capital loans

Air India makes cash surplus, hopes for a turnaround


September 12th, 2012 - 7:27 pm ICT by IANS
New Delhi, Sep 12 (IANS) Air India Wednesday reported a cash surplus of Rs.48 crore during April-July 2012, reducing the net losses of the financially-stressed airline.The national carrier had a ... Read more...

Posted in Business |

Air India to raise Rs.7,400 crore in three months


July 16th, 2012 - 5:52 pm ICT by IANS
New Delhi, July 16 (IANS) Cash-strapped national carrier Air India is expected to generate Rs.7,400 crore (over $1,640 million) by issuing government-backed non-convertible debentures (NCDs) within the next three months, ... Read more...

Posted in Business |

Aviation industry rocked despite traffic growth (2011 in Retrospect)


December 26th, 2011 - 2:25 pm ICT by IANS
New Delhi, Dec 26 (IANS) Despite a 17-percent growth in passenger traffic, India's civil aviation industry hit turbulent weather in 2011 with rising jet fuel and interest costs eating ... Read more...

Posted in Business |

Air India owes Rs.43,777 crore: Ravi


November 24th, 2011 - 9:01 pm ICT by IANS
New Delhi, Nov 24 (IANS) National carrier Air India currently has a total debt of Rs.43,777 crore, including loans and dues it owes to vendors like oil firms and airport ... Read more...

Posted in Business |

Jet Airways reports Rs.713.60 crore Q2 net loss


November 11th, 2011 - 11:31 pm ICT by IANS
Mumbai, Nov 11 (IANS) Airline major Jet Airways Friday reported a net loss of Rs.713.60 crore in the second quarter of 2011-12 from a net profit of Rs 12.40 crore ... Read more...

Posted in Uncategorized |

India Inc. business confidence hits two-year low


August 28th, 2011 - 2:35 pm ICT by IANS
New Delhi, Aug 28 (IANS) Business confidence of India Inc. has hit a two-year low on rising cost of capital due to aggressive monetary tightening by the Reserve Bank of ... Read more...

Posted in Business |

Air India may slash routes to reduce losses


August 26th, 2011 - 4:54 pm ICT by IANS
New Delhi, Aug 26 (IANS) State-run carrier Air India plans to shut operations on several loss-making routes to reduce expenditure and improve cash flow as the company's outstanding liabilities ... Read more...

Posted in Business |

Unions back Air India finacial restructing plan


July 26th, 2010 - 8:12 pm ICT by IANS
New Delhi, July 26 (IANS) Twelve employees unions of Air India have backed the national carrier's financial restructing plan, a member of the airline's board of directors said here Monday. "We have received ... Read more...

Posted in Business |

No job cuts, Air India recovering: Praful Patel (Lead)


July 25th, 2010 - 11:06 pm ICT by IANS
Mumbai, July 25 (IANS) National carrier Air India is on the path of strong recovery and there would be no job or wage cuts, Minister of State for Civil Aviation Praful Patel ... Read more...

Posted in Business |

$400-mn World Bank loan for India’s small, medium enterprises


May 1st, 2009 - 2:11 pm ICT by IANS
Washington, May 1 (IANS) The World Bank has approved a $400 million additional financing loan to the Small Industries Development Bank of India (SIDBI), designed to improve access to finance for small ... Read more...

Posted in Business |

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