Jet Airways on Wednesday said that recent disruption in its operations was due to a scheduled termination of an aircraft lease and for carrying out an engine normalisation exercise. The airline said that the cancellation of a few of its flights is of a temporary nature and not related to the ongoing financial crisis.
Category: Business Line
Business Line
Air India arm’s sell-off may begin in 10 days
The Preliminary Information Memorandum for the sale of Air India Transport Services Ltd (AITSL), a subsidiary of Air India, is likely to be issued in 10 days, said a senior government official on Wednesday.
Infrastructure Debt Funds may need to borrow Rs. 6,000 crore in 2019 H2: ICRA
Infrastructure Debt Funds (IDFs), the investment vehicles for facilitating long-term debt for the infrastructure sector, will need additional borrowings of around Rs. 4,500–6,000 crore in the second half of current financial year to grow at 40-50 per cent and refinance the maturing debt, ICRA said in a report.
Coal India to raise Rs. 1,065 cr via 3 buybacks
Coal India will raise around Rs. 1,065 crore through three buybacks of Rs. 355 crore each to its three subsidiaries.
India’s infra financing cost likely to increase: AIIB
China-led Asian Infrastructure Investment Bank (AIIB) expects the cost of infrastructure financing in India to increase over the next one year.
Venezuela targets Guaido with probe, travel ban, asset freeze
Venezuela’s government struck back at self-declared interim president Juan Guaido on Tuesday, with the Supreme Court imposing a travel ban and freeze on his bank accounts despite a warning from Washington of “serious consequences” if it did so.
Just 4% of LPG users have opted out of subsidies
Of the 24.72 crore active LPG domestic customers, just 1.03 crore, or 4 per cent, have responded to Prime Minister Narendra Modi’s appeal to voluntarily give up their LPG subsidy.
IOC seeks commissioning cargo for new Ennore LNG terminal
Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in South India, two industry sources said on Wednesday.
KEC International bags orders worth Rs. 2,105 crore
KEC International, an infrastructure Engineering, Procurement and Construction (EPC) major and a part of RPG Enterprises, has announced securing orders worth Rs. 2,105 crore across various businesses.
Solar duty fails domestic producers as demand languishes
India’s bid to protect its solar-equipment makers by imposing a safeguard duty on cheap, Chinese imports has failed, according to domestic manufacturers, who are campaigning for tougher measures.
New land-allocation policy of Gujarat govt for renewable energy projects rattles developers
Renewable energy project developers who had bid for projects in Gujarat are nonplussed by the State recently notifying a new land allotment policy.
Kerala plans to make use of airports for tourism push
In a bid to promote tourist footfalls in Kerala, the State, which now has four international airports, is planning to create awareness among travellers about its lesser known micro destinations.