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New Delhi: Air India Ltd is seeking a bridge loan of up to $230 million for taking delivery of two Boeing 787 Dreamliner aircraft from an ongoing order, according to a tender document on the carrier's website.Air India, which is due to take delivery of two 787 aircraft in February and March, has invited offers from banks or financial institutions to arrange the bridge financing for a period of six months to one year.The state-run airline is offering the aircraft as security, and will repay the loan after it concludes a sale and leaseback arrangement, it said, adding there will be no government guarantee for the loan.The two new aircraft will take Air India's Dreamliner fleet to 14 by March. The carrier currently operates 11 of the jets and has a total 27 on order.Reuters

Sensex ends up 142 points on expiry day; pharma, PSU banking shares shine

from firstpost

Sensex ends up 142 points on expiry day; pharma, PSU banking shares shine

Domestic equity markets extended gains for the second straight session on Thursday, as investors covered more short positions on the last day of the current month's (July) F&O expiry triggerin...


NTPC Q1 net profit down 3% to Rs 2,135 cr, low power demand hurts

from firstpost

NTPC Q1 net profit down 3% to Rs 2,135 cr, low power demand hurts

New Delhi: State-run NTPC today posted Rs 2,135.35 crore standalone profit, down about 3 percent, for the quarter ended on 30 June, mainly on account of low demand of electricity.Its net profit for th...

Answer these ten questions to know why you need a financial plan

from firstpost

Answer these ten questions to know why you need a financial plan

In today'sworld,each one of us is constantly trying to be updated with the latest in technology, gadgets, knowledge, lifestyle etc. Competition is fierce all around us and the urge to professionally o...

ICICI may be facing asset quality headwinds; Ambit flags off risky exposure to single company

from firstpost

ICICI may be facing asset quality headwinds; Ambit flags off risky exposure to single company

Its not just the battered state-run banks of the country, the pain emerging from high bad loans seems to have gripped ICICI Bank, Indias second largest lender by assets, too, if one goes by the signal...

French major BNP Paribas to take over Sharekhan, seeks to expand India footprint

from firstpost

French major BNP Paribas to take over Sharekhan, seeks to expand India footprint

Mumbai: French banking major BNP Paribas today reached an agreement with the shareholders of Sharekhan to acquire 100 percent equity stake in the Indian brokerage for an undisclosed amount.The move wi...

In-memory data management environment: How to start, what to know

from firstpost

In-memory data management environment: How to start, what to know

By Vikram KMost of us dont need to be reminded how much useful data there is for the taking. And most businesses also know that if they arent using the data they collect in some kind of intelligent wa...

In-memory data management environment: How to start, what to know

from firstpost

In-memory data management environment: How to start, what to know

By Vikram KMost of us dont need to be reminded how much useful data there is for the taking. And most businesses also know that if they arent using the data they collect in some kind of intelligent wa...