IRCON International Shares Surge 4% After Execution of Contract by Sri Lanka Railways
IRCON International, a Ministry of Railways company, saw its shares gain as much as 4% during the early hours on Monday after the company executed...
Tag : Sri Lanka
World Bank IDA Approves $700 Million Financing for Sri Lanka
The World Bank Board of Directors have approved a $700 million financing for Sri Lanka’s budgetary and welfare support from its concessionary International Development Association...
Sri Lanka Plans to Shift to Renewable Energy Sources, Signs Deal with India
Sri Lanka has announced its intention to sign a memorandum of understanding (MoU) with India to increase the island nation’s use of renewable energy, aiming...
Sri Lanka Receives $3 Billion Bailout from IMF
On March 21, the International Monetary Fund (IMF) sanctioned a $3 billion bailout for crisis-stricken Sri Lanka under the programme to “reestablish macroeconomic stability and...
China Backs Sri Lanka Debt Restructuring, Paving Way for $2.9 Billion IMF Lifeline
China has assured that it will upkeep Sri Lanka’s debt rearranging, clearing the largest hurdle for the South Asian nation to protect a $2.9 billion...
Global Recycling Firm Gravita India Signs MoU to Set Up Rs 40 Crore Plant in Oman
On Friday, global recycling company Gravita India Ltd announced that it had signed an MoU to set up a Rs 40 crore battery recycling plant...
Sri Lanka to Begin Debt Restructuring Plan
On Friday, Sri Lankan authorities are going to hold talks with international creditors to begin the process of restructuring billions of dollars of its debt...
Indian Oil Corporation to Expand Operations in Sri Lanka
The Indian Oil Corporation (IOC) will likely expand its operations in Sri Lanka by opening 50 fuelling stations. As the island nation is going through...
Page Ind Hits Record High on Strong Growth Outlook; Stock Up 17% in July
Shares of Page Industries hit an all-time high of Rs 47,001 in intraday trade on Wednesday after the BSE rose nearly 2%t. Shares of the...
Sri Lanka to Get New President Next Week
On July 20, Sri Lanka‘s Parliament will elect a new president; a spokesman said on Monday after protesters stormed the residences of the current President...