ALSO READProperties on 99-yr lease to be sold: Govt steps up Air India divestment IndiGo only company to formally express interest in Air India ops: Sinha Tatas to look at Air India once data comes: N Chandrasekaran IndiGo's interest in Air India confuses rivals and investors, stock down Air India stake sale: Traffic rights, airport slots are the biggest draws
Lenders want extension of insolvency deadline With time running out for a resolution of the second list of non-performing assets (NPAs) on the Reserve Bank of India (RBI) list, lenders and corporate bodies have approached the central bank for extending the December 13 deadline. Read more Tata Motors zips past Honda, seals 4th spot Tata Motors has reached halfway in its ambitious target of becoming the third-biggest car player in the domestic market.
It has risen one notch in the pecking order to occupy fourth position by overtaking Japanese carmaker Honda during the last five-month period. Read more Banks worried over Air India divestment route Lenders to Air India have expressed concern over the government’s plan to transfer the national carrier’s working capital debt to a separate subsidiary to make the state-owned airline attractive to buyers. Lenders worry that a move to sell aviation assets, including planes, before clearing the debt could make their exposure vulnerable. Read more Mukesh Ambani drives 45% of India Inc’s capex since FY14 Even as economists and analysts lament the delay in the private sector capital expenditure (capex) cycle, Mukesh Ambani-owned Reliance Industries (RIL) has emerged as the single-largest corporate investor. Read more PM Modi says Pakistan meddling in Gujarat polls Prime Minister Narendra Modi on Sunday alleged Pakistan was interfering in the Gujarat Assembly polls, even as Congress Vice-President Rahul Gandhi continued attacking the Bharatiya Janata Party governments for helping only a handful of industrialists. Read more