The International Finance Corporation (IFC), a part of the World Bank Group, has committed $150 million to the H-DREAM Fund managed by HDFC Capital Advisors. The fund aims to develop 25,000 green-certified affordable and mid-income homes in India, mobilizing up to $850 million in total. Overview IFC invests $150 million in H-DREAM Fund by HDFC … Read more
BEML, under the Ministry of Defence, has won its inaugural overseas rail-metro project worth USD 1 million in Malaysia. The contract involves retrofitting and reconditioning the Mass Rapid Transport System. Contract Details BEML announced on 9 August 2025 that it will enhance Malaysia’s MRT network’s operational efficiency and longevity through retrofitting and reconditioning services. BEML’s … Read more
In a strategic move to bolster its global footprint, Tata AutoComp Systems Ltd, a prominent Indian auto components manufacturer, is set to acquire Slovakia-based IAC Group through its British subsidiary, Artifex Interior Systems Ltd. This acquisition marks a significant leap for Tata AutoComp in expanding its reach in Europe’s automotive market. About the Acquisition While … Read more
India’s largest life insurer, Life Insurance Corporation of India (LIC), reported a 5% rise in Q1 FY26 net profit to ₹10,987 crore. Premium income surged, NPAs reduced, and solvency ratio increased amidst regulatory changes. Premium Income and Policy Mix Improved Financial Health and Asset Quality Strong AUM and Market Position Key Takeaways for Competitive Exams:
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