Air India is expecting to get sovereign guarantees for Rs 2,500 crore loans from the government next week. The State-run airline has tied up with 8-9 banks to raise the debt, to cover the shortfall in government funding to shore up its finances, sources in the airline firm said.
India will invest $140 bn to modernise its rail network over the next five years in collaboration with UAE-based sovereign wealth funds. Much of this money will go towards the introduction of new technologies and increasing capacities. India