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."
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 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.
"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 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.
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.
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
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