n18
Menu
NEWS|Business 
   |

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 closes 322 points higher marking biggest single-day gain in nine sessions; Bharti Airtel leads rally

from firstpost

Sensex closes 322 points higher marking biggest single-day gain in nine sessions; Bharti Airtel leads rally

The benchmark Sensex notched up its biggest single-day gain in last nine sessions on Friday surging 322 points as investors built up fresh long-positions on expectations that the Reserve Bank of India...


Reserving 2 window seats for disabled on aircraft is fine but what about the attitude of flight, ground staff?

from firstpost

Reserving 2 window seats for disabled on aircraft is fine but what about the attitude of flight, ground staff?

In a move that could make traveling much easier for the disabled, the Civil Aviation Ministry has directed that two window seats, except for the ones near emergency exits, be reserved for them.Not jus...

Budget data to give clues to Modi's capex promise

from Reuters

Budget data to give clues to Modi's capex promise

By Manoj KumarNEW DELHI (Reuters) - Prime Minister Narendra Modi hit his borrowing targets in the last fiscal year by slashing $19 billion in capital spending and data on Friday will show whether he h...

More than 112 mn non-smartphone connected devices will be sold in 2015

from firstpost

More than 112 mn non-smartphone connected devices will be sold in 2015

More than 112 million non-smartphone connected devices (mobile PCs, tablets and mobile hot spot devices) will be sold worldwide in 2015, up 5.6 percent from last year, as demand for ubiquitous Interne...

M&M Q4 profit down 39 pct, misses estimates

from Reuters

M&M Q4 profit down 39 pct, misses estimates

NEW DELHI (Reuters) - Mahindra & Mahindra Ltd , India's biggest utility vehicles maker, reported a 39 percent drop in fourth-quarter net profit, hurt by lower sales as unseasonal rainfall hurt the...

If you have an Android phone, Uber's new privacy policy will spook you

from firstpost

If you have an Android phone, Uber's new privacy policy will spook you

Just a week after roping in Apple's former privacy counsel Sabrina Ross to join Uber's growing legal team, the taxi-hailing app today released its new privacy policy which explains in detail all the d...