Tag Archives: international finance corporation

Cross-defaults triggered for Suntech’s bonds; suppliers and lenders start payment claims – Another one bites the dust!

Suntech Power Holdings default on paying back its US$541 million convertible note last week has triggered cross-defaults on other loans, according to the company. Suntech also said in a statement, confirming its US$541 million convertible note default, that some of … Continue reading

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Low-Carbon Technology Roadmap for the Indian Cement Industry

Following the global Cement Technology Roadmap in 2009 developed in a partnership between WBCSD CSI and the International Energy Agency (IEA), nine CSI members in India* again joined hands with IEA to develop a ‘Technology Roadmap: Low-Carbon Technology for the Indian Cement Industry’. The initiative … Continue reading

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Solar ATMs are helping spread banking in remote areas

In January 2010, State Bank of India was about to open a branch in Sannyasidanga village near Jangipur, West Bengal — the Lok Sabha constituency of Pranab Mukherjee, then finance minister and now president of India. It would be the … Continue reading

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