State Bank of India , the country’s top lender, has not given fresh loans to debt-crippled Kingfisher Airlines , an official said, denying reports that the state-owned creditor was close to offering a bailout loan package. Source: Moneycontrol Business News
Etisalat’s Indian joint venture will shut down its mobile phone network after the country’s top court ordered all telecoms licences issued under a scandal-tainted 2008 sale be revoked in four months, including those held by the UAE carrier’s joint venture. Source: Moneycontrol Business News
The State Bank of India said on Wednesday that it had no plans of sanctioning fresh loans for the cash-strapped Kingfisher Airlines “at this point”. Source: Moneycontrol Business News
Anil Ambani group firm Reliance Infratel (RITL) today approached telecom tribunal TDSAT, seeking to recover Rs 1,200 crore from Etisalat DB which had taken its telecom infrastructure on lease. Source: Moneycontrol Business News
Meeting a key demand of the ash-strapped airline industry, the government today issued the notification allowing private airlines to import jet fuel or ATF directly. Source: Moneycontrol Business News
Reliance Brands, part of Mukesh Ambani’s Reliance Industries, has partnered with Iconix Brand Group to sell the US company’s fashion and home brands in India. Source: Moneycontrol Business News
Top executives of private power companies, including Anil Ambani and Cyrus Mistry, today discussed various issues faced by the sector with the high- level panel headed by Prime Minister’s Principal Secretary Pulok Chatterji. Source: Moneycontrol Business News
The travel and tourism Industry in India is truly handicapped, says Madhavan Menon, Managing Director of Thomas Cook (India). Source: Moneycontrol Business News
Econet Wireless is seeking at least USD 3.1 billion in damages from Bharti Airtel in a dispute over ownership of its subsidiary Airtel Nigeria, according to a suit filed on Wednesday. Source: Moneycontrol Business News
CNBC-TV18 learns that Cairn India is currently evaluating opportunities in Uganda, where the government is likely to put on offer oil blocks next month. Source: Moneycontrol Business News