RBIs Investment in IIFC UK Subsidiary Drops in FY23-24

15 May 2024 CW Team

The Reserve Bank of India (RBI) witnessed a notable decline in its investment in the UK subsidiary of the India Infrastructure Finance Company Ltd (IIFC) during the fiscal year 2023-24. According to recent reports, the investment saw a reduction of one-fifth compared to the previous fiscal year.

This decline in RBI's investment comes amidst a backdrop of evolving economic conditions and shifting priorities in the infrastructure sector. While specific reasons for the reduction remain undisclosed, it reflects a nuanced approach by RBI towards its investment portfolio and strategic allocation of resources.

The India Infrastructure Finance Company Ltd (IIFC) serves as a crucial vehicle for channelling investments into various infrastructure projects across India. Its UK subsidiary plays a significant role in facilitating international investment flows into the Indian infrastructure sector.

Despite the decline in RBI's investment, the overall outlook for infrastructure financing remains positive, buoyed by continued government initiatives and private sector participation. The need for robust infrastructure development continues to be a priority for India's economic growth and sustainable development agenda.

As economic dynamics evolve and global investment landscapes undergo transformations, RBI's investment decisions reflect a broader strategy aimed at optimising returns while ensuring stability and resilience in the financial system. The reduction in investment in IIFC's UK subsidiary underscores the importance of adaptability and prudent risk management in managing India's financial assets amidst changing market conditions.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..