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A-Pac airlines profitability declined in CY19 due to competition, global t
Updated : 6 years ago IST
Kuala Lumpur [Malaysia], May 6 (ANI): Preliminary financial performance figures released on Wednesday by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific airlines recorded 3.8 billion dollars in combined net earnings in 2019, marking a 25 per cent decline compared to
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Hike in fuel excise to increase tax collection by $21 billion: Moody's
Updated : 6 years ago IST
New Delhi [India], May 6 (ANI): The government's increase in petrol and diesel taxes by 21 dollars a barrel and 27 dollars a barrel will result in tax collection increasing by about 21 billion dollars if the tax hike is maintained for a full year, Moody's Investors Service said on Wednesd
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JSW Steel clocks steel production at 5.63 lakh tonnes in April
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 4 (ANI): JSW Steel, the flagship business of 14 billion dollar JSW Group, on Monday reported crude steel production of 5.63 tonnes in April, clocking an average capacity utilisation of 38 per cent.
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Boeing raises $25 billion in bond offering, rules out federal aid
Updated : 6 years ago IST
Chicago [USA], May 1 (ANI): Aerospace major Boeing has raised 25 billion dollars in a bond offering and said it will not seek government aid in the fallout from coronavirus pandemic.
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Moody's assigns Baa3 to Adani Electricity Mumbai's dollar senior bond
Updated : 6 years ago IST
Singapore, April 30 (ANI): Moody's Investors Service on Thursday assigned a definitive Baa3 senior secured rating to the 10-year one billion dollars senior secured bullet bonds issued by Adani Electricity Mumbai Ltd (AEML).
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ADB approves $1.5 billion financing to support India's COVID-19 response
Updated : 6 years ago IST
Manila [The Philippines], April 28 (ANI): The Asian Development Bank (ADB) on Tuesday approved a 1.5 billion dollar loan to India to help fund its response to the novel coronavirus disease (COVID-19) pandemic.
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VC investment in India tumbled to just $2.2 billion in Q1 20
Updated : 6 years ago IST
New Delhi [India], April 27 (ANI): After a record-breaking six billion dollars in Q4 19, venture capital (VC) investment in India fell sharply to just 2.2 billion dollars in Q1 20 in part due to economic uncertainty, professional services firm KPMG said on Monday.
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ADB assures USD 1.7 billion help to Pak to fight COVID-19
Updated : 6 years, 1 month ago IST
Islamabad [Pakistan], April 24 (ANI): The Asian Development Bank (ADB) will give USD 1.7 billion dollars to Pakistan to help the nation in containing the coronavirus outbreak and to mitigate the economic impact of it.
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Increased risk to jobs as European airline revenues collapse: IATA
Updated : 6 years, 1 month ago IST
Geneva [Switzerland], April 24 (ANI): The potential revenue loss by European carriers in 2020 has grown to 89 billion dollars and passenger demand measured in revenue passenger kilometres) is projected to be 55 per cent below 2019 levels, according to the International Air Transport Associat
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Airlines in India to suffer $11.2 billion revenue loss, 2.9 million jobs a
Updated : 6 years, 1 month ago IST
Singapore, April 24 (ANI): Airlines in India are likely to suffer a revenue loss of 11.2 billion dollars this year leading to 2.9 million jobs at risk as passenger demand falls by 47 per cent due to COVID-19 crisis, the International Air Transport Association (IATA) said on Friday.
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Sundram Fasteners contributes Rs 3 crore towards COVID-19 relief measures
Updated : 6 years, 1 month ago IST
Chennai (Tamil Nadu) [India], April 22 (ANI): Sundram Fasteners, a part of the 8.5 billion dollar TVS Group, said on Wednesday it has contributed Rs 3 crore to the Tamil Nadu Chief Minister's Public Relief Fund to support the nation's fight against the COVID-19 pandemic.
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Sensex up 743 points, Reliance gains 10 pc as Facebook picks stake in Jio
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], April 22 (ANI): Equity benchmark indices rose by 2.4 per cent on Wednesday as index heavyweight Reliance Industries surged by 9.8 per cent with Facebook picking up nearly 10 per cent stake in India's largest private sector company's digital business for 5.7 bill
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