Export Development Canada (EDC), Canada’s export credit agency, is investing $50 million in an IDFC fund, which would be its single largest equity investment till date. EDC is investing in the proposed $1 billion infrastructure fund, which will provide Canadian companies to invest in opportunities in India. The fund will be managed by IDFC Project Equity Company. It will invest in infrastructure projects involving energy and utilities, transportation, telecommunications and social infrastructure.
Over 2,000 junior doctors working in state-run hospitals in Orissa on Monday announced that they would go on strike from Wednesday as the government was not addressing their demands.
Betting big on India’s potential to emerge among its top five markets in the world, Cola giant Coca Cola on Monday committed to more “incremental” investment on top of the Rs 1,000 crore it is pumping in next three years.