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A Deal Made in Sheffield with a Local Cast

A Deal Made in Sheffield with a Local Cast A company which is a world leader in its field is poised for significant growth following a management buyout from the University of Sheffield, which has concluded alongside fundraising to take the company to its next phase of growth. Castings Technology International Ltd (CTI) is a world-leading provider of manufacturing, technology, expertise and services to the cast metals sector and global supply chain. The company has completed a £2m fundraising, backed by Mercia Asset Management, via the Northern Powerhouse Investment Fund and Nucleus Commercial Finance, and at the same time has been ‘spun off’ into the ownership of the management team.

Johnson & Johnson goes for emergency approval as Kentucky preps to open more vaccinations

Indian exporters welcome infrastructure-heavy budget as government readies rollout of new DFI

The Indian government has pledged to pump US$2.7bn into a new development finance institution (DFI) as part of plans to galvanise infrastructure spending and help the country bounce back from the deleterious effects of Covid-19. The announcement was made in the country’s annual budget earlier this month, with India’s finance minister Nirmala Sitharaman stating that she would introduce a bill for setting up the new DFI with a starting capital of roughly Rs200bn. The ambition is to have a lending portfolio of at least Rs5tn (approximately US$69bn) in three years’ time, with the DFI also expected to play a role in funding the government’s National Infrastructure Pipeline (NIP).

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