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Reserve Bank of India – Bangalore Aviation

Tag Archives: Reserve Bank of India

Indian government approves airlines to borrow $1 billion overseas, but delays FDI

The government of India will allow aviation companies to borrow up to $1 billion (Rs. 5,100 crore) collectively and up to $300 million individually, from overseas, via the external commercial borrowings (ECB) route, as per a statement released by the finance ministry today. In his Budget speech last month, the Indian Finance Minister had announced that companies in the aviation …

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Kingfisher Airlines repeats fund raising plans – a move to ease market concerns?

Dr. Vijay Mallya promoted Kingfisher Airlines released this statement today. The conversion between Indian Rupees and US Dollar at a rate of Rs.47:$1 has been added by us in italics. The Board of Kingfisher Airlines Limited, at its meeting held today, approved, subject to shareholders approval, an increase in the authorised Equity Share Capital from Rs. 900 crores [approx $192 …

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