Air India cover for $9 billion
Mumbai, Oct. 10: ICICI Lombard General Insurance has won the bid to insure Nacil’s aircraft fleet for $9.1 billion. Nacil runs Air India.“We submitted the bid on September 15. The bids were opened on the 16th and we got the final mandate on September 21,” Rajive Kumaraswami, head (risk & reinsurance), said. The national carrier had called for bids as the earlier $8.9-billion cover was to expire on September 30.
New Delhi, Oct. 10: advanced discussions with the London Stock Exchange group to launch Nifty in the UK. The two bourses are in talks to evaluate options for cross-listing of their key indices (NSE’s Nifty and UK’s FTSE 100 Index) on each other’s platforms.
New Delhi, Oct. 10: Maharashtra and the National Capital Region accounted for over 50 per cent of the foreign direct investment during April-July, the industry ministry’s data showed. Maharashtra attracted the maximum FDI at $2 billion, while Delhi’s NCR, including parts of Uttar Pradesh and Haryana, received $1.71 billion.
Mumbai, Oct. 10: India’s gold imports have zoomed 30 per cent to 34.8 tonnes in September from 26.8 tonnes in the previous month even in the backdrop of skyrocketing prices.
New Delhi, Oct. 10: The government’s 45-member trade advisory board, which includes Anand Mahindra and Pawan Munjal, will meet on October 19 to discuss the export scenario amid persisting sluggishness in the global economy.