Last Updated : Sep 21 2018 8:17AM
News Highlights
Indian economy to reach 5 dollar trillion by 2022, says PM            Sushma Swaraj to meet Pakistani counterpart on UNGA sidelines: MEA            Two terrorists killed in operation by security forces in J&K           

National News

Jun 08, 2018
1:55PM

Air India seeks Rs 1,000 cr bank loan to meet its urgent working capital requirement

National Carrier Air India has sought proposals for short-term loans worth one thousand crore rupees to meet its urgent working capital requirements. 

According to the bid document,  one thousand crore loan will be drawn in June in one or more tranches. The airline has requested banks to submit their financial bids by 13th of this month.  

The tenure of the loan will be one year (renewable) from the date of availing short-term loans. Amid fund crunch, during which Air India also had to defer its staff salaries, the airline borrowed  6,250 crore rupees from various banks between September last year and January this year for working capital requirements and other needs.
The debt-ridden Air India, has not paid salaries of the staff for the month of May. The government had attempted to sell 76 percent stake in of national carrier which came a cropper last month after it did not get even a single bidder.

Live Twitter Feed

Listen News

  • Morning News 20 (Sep)
  • Midday News 20 (Sep)
  • News at Nine 20 (Sep)
  • Hourly 21 (Sep) (0605hrs)
  • समाचार प्रभात 20 (Sep)
  • दोपहर समाचार 20 (Sep)
  • समाचार संध्या 20 (Sep)
  • प्रति घंटा समाचार 21 (Sep) (0600hrs)
  • Khabarnama (Mor) 20 (Sep)
  • Khabrein(Day) 20 (Sep)
  • Khabrein(Eve) 20 (Sep)
  • Aaj Savere 20 (Sep)
  • Parikrama 20 (Sep)
  • Lok Ruchi Samachar 9 (Sep)

Listen Programs

  • Market Mantra 20 (Sep)
  • Samayki 20 (Sep)
  • Sports Scan 20 (Sep)
  • Spotlight/News Analysis 20 (Sep)
  • Public Speak
  • Country wide 20 (Sep)
  • Surkhiyon Mein 20 (Sep)
  • Charcha Ka Vishai Ha 19 (Sep)
  • Vaad-Samvaad 18 (Sep)
  • Money Talk 18 (Sep)
  • Current Affairs 14 (Sep)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""