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Jet set for massive fleet expansion; to order 100 aircraft at Paris Air Show
May 10, 2013 at 14:15 | Source: FirstPost
New Delhi: With money flowing in from Etihad Airways, which bought a 24 percent stake at 32 percent premium to the market price, Jet Airways seems all set for a massive fleet expansion. Aviation consultancy CAPA said today Jet has already confirmed a...
Jet en route to buy 100 aircraft, double fleet
May 10, 2013 at 13:11 | Source: DNA India
Jet Airways, India s second-largest airline in terms of passengers carried, is set to double its fleet to 200 aircraft, following a stake-sale deal with Etihad Airways of Abu Dhabi. According to the Centre for Asia Pacific Aviation India (Capa), Jet...
Jet plans fleet expansion; may order 100 new aircrafts at Paris Air Show
May 09, 2013 at 18:18 | Source: FirstPost
New Delhi: With money flowing in from Etihad Airways, which bought a 24 percent stake at 32 percent premium to the market price, Jet Airways seems all set for a massive fleet expansion. Aviation consultancy CAPA said today Jet has already confirmed a...
May 07, 2013 at 03:36 | Source: Calcutta Telegraph News
Mumbai, May 6: India must take a cue from China and extend an interest subvention (subsidy) on long-term credit provided to its exporters. A working group set up by the Reserve Bank of India to evaluate the facilities and services provided by banks ...
Bank of Canada names Stephen Poloz as new governor
May 03, 2013 at 05:27 | Source: BBC
The Bank of Canada has named long-term bureaucrat and economist Stephen Poloz as its new head, replacing Mark Carney who is going to run the Bank of England. Mr Poloz was a surprise choice as many observers expected Mr Carney's senior deputy, Ti...
Hindalco net profit falls 4%, new units to go on stream next fiscal
Feb 09, 2013 at 20:41 | Source: Financial Express
Mumbai: Hindalco, Aditya Birla Group's flagship company, today reported a 4 per cent fall in net profit at Rs 433.52 crore in the December quarter amid higher finance cost of Rs 169 crore, but sees growth ahead on account of its mega projects going ...
Hindalco net profit dips 4%, new units to go on stream next fiscal
Feb 09, 2013 at 00:47 | Source: Indian Express
Aditya Birla Group's flagship company Hindalco today reported a 4 per cent drop in net profit at Rs 433.52 crore in the December quarter amid higher finance cost of Rs 169 crore, but sees growth ahead on account of its mega projects going on stream n...
Hindalco net profit dips 4%, new units to go on stream next fiscal
Feb 08, 2013 at 23:32 | Source: Financial Express
Mumbai: Aditya Birla Group's flagship company Hindalco today reported a 4 per cent drop in net profit at Rs 433.52 crore in the December quarter amid higher finance cost of Rs 169 crore, but sees growth ahead on account of its mega projects going on...
RIL will hold on to its $14 billion cash, borrow more
Jan 30, 2013 at 12:41 | Source: Economic Times
MUMBAI: Defying analysts' concerns over its $14-billion idle cash and $13 billion of debt, Reliance Industries (RIL) has decided to hold on to its cash reserves, while launching an aggressive borrowing strategy to take advantage of the historical lo...
Twenty stocks in focus in Wednesday morning trade
Jan 30, 2013 at 08:41 | Source: Economic Times
NEW DELHI: Indian shares are expected to trade in a range with a positive bias on Wednesday higher Asian markets. The immediate support level for Nifty is around 6,000. "The Nifty is now expected to head lower till 6000 with resistance around 6111 i...
Etihad Airways records profit for second year running
Jan 24, 2013 at 16:32 | Source: India Infoline
Etihad Airways, the national airline of the United Arab Emirates, was profitable again in 2012. The airline’s President and Chief Executive, James Hogan, made the announcement during his keynote address at the Global Airfinance Conference in Dubli...
Ambani brothers on global fund-raising spree
Dec 27, 2012 at 10:31 | Source: Economic Times
MUMBAI: When it comes to raising cheap finances globally, the Ambani brothers usually take the lead, especially at a time when India Inc is faced with a high interest rate scenario in the domestic market and difficult conditions globally. While Reli...
Canadian agency to grant Hindalco $100 mn for MP project
Dec 08, 2012 at 01:05 | Source: Business Standard
Aditya Birla Group company Hindalco will receive $100 million in financing from Export Development Canada or EDC, the country s export credit agency, for its Mahan Aluminium Project in Madhya Pradesh. The agreement, signed a few days ago, will suppo...
‘Speed is key’ to raising funds abroad
Nov 24, 2012 at 03:32 | Source: The Hindu BusinessLine
IDBI Bank is in the midst of updating its medium term note (MTN) programme for raising funds from overseas markets. The bank has already exhausted its earlier MTN limit of $1.5 billion. Under the updated programme, the public sector bank will raise ...
Moody’s affirms Exim Bank’s Baa3 ratings; outlook stable
Oct 25, 2012 at 02:57 | Source: The Hindu BusinessLine
Moody’s Investors Service has affirmed Export-Import Bank of India (Exim Bank)’s foreign currency long-term deposit, issuer, and senior unsecured debt ratings of Baa3. The Baa3 foreign currency issuer and senior unsecured debt rating is ...
Betting on the Bombardier Q400
Oct 14, 2012 at 22:27 | Source: The Hindu BusinessLine
BL Research Bureau: The Indian aviation sector floundered last fiscal due to high fuel cost and weak pricing power. But low-cost carriers IndiGo, GoAir and SpiceJet — buoyed by expansion in market share and expectations of market growth —...
Why Adani Group is ambitious about Australia coal plans
Sep 26, 2012 at 16:16 | Source: FirstPost
As global mining giants scale back their ambitions in Australia’s coal sector, billionaire Gautam Adani is showing no such caution and plans to push full-steam ahead with a $4.5 billion project in a bet on rising Indian demand. Adani expressed...
JSW to raise Rs 3,000 cr debt for auto steel plant
Jul 14, 2012 at 01:21 | Source: Business Standard
JSW Steel Ltd, the country s lowest-cost steel producer, plans to set up a 2.3 million tonne per annum (mtpa) cold rolling mill complex to manufacture high-grade automotive steel at Toranagallu in Bellary district. The project is being implemented in...
GVK’s Australian coal project to get environmental nod
Jul 03, 2012 at 19:51 | Source: FirstPost
GVK’s $10 billion-Alpha Coal Project is expected to get environmental clearance from Australian Government by the end of this month or early August, the Chairperson of Hancock Prospecting Group Pty Ltd, Georgina Hope Rinehart. GVK paid $1.26 billi...
Hancock project financial closure likely by Q1
Jul 01, 2012 at 22:42 | Source: The Hindu BusinessLine
Hyderabad, July 1: The GVK Group today expressed confidence it would be able to achieve financial closure for the $10- billion ‘pithead to port’ Hancock coal mine project in Australia by the first quarter of 2013. Mr G.V. Sanjay Reddy, V...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
