Need to deepen economic ties with Myanmar: MoS Commerce
Minister of State for Commerce and Industry C R Chaudhry said there is need to deepen economic ties between India and Myanmar.
"Myanmar and India have a long history as being friendly neighbours with a long tradition of culture, economics and political context. Now it's the time for us to bond a stronger tie between us," he said at an event organised by commemorate 70 years of diplomatic relation with the Asian nation.
He also said India would be hosting a business event in Myanmar's capital Yangon during the visit of Indian President next month.
* * * * *
REC lists first global notes of USD 700 million with India INX * State run REC (Rural Electrification Corporation) Tuesday listed its first global notes comprising both Reg-S and 144A tranche on India INX's Global Securities Market said the exchange The 5 year bond has an annual yield of 5.25 per cent maturing on November 13, 2023, India INX in a statement.
India INX MD and CEO V Balasubramaniam mentioned, We congratulate RECL on their first global bond issuance under the USD 5 Billion Global MTN Programme. The success of both the 144A and Reg S tranche is attestation of the strong global investor interest in building exposure to India's growing power sector."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.