Infrastructure

IIFCL plans $1 billion overseas loan, also eyes $400 million ADB funding to back infrastructure push

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State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise $1 billion from overseas investors in what could become its largest foreign-currency loan, while also holding talks with the Asian Development Bank (ADB) for a separate $400 million loan, a senior company executive told Reuters. State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning … Read more

Putin Acknowledges Fuel Shortages Amid Ukrainian Drone Strikes on Russian Energy Infrastructure | World News

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Fuel crunch in Russia: Putin admits ‘shortage’ as Ukraine drone attacks batter energy sites (AP image) Russian President Vladimir Putin, on Sunday, acknowledged that sustained Ukrainian drone attacks on Russia’s energy infrastructure have caused fuel shortages in several regions, while insisting the disruptions are manageable and vowing to continue Moscow’s military campaign.Speaking in an interview … Read more