Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India
While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month
Representatives from these companies (IndiGo and Etihad) have met government officials and, unofficially, shown interest in the national carrier.
Air India disinvestment: Govt looking to shift more debt out of crisis-hit national carrier's balance sheet before disinvestment
On Monday, Civil Aviation Secretary Pradeep Singh Kharola said the government is working on the debt issue of Air India to make it more attractive to buyers.
Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process
Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt.
Govt plans to transfer BSNL land, loans to SPV to make state-owned teleco debt-free; union alleges undervaluation of assets
The SPV is proposed to sell the land parcel and pay off BSNL debt estimated to be around Rs 15,000 crore.
Air India has a total debt burden of around Rs 55,000 crore
Jet Airways crisis: Monetising privilege points might not shore up the sagging fortunes of cash-strapped airline
Jet Privilege has partnerships with 25 foreign carriers and any member can choose a carrier of choice to fly abroad by redeeming their JPMiles, although taxes need to be paid separately for such flights.
Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscal
The government has been working on ways to revive the fortunes of Air India, which is estimated to have a debt burden of Rs 55,000 crore.
Air India's union representing narrow-body pilots had last month claimed that a majority of its members were defaulting on their bank loans and other financial commitments due to the salary delays.
Ola, which competes against US-based Uber counts among its investors names like Softbank, Tiger Global, Tencent and Sequoia Capital, among others
Air India gets fresh fund infusion from Centre; why govt is unwilling to get out of airline business
Disinvestment of Air India has obviously been too tough to handle. So why not break up the airline – as was envisaged earlier – and at least sell-off in parts
Rajnath Singh stresses on ‘intelligent traffic management system,' security component for smart cities
Rajnath Singh emphasised the need for according priority to the security component in the construction of Smart Cities and said the process should be started at the conceptual stage
Sebi's board is expected to consider an easier set of norms on REITs and InvITs.
The Bihar government has decided to constitute Special Purpose Vehicles (SPV) in a bid to speed up the Patna Metro rail project, state Urban Development Minister Samrat Choudhary said on Friday.
According to the statement, the gross budgetary support from the government for the scheme would be Rs 581.22 crore and the balance Rs 349.74 crore would be contributed by the stakeholder industries.<br />
Officials said the land is also needed by City and Industrial Development Corporation (Cidco) for several important projects.<br />
The Oil Ministry turned down a proposal for setting up of a special purpose vehicle (SPV) for obtaining environment, defence and other statutory clearances to expedite exploration and production of oil and gas proposed by the PMO <br /><br /> <br /><br />