air india express


Air India's unpaid bills likely to raise its debt figure

Feb 15 2018

Air India's unpaid fuel bills and airport charges are likely to raise its debt figure from current estimate of around Rs 50,000 cr, according to a senior govt official.

Air India sale to go on, but suggestions welcome: Minister

Jan 17 2018

"Suggestions" on Air India's strategic divestment are welcome but the proposed stake sale in the debt-ridden national carrier will go on, Ashok Gajapati Raju has said.

Air India to be split into 4 entities ahead of sale: Bloomberg

Jan 15 2018

India will split state-run carrier Air India into four separate companies and offer at least 51% in each of them as part of a divestment plan proposed by the govt.

Govt should exit Air India completely, says CAPA report

Oct 11 2017

It said that foreign airlines should be allowed to bid for the stake in the loss-making national carrier.

IndiGo says keen only on Air India's international and low-cost units

Jul 06 2017

IndiGo stressed that it was keen to buy only Air India's international operations and its low-cost arm Air India Express, if India does proceed with plans.

Air India Express starts Delhi-Dhaka flight

Feb 16 2017

Air India Express on Thursday launched its services from the national capital to Dhaka.

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US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52



Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share


To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%


RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports


SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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