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Mittu Chandilya moves court seeking $4 mn in damages from AirAsia, Deloitte

Infrastructure

25 November, 2016

Mittu Chandilya moves court seeking $4 mn in damages from AirAsia, Deloitte

Former AirAsia India CEO Mittu Chandilya has approached a civil court in Bengaluru against the low-cost airline and audit firm ......

Warburg Pincus invests $75 mn in logistics startup Rivigo

Infrastructure

07 November, 2016

Warburg Pincus invests $75 mn in logistics startup Rivigo

Gurgaon-based logistics services provider TrucksFirst Services Pvt. Ltd, which operates Rivigo, has secured $75 million (Rs 500 crore) from private ......

Canada's CDPQ buys into TVS Logistics; KKR and Goldman to exit

Infrastructure

19 October, 2016

Canada's CDPQ buys into TVS Logistics; KKR and Goldman to exit

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest $155 million (more than Rs ......

Air India posts first operating profit since merger with Indian Airlines

Infrastructure

15 October, 2016

Air India posts first operating profit since merger with Indian Airlines

For the first time in a decade, Air India has reported an operating profit of Rs 105 crore in 2015-16, ......

StanChart files criminal complaint against ABG Shipyard, promoter Rishi Agarwal

Infrastructure

10 October, 2016

StanChart files criminal complaint against ABG Shipyard, promoter Rishi Agarwal

Standard Chartered Bank (SCB) has filed a criminal complaint with Economic Offences Wing (EOW) of Maharashtra Police against Mumbai-based ABG ......

IVFA-controlled Inlogistics hires banker for fresh PE deal

Transportation

07 October, 2016

IVFA-controlled Inlogistics hires banker for fresh PE deal

Innovative B2B Logistics Pvt. Ltd, which runs private container trains and offers warehousing services and operates under the banner of ......

Debt laden ABG Shipyard to sell Western India Shipyard

Infrastructure

07 October, 2016

Debt laden ABG Shipyard to sell Western India Shipyard

ABG Shipyard has decided to divest its subsidiary Western India Shipyard Ltd and will invite bids from prospective investors. The decision ......

Regional carrier Air Costa in talks with foreign airlines for strategic stake sale

Infrastructure

05 October, 2016

Regional carrier Air Costa in talks with foreign airlines for strategic stake sale

Air Costa is at "advanced stages" of discussions with foreign carriers, including those from the Gulf, for a possible stake ......

Continental Warehousing files for IPO; Abraaj to exit, Warburg to trim stake

Infrastructure

01 October, 2016

Continental Warehousing files for IPO; Abraaj to exit, Warburg to trim stake

Mumbai logistics company Continental Warehousing Corporation (Nhava Sheva) Ltd has filed its draft red herring prospectus (DRHP) with capital markets ......

Shapoorji Pallonji Group firm Afcons wins court case against Tata Projects JV

Infrastructure

19 September, 2016

Shapoorji Pallonji Group firm Afcons wins court case against Tata Projects JV

Afcons Infrastructure Ltd has scored a legal victory in a case involving a joint venture of China’s Guangdong Yuantian Engineering ......