Latest news with #RajatVerma
Business Standard
26-06-2025
- Business
- Business Standard
DBS Bank Leads Maiden Green Finance Facility of USD80 Million for Aseem Infrastructure Finance
BusinessWire India Mumbai (Maharashtra) [India], June 26: DBS Bank announced the completion of Aseem Infrastructure Finance Limited's (AIFL) first External Commercial Borrowing (ECB) and green loan of USD80 million. AIFL is an RBI registered NBFC - IFC (Non-Banking Finance Company - Infrastructure Finance Company), backed by NIIF (sovereign-linked alternative asset manager anchored by the Government of India), that provides focused and customised financial solutions to the infrastructure sector, including funding the development of clean energy projects. DBS Bank Ltd. led the transaction as the sole mandated lead arranger through its IFSC Banking Unit (IBU) in GIFT City.* As one of the world's fastest-growing major economies, India's energy demand is expected to increase significantly over the next decade, driven by rising urbanisation and industrial development. Renewable energy has been contributing an increasing share in the power mix, with installed capacity at ~ 220.10 GW as of March 31, 2025 (Ministry of New and Renewable Energy), in keeping with the national target of achieving 500 GW of non-fossil fuel energy capacity by 2030. With a vision to create a climate positive world, AIFL plays a key role as a credit institution, with funding solutions that are not mere financial transactions, but building blocks for a sustainable future. As the sole sustainability coordinator of this USD 80 million transaction supporting renewable energy projects in India, DBS Bank Ltd. provided structuring support grounded in internationally recognised sustainable finance principles. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance - India, further underscoring the bank's broader commitment to responsible banking. Managing Director and CEO of DBS Bank India Ltd., Rajat Verma, commented on the deal, saying, "This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India's transition to a decarbonised future." Virender Pankaj, CEO at Aseem Infrastructure Finance, said, "This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India. It sets a lasting benchmark for eco-conscious infrastructure development. We are delighted to partner with DBS, whose global expertise and commitment to sustainable finance perfectly aligns with our vision for responsible, impact-driven infrastructure lending." DBS has been named 'Safest Bank in Asia' by Global Finance for 16 consecutive years since 2009. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. The bank combines a strong global lineage with a deep understanding of the Indian market to offer a full range of institutional banking, SME and retail banking services. * DBS Bank Ltd. opened an IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, in 2023.
Mint
26-06-2025
- Business
- Mint
DBS Bank Leads Maiden Green Finance Facility of USD80 Million for Aseem Infrastructure Finance
The funding will enable Aseem Infrastructure to accelerate the development of renewable energy projects across India. DBS Bank Ltd. is the sole mandated lead arranger for this transaction through its branch in GIFT City. DBS Bank announced the completion of Aseem Infrastructure Finance Limited's (AIFL) first External Commercial Borrowing (ECB) and green loan of USD80 million. AIFL is an RBI registered NBFC – IFC (Non-Banking Finance Company – Infrastructure Finance Company), backed by NIIF (sovereign-linked alternative asset manager anchored by the Government of India), that provides focused and customised financial solutions to the infrastructure sector, including funding the development of clean energy projects. DBS Bank Ltd. led the transaction as the sole mandated lead arranger through its IFSC Banking Unit (IBU) in GIFT City.*As one of the world's fastest-growing major economies, India's energy demand is expected to increase significantly over the next decade, driven by rising urbanisation and industrial development. Renewable energy has been contributing an increasing share in the power mix, with installed capacity at ~ 220.10 GW as of March 31, 2025 (Ministry of New and Renewable Energy), in keeping with the national target of achieving 500 GW of non-fossil fuel energy capacity by 2030. With a vision to create a climate positive world, AIFL plays a key role as a credit institution, with funding solutions that are not mere financial transactions, but building blocks for a sustainable future. As the sole sustainability coordinator of this USD 80 million transaction supporting renewable energy projects in India, DBS Bank Ltd. provided structuring support grounded in internationally recognised sustainable finance principles. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance – India, further underscoring the bank's broader commitment to responsible banking. Managing Director and CEO of DBS Bank India Ltd., Rajat Verma, commented on the deal, saying, 'This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India's transition to a decarbonised future." Virender Pankaj, CEO at Aseem Infrastructure Finance, said, 'This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India. It sets a lasting benchmark for eco-conscious infrastructure development. We are delighted to partner with DBS, whose global expertise and commitment to sustainable finance perfectly aligns with our vision for responsible, impact-driven infrastructure lending.' DBS has been named 'Safest Bank in Asia' by Global Finance for 16 consecutive years since 2009. