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Jet Airways India Ltd, the carrier part-owned by Etihad Airways PJSC, is seeking to raise about $300 million to fund expansion on international routes, people with knowledge of the matter said. India’s second-largest airline by passengers, has started talks on a potential equity fundraising from investors other than Etihad, the… Read more »
AirAsia India CEO Amar Abrol declines to reveal exact amount, says the funding is a step towards expanding fleet and starting overseas operations
In July, Tata Steel had said it had entered into talks with companies, including diversified industrial conglomerate Thyssenkrupp, on a possible joint venture in Europe, after reviewing bids on the UK assets that the Indian steelmaker had planned to sell.
“We have no immediate plans for an initial public offer (IPO) for Tata Technologies. However, we will explore various options in the future,” Cyrus P. Mistry, non-executive director and chairman at Tata Motors said.
Nimesh was part of the legendary 3 Ks of the Indian investment banking scenario in the late 1990s and early 2000s, when foreign investment banks were yet to establish themselves in the country.
Adani Wilmar Ltd is planning to diversify into food business and value-added edible oil as the 50:50 joint venture of the Indian conglomerate Adani Group and Singapore’s agricultural business group Wilmar International Ltd is aiming at a compounded annual growth rate of 25% in the next five years.
Debt-laden Jaypee Group, which has so far sold power assets worth Rs.11,900 crore, may get luckier and get more funds as it enters into discussions with JSW Group for selling its stake in Jaypee PowerGrid Ltd.
The VC fund will enable MSMEs to access funds to secure the technologies the country needs and thus contribute to the growth of Indian defence manufacturing and exports, so far crimped by a lack of access to funds.
The board meets at a time when Jaypee Group’s key divestment—selling its cement business to Ultratech Cement Ltd for Rs.15,900 crore—has run into a snag over its failure to meet some commitments linked to the transaction.
This transaction marks Essar Energy’s complete exit from KPRL, which operates a 4 million tonne oil refinery in Mombasa, Kenya