Go Airlines (India) Ltd, which runs low-fare carrier GoAir, is waiting to hear from plane maker Airbus SAS on the delivery schedule of its fuel-efficient A320neo jets before deciding on the timing of a proposed share sale.
GoAir is expected to start taking delivery of its first A320neos by May and is expected to take delivery of at least 10 of the jets in the next financial year, according to two people aware of the situation, who spoke on condition of anonymity.
This transaction follows parent Siemens AG’s global strategy of managing its healthcare business under a separate company.
Ajay Piramal-controlled Piramal Enterprises Ltd’s step-down wholly-owned subsidiary in the US, Decision Resources Group (DRG), has acquired 100% of Adaptive Software Llc for $24.5 million. The Adaptive acquisition offers DRG a direct entry into the healthcare payer ecosystem, which expands DRG’s addressable market opportunity. In its filing to stock exchanges,… Read more »
The rapid unravelling of the Mallya empire has been well documented, but didn’t seem likely a few years ago. Until the downfall of Kingfisher, Mallya built an enviously successful conglomerate over more than two decades of canny deal-making. Advancing years, a momentous failure in the airlines business, a wilful defaulter status, allegations of financial irregularities may have forced Mallya to leave and lie low.
Sebi is examining the fine print of Vijay Mallya’s deal with Diageo and is also looking at trading patterns in United Spirits’ stock
UK firm has greed to drop all charges of irregularities under Mallya’s watch. Male, who has been declared as declared wilful defaulter by some of India’s leading banks, has also agreed to a global (excluding United Kingdom) five-year non-compete arrangement with Diageo.
Debt-burdened GVK Group has been exploring several options to raise money including an initial public offer (IPO) and selling a strategic stake to private equity firms.
The company is looking to expand its presence in Maharashtra and West Bengal in India and is scouting for opportunities in Sri Lanka, Bangladesh, the US, Europe, and Australia.
Mukesh Ambani, owner of the world’s largest crude oil refining complex, on Sunday said global oil prices are likely remain low for at least three-to-five years, benefiting net importers such as India. Ambani, the chairman of Reliance Industries Ltd (RIL), also said the energy-to-telecom conglomerate will launch its fourth-generation (4G)… Read more »
An official says government has identified 25 projects that it plans to throw open to the industry