AIR INDIA EXPRESS
Air India seeks Rs 2,400 cr government guarantee to raise funds
Faced with acute financial crunch, Air India has sought Rs 2,400 crore guarantee from the government to raise fresh funds to mainly meet its operational requirements, according to an official.
Govt to sell 100% stake in Air India as part of disinvestment
The government has decided to sell its entire 100 per cent stake in Air India u...
Disinvestment of Air India should improve competition within the aviation sector: IATA official
Moreover, the official said that the Jet Airw...
Govt to sell 100% stake in Air India, says Union minister Hardeep Singh Puri
"AISAM has approved the 100 per cent sale of Government of India stake in Air India for the re-initiated strategic disinvestment of Air India," Minister of State for Civil Aviation Hardeep Singh Puri said in a written reply to the Lok Sabha. The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment.
Privatisation of Indian Railways gathers speed, bidding process for 150 trains by next month
Goyal has asked officials to prepare a plan for introducing 150 new routes, bidding for which will begin next month.
India critical growth market for us: Nippon Express
In September, Nippon acquired a 22% stake in the logistics arm of Future Group for Rs 646 crore. Nippon is focusing on international freight forwarding of cargo arriving in and departing from the country.
At 11.2%, air pax growth returns to double-digits in November
The 12 domestic carriers including full-service carriers Air India and Vistara and budget carriers Indigo, Spicejet, Goair and AirAsia India together had flown 11.6 million passengers in November. The cumulative domestic passenger traffic in the January-November period of the current calendar year stood at 131.11 million up from 126.28 million in 2018.
Ecom Express closes $36 million funding round from CDC
The funding tap is open for a host of ventures looking to scale up game. Post the latest equity financing, its overall staff base will increase to 47,000 over next 12-24 months.
USIBC expresses concern over certain provisions on India's Personal Data Protection Bill
"The bill contains several new provisions outside the core issue of data privacy that raise serious concerns for the private sector, particularly the inclusion of requirements around non-personal data and social media intermediary liabilities," USIBC president Nisha Desai Biswal said.
CDC Group makes $36 million equity investment in Ecom Express
Warburg Pincus-backed Ecom Express is a tech-enabled Indian logistics company.
Future Supply shares rise as CCI approves 22% stake acquisition by Nippon Express
The shares appreciated 5.98 per cent to Rs 529 on the NSE.
In a first, DGCA Certifies Boeing’s Singapore Training Facility for Dreamliner Planes
The official said the clearance would help full service carrier Vistara in inducting Boeing 787 planes early next year since there is only one such facility in India which does not have spare capacity. Approval has been accorded to Boeing training facility in Singapore for 787 type of aircraft.
Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions
Nippon Express will acquire 22% stake through a combination of primary issuance and secondary purchase from an existing investor.
Riots probe report exposes 'conspiracy' to defame Modi: BJP
The commission's report, tabled in the Gujarat Assembly on Wednesday by BJP leader Pradeepsinh Jadeja, gave a clean chit to then chief minister Narendra Modi-led state government for the worst riots in the history of the state where over 1,000 people, mainly of minority community, were killed.
Assam turns into battleground amid anti-CAB protests
Several trains originating from Assam moving along the routes of North-eastern states were cancelled, diverted or rescheduled by the Northeast Frontier Railway owing to massive protests by Assamese residents against the Citizenship (Amendment) Bill that is scheduled to be laid out in Rajya Sabha today.
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