Nigam Prusty
Stories by Nigam Prusty
Govt seeks parliament nod for $143m capital injection in Air India
An Air India source said that it had sought $309 million of additional equity for 2018/19 to make pending payments to its vendors.
India’s RCom plans $2.68b asset sale to Jio, Brookfield in next few weeks
The move follows a settlement with Ericsson for partial payment of dues owed by RCom to the Swedish company.
India allows foreign investors to own up to 49% of state-run carrier Air India
Substantial ownership and effective control of Air India must remain with an Indian national, the government said.
