GIC to expand stake in Prestige Estate

Singapore sovereign wealth fund GIC Pte Ltd will increase its stake in Bengaluru developer Prestige Estates Projects Ltd for Rs 430 crore ($60.41 million). GIC, through unit Gamnat Pte Ltd, will buy 13.4 million shares at Rs 323 apiece through a preferential allotment, Prestige said in a stock market notification GIC as of now claims […]

Air India needs to live on till it’s far bought

Air India needs to live on till it’s far bought, says Lohani as airline runs nearly out of finances Destitute Air India is currently thinking that its difficult to proceed with activities without any value imbuement from the administration so far this financial. The divestment-bound carrier’s CMD Ashwani Lohani said in a late Saturday night […]