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URGENT CASH INFUSION
Vi makes emergency call to DoT for equity conversions, seeks nod for rejigs to get relief on spectrum, AGR duesVodafone Idea CEO Akshaya Moondra has urged the DoT to permit equity conversion of upcoming AGR and spectrum dues, potentially increasing g...- RBI’s two-way operations to manage funds to sort out liquidity stressA cut in cash reserve ratio (CRR) by 50 bps to 4%, effective from December 14 in two phases, will infuse Rs 1.16 lakh crore into the bankin...
- Vodafone Idea revival plan led by Rs 14,000 crore equity infusionVodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK's Vodafone Group contributing half of...
- Aditya Birla Group in talks with global banks for Vi equity infusionThese funds will be used to part-finance the planned ₹5,000-crore equity infusion by the promoters into Vi, following the Indian government...
- Future Retail's independent directors seek Rs 3,500 crore loan from AmazonAmazon, embroiled in a legal tussle with Future over plans to sell its assets to Reliance Retail, earlier this week opposed FRL's plans to ...
- Vodafone Idea headed for a financial crisis, needs urgent cash infusion: AnalystsThe telecom JV between UK’s Vodafone Plc and Aditya Birla Group had announced a Rs 25,000-crore fundraising plan last September via a mix o...
- Provide financial support to Air India to clear wage backlog: Pilot unions to governmentAir India's pilot unions IPG and ICPA has urged Civil Aviation Minister Hardeep Singh Puri to "urgently" provide financial support to the n...
- India Inc seeks fiscal stimulus, moratorium on debt repayment to mitigate coronavirus impactIndia has already been facing growth deceleration, with GDP growth falling to 4.7% in 3rd quarter of FY2020.
- Naresh Goyal seeks Rs 750 crore lifeline from Etihad, warns delay may ground Jet AirwaysIt can be noted that Etihad board is meeting in Abu Dhabi Monday to discuss the resolution plan for Jet in which it owns 24 percent stake s...
- Aviation Ministry writes to Finmin on Air India distress callThe airline is finding it difficult to conduct operations due to financial problems and rising vendor dues.
- Government to infuse Rs 980 crore as equity in Air India to service debtThe airline has exhausted the money received through this short-term loan. Even after getting these funds, the carrier’s financial position...
- DoT 'unlikely' to recover Rs 6,000-crore Aircel duesThe telco, owned by Malaysia’s Maxis, owes roughly Rs 50,000 crore to all types of creditors, including financial and operational.
- KKR backed Radiant says will not revise its bid before due diligenceAbhay Soi, MD Radiant, said that it will infuse cash into the company by purchasing single asset, and this binding offer can precede post d...
- Govt gets Lok Sabha approval for Rs 80,000 crore PSBs recapitalisation; FM Jaitley promises more reformsNon-performing assets (NPAs) of state-run banks spiked to Rs 6.9 lakh crore at the end of September 2017 from Rs 2.67 lakh crore at the end...
- Infusion means PSU bank mergers may be on back burnerMoney is expected to be used to clean up balance sheets of banks, which could take up to a year.
- Finance ministry defers plan to infuse Rs 14,000 crore in state-run banksThe finance ministry has deferred its plan to infuse Rs 14,000 crore in state-run banks till the next quarter as it wants to assess their n...
- Civil Aviation Ministry 'seeks' Rs 3,500 croreGovernment could not give Air India the entire money committed for this year and "we hope they should be able to give it next year", source...
- PSBs to raise capital through preferential placement of equityThe finance ministry will go in for preferential placement of equity, the quickest mode of raising funds for cash-starved banks, a senior o...
- Jet Airways to generate cash to meet obligationsJet Airways has plans to raise funds partly through the sale and lease back of aircraft to support the loss-making JetLite.
- Air India makes presentation to govt before BudgetCash-strapped Air India on Tuesday made a presentation before Civil Aviation Minister Praful Patel as part of its efforts to seek a financi...
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