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. The bank combines a strong global lineage with a deep understanding of the Indian market to offer a full range of institutional banking, SME and retail banking services. * DBS Bank Ltd. opened an IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, in 2023. About DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its 'CRISIL AAA/Stable' rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at 'CRISIL A1+'. Recognised for its global leadership, DBS has been named 'World's Best Bank' by Global Finance, 'World's Best Bank' by Euromoney and 'Global Bank of the Year' by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney and the world's 'Most Innovative in Digital Banking' by The Banker. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 16 consecutive years from 2009 to 2024. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. Reinforcing its commitment to responsible banking and business practices, DBS was also named Best Bank for Sustainable Finance – India by Global Finance in 2024 and Best Bank for Diversity & Inclusion – India by Euromoney in 2024. DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them 'Live more, Bank less'. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit Rohini Rego, DBS Bank India, rohinirego@ +91-9930549207
The Wire
26-06-2025
- Business
- The Wire
DBS Bank Leads Maiden Green Finance Facility of USD80 Million for Aseem Infrastructure Finance
India – Business Wire India • The funding will enable Aseem Infrastructure to accelerate the development of renewable energy projects across India. • DBS Bank Ltd. is the sole mandated lead arranger for this transaction through its branch in GIFT City. DBS Bank announced the completion of Aseem Infrastructure Finance Limited's (AIFL) first External Commercial Borrowing (ECB) and green loan of USD80 million. AIFL is an RBI registered NBFC – IFC (Non-Banking Finance Company – Infrastructure Finance Company), backed by NIIF (sovereign-linked alternative asset manager anchored by the Government of India), that provides focused and customised financial solutions to the infrastructure sector, including funding the development of clean energy projects. DBS Bank Ltd. led the transaction as the sole mandated lead arranger through its IFSC Banking Unit (IBU) in GIFT City.* As one of the world's fastest-growing major economies, India's energy demand is expected to increase significantly over the next decade, driven by rising urbanisation and industrial development. Renewable energy has been contributing an increasing share in the power mix, with installed capacity at ~ 220.10 GW as of March 31, 2025 (Ministry of New and Renewable Energy), in keeping with the national target of achieving 500 GW of non-fossil fuel energy capacity by 2030. With a vision to create a climate positive world, AIFL plays a key role as a credit institution, with funding solutions that are not mere financial transactions, but building blocks for a sustainable future. As the sole sustainability coordinator of this USD 80 million transaction supporting renewable energy projects in India, DBS Bank Ltd. provided structuring support grounded in internationally recognised sustainable finance principles. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance – India, further underscoring the bank's broader commitment to responsible banking. Managing Director and CEO of DBS Bank India Ltd., Rajat Verma, commented on the deal, saying, 'This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India's transition to a decarbonised future." Virender Pankaj, CEO at Aseem Infrastructure Finance, said, 'This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India. It sets a lasting benchmark for eco-conscious infrastructure development. We are delighted to partner with DBS, whose global expertise and commitment to sustainable finance perfectly aligns with our vision for responsible, impact-driven infrastructure lending.' DBS has been named 'Safest Bank in Asia' by Global Finance for 16 consecutive years since 2009. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. The bank combines a strong global lineage with a deep understanding of the Indian market to offer a full range of institutional banking, SME and retail banking services. * DBS Bank Ltd. opened an IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, in 2023. About DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its 'CRISIL AAA/Stable' rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at 'CRISIL A1 '. Recognised for its global leadership, DBS has been named 'World's Best Bank' by Global Finance, 'World's Best Bank' by Euromoney and 'Global Bank of the Year' by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney and the world's 'Most Innovative in Digital Banking' by The Banker. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 16 consecutive years from 2009 to 2024. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. Reinforcing its commitment to responsible banking and business practices, DBS was also named Best Bank for Sustainable Finance – India by Global Finance in 2024 and Best Bank for Diversity & Inclusion – India by Euromoney in 2024. DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them 'Live more, Bank less'. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.).
