Rhik Kundu
Stories by Rhik Kundu
Jet Airways lenders likely to ask for faster repayment of $150m loan
Jet Airways, in which Etihad Airways of Abu Dhabi has a 24% stake, is facing the brunt of sharply higher costs, especially of crude oil, intense compe
JNPT considers buying landmark Air India building for $276m
Air India has a net debt of $7.6 billion, including $2.9-$3 billion of aircraft debt.
Air India seeks to raise $70m debt for working capital needs
The latest fundraiser will exhaust the sovereign guarantee limit of Rs2,000 crore offered by the government to the loss-making airline.
Cash-strapped Jet Airways revives stake sale talks
The fundraising is crucial for the airline, owned 24% by Etihad Airways PJSC of Abu Dhabi, as it faces several challenges including a surge in fuel pr
Idea shareholders approve issue of non-convertible securities
The telephony arm of the Aditya Birla Group is expected to merge with Vodafone India, creating India’s largest telecom operator, in the coming days.
India: Reliance Industries mulls IPO of telecom unit Jio in next 2-3 years
Reliance Jio’s short-term plan is to engage with customers, and continue to add subscribers.
Government back to square one on flag carrier Air India sale
Prime Minister Narendra Modi’s administration is ready to “re-examine” its privatisation process, including a clause requiring a minority state
Fortis invites three independent directors to join its board
Chakraborty had previously served as CEO at SBM Holdings Ltd; Rajagopal is chairman of JM Financial Services Singapore; and, Banerjee has previously
IndiGo no longer interested in acquiring Air India
IndiGo says its interest only lay in Air India’s international flights and Air India Express and not buying the national flag carrier as a whole
India: Bondholders approve RCom’s asset monetisation plan
Through this process, RCom hoped to cut its debt by Rs39,000 crore.