

TDI Clears Rs20 Billion Debt, Now Eyes Kundli Relaunch
Delhi-based real estate developer TDI Infrastructure Ltd has announced that it is now completely debt-free, having repaid Rs20 billion in outstanding obligations without any restructuring, settlement, or waiver, according to a statement issued on 24 July.The company confirmed that all External Development Charges (EDC) have also been cleared, further reinforcing its financial position. TDI attributed this achievement to a combination of internal accruals and land monetisation, which enabled it to deleverage its balance sheet.“Becoming debt-free has been a critical milestone in our transforma..

Rs709 Billion in Bihar Funds Unaccounted: CAG
The Comptroller and Auditor General’s (CAG) report on State Finances for 2023–24 was tabled in the Bihar State Assembly on Thursday, highlighting serious lapses in financial accountability.According to the report, 49,649 utilisation certificates (UCs) amounting to Rs709 billion were outstanding as of 31 March 2024. The report noted that in the absence of these UCs, there is no assurance that funds released were actually used for their intended purposes."High pendency of UCs poses a significant risk of embezzlement, misappropriation, and fund diversion," the CAG observed. Notably, Rs145 bil..

InvITs AUM May Cross Rs8 Trillion by FY27
India’s Infrastructure Investment Trusts (InvITs) are entering a fresh growth phase, with assets under management (AUM) projected to exceed Rs8 trillion by FY27, up from around Rs6.3 trillion in FY25. This rise is largely driven by mature InvITs acquiring high-quality infrastructure assets, particularly in the road sector, which is expected to account for nearly 80 per cent of the incremental AUM.While the wave of acquisitions is set to push leverage levels to approximately 50 per cent, credit profiles remain stable, supported by predictable cash flows, long asset lives, and regulatory safeg..