Business

Abu Dhabi fund’s entry to spur investment in infra asset monetisation

National Investment and Infrastructure Fund yesterday signed a $1 bn investment deal with a unit of Abu Dhabi Investment Authority With Abu Dhabi Investment Authority (ADIA) becoming the first investor in the National Investment and Infrastructure Fund (NIIF), monetisation of infrastructure projects, especially in ...

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Axis Bank reports NPA divergences of Rs 5633 cr, reveals exposure to 20 insolvency a/cs

The third largest private sector lender reported a 35.5 percent rise in net profit backed by lower provisions towards the bad loans, fee income growth and stable loan growth Despite robust profit numbers in the second quarter of FY18, Axis Bank witnessed ...

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Dist attorney, daughter booked for threatening P’kula IAS officer

Panchkula, October 16 On a complaint of IAS officer Anita Yadav, Director-General, Women and Child Welfare Department, the police have booked a district attorney (DA) posted in the Haryana Civil Secretariat at Chandigarh and his daughter.As per Yadav’s complaint, DA ...

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$1-billion pledge: Abu Dhabi to pick up a stake in infra fund

The initial size of the Fund, set up two years ago, is being expected to close at $2.1 billion, with the government keeping a green shoe option to raise it up to $2.8 billion. In a major boost to the ...

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Goods and Services Tax: E-way bill roll-out in abeyance on IT infrastructure concerns

The Council also is learnt to have agreed upon the need to have a proper module and adequate pilot testing in place to ensure that the IT backbone for e-way bill is stable. As the Goods and Services Tax (GST) ...

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