Airtel appoints Jinesh Hegde as CEO of Sri Lanka

Last Updated: Thursday, July 30, 2015, 15:56

He takes on this role from Suren Goonewardene and will report to Ajai Puri, Director - Market Operations (India & South Asia), Bharti Airtel.

RBI, Central Bank of Sri Lanka ink currency swap agreement

Last Updated: Friday, July 17, 2015, 17:32

The Reserve Bank on Friday signed a special currency swap agreement with the Central Bank of Sri Lanka that will allow the latter to draw up to USD 1.1 billion.

Auto exports to Sri Lanka jump four-fold in May: EEPC

Last Updated: Wednesday, June 24, 2015, 18:09

Sri Lanka, Italy and Spain provided traction to India?s automobile exports while Mexico, the UK, Algeria and Bangladesh witnessed a major slowdown in shipments in May, engineering exporters' body EEPC today said.

Tata Motors launches Zest, Bolt in Sri Lanka

Last Updated: Tuesday, June 9, 2015, 13:56

The Zest was launched in India last August 2014 and the Bolt was introduced in January.

Sri Lanka raises nearly $1 billion from international sovereign bonds

Last Updated: Saturday, May 30, 2015, 14:05

Sri Lanka has raised nearly USD one billion through international sovereign bonds, the country's central bank has said, a month after parliament had rejected plans to increase local borrowings.

Lanka to get $400 mn from RBI under currency swap deal

Last Updated: Wednesday, April 29, 2015, 19:37

Sri Lanka's Central Bank will tomorrow get the first USD 400 million tranche from India under a currency swap agreement with the RBI that will help the country tackle currency volatility and promote trade.

Sri Lanka to take call on Rs 3K cr undersea power link: PGCIL

Last Updated: Wednesday, April 8, 2015, 14:09

State-owned Power Grid Corp on Wednesday said the call to implement the proposed Rs 3,000 crore undersea power transmission link has to be taken by Sri Lanka.

Sri Lanka inflation rate drops to record low: Official data

Last Updated: Tuesday, March 31, 2015, 19:58

Sri Lanka`s inflation rate fell to a record low in March on the back of drastic declines in food and fuel prices after the island`s new government cut taxes on staple items, official figures showed Tuesday.

Govt to bring out strategy paper on boosting textile exports

Last Updated: Wednesday, March 25, 2015, 17:21

Falling for the third straight month, exports declined steeply by over 15 percent to USD 21.54 billion in February.

RBI signs $400 million currency swap pact with Sri Lanka

Last Updated: Wednesday, March 25, 2015, 15:07

RBI on Wednesday signed a USD 400 million currency swap agreement with the Central Bank of Sri Lanka for three years that will allow the island nation to draw the amount in dollars or euros in multiple tranches.

Sri Lankan leader to renegotiate China deals on visit

Last Updated: Tuesday, March 24, 2015, 17:08

Sri Lanka`s new president will use a visit to Beijing to renegotiate more than $5.3 billion-worth of Chinese deals signed by his predecessor, a minister said Tuesday, calling it a strategy of "economic self-defence".