India's latest GDP numbers do not signal robust economic growth in near term.
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.
Under a 2010 nuclear liability law, nuclear equipment suppliers are liable for damages from an accident, which companies say is a sharp deviation from international norms
Ajay Singh will team up with two blue-chip investors to bail out the airline
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
SpiceJet has cut the size of its fleet to 22-24 Boeing planes from 35 and will keep it this way for few months.
The company solf the frequent flyer business.
IndiGo's ascent is not without its risks, however.
Critics say Modi scores high on oratory but has delivered on few of his election campaign promises.
Jet is losing money fast, beset by high costs, low fares and cut-throat competition in its domestic market.
Xi and Modi met soon after their arrival at a summit of the BRICS group of emerging powers. Xi said the two countries should join hands in setting global rules and suggested he attend the November meeting of the 21-nation APEC in Beijing, as well as take part in Chinese-led regional initiatives.
The court on Tuesday ordered BSES -- part of billionaire Anil Ambani's Reliance Infrastructure Ltd to pay state-run NTPC the Rs 700 crore (Rs 7 billion) it is owed by May 31.
NTPC has vowed to raise the amount of energy it generates from renewable resources
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