Tag «Companies»

Adani Group raises $250 million in debt to support airport expansion at six locations

Mumbai International Airport

Adani Group stated on Monday that it has raised $250 million in three-year debt from Standard Chartered Bank and Barclays Bank for capital expenditure at six airports managed through a public-private partnership. According to the firm, the consortium has the option to raise an additional $200 million through the existing facility. The Adani group owns …

Two top IndiGo’s executives quit in 2 days as Rahul Bhatia is named MD

Two top IndiGo's executives

IndiGo’s Chief Commercial Officer Willy Boulter said he will resign after July, just a day after Chief Financial Officer Jiten Chopra quit the biggest budget airline in Asia by market value. The top management churn at IndiGo, operated by InterGlobe Aviation Ltd., comes after billionaire co-founder Rahul Bhatia was appointed in a newly-created executive role …

Bharti Airtel acquires strategic stake in Blockchain-tech startup Aqilliz

Bharti Airtel acquires strategic

Bharti Airtel on Thursday announced that it has acquired a strategic stake in Singapore-based Blockchain platform Aqilliz for an undisclosed sum. Airtel aims to deploy Aqilliz’s Blockchain technologies at scale across its fast-growing tech (Airtel Ads), digital entertainment (Wynk Music & Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings. “Blockchain technology is maturing and we see its application across areas …

Delhi High Court stays RBI order on Religare unit debt recast

RBI order on Religare unit

The Delhi High Court (HC) put an order by the central bank against the debt recast of shadow lender Religare Finvest on hold until the next hearing. Religare Finvest, a fully-owned unit of Religare Enterprises (REL), said it filed a petition in the Delhi HC against the Reserve Bank of India’s order that said the debt recast cannot be …

Yatra.com partners Cleartrip to offer wider hotel inventory to customers

Yatra.com partners Cleartrip to offer wider

Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel space in India, aims to provide a boost to the entire hospitality and travel ecosystem …

Oppo collaborates with Reliance Jio to conduct 5G tests on mobiles

Oppo collaborates with Reliance Jio

Smartphone maker OPPO India on Friday said that it conducted a 5G standalone and non-standalone network trial in collaboration with telecom service provider Jio. The site infrastructure and network provider Jio carried out these tests by utilizing the allocated mid-band trial spectrum which is in the range of 3.3-3.6 Ghz frequency range. Oppo claimed that the 5G trial on Reno7 Series was …

Hyundai suffers backlash in India after Pakistani partner tweets on Kashmir

Hyundai suffers backlash in India

South Korea’s Hyundai Motor faced calls on Monday for a boycott of its cars from Indians incensed over a tweet from the account of its Pakistan partner that expressed solidarity for the people of the disputed territory of Kashmir. The row erupted on Sunday, a day after Pakistan marked the annual Kashmir Solidarity Day and …

BigBasket establishes presence in 18 tier-2 and 3 cities across India

BigBasket

Online supermarket player BigBasket announced that it has expanded its pan-India coverage in the last one year, and is now delivering in 18 new Tier-2 and 3 cities. The company records over 7 million customers orders per month and the demand has considerably gone up in the post-Covid scenario. These new cities include Bhubaneswar, Guwahati, Jamshedpur, Anand, …

West Bengal to host Bengal Global Business Summit in April after 2-year COVID hiatus

West Bengal to host Bengal Global Business Summit in April after 2-year COVID hiatus

By Administrator_India Capital Sands After a hiatus of two years owing to the COVID-19 pandemic, the West Bengal government will host the Bengal Global Business Summit (BGBS) in April next year, a highly placed government official said. The business summit, a flagship programme where the state government showcases the business readiness and investment potential before …