ADIA to invest $1 billion in NIIF

November 2017

ADIA, the sovereign wealth fund of the Gulf emirate, has agreed to invest $1 billion (Rs 64.7 billion) in the National Investment and Infrastructure Fund’s (NIIF) Master Fund. ADIA will become the first institutional investor […]

Jaiprakash Associates approves debt restructuring

October 2017

Jaiprakash Associates’ board has approved the transfer of certain assets and liabilities, including debt of over Rs 118.34 billion, to its subsidiary, Jaypee Infrastructure Development Limited, as a part of its efforts to cut the […]

Cabinet nod to expand mandate of DMIC trust fund

January 2017

The central government has approved the expansion of the mandate of the Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) and re-designated it the National Industrial Corridor Development and Implementation Trust (NICDIT) for the […]

NIIF to start funding activities soon

October 2016

The National Investment and Infrastructure Fund (NIIF) has become operational and will commence funding activities soon. The dedicated fund is indicative of the government’s attempt to make more funds available for the infrastructure sector. Funding […]

Credit rating of cities takes off

September 2016

The Ministry of Urban Development (MoUD) has announced that the process of credit rating of urban local bodies (ULBs) has begun in 85 cities of which 12 have completed the process. All the cities will […]

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