Search Results for: disinvestment

Air India Airbus A320 passenger aircraft.

Air India turnaround: Will debt SPV and fresh equity infusion save national carrier?

Is debt reduction alone a panacea for the ills of the airline? Higher fuel bills, bloated operational costs, rising staff costs and tightening competition all will make the ride choppier for the airline

Nov 5, 2018

Centre owes Rs 1146 crore to cash-strapped Air India for VVIP charter flights: RTI reply

According to the details furnished by the Air India on September 26 to applicant Commodore Lokesh Batra (retd), the Defence Ministry has outstanding bills of Rs 211.17 crore, Cabinet Secretariat and PMO Rs 543.18 crore and External Affairs Ministry Rs 392.33 crore.

Sep 30, 2018

Trouble mounts for debt-laden Air India as oil companies threaten to stop fuel supply

The OMCs have raised the demand after Air India paid the outstanding amount to the foreign and Indian lenders including other vendors. These dues were paid after the central government injected capital into the cash-strapped national carrier.

Sep 20, 2018

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Wholesale inflation drops to four-month low of 4.53%

India's annual rate of inflation based on wholesale prices eased to 4.53 per cent in August from a rise of 5.09 per cent in July, official data showed on Friday.

Sep 14, 2018

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

JNPT to rescue Air India; may buy iconic Mumbai building for Rs 2,000 crore

The national carrier has witnessed a muted response from the potential investors in the recent privatisation attempt.

Sep 10, 2018

economic survey 2017, air india, air india privatisation, air india employees, air india net profit, air india plf, domestic air traffic, spicejet, jet airways

Air India gets another lifeline as govt decides to infuse additional Rs 980 crore

A major part of these funds - around Rs 550 crore - will be used to service interest on non-convertible debentures (NCDs) that are due in September.

Aug 31, 2018

Nauroji Nagar World Trade Centre Project stalled by Delhi High Court until further orders

The court has also stalled the seven redevelopment projects in South Delhi till further orders and asked the NBCC to submit a new plan within 2 weeks if they wish to continue the construction.

Aug 31, 2018

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Central Govt to speed up disinvestment process to achieve Rs 80,000 crore target

For the financial year 2019, the government has just managed to raise Rs. 9,200 crore as opposed to the target set at Rs. 80,000 crore. It still needs to generate an additional Rs. 50,000 crore to achieve Rs. 59,000 target by year-end.

Aug 27, 2018

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How an Indian woman took a multinational company to new heights: Here is Indra Nooyi's success story

Born in a traditional Tamil speaking family in Chennai, Nooyi joined PepsiCo in 1994 and was chosen as Chief Financial officer in 2001. Impressed by her performance, the company made her the CEO in 2006.

Aug 7, 2018

Banks, lessors serve default notices to debt-ridden Air India

The country's national carrier has failed to generate enough profits to cover the interest it has to pay on its whopping Rs. 466.69 billion debt.

Jul 30, 2018

Air India's latest woes: Bed bugs in Business Class

Several passengers have complained of bed bugs aboard the Business Class flight from Newark to Mumbai, forcing the airline to fumigate the plane.

Jul 24, 2018

IRCTC ticket sales online railway ticket sales Indian Railways

Railways planning to mine your data, here's what they can do with it

Railways Minister Suresh Prabhu hinted at a possible disinvestment of the service to mine the over 100 terabytes of data to improve its services. The government is also considering opening up the data to third-parties.

Jul 18, 2018

Air India seeks short-term loans worth Rs 1,000 crore to stay afloat, but for how long?

After a flop show of the majority stake sale, AI has sought for Rs 1,000-crore STLs as it struggles to stay afloat amidst mounting debt.

Jun 8, 2018

Despite too much debt, Air India still attractive to foreign bidders

Acquiring Air India will help foreign carriers compete with fast-growing domestic rivals like Spicejet and IndiGo.

Apr 12, 2018

HAL, Light Combat Helicopter, LCH, DefExpo 2018

HAL IPO: 10 points to note before subscribing the issue

India's state-owned defence firm Hindustan Aeronautics Ltd is looking to raise Rs 4,200 crore through the initial public offering.

Mar 16, 2018

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