Business

To participate in stake sale process, IFC may underwrite Air India debt

New Delhi: International Finance Corporation (IFC) has evinced interest to participate in the Air India sale process. The World Bank's private investment arm is assessing potential investment opportunity in the state-owned airline and is willing underwrite the entire debt amount for the successful bidder.

'IFC has had rounds of discussion with transaction advisor EY for the Air India deal and have said they would explore opportunity to work with a successful bidder by underwriting the debt amount,' a person aware of the developments said.

Centre has called for bids to sell 76% in Air India along with 100% in low-cost arm Air India Express and 50% stake in joint venture AISATS, which is into ground handling business.

Tata Sky, Skyworth Digital to partner on the next generation set-top box for India

New Delhi: Skyworth Digital, the world's largest ODM for set-top-boxes has been selected by Tata Sky to supply its newest DVB-S2 set-top box.Skyworth ...

Avis India announces free doorstep delivery, collection of self-drive cars

New Delhi : Underlining its commitment to providing safe, reliable, and comfortable transportation solutions, Avis India has announced free car delive...

Time magazine sold to Salesforce co-founder Marc Benioff

Washington : Meredith Corp. is selling Time magazine for 190 million USD in cash to Marc Benioff, co-founder of Salesforce and his wife.The Benioffs a...

Kashmir is an integral part of India: Farooq Abdullah

New Delhi : It was a really special night for all the members of EO Gurgaon, who were a part of an open-end discussion as they got to know about Jammu...