Govt plans fund for acquiring overseas coal assets

Last Updated: Friday, May 4, 2012, 13:21

Faced with acute coal shortage, the government is planning to set up a fund, similar to a sovereign wealth fund, to acquire the fuel assets abroad.

RBS stake sale to Abu Dhabi not imminent: Sources

Last Updated: Tuesday, March 27, 2012, 09:43

The UK government is still weighing options for the sale of its 82 percent stake in Royal Bank of Scotland Group PLC (RBS) and no deal is imminent, people familiar with the matter said Monday.

China's $300 bn fund a wake-up call to US, Europe

Last Updated: Wednesday, December 14, 2011, 13:47

China's plan for a new USD 300 billion sovereign wealth fund is as much a warning to Washington as it is a body blow to Brussels.

RBI opposes $20 bn wealth fund from forex reserves

Last Updated: Thursday, October 13, 2011, 21:08

The Reserve Bank of India (RBI) has opposed the creation of a $20 billion sovereign wealth fund, for acquisition of energy assets overseas, out of foreign exchange reserves and wants the government to create the corpus for it from the Budget.

India eyeing SWF, energy deals but RBI objects

Last Updated: Wednesday, July 20, 2011, 18:39

India is considering setting up a sovereign wealth fund with more than USD 10 billion in assets to buy energy assets abroad to feed growing domestic demand, senior government officials said on Wednesday.