Subsea cable ship operator OMS Group has secured more than $1 billion in new financing. The money will fund the build-out of four new vessels. The company said this week that it raised $1.0315 billion in facilities.
How the Financing Is Built
The package includes $911.5 million in corporate facilities, trade facilities and export credit agency (ECA) backed term loans. A further $120 million in trade...
A two-day nationwide strike by IDBI Bank officers and employees ended. They were protesting against the proposed sale of a majority stake in the bank to Canada-based Fairfax Financial Holdings. The union will decide its next step at a meeting on November 10.
The United Forum of IDBI Officers and Employees organised the strike. It said it will consider stepping up its protest and seek...