Time of India
19-06-2025
- Time of India
DLSA Gurgaon sets up ‘Asha' team to tackle child marriages
Gurgaon: The district legal services authority (DLSA) has established a special unit named ASHA (awareness, support, help, and action) to prevent child marriages and rehabilitate victims. ASHA will focus on awareness campaigns, legal assistance, psychological support, rescue operations, and victim rehabilitation. It will also facilitate the enrolment of victims into foster care under Ministry of Women and Child Development's Mission Vatsalya, and will be headed by additional principal judge (family court). DLSA secretary, panel advocates, para-legal volunteers, members of child welfare committee, police liaison officers, officers from district child protection unit and representatives from the departments of education and health will also be a part of the unit. ASHA was formed following Supreme Court's directions in the case Society for Enlightenment and Voluntary Action & Anr vs Union of India. Under part IX of the judgment, SC directed NALSA to prepare a standard operating procedure (SOP) laying out detailed guidelines for legal aid and long-term rehabilitation of victims. This SOP was meant to serve as a reference guide for lawyers and law enforcement officers. In compliance with the court's directives, NALSA formulated "standard operating procedure for prevention, protection, and rehabilitation of child marriages". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like USDJPY đang đi lên không? IC Markets Đăng ký Undo For an effective implementation of this SOP, DLSA came out with ASHA, said Rajat Verma, secretary, DLSA Gurgaon. The unit was disseminating information about child protection helplines and portals, said officials, adding that NGO Shakti Vahini was also extending full support to it. "The SOP and ASHA will work hand-in-hand to eliminate child marriage and ensure a dignified rehabilitation of victims," said Verma.
ME Construction
10-06-2025
- Business
- ME Construction
Prospect & Mulk Properties launch ‘The LX' in Arjan, Dubai
Property Prospect & Mulk Properties launch 'The LX' in Arjan, Dubai By The LX is set for handover in Q3 2027 with 71 premium boutique office units and two retail spaces Prospect and Mulk Properties have launched 'The LX', a US $94.5mn boutique office and retail development in Arjan, Dubai. The project was unveiled at a launch event held at the Waldorf Astoria, Palm Jumeirah and aims to meet the growing demand for premium commercial spaces in the city. One Broker Group (OBG) will be the exclusive sales partner for The LX, the statement confirmed. The LX is set for handover in Q3 2027 with 71 premium boutique office units and two retail spaces. The offering is said to represent a rare opportunity for modern businesses and discerning investors to own commercial assets in a location experiencing 'unprecedented growth'. With Dubai witnessing an all-time high demand for flexible, high-specification office spaces, The LX is poised to fill a significant gap in Dubai's commercial real estate sector. Mulk Properties brings international development expertise and long-term vision to the partnership. Dubai's commercial market is undergoing a significant shift, moving away from generic office towers towards purpose built, design-led spaces that prioritise community integration, functionality, and long-term investment value. This launch coincides with this transformative trend, the statement explained. 'The LX marks our strategic entry into Dubai's commercial property segment, and we've done so with intention and insight,' said Nawab Shaji Ul Mulk, Chairman of Mulk International. 'Our focus has always been on high-impact, future-proof developments. With Arjan's explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we're setting a new benchmark for what boutique commercial development in Dubai should look like.' 'The LX isn't just another commercial development it's a targeted solution to an urgent market demand,' added Rajat Verma, Co-founder of Prospect. 'Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect's vision of delivering high-return assets in high-potential areas.' 'What sets The LX apart is not just its design or pricing – it's how perfectly it aligns with the market's future,' remarked Umar Bin Farooq, Founder & CEO of One Broker Group. 'We're witnessing a major shift in how commercial real estate is being utilised in Dubai. Businesses want flexibility, quality, and connectivity. Arjan offers all three, and The LX delivers on them at a premium standard. We're proud to represent a development that understands what the market truly needs.' With direct access to major highways, Al Barsha South, Jumeirah Village Circle, and Dubai Science Park, Arjan is one of the few remaining zones offering centrality without congestion. With thousands of new residential units being delivered, the demand for adjacent commercial infrastructure is rising sharply. The LX directly supports this growth by offering a professionally designed, investor-grade asset that balances prestige with practicality. The project exemplifies how visionary partnerships between developers and expert sales strategists can reshape Dubai's commercial real estate future. The LX, drawing strong interest from investors, SMEs, and entrepreneurs seeking a growth-focused location with ROI potential, is led by One Broker Group, which holds the exclusive sales mandate, the statement concluded.
