NEW DELHI India will infuse 20 billion rupees in equity into ailing state-run carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday.
Last year, the government approved a $5.8 billion bailout plan for the national carrier. The latest equity infusion is part of that plan.
(Reporting by Manoj Kumar; Editing by Anand Basu)
Trending On Reuters
India plans to shift to a gas-based economy by boosting domestic production and buying cheap liquefied natural gas (LNG) as the world's third-biggest oil importer seeks to curb its greenhouse emissions, oil minister Dharmendra Pradhan said. Full Article