Eight new flying training academies will be set up in five airports with an aim to make India a global pilot training hub, the Ministry of Civil Aviation said on Wednesday. The five airports — Belagavi and Kalaburagi in Karnataka, Jalgaon in Maharashtra, Khajuraho in Madhya Pradesh and Lilabari in Assam — have been carefully […]
Day: June 3, 2021
Mallya case: Banks’ claim of Rs 6,200-cr loss not imaginary, says court
A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffured losses, but it was impossible to conclude the exact “quantifiable loss” at this stage. The court, however, said that the banks’ claim of losses of over Rs 6,200 crore was not “imaginary”. The observations […]
Reliance Infra board meeting on June 6 to consider fundraising
The promoter group companies of Reliance Infrastructure have made a proposal to the Board to infuse fresh equity into the company. Reliance Infrastructure board has convened a meeting on June 6 to consider the proposal and/or any other proposals to raise long term equity resources. Reliance Infrastructure, led by Anil Ambani, already has an construction […]
Sebi frowns on InvITs with too few investors, asks them to expand base
The regulator is more carefully scrutinising applications by infrastructure investment vehicles that have a limited number of investors. They have been asked to broaden their investor base before application approval, according to two people familiar with the matter. The Securities and Exchange Board of India is concerned about the structure being used for getting around […]