Facing financial difficulties, Jet Airways has said it plans to monetise some of its assets, including the JetPrivilege loyalty programme, which has 8
The state-owned Gulf carrier has long coveted the Indian aviation market, which is the fastest growing in the world
Jain will continue to lead India until a successor is found.
Manipal said it would offer Fortis 180 rupees a share, valuing the company at 94.03 billion rupees ($1.39 billion).
Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.
The sale of its business in SE Asia has given Uber more firepower to compete with its Indian rival Ola.
The government has stipulated the winning bidder cannot merge the airline with existing businesses as long as the government holds a stake. The winner
Uber's decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where
India cleared a proposal in January to allow foreign investors to own up to 49 percent of Air India, opening the way for global airlines to bid.
India is one of Uber’s fastest-growing markets, accounts for over 10 per cent of its trips.
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