Search Results for:PR Sanjai

India: Jet Airways likely to raise $300m for expansion on international routes

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 set to get fresh funds for expansion drive

AirAsia India CEO Amar Abrol declines to reveal exact amount, says the funding is a step towards expanding fleet and starting overseas operations


Germany’s Thyssenkrupp still in talks with Tata Steel for possible Europe JV

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.


India: Tata Technologies has no plans to hit IPO route yet

“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.


India’s ace dealmaker Nimesh Kampani calls it a day, to step down as JM Financial chairman

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 to diversify into value-added food business, tap Asian markets

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.


India: Jaypee Group in talks to sell stake in power transmission unit

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.


India considering venture capital fund to invest in small defence firms

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.


India: Jaypee Group to review divestment, strategic debt rejig plans today

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.


India: Essar Energy sells entire 50% stake in KPRL to Kenyan govt

This transaction marks Essar Energy’s complete exit from KPRL, which operates a 4 million tonne oil refinery in Mombasa, Kenya