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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

Banks have lost it: Sending Mallya to jail will make them double-losers

from firstpost

Banks have lost it: Sending Mallya to jail will make them double-losers

Is India losing the plot on Vijay Mallya, the failed airline entrepreneur who has lost some of his crown jewels in the booze business while trying to make Kingfisher fly long after it was time to say ...


StoreHippo Amongst the Select Few Tech Startups Short Listed for the NASSCOM InnoTrek 2016 in Silicon Valley

from in.com

StoreHippo Amongst the Select Few Tech Startups Short Listed for the NASSCOM InnoTrek 2016 in Silicon Valley

StoreHippo, a leading mobile ready E-commerce platform, is all set to participate in the third edition of NASSCOM InnoTrek 2016, to be organized in Palo Alto, California, U.S.A.

Five cockroach start-ups from GHV Accelerator chosen for Nasscom's Innotrek 2016 program

from firstpost

Five cockroach start-ups from GHV Accelerator chosen for Nasscom's Innotrek 2016 program

GHV (Green House Ventures) Accelerator, announced that 5 cockroach startups onboarded by them for their 12-month accelerator program have been selected for the NASSCOM Innotrek 2016 Program. The start...

Uber v Ola: How fight for Indian taxi market ended up in court

from firstpost

Uber v Ola: How fight for Indian taxi market ended up in court

A flurry of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billio...

Granddad inspired me to start my next venture: Housing.com co-founder Advitiya Sharma

from firstpost

Granddad inspired me to start my next venture: Housing.com co-founder Advitiya Sharma

Advitiya Sharma, co-founder, Housing.com has started his next venture: A hyperlocal services venture named Genius Micro Schools, just a month after leaving the real estate portal. This time around, Sh...

ICICI Bank Q4 net tanks 76 percent to Rs 702 crore

from firstpost

ICICI Bank Q4 net tanks 76 percent to Rs 702 crore

New Delhi: Top private sector lender ICICI Bank today reported 75.97 per cent decline in standalone net profit at Rs 701.89 crore for the fourth quarter ended March 31 on account of 2-fold rise in pro...

A king dethroned? Mallya claims to be in forced exile, not planning to return to India

from firstpost

A king dethroned? Mallya claims to be in forced exile, not planning to return to India

London: Embattled tycoon Vijay Mallya has said he is in a "forced exile" and has no plans to return to India where things are flying at him "fast and furious".Mallya, whose passpor...