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Canada Pension Funds may drive in Rs 4000 crore to India

Canada Pension Funds may drive in Rs 4000 crore to India

Finance
Canada-based pension funds PSP Investments and Ontario Teachers’ Pension Plan (OTPP) are in talks to invest Rs 4,000 crore in an investment platform co-promoted by the government of India-sponsored National Investment and Infrastructure Fund (NIIF), persons directly familiar with the matter said. The funds could invest in a special purpose vehicle (SPV) floated by NIIF to fund toll and annuitybased road projects, they said. The three parties are currently negotiating the structure of the partnership, which could entail the creation of a supervisory board in which the funds will have representation. The board will monitor investments made by the SPV. NIIF may invest a similar amount of money in the SPV to acquire a proportionate equity holding in the investment platform or may rope in ot
Wilko opens redundancy talks with nearly 4,000 staff

Wilko opens redundancy talks with nearly 4,000 staff

Business
High-street retailer Wilko has begun a redundancy consultation with nearly 4,000 staff members as it reorganises its business.Up to 1,000 senior supervisor roles and a "significant amount" of customer service posts will be created under the plans, the firm said.The chain, whose headquarters is in Worksop, saw pre-tax profits fall 80% to £5.1m, in the year up to 28 January.The GMB trade union is also being consulted over the changes.The firm, which sells homeware and household goods, has more than 400 stores across the UK.'Not positive results'Retail director Anthony Houghton said the changes would help it "stay relevant" to customers.He added like-for-like sales had increased "despite the challenging retail landscape", but said this was "not translating into positive results".Wilko's move