Aditi Shah
Stories by Aditi Shah
SoftBank-backed OYO sees three-fold revenue jump even as losses widen
Indian hotel start-up OYO expects revenue to grow as it expands locally and in international markets.
Jet Airways, bankers to discuss debt restructuring with vendors, lessors
Debt-laden Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees ($215 million) to meet its working c
Etihad in rescue talks with bankers for India’s Jet Airways
Abu Dhabi-based Etihad is also considering raising its stake above the 24 percent it has held since 2013.
Weak stock market may force India to defer Axis Bank stake sale
India was planning to raise 70 billion rupees ($950 million) by selling 4% of its stake in Axis Bank by early November.
TPG, Blackstone said to submit bids for Jet Airways’ stake in loyalty programme
Facing financial difficulties, Jet Airways has said it plans to monetise some of its assets, including the JetPrivilege loyalty programme, which has 8
Qatar Airways rethinks India plans as foreign ownership rules are unclear
The state-owned Gulf carrier has long coveted the Indian aviation market, which is the fastest growing in the world
Uber promotes India president Amit Jain to head of Asia Pacific ops
Jain will continue to lead India until a successor is found.
TPG-Manipal combine offers sweetened bid for India’s Fortis
Manipal said it would offer Fortis 180 rupees a share, valuing the company at 94.03 billion rupees ($1.39 billion).
Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.
Uber doubling down on India investments after exiting SE Asia
The sale of its business in SE Asia has given Uber more firepower to compete with its Indian rival Ola.
