Adani Ports has withdrawn its request for a $553 million loan from the US International Development Finance Corporation (IDFC) for a Sri Lankan port project. Facing US fraud allegations, the company will now self-fund the Colombo West International Terminal development, originally slated to begin operations this month but now expected by early 2025.
Related Posts
Fixed Deposit rates above 8%: These small finance banks are offering over 1% higher FD rates than big banks like SBI, HDFC Bank
Small finance banks have increased fixed deposit rates to over 8% for two-year tenures, challenging larger banks like SBI and HDFC Bank. This move seeks […]