Finance and Investment

Road to better transport system will cost Rs 4 lakh cr (Express India)

6 Jul 2008

A world-class urban transport infrastructure, including an efficient public transport system, road network, and optimising the existing infrastructure in key Indian cities would require an investment of Rs 4,35,800 crore in the next 20 years. A study undertaken by Wilber Smith Associates and the ministry of urban development also makes a strong case for developing and encouraging non-motorised ...

IPIC concludes $625m loan facility to acquire 20pc stake in Cosmos Oil (Khaleej Times)

5 Jul 2008

ABU DHABI - The International Petroleum Investment Company (IPIC) has concluded a $625 million syndication loan to finance acquisition of 20 per cent shares in Japan’s Cosmos Oil Company.

ACC's shares in struggling finance companies (The New Zealand Herald)

5 Jul 2008

The Accident Compensation Corporation is a shareholder in struggling finance companies Dominion Finance and Dorchester Finance, but the corporation says it won't be affected by their troubles.