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In a statement, Air India condemned the incident and said that they will also probe the matter at their end.

Air India scouts for $535 mn loan to buy 3 Boeing planes

Disinvestment-bound carrier has reduced the required loan amount by around USD 20 million.

5 Nov 2017 10:30 AM

Air India and its subsidiaries have nearly 20000 employees. Among them Air India has only 11,500 employees. Air India management has not offered their employees for voluntary buyouts, an Air India spokesperson said..

Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

CCEA had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

27 Sept 2017 12:22 PM

IndusInd Bank Ltd has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd.

IndusInd Bank secures $200 mn loan from ADB for microlending

As per the loan agreement, about 95 per cent of the ADB funding is to go towards credit to women borrowers.

15 Sept 2017 8:54 AM

A subsidiary of public sector lender Punjab National Bank, PNB Housing Finance is in the business of providing home loans.

PNB Housing Finance to raise up to Rs 1,000 cr via bonds

Stock of PNB Housing Finance closed 1.98 per cent down at Rs 1,593.50 apiece on BSE.

5 Sept 2017 4:06 AM

SpaceX is working on a version of its Dragon capsule that will carry crew to the space station, perhaps as early as next year (Photo: AFP)

SpaceX seeks USD 750 million leveraged loan

SpaceX makes rockets and spacecraft. The company was founded by Elon Musk in 2002 as a way to help humans live on other...

7 Nov 2018 4:47 AM

Prime Minister Narendra Modi

PM's Diwali gift to MSMEs: Rs 1 crore loan in 59 minutes

Easing compliance with environmental rules, MSMEs will need single air and water clearance to establish a factory.

2 Nov 2018 7:25 PM

PM Narendra Modi launches Ayushman Bharat scheme in Ranchi. (Photo: PTI )

PM announces incentives for MSMEs, Rs 1 crore loan in 59 minutes

12 historic decisions will boost small and medium enterprises, says PM Modi.

2 Nov 2018 12:21 PM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC borrows Rs 4,000 crore from ICICI Bank

Company's board has approved raising of the borrowing limit from Rs 25,000 crores to Rs 35,000 crores.

25 Jan 2018 5:03 AM

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI expects loan demand to rise with government spending

Next tranche of capital allocation will be strictly based on performance of banks against reform measures suggested by...

25 Jan 2018 4:35 AM

The generation aged between 16 to 24 has been controversially dubbed the snowflakes. (Photo: Pixabay)

Survey reveals one fourth of millennials are stressed out every day

While only 31 per cent revealed that they felt mentally stimulated every day, while 46 per cent felt stressed under...

20 Jan 2018 1:49 PM

Pilot of Air India Jaipur-Delhi flight refused to fly due to duty limitations prescribed by the DGCA. (Photo: File)

Air India ties up with three banks for loans for 3 B777 planes

Delivery of 3 B777-300 ER planes is scheduled to be completed next month - two in January and one in February.

5 Jan 2018 4:19 AM

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finance Ministry asks PSBs to consider selling, swapping loan assets

Swapping and selling assets will help banks to focus on their core competencies and trim their burden.

1 Jan 2018 9:03 AM