NIIF appoints Rajiv Dhar as CEO & MD on interim basis
ECONOMY & POLICY

NIIF appoints Rajiv Dhar as CEO & MD on interim basis

National Investment and Infrastructure Fund Limited (NIIFL) has appointed Rajiv Dhar, Executive Director & Chief Operating Officer as the Chief Executive Officer & Managing Director of NIIFL on an interim basis, effective May 11, 2023. The planned succession follows Sujoy Bose’s request to relieve him from his current responsibilities as Managing Director and Chief Executive Officer, a position he held since 2016 in the company, stated a company release. NIIFL manages over $4.3 billion of equity capital commitments across its three funds - Master Fund, Fund of Funds, and Strategic Opportunities Fund. NIIF Fund of Funds (FoF) is focused on building a portfolio of private equity funds across diversified sectors and investment strategies.

National Investment and Infrastructure Fund Limited (NIIFL) has appointed Rajiv Dhar, Executive Director & Chief Operating Officer as the Chief Executive Officer & Managing Director of NIIFL on an interim basis, effective May 11, 2023. The planned succession follows Sujoy Bose’s request to relieve him from his current responsibilities as Managing Director and Chief Executive Officer, a position he held since 2016 in the company, stated a company release. NIIFL manages over $4.3 billion of equity capital commitments across its three funds - Master Fund, Fund of Funds, and Strategic Opportunities Fund. NIIF Fund of Funds (FoF) is focused on building a portfolio of private equity funds across diversified sectors and investment strategies.

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Infrastructure Urban

Gurugram to Launch Real-Time Waste Collection App in August

The Municipal Corporation of Gurugram (MCG) plans to introduce an app in August that will provide residents with real-time information about waste collection services. Developed by a private firm, the app will allow residents to track the live location of waste collection vehicles, receive updates on expected arrival times, and monitor the vehicles' proximity to their homes. A research team from a private university in Gurugram has been tasked with identifying features to enhance the app's efficiency and transparency in waste management. Their findings, expected within 15 days, will be reviewe..

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Infrastructure Transport

South India's First Double-Decker Flyover Opens for Trial Run

South India's first double-decker rail-cum-road flyover was partially opened for a trial run officials announced. Deputy Chief Minister and Bengaluru Development Minister D. K. Shivakumar conducted a 'trial walk' on the newly built flyover, which extends from Ragigudda to Central Silk Board and forms part of the Yellow Line of the Bengaluru Metro. Transport Minister Ramalinga Reddy and other officials also participated in the event. Constructed by the Bangalore Metro Rail Corporation Limited (BMRCL) at a cost of Rs 4.49 billion, the flyover is currently open for vehicular movement on only one ..

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Infrastructure Transport

GMDA to Reconstruct Key Gurugram Road and Build Flyover

The Gurugram Metropolitan Development Authority (GMDA) announced plans to reconstruct a major master sector dividing road from the Dwarka Expressway junction with Sector 86 Road to IMT Manesar at a cost of ?600 million. This road, currently in severe disrepair, will pass through Sectors 84/88, 85/89, 86/90, and 87/92. Additionally, GMDA will build a ?590 million flyover at Dadi Sati Chowk in Sector 86. "The road will be reconstructed similar to Rampura Road, and the tender for this has been floated," stated Arun Dhankhar, GMDA's chief engineer. Special repairs for major roads across Gurugram a..

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