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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

Quick Heal mops up Rs 134 crore from 10 anchor investors ahead of next week's IPO

from firstpost

Quick Heal mops up Rs 134 crore from 10 anchor investors ahead of next week's IPO

Ahead of its IPO, which opens on Monday, software provider Quick Heal Technologies has raised Rs 133.9 crore through issue of shares to 10 anchor investors, including BNP Paribas Advantage and Relianc...


Govt gets cracking on cheap imports, imposes minimum import price on 173 steel products

from firstpost

Govt gets cracking on cheap imports, imposes minimum import price on 173 steel products

Giving relief to domestic steel producers against cheap in-bound shipments, the government on Friday imposed a minimum import price (MIP) on 173 steel products ranging between $341 to $752 per tonne (...

IMF hopeful of India implementing 'critically important' reforms

from firstpost

IMF hopeful of India implementing 'critically important' reforms

Washington: Bullish on India, IMF chief Christine Lagarde has hoped that the government would be able to implement a series of "critically important" economic reforms including GST for unlea...

ISKCON at 50: How India's bhakti movement manages its finances

from firstpost

ISKCON at 50: How India's bhakti movement manages its finances

Dawn is yet to streak across the horizon but at 4.30 am at The International Society for Krishna Consciousness (ISKCON) temple at Juhu, the air is thick with the fragrance of flowers, burning incense ...

US jobs growth slows in January, but unemployment rate at 8-year low

from firstpost

US jobs growth slows in January, but unemployment rate at 8-year low

U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the la...

Budget 2016: FM to meet state counterparts tomorrow for pre-Budget talks

from firstpost

Budget 2016: FM to meet state counterparts tomorrow for pre-Budget talks

New Delhi: Finance Minister Arun Jaitley will meet his state counterparts tomorrow as part of pre-budget consultation process.The minister, according to sources, may also discuss the preparatory work ...

Budget 2016: FM to meet state counterparts tomorrow for pre-Budget talks

from firstpost

Budget 2016: FM to meet state counterparts tomorrow for pre-Budget talks

New Delhi: Finance Minister Arun Jaitley will meet his state counterparts tomorrow as part of pre-budget consultation process.The minister, according to sources, may also discuss the preparatory work ...