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From govt planning to exclude more than half of Air India's debt, to Isro launching 14 satellites, Business Standard brings you the top news of the day

Air India

BS Web Team
New plan to woo investors: Govt may exclude $7 billion of Air India debt

India is considering a plan to exclude more than half of Air India Ltd.’s $11 billion of debt in the government’s latest attempt to lure investors to buy the struggling carrier, people with knowledge of the matter said.

Prime Minister Narendra Modi’s administration plans to ask proposed investors to take over Rs 30,000 crore of the airline’s loans, which are backed by the carrier’s aircraft, the sources said, asking not to be identified, citing private information. Read more

Bull run continues; Sensex gains

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First Published: Nov 27 2019 | 4:33 PM IST

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