Air India may be listed on exchanges with banks holding strategic stake PSU IN MEDIA

New Delhi: The government is considering inducting banks as strategic investors in Air India, followed by a listing of the national airline, said two persons familiar with the plan.

Privatization of the airline isn’t on the cards, said the two, who requested anonymity. The plan is part of another attempt to turn around the airline.

In the first step of this plan, the government will continue efforts to recast Rs28,000 crore of working capital debt that Air India owes a consortium of 19 banks led by State Bank of India (SBI). The lenders are being asked to convert this debt into equity. MINT

Posted Date : 08-02-17

Categories : PSU IN MEDIA

Similar news

Berne Union holds Annual General Meeting in Hyderabad

Hyderabad : 23rd October 2019 – A global delegation of 220 senior executives of the export credit and investment insurance industry met in Hyderabad for the Berne Union 2019 AGM, hosted by ECGC India. Insurers reported a declining volume of new commitments alongside a 21% increase i
Posted Date : 24-10-19

IRCTC to soon come up with Japanese-style pod hotel near Mumbai Central

New Delhi: Indian Railway Catering Tourism Corporation Limited (IRCTC), the ticketing arm of Indian Railways is planning to come up with pod hotel — a concept derived from Japanese ultra-modern capsules accommodation –for providing cheap stay to passengers near the Mumbai Central railway stat
Posted Date : 17-08-19

Shri Hardeep Singh Puri launched the Water Plus Protocol

NEW DELHI.The Minister of State for Housing & Urban Affairs, Civil Aviation (Independent Charge) and Commerce & Industry, Shri Hardeep Singh Puri launching the Water Plus Protocol, at a press conference on the Swachh Survekshan 2020, in New Delhi on August 13, 2019. The Secretary, Ministry of Hou
Posted Date : 14-08-19

CHAIRMAN COAL INDIA LIMITED REVIEWS NCL

SINGRAOULI: Shri Sutirtha Bhattacharya , CMD, Coal India Limited chaired a performance review meeting at NCL Headquarters. NCL CMD, Shri T. K. Nag, Director (Personnel), Ms. Shantilata Sahu, Director (Technical/Operations), Shri Gunadhar Pandey, Director (Finance), Shri P. S.R.K. Sas
Posted Date : 23-08-17

Shri Ram Vilas Paswan Addressing a Press Conference

NEW DELHI: The Union Minister for Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan addressing a press conference, in New Delhi on July 07, 2017. The Minister of State for Consumer Affairs, Food and Public Distribution, Shri C.R. Chaudhary is also seen.
Posted Date : 08-07-17

Gajapathi Raju Pusapati holding a Press Conference

NEW DELHI: The Union Minister for Civil Aviation, Shri Ashok Gajapathi Raju Pusapati holding a press conference, in New Delhi . The Minister of State for Civil Aviation, Shri Jayant Sinha and the Secretary, Ministry of Civil Aviation, Shri R.N. Choubey are also seen.
Posted Date : 27-06-17

BEL Team Explain to Media About EVM

New Delhi: BEL team explaining non tamperability if EVM during Election commission media demonstration recently.
Posted Date : 24-05-17

Press Conference on Deendayal Upadhyaya Gram Jyoti Yojana

NEW DELHI: The Minister of State for Power, Coal, New and Renewable Energy and Mines (Independent Charge), Shri Piyush Goyal releasing the booklet on rural electrification status, at a Press Conference on Deendayal Upadhyaya Gram Jyoti Yojana- Rural Electrification Scheme, in New Delhi on May 19,
Posted Date : 20-05-17

Media meet on Ujwal DISCOM Assurance Yojana

Posted Date : 30-03-17

Hyderabad airport ranks 1st in world in airport service quality survey

Hyderabad: GMR's Hyderabad International Airport has secured first position in the world in the prestigious Airports Council International (ACI)-Airport Service Quality (ASQ) survey in the 5-15 million passengers per annum (MPPA) category for the year 2016. We soon plan to go for expansion o
Posted Date : 07-03-17

Tata Docomo Partners With AAI To Launch Public Wi Fi Connectivity At Goa Airport

Inaugurating the WiFi service at the airport, The Honorable Chief Minister Sri Laxmikant Parsekar said, “The Prime Minister’s vision of Digital India has taken wings. We’ve seen a tremendous growth in adoption of public Wi-Fi services. We hope that these services are able to con
Posted Date : 17-02-17

A SMART NCR IN 2025

NEW DELHI . The one day Delhi Management Association (DMA) Diamond Jubilee National Convention on the theme “A SMART NCR IN 2025” was inaugurated by the Chief Guest of Honour- Shri Rajiv Gauba, Secretary, Ministry of Urban Development, GoI at India Habitat Centre, New Delhi on Februar
Posted Date : 16-02-17

Aero India 2017

Bengaluru. The Union Minister for Defence, Shri Manohar Parrikar, the Union Minister for Civil Aviation, Shri Ashok Gajapathi Raju Pusapati, the Minister of State for Civil Aviation, Shri Jayant Sinha, the Minister of State for Defence, Shri Subhash Ramrao Bhamre, and other dignitaries at the Aer
Posted Date : 15-02-17

Before bundling all oil PSEs together remember disastrous merger of Air India and Indian Airlines

NEW DELHI .Finance minister Arun Jaitley indicated, in his budget speech, that the government is considering bundling of all oil public sector enterprises (PSEs) into one giant unit: “We propose to create an integrated public sector ‘oil major’ which will be able to match the pe
Posted Date : 13-02-17

AAIs Pune airport achieves the highest Airport Service Quality Rating.

New Delhi. Airports Authority of India got report of ACI-ASQ survey for Quarter-IV (October-December) 2016 for 11 airports. The Pune Airport has achieved the highest ACI-ASQ rating of 4.78 and is ranked 29 in the world, followed by Lucknow Airport with ASQ rating of 4.76 ranked 31 during the Qtr-
Posted Date : 11-02-17

NTPC Q3 net profit falls 7 point 5 percent to Rs2469 crore

New Delhi: State-owned power producer NTPC Ltd on Wednesday reported a 7.5% fall in net profit in the December quarter to Rs2,469 crore from the same period a year ago on account of higher fuel and finance costs and tax liability relating to previous accounting periods. NTPC
Posted Date : 09-02-17

Singapore based arbitrator to preside over RIL ONGC dispute

NEW DELHI: Singapore-based arbitrator Prof Lawrence Boo has been named as the presiding judge of a three- member arbitration panel that will go into the validity of government's demand of $1.55 billion compensation from Reliance Industries for "unfairly" producing ONGC's gas.&nb
Posted Date : 09-02-17

Govt mulls merger of 6 consulting firms in the EIL

New Delhi. The government is considering the merger of half a dozen state-owned consultancy firms such as Engineering Projects (India) Ltd with Engineers India Ltd (EIL) to create a mega consultancy player that can take on the might of global giants such as Bechtel. Taking a
Posted Date : 09-02-17

Shri Piyush Goyal to launch TAMRA Portal and Mobile Application to ensure transparent award of Statutory Clearances for Mining Operations

With an objective to enhance transparency and accountability as a part of the Ease of Doing Business in the Mining sector, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal will launch TAMRA (Transparency, Auction Monitoring and Resource Augment
Posted Date : 08-02-17

MRPL profit leaps to 92 percent in Q3

Mangaluru. Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a profit of ?566 crore in the third quarter of 2016-17 against a profit of ?295 crore in the corresponding period of 2015-16, a growth of 91.86 per cent. H Kumar, Managing Director, attributed this growth to the increase in the
Posted Date : 08-02-17