Rohit Vaid


AirAsia India to expand domestically before int'l operations: CEO

Mar 08 2018

We will first commence flight ops to new domestic destinations and increase frequencies. In all we are looking at starting flights to 4-5 new cities in this year."

Stock markets still over-priced, implies NSE Chief

Mar 06 2018

The valuations in the stock markets are still too high and fundamentals need to catch up with them, according to a top official of NSE.

Crude at $60 conducive to revenue growth: Air India CMD

Jan 19 2018

Crude oil prices at around $60 per barrel is the "ideal" level for Air India to sustain its new-found revenue growth, the airline's CMD Pradeep Singh Kharola said.

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.

AI plans cost management blitz, aims to save around Rs 500 cr

Sep 18 2017

Air India plans to "re-negotiate" its agreements with vendors and suppliers to save operational costs of up to Rs 500 crore with in the shortest possible time period.

Employees' interest to be safeguarded in AI divestment: Raju

Sep 05 2017

The government plans to address the concerns of the national airline's employees and take some "key decisions" for the eventual stake sale in the airline.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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