Indian fintech firm Phone Pe begins its journey in Sri Lanka
May 16, 2024, at 09:48 pm
Indian fintech major PhonePe on Wednesday it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points.
Sri Lankan beverage brand Elephant House partners with Reliance Consumer to enter Indian market
Feb 29, 2024, at 01:42 am
Mumbai: The Sri Lankan beverage brand Elephant House has entered into a partnership with Reliance Consumer Products, the FMCG division of Reliance Retail Ventures, to produce, promote, distribute, and retail its beverages throughout India.
US invests $553 million in Adani port in Sri Lanka amid growing Chinese influence
Nov 09, 2023, at 06:36 am
Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.
After a pause of 4 yrs, India, Sri Lanka resume ETCA negotiations
Nov 02, 2023, at 04:56 am
Colombo: India and Sri Lanka held the 12th round of negotiations on the Economic and Technology Cooperation Agreement (ETCA) in Colombo from October 30 to November 1.
India's UPI to be available in Sri Lanka soon
Jul 22, 2023, at 04:27 am
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
Millions in Sri Lanka seek financial aid: Sri Lanka Finance Minister
Oct 28, 2022, at 08:29 pm
Colombo/UNI: Sri Lankan Finance Minister Ranjith Siyambalapitiya said that nearly four million families, which make up 58 percent of the country’s households, are seeking financial assistance from the government under various social welfare schemes to survive amid the ongoing economic crisis.
Sri Lanka to ease import restrictions: State Minister for Finance
Sep 30, 2022, at 10:45 pm
Colombo/UNI: The Sri Lankan government will ease the ban on import of some goods that was enforced due to the economic crisis, Finance State Minister Ranjith Siyambalapitiya said in remarks published Friday.
Indian producers looking to boost Orthodox tea export as supply from Sri Lanka shrinks
Aug 31, 2022, at 07:16 pm
The Indian tea industry is gearing up to meet the increasing global demand for orthodox tea after supplies from crisis-hit Sri Lanka shrunk.
India grants $500 million credit line to Sri Lanka to overcome fuel crisis
Feb 04, 2022, at 07:51 am
Colombo: India has extended $500 million credit line to Sri Lanka to buy fuel as the island nation grapples to tide over its worst financial criss in decades, media reports said.
Sri Lanka to buy fuel from IOC to avert energy crisis
Feb 02, 2022, at 09:38 pm
New Delhi: Sri Lanka will buy 40,000 metric tonnes each of petrol and diesel from the Indian Oil Corporation (IOC) to overcome its fuel and energy crisis, media reports said.
Sep 01, 2021, at 08:42 pm
New Delhi/IBNS: Ride-hailing company Uber has named Abhilekh Kumar as the new Director of Business Development for Uber’s India and South Asia business.
Sri Lanka: TVS NTORQ 125 race edition launched
Jan 03, 2020, at 05:08 pm
Colombo/UNI: Two and three-wheelers manufacturer TVS Motor Company on Friday here launched the TVS NTORQ 125 Race Edition.
Mahindra Finance and Ideal Finance form NBFI Joint Venture in Sri Lanka
Aug 20, 2019, at 05:12 pm
Colombo / Mumbai, Aug 20 (IBNS): Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance), India’s leading NBFC (Non-Banking Finance Company), focused on the rural and semi-urban markets, has entered into a joint venture with Ideal Finance Ltd., a fully owned subsidiary of the leading Sri Lankan conglomerate, Ideal Group. Mahindra Finance will invest LKR 2 billion until March 2021 for up to 58.2% stake in Ideal Finance.
World Bank's $ 70 million loan to Sri Lanka to strengthen local authorities
May 14, 2019, at 08:33 pm
Colombo, May 14 (UNI): International Development Association (IDA) of the World Bank has provided a loan of $ 70 million to Sri Lanka to strengthen the services provided by local authorities to the people in several districts across the island, a statement from Sri Lanka's finance ministry said here Tuesday.
Sri Lanka and Singapore sign Free Trade Agreement
Jan 24, 2018, at 08:19 pm
Colombo, Jan 24 (IBNS): Sri Lanka has signed its first-ever comprehensive Free-Trade Agreement (FTA) with Singapore to establish itself as an economic hub in the Indian Ocean.
Sri Lanka tri- services delegation visits Kochi
Jan 13, 2018, at 12:50 am
New Delhi, Jan 12 (IBNS): In order to strengthen the existing India-Sri Lanka bilateral ties, a nine-member Sri Lankan Tri- Services delegation, headed by Kapila Waidyaratne, PC, Secretary of Defence made a two-day visit to the Southern Naval Command, (SNC) Kochi from 11 Jan 18.