Namo Narain Meena

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India To Infuse Air India With Additional US$113-Million

A day after Star Alliance rejected Air India, following a three and a half year courtship, the Indian Government has announced it will inject INR5,000,000,000 (approx US$113,000,000) as equity in the financially failing airline.   This equity cash stake in the government run airline will be paid out in two payments.   This cash infusion follows…

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