In a clear indication that lenders are set to get a larger say in the running of debt-laden Jet Airways, the airline on Monday said it would seek shareholders’ approval to convert existing debt into equity.
Category: Business Line
Business Line
Boeing sees a UDAN lift, but seeks higher fares for breakeven
Aircraft maker Boeing expects the UDAN scheme to be beneficial for the company, but is concerned about the slowdown in the growth of Indian airlines.
PSBs were more prudent lending to IL&FS: Kotak
Public sector banks (PSBs) have been far more prudent in their lending to the IL&FS Group as they lent against escrowed cash flows in the operating companies, according to Uday Kotak, Non-Executive Chairman of the government-appointed nine-member board of directors of the beleaguered infrastructure development and finance company.
IL&FS Ethiopia crisis: Court cases block bank from releasing payment
The Indian employees of IL&FS in Ethiopia continue to be held hostage as the Commercial Bank of Ethiopia (CBE) is not releasing the payment to secure their release owing to pending court cases of local contractors with IL&FS.
Saudi Aramco to pay $1.6 bn for stake in S.Korea’s Hyundai Oilbank
State-owned Saudi Aramco plans to buy a stake of up to 19.9 percent of South Korean refiner Hyundai Oilbank from Hyundai Heavy Industries Holdings , for 1.8 trillion won ($1.61 billion), driving up shares of the parent 6.6 percent.
Coal India’s supply to power sector up 8% in Apr-Dec 2018
State-owned Coal India supplied 360 million tonne (MT) coal to the power sector during April-December 2018, an increase of 7.9 cent over the year-ago period, according to official data.
India’s 2018 thermal coal imports grew at fastest pace in 4 years: Sources
India’s 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi’s government to cut imports in a bid to reduce its trade deficit.
Are States’ rules undermining the Centre’s coal mine auction goals
States insisting on fresh environmental and forest clearance delay monetisation of auctioned blocks
Domestic crude output down 4.3% in December
India’s domestic crude oil production dipped 4.3 per cent while gas production was 4.19 per cent higher in December 2018, compared with December 2017.
RPower net down 32.5% to ₹189 cr in December quarter
Reliance Power on Thursday reported a 32.47 per cent decline in consolidated net profit to Rs 189.30 crore in the December 2018 quarter, mainly on account of lower revenues.
Transport, power and renewable energy topped deal making in 2018
Transport, power and renewable energy dominated dealmaking during financial year 2017-2018 and will likely continue to do so in 2018-19 too, according to a report by Inframation deals.
EESL plans to introduce trigeneration gas engines
The Energy Efficiency Services Ltd (EESL) is planning to introduce trigeneration gas engines of about 60 MWs for corporate and industrial clients in the country, a top official told media persons on Thursday.