India aims to become the second-largest economy globally with an estimated 32 trillion dollars GDP arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.
NIIF names Rajiv Dhar as CIO: The National Investment & Infrastructure Fund of India, backed by the government, named Rajiv Dhar as Chief Investment Officer to enhance investment decisions and oversight. Dhar, a voting member on investment committees, brings experience from his previous roles at NIIF. The fund, with over $4.9 billion in assets, is a key player in India s infrastructure sector.
Korea Investment Corp. (KIC) opened an office in Mumbai, India, on Tuesday, which is the sovereign wealth fund s first office established in an emerging market. It is the KIC s fifth overseas office, following ones in New York, London, Singapore and San Francisco.
NIIF is set to acquire a majority stake of 55-60% in iBus Networks, a leading provider of in-building wireless solutions in India, for Rs 1,600 crore ($200 million). The current minority stakeholder, Morgan Stanley India Infrastructure Fund, will retain its position, and the company s management will continue to run the business. iBus Networks offers in-building sharing (IBS) and last-mile connectivity solutions, serving clients such as Airtel, Jio, and Vodafone Idea.
Weekly roundup of people news, Jan 12 | Moves asianinvestor.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asianinvestor.net Daily Mail and Mail on Sunday newspapers.