Mumbai, Dec. 22: Air India plans to raise up to $840 million through the sale of its seven Boeing 787-8 Dreamliner planes, which it will then lease back, to pay off the bridge loans taken against these aircraft. A part of the proceeds will also be used for operational requirements, sources said. The carrier has already taken the delivery of 11 Dreamliners and three more are expected to join the fleet by March.
Mumbai, Dec. 22: Investors aggreived by the actions of brokers or other market entities can look forward to an upfront interim relief payment, even if the arbitration award decided in their favour gets into an appeal, Sebi chief U.K. Sinha said.
New Delhi, Dec. 22: The country’s corporate bond market, which stands below 5 per cent of the GDP, has the potential to reach to 15 per cent during the 12th Five-Year Plan (2012-17) on the back of policy and regulatory reforms, according to a CII survey.
New Delhi, Dec. 22: The coal ministry has slapped a showcause notice on 14 firms, including Jindal Steel & Power Ltd and Hindustan Zinc, for delay in the development of coal mines allocated to them for captive use.
New Delhi, Dec. 22: Indirect tax collections grew 5 per cent in the April-November period of this fiscal. Total collection of indirect taxes stood at about Rs 3,07,568 crore during the first eight months of 2013-14 against Rs 2,93,145 crore in the year-ago period.
New Delhi, Dec. 22: In a move that could usher in more competition in the power sector, the government is working on a proposal where separate entities will handle electricity supply and distribution.
New Delhi, Dec. 22: Reposing their faith in Indian markets, foreign investors have made net inflows of Rs 1.10 lakh crore (nearly $20 billion) in stocks here during 2013, while taking their cumulative investments in the country’s equity market to a record level of around $150 billion.
