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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

Takata has yet to find 'root cause' of air bag ruptures - exec

from Reuters

Takata has yet to find 'root cause' of air bag ruptures - exec

By Patrick Rucker and Ben KlaymanWASHINGTON/DETROIT (Reuters) - Japanese auto parts supplier Takata Corp on Wednesday acknowledged that it still does not understand what is causing air bag explosions ...


Patel Engineering sells Mumbai land for Rs 300 crore

from moneycontrol

Patel Engineering sells Mumbai land for Rs 300 crore

Patel Engineeringhas sold a 4-acre plot in Mumbai's central business district, BandraKurla Complex, for about Rs 300 crore as part of plans to sell assets to reduce debt. Patel Realty, a s...

Did Flipkart Big Billion Day turn tide against e-tailers?

from moneycontrol

Did Flipkart Big Billion Day turn tide against e-tailers?

Moneycontrol BureauIn his popular book, The Tipping Point, author Malcolm Gladwell outlines the idea of a tipping point as that “moment of critical mass, the threshold, the boiling point”...

Finance Minister for more global cooperation to check tax evasion, smuggling

from ibn

Finance Minister for more global cooperation to check tax evasion, smuggling

New Delhi: Calling upon revenue intelligence agencies to enhance cooperation with their global counterparts to check tax evasion and smuggling, Finance Minister Arun Jaitley on Thursday said fr...

Banks may cut rates once risk appetite returns: Yes Bank

from moneycontrol

Banks may cut rates once risk appetite returns: Yes Bank

There is room for liquidity to drive rates lower near term, feelsYes Bank CFO, Rajat Monga. In an interview to CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, he said a lending rate cut was ...

Plan to double exports from India in next 3-5 years: ABB

from moneycontrol

Plan to double exports from India in next 3-5 years: ABB

Shares of ABBrallied over 15 percent, hitting all-time high of Rs 1396.70 intraday Thursday, after the company’s management clarified that they have no plans to delist ABB India.In a...

Sahara group sells Rs 1,211 cr worth Gurgaon land to M3M

from moneycontrol

Sahara group sells Rs 1,211 cr worth Gurgaon land to M3M

Looking to raise funds to ensure release of its chief Subrata Roy from jail, Sahara has sold a big land parcel at the outskirts of the national capital for Rs 1,211 crore to Gurgaon-based developer M3...