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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

Sahib Rangers Owned by Sahib Realty Emerges as the Most Powerful Team at TPL Auctions Held in Presence of Legendary Cricketer Vinod Kambli

from in.com

Sahib Rangers Owned by Sahib Realty Emerges as the Most Powerful Team at TPL Auctions Held in Presence of Legendary Cricketer Vinod Kambli

Touted as the most powerful team amongst the eight teams of TPL (Tony Premier League - Lets make Bandra fit), “Sahib Rangers” owned by ShekarTolani of Sahib Reality and Co- Owner Danish successfully chose some of the best budding cricketing talent in the city at the auctions held in Mumbai.


Union Budget overhaul ends British legacy but will throw up major challenges on data

from firstpost

Union Budget overhaul ends British legacy but will throw up major challenges on data

The Union Budget for FY18 will be very different from the ones presented hitherto. Three changes have been accepted by the Cabinet which will have far reaching implications for the way in which fiscal...

Retail, QIBs help ICICI Prudential Life IPO subscribe nearly 2 times

from firstpost

Retail, QIBs help ICICI Prudential Life IPO subscribe nearly 2 times

New Delhi: ICICI Prudential Life Insurance's IPO, the first by an insurer in India, has been oversubscribed nearly 2 times till afternoon trade on the last day of the offer Wednesday.The IPO received ...

Flipkart crosses 100 mn customers; first e-commerce company in the country to hit the milestone

from firstpost

Flipkart crosses 100 mn customers; first e-commerce company in the country to hit the milestone

New Delhi: Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. The Bengaluru-based company has dou...

Online furniture marketplace Pepperfry raises Rs 210 cr from Goldman, 3 others

from firstpost

Online furniture marketplace Pepperfry raises Rs 210 cr from Goldman, 3 others

Pepperfry, the country's online furniture marketplace, said on Wednesday it had raised Rs 210 crore ($31.3 million) from existing investors including Goldman Sachs Group Inc in a new round of funding....

US Fed likely to keep interest rates unchanged, could hint at year-end hike

from firstpost

US Fed likely to keep interest rates unchanged, could hint at year-end hike

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday amid tepid inflation and recent weak economic data, but could signal an increased likelihood of a hike by the end of ...

Sebi tells mutual fund housesto disclose absolute commission paid to distributors

from firstpost

Sebi tells mutual fund housesto disclose absolute commission paid to distributors

With an aim to bring in greater transparency in dealings of mutual funds, markets regulator Sebi asked them to disclose the exact commission paid to distributors as against the investments garnered fr...