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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

Tata Group enters e-commerce venture with Tata Cliq, to focus on apparel and electronics

from firstpost

Tata Group enters e-commerce venture with Tata Cliq, to focus on apparel and electronics

India's biggest conglomerate Tata Group launched an e-commerce venture on Friday, as it seeks to cash in on rising purchasing power in a market dominated by deep-pocketed international retailers and s...


30% rise in funding in startups in Q1'16, investors bullish on early stage companies

from firstpost

30% rise in funding in startups in Q1'16, investors bullish on early stage companies

The number of deals as well as the average ticket size has gone up in first quarter of 2016 compared to fourth quarter of 2015. Q116 accounted for the second highest number of deals compared to indivi...

Under stress: Morgan Stanley lowers Flipkart's valuation at under $10 bn

from firstpost

Under stress: Morgan Stanley lowers Flipkart's valuation at under $10 bn

New Delhi: Signalling a tough road ahead for Flipkart, a mutual fund managed by Morgan Stanley has marked down the value of its shares in the Indian e-Commerce major by 15.5 percent, valuing it at und...

Why Subramanian Swamy's Rajan Hatao campaign isn't just a one-man show

from firstpost

Why Subramanian Swamy's Rajan Hatao campaign isn't just a one-man show

Is there a method to Subramanian Swamys quarrel with Reserve Bank of India (RBI) governor Raghuram Rajan that has been hogging headlines in the national media for the last few days?There is no instanc...

TE Connectivity Opens High-Tech Test Competence Center in India to Further Support Automotive Customers and Innovation

from in.com

TE Connectivity Opens High-Tech Test Competence Center in India to Further Support Automotive Customers and Innovation

TE Connectivity Ltd. (NYSE: TEL) (TE), a global leader in connectivity and sensor solutions, today announced the opening of its Automotive Test Competence Center in India.

Tissot Presents Quickster, a Trendy Sports Watch

from in.com

Tissot Presents Quickster, a Trendy Sports Watch

Splitsvilla winners Anuki and Prince visit brand’s Amritsar SIS

Jet Airways' record profit on prudent cost cutting measures, not just benign oil

from firstpost

Jet Airways' record profit on prudent cost cutting measures, not just benign oil

Benign jet fuel prices have helped Indian airlines, and how. Jet Airways, which added no new capacity in FY16, managed to post its first ever annual profit thanks to easy oil prices. But what has been...