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Indian airlines take hit as govt suspends inbound visas to stem coronavirus spread

Infrastructure

12 March, 2020

Indian airlines take hit as govt suspends inbound visas to stem coronavirus spread

Indian airline share prices tumbled on Thursday after the government moved to restrict travel into the country in an effort ......

Grapevine: Everstone looks to sell IT firm Everise; Adani may bid for Air India

General

25 February, 2020

Grapevine: Everstone looks to sell IT firm Everise; Adani may bid for Air India

Private equity firm Everstone Capital has decided to sell its Singapore-based IT services firm Everise Holdings for about $300 million, ......

CCI finds no proof of cartelisation among IndiGo, SpiceJet and others

Infrastructure

19 February, 2020

CCI finds no proof of cartelisation among IndiGo, SpiceJet and others

Investigators with India’s antitrust watchdog have found no evidence that the country’s biggest airline, IndiGo, and four rival carriers colluded ......

Govt calls for bids to sell entire stake in Air India

Infrastructure

27 January, 2020

Govt calls for bids to sell entire stake in Air India

India said on Monday it plans to sell its entire stake in Air India, in a revised push to sell ......

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Slowing growth, widening deficit hint at tough choices for upcoming Budget

Economy

20 January, 2020

Slowing growth, widening deficit hint at tough choices for upcoming Budget

As she gets ready to present her second full Budget, finance minister Nirmala Sitharaman will have more than just fiscal ......

Banking, transport services disrupted as trade unions go on strike

Economy

08 January, 2020

Banking, transport services disrupted as trade unions go on strike

Tens of thousands of workers affiliated to trade unions led a strike in parts of India on Wednesday, disrupting transport ......

Grapevine: IndiGo, Etihad circle Air India; Hinduja Group eyes Jet Airways

General

31 December, 2019

Grapevine: IndiGo, Etihad circle Air India; Hinduja Group eyes Jet Airways

IndiGo, India’s largest airline by market share, and Abu Dhabi-based Etihad Airways have shown interest in ailing national carrier Air ......

Air India will have to shut if not privatised: Minister

Infrastructure

27 November, 2019

Air India will have to shut if not privatised: Minister

India’s state-run airline will have to cease operations if it is not privatised, the country’s junior minister for civil aviation ......

Govt plans strategic stake sales in 28 state-run companies

Economy

18 November, 2019

Govt plans strategic stake sales in 28 state-run companies

India’s cabinet has given ‘in-principle’ approval for the sale of strategic stakes in 28 state-run companies including state carrier Air ......

Grapevine: Multiples may lead Kissht funding; govt to invite bids for Air India soon

General

09 October, 2019

Grapevine: Multiples may lead Kissht funding; govt to invite bids for Air India soon

Multiples Alternate Asset Management Pvt. Ltd is in talks to lead a $60 million (about Rs 427 crore at current ......