Published : 19 January 2024
By : Sachin Gupta
HDFC Bank Ltd is planning to create its first office in Singapore, reflecting its international ambitions following a major merger with mortgage lender Housing Development Finance Corp. last year.
Taking advantage of the recent decline in interest rates worldwide, ONGC Videsh, the exploration branch of Oil and Natural Gas Corporation (ONGC) for international markets, has raised $420 million from DBS Bank in Singapore and the state-owned Bank of Baroda (BoB) in a deal that was finalized earlier this month.
Coal India Ltd (CIL) intends to enter the mining of essential minerals, including lithium, to help India's energy security ambitions and attain net-zero targets. The government will grant CIL a block for exploration, and mining activities will start once lithium deposits are verified.