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AIR INDIA RESTRUCTURING
Air India turnaround to take 5-10 years, says Tata Sons' ChandrasekaranTata Sons chairman N Chandrasekaran stated Air India's turnaround will take up to a decade. Mounting financial losses and supply-chain bott...
Supreme Court asks government to spell out CBT plan, pushes NEET reformThe Supreme Court said it will focus on permanent systemic reforms to protect the integrity of NEET rather than temporary measures. The ben...
ET Prime Special Series: Multibagger or IBC - Part 68: Is this company, part of a southern group, getting simpler, or more complicated?A business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first c...
Samsung in rejig mode to boost India play: Company to remove overlapping functions across TV & home appliances unitsSamsung is restructuring its Indian operations to improve profitability in home appliances. This move follows pressure from slowing smartph...
ET Prime Special Series: Multibagger or Bankrupt - Part 65: This auto ancillary is making new moves. Separate signal from noiseThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has s...
HDFC Bank ropes in KKR Managing Director Jigar Shah to head Legal & ComplianceHDFC Bank is set to appoint Jigar Shah as its new General Counsel, bringing over three decades of legal and compliance expertise from the f...
India's underperformance sets stage for recovery, says JM Financial's Deepak GuptaIndian equities are showing signs of a potential rebound, with attractive valuations and improved currency stability, according to Deepak G...
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC sharesPower Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh cror...
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...
Waka Waka! Indian consumer giants seek to roar louder in AfricaIndian consumer firms are significantly boosting investments in Africa, shifting from market entry to large-scale operations. Driven by a y...
West Bengal's Rs 4.39 lakh crore Budget under BJP aims to bury 'syndicate raj', woo investorsWest Bengal's new government unveiled a Rs 4.39 lakh crore budget prioritizing fiscal restructuring and job creation. Finance Minister Swap...
AirAsia X to keep lowering fares as jet fuel prices fallAirAsia X is slashing fares by 5% and reviewing prices weekly as jet fuel costs ease following a U.S.-Iran peace deal. The Malaysian budget...
From West Asia to the Indian Ocean, maritime security challenges are interconnected; Op Sindoor proved readiness, says Navy ChiefChief of Naval Staff Admiral Dinesh K Tripathi highlighted that India's security is increasingly impacted by global events, with maritime s...
Air India’s cabin glow-up is fighting the pressure of a brutal money heatAir India is undergoing a significant fleet overhaul, investing $400 million in refurbishing cabins with new seats, entertainment systems, ...
Air India likely to register cash positive this financial yearAir India has been suffering losses of Rs 5,552.44 cr in 2009-10, Rs 6,865.17 cr in 2010-11 and Rs 7,853 cr in 2011-12.
Air India's Boeing 787 Dreamliners to be inducted in MayThe first of the twenty-seven Boeing 787 Dreamliners ordered by Air India would be inducted in late May, as over 30 pilots are set to begin...
- Air India to raise $1 billion working capital from overseas markets
The move follows the government allowing AI to borrow up to $1 billion annually through the external commercial borrowing (ECB) route.
- Air India needs structural reform not possible under state ownership
The Cabinet’s decision to bail out Air India yet again is proof, if any were needed, that the government is singularly knowledge-proof.
- Air India debt restructuring to put Rs 2,000 cr burden on 14 lenders
Air India's debt restructuring will impose a burden of Rs 2,000 crore on the consortium of 14 lenders, said a senior finance ministry offic...
- Group of Ministers to mull on Air India's restructuring
Ailing Air India's turnaround plan, including restructuring of its massive debt, would come up before a GoM for approval in few weeks.