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  Bloomberg Prime Minister Narendra Modi’s ambitious plans to spend a record $60 billion on India’s infrastructure this fiscal year may provide a much-needed boost to the rupee loan market after project-finance volumes slumped last year. Bank loan commitments for project financing may potentially double to 2 trillion rupees ($31 billion) this financial year, according to Muhund Kannappan, a credit ...

  Bloomberg Broadcom Ltd. has lined up financing from three Japan banks and private-equity firm Silver Lake as it bids for Toshiba Corp.’s semiconductor business, according to people familiar with the matter. The lending units of Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. plan to provide about $15 billion in loans, while ...

  Bloomberg Infosys Ltd. will return $2 billion to shareholders this year and pledged to raise dividends and stock-buybacks as it deploys more of its cash hoard after delivering a sales outlook that fell short of estimates. Starting this year, it will begin distributing as much as 70 percent of annual free cash flow, compared with a previous policy of ...

  Bloomberg BT Group Plc Chief Executive Officer Gavin Patterson faces a significant hit to his compensation after the company reduced its profit outlook in January and tripled a writedown from an accounting scandal in Italy. The board of the former UK phone monopoly is considering clawbacks of past management compensation due to the revised financial results from Italy as ...

  Dubai / WAM The Dubai Women Establishment (DWE) has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFM to foster bilateral collaboration and further women’s economic empowerment by encouraging their participation on the boards of listed companies. The move follows directives of HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, wife of HH Sheikh Mansour bin Zayed ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE and Ruler of Dubai, urged Arab youth to evolve, adapt and learn to keep pace with a transforming world. In an open letter to the Arab Youth in the inaugural issue of Popular Science Arabia Magazine, he said, “We live in a time ...

  Sharjah / Emirates Business The ‘Invest in Sharjah’ brand is taking to the air following an agreement between Sharjah FDI Office (Invest in Sharjah) – the FDI office operating under the government of Sharjah – and Air Arabia, the first and biggest low-cost airline in MENA region. Under the terms of the agreement, Air Arabia will place decals of ...

  Abu Dhabi / Emirates Business Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Saturday that it will be unveiling a compelling selection of residential units on Saadiyat Island at Cityscape Abu Dhabi 2017, taking place from April, 18 – 20 at the Abu Dhabi National Exhibition ...

  Sharjah / Emirates Business Sharjah Healthcare City (SHCC) and Arab German Chamber of Commerce and Industry (GHORFA), have signed a landmark cooperation agreement. This agreement will establish ties and extend cooperation in promoting the Sharjah Healthcare City project situated in Sharjah. GHORFA will assist in promoting Sharjah Healthcare City in Germany and other European countries. The cooperation agreement was ...

  Bloomberg The South Korean trial of Samsung heir Jay Y. Lee for alleged bribery took an unusual twist as prosecutors said the company tried to conceal its gift of a 1 billion won horse ($885,000) by exchanging it for another animal. Prosecutors disclosed a series of text messages, emails and memos among Lee’s lieutenants to support allegations Samsung Electronics ...