Sensex up 45 points in early trade
after years of losses, finance chief Richard Olav Aa said.
PROPERTY
Private equity firm Xander Group is acquiring a 1.2 million-sq ft retail and hotel project of real estate developer Ozonegroup for about 3.5 billion rupees, a person familiar with the deal said.
AIRLINES
Air India's bond sale worth 74 billion rupees ($1.35 billion) was fully subscribed and would save the company about one billion rupees a month in interest payments, the aviation secretary K.N. Srivastava said on Thursday.
Air India is set to mandate Delhi-based real estate consultant DTZ International Property Advisors Pvt. Ltd to help it raise money by selling, leasing or redeveloping its real estate assets, according to airline and property consultancy executives.
Indian airlines are set to witness over 42 percent utilisation of seats allowed for overseas destinations, government data shows, surpassing for the first time in eight years the capacity used by foreign carriers flying into the country.
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