Category: Government & PSU

NIIF to acquire controlling stake in IDFC Infrastructure Finance.

National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…

Bhilai Steel Plant blast: CEO sacked, two other senior officials suspended.

Following the disastrous fire accident in SAIL’s Bhilai Steel Plant, Chhattisgarh, the CEO of the plant M Ravi was fired today. Along with him, T Pandya Raja, general manager (safety) and Naveen Kumar, deputy general manager (energy) were also suspended. Nine people had died and 14 others were injured in the gas pipeline blast, Tuesday.…

SBI Mutual Fund appoints Ashwani Bhatia as MD and CEO

SBI Mutual Fund has appointed Ashwani Bhatia as Managing Director and Chief Executive Officer.  He takes over from Anuradha Rao who would be getting back to State Bank of India as Deputy MD.  Before joining SBI Funds Management Private Limited, he was Chief General Manager (Officer on Special Duty), Corporate Centre in SBI, Mumbai (February 2018–…