Air India needs to survive till it is sold, says Lohani as airline runs almost out of funds
The airline had on Monday asked the govt for an immediate sovereign guarantee to raise Rs 2,400 cr loan.
Stanza Living raises Rs 40 crore from Alteria Capital
Founded in 2017, Stanza Living has so far raised $70 million from investors like Falcon...
Govt okays Rs 5,300 cr fund infusion into IIFCL in FY20
Another Rs 10,000 crore will be infused in 2020-21.
Under partial credit guarantee scheme: Govt aims at approving proposals worth Rs 20,000 crore over next two weeks
Govt aims to propel retail which will help pick the economy up from a six-year low growth rate.
Not worried over slow rate of GDP growth: Pranab Mukherjee
Mukherjee, who also served as the finance minister in the UPA government, further said there is nothing wrong in public sector banks needing capital infusion. "I am not worried over the slow rate of GDP growth in the country. Certain things happening will have its impact," he said while addressing an event at the Indian Statistical Institute (ISI).
Zetwerk gets $32 million from Lightspeed, Greenoaks Capital
Zetwerk is a business-to-business marketplace startup which connects large manufacturing companies with vendors and suppliers for customised products that are used as components of industrial machines and equipment.
Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm
PhonePe has seen its losses mount to Rs 1,904.72 crore in 2018-19 from a loss of Rs 791.03 crore for the year ended March 2018. However, its revenue from operations rose manifold to Rs 184.22 crore in 2018-19 as against Rs 42.79 crore a year ago.
Finance ministry unveils detailed presentation on steps taken to boost economy
In a press briefing, the CEA gave a recap of the steps taken by the government to boost the economy.
YES 'looking at' Citax’s $500 mn offer leaves fundraising in doubt
YES Bank came under heavy selling pressure on Tuesday due to uncertainty over fundraising.
CDC Group makes $36 million equity investment in Ecom Express
Warburg Pincus-backed Ecom Express is a tech-enabled Indian logistics company.
Prashant Jain-led HDFC MF exiting top performers, lapping up laggards
The fund house added 10 to 42 lakh additional shares of these companies during the month.
Jaypee homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
On December 7, a committee of creditors (CoC) decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of NBCC Ltd and Suraksha Realty at the same time. The voting process started on December 10 and will continue till December 16.
Deep cyclicals are still some time away from a recovery: Chakri Lokapriya
While India is slowing down, there is a cushion of global support for Indian companies.
CG Power seeks shareholders' nod to borrow up to Rs 5,000 crore to revive business
The company is also seeking external advice on mode and sources of fund raising.
Haier makes a Rs 775 crore bet on Indian arm
The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).
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