Today’s Latest Business News, Finance and Share Market News at 10:00 am on 27 May 2024

News Snapshot:

With a sharp 62% decline in net foreign direct investment to India in FY24 and a looming crisis in finding non-Budget funds to finance infrastructure projects, the Centre is preparing a multi-pronged action plan to attract long-term capital of an additional $50 billion per year from abroad. Patient capital, as both debt and equity, is being sought to be tapped. According to official sources, talks have been initiated with many countries, including the US and key European nations, where finance capital is parked. A complementary plan is to create a couple of Funds under the NIIF to pool investments in...