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Featured News
Actis merges 11 India road assets into $1 billion trust
Actis LLP has consolidated 11 road assets worth around Rs 10,000 crore into its NXT-Infra Trust after raising Rs 1,180 crore from investors. The fundraising reduced Actis’ stake to 71%, with domestic investors holding the remainder. The move comes amid growing investor interest in India’s operating road assets, while Actis also sees opportunities in digital infrastructure, electric vehicles, waste recycling and water services.
RBI withdraws relaxation on export earnings repatriation
The Reserve Bank of India has reversed a previous decision allowing exporters 15 months to repatriate earnings. The new deadline set is 9 months for bringing back export proceeds into the country. This change aims to increase dollar liquidity and support the Indian rupee in the foreign-exchange market. Additionally, the RBI has provided banks with expanded powers concerning trade transactions before the new rules take effect.
