Search Results for: Investment

airasia-india-venture-to-break-even-in-december-later-than-they-expected

AirAsia India venture to break even in December, later than they expected

Bangalore, July 03 (ANI): Malaysian-based budget carrier AirAsia, on Thursday said it expected its India unit to break even in December, later than initially planned, after a delay in plane deliveries and a plan to boost investment in the fleet. The budget carrier, which launched its inaugural flight in India last month, had said it would break even around October. Tony Fernandes, owner and CEO of AirAsia, told reporters that the airline would also invest more money in new planes to raise its scale in India. AirAsia India, a three-way venture between the airline, India's Tata Group and investment firm Telestra Tradeplace, launched its debut flight on June 12. Jul 3, 2014
laurent-fabius-meets-pm-narendra-modi-invites-him-to-france

Laurent Fabius meets PM Narendra Modi, invites him to France

New Delhi, July 1 (ANI): French Foreign Minister Laurent Fabius on Tuesday called on Prime Minister Narendra Modi and discussed ways to strengthen cooperation in key areas such as defense, trade and investment with India expressing keenness on setting up industrial bases for it to boost ties. The visiting minister also extended his President Francois Hollande's invitation to Modi to visit France. Terming his meeting with Modi as "warm", Fabius said he had "positive" talks with the Prime Minister on issues of urban planning, tourism and low-cost defence manufacturing. Jul 1, 2014
france-proposes-1-billion-euro-credit-line-for-india-projects

France proposes 1 billion euro credit line for India projects

New Delhi/ Gurgaon, July 1 (ANI): France proposed to give India a one billion euro credit line to fund sustainable infrastructure and urban development projects, Foreign Minister Laurent Fabius said on Tuesday. The credit line would be available over three years and would be delivered through the French Development Agency, Fabius told reporters in New Delhi. India, which has said it needs $1 trillion of investment by 2017 to upgrade its creaking infrastructure, is keen to attract foreign development agencies and companies to help finance new roads, railways and cities. Jul 1, 2014
A Dassault Rafale fighter jet

French Foreign Minister Pushes for Rafale Deal

French Foreign Minister Laurent Fabius, who is in the country for a two-day visit met with Minister for External Affairs Sushma Swaraj as well as Defence Minister Arun Jaitley, and is said to have pushed for the multi-billion-dollar Rafale jet deal. Jul 1, 2014
Mh. Hamid Ansari

India, China Sign Three Key MoUs

India and China on Monday signed three MoUs—for the establishment of Industrial Parks in five Indian states, sharing flood data on Brahmaputra river and to establish a framework for regular interactions between the two nations. Jun 30, 2014
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