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Newly-appointed directors Y C Deveshwar, Kumar Mangalam Birla hold 'informal' meeting with Air India management
Fp Staff •The meeting comes days after Civil Aviation minister Suresh Prabhu calling for addressing the issue of high finance cost to make Air India profitable.
Air India may face more headwinds as govt backtracks on Rs 30,000 crore second bailout package
Sindhub •The government needs a proactive approach to tackle the mess it has created at Air India.
Air India seeks additional equity of Rs 2,121 from government to make pending payments to its vendors
•Air India owes about Rs 1,800 crore to its vendors, including lessors and banks that have demanded payment from the beleaguered airline, after the government’s unsuccessful efforts to find a buyer for its 76 percent stake.
Union Budget 2017: Air India gets Rs 1,800 cr as equity infusion even as losses pile up
•The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley on Thursday.
Strategic sale of PSUs: When will top loss-makers Air India, BSNL find a mention?
Sindhu •BSNL and Air India together have accumulated losses estimated at over Rs 68,000 crore.
Vodafone India gets Rs 47,700 cr from parent to fight Reliance Jio, retire debt, buy spectrum
Fp Staff •Vodafone's equity infusion of Rs 47,700 crore is believed to be the largest ever in India
Vodafone India touches 200 million customers; celebrates with largest ever equity infusion of Rs 47,700 crore
Tech2 News Staff •Celebrating this big number, Vodafone also announced that it had received an equity infusion of INR 47,700 crore from Vodafone Group in the first half of its current fiscal year.
Auditors red flag SpiceJet finances, warn of complete net worth erosion
Sindhu •This is the second year in row that auditors have warned of a complete net worth erosion, but after the 2011-12 warning, SpiceJet managed to payoff most of its working capital loans and other liabilities.
Budget 2013: Air India to get Rs 5,000 cr equity infusion
Fp Archives •The turn around plan included Rs 30,000 crore equity infusion over a nine-year period starting 2012-13.
Equity infusion in Air India to keep airfares in check: FM
Fp Archives •Air India's losses have been mounting from Rs 5,548.26 crore in 2008-09, Rs 5,552.44 crore in 2009-10, Rs 6,865.17 crore in 2010-11 to Rs 7,853 crore in 2011-12.