India’s largest airline IndiGo expects a recovery in domestic traffic by Q3 of FY22. However, the airline expects a longer recovery period for international which it expects to normalise only by Q4 of current fiscal. IndiGo CEO Ronojoy Dutta said that while in February, passenger traffic had almost reached 80 percent of what it was […]
Day: June 8, 2021
RInfra seeks shareholders’ nod to raise Rs 550 cr on preferential basis
Reliance Infrastructure (RInfra) has sought shareholders’ approval to raise up to Rs 550.56 crore through issuance of shares on a preferential basis. On Sunday, the company’s board had approved a proposal to this effect. “Notice is hereby given to the Members of Reliance Infrastructure Ltd, for seeking consent of members of the company for transacting […]
Suraksha group sweetens offer for Jaypee Infra by Rs 1,298 crore
Mumbai-based Suraksha group has sweetened its offer to the lenders of Jaypee Infratech by Rs 1,298 crore to Rs 7,736 crore. It promised to bring in an additional interim funding of Rs 300 crore to build houses faster for Jaypee customers. This offer was made on Monday to the company’s committee of creditors (CoCs). Jaypee […]