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Thursday, October 18, 2018

Small savings fund gives AI 1k-crore lifeline

Air India’s (AI’s) long wait for equity infusion is finally over. The government has given the cash-strapped airline Rs 1,000 crore from the National Small Savings Fund (NSSF). AI will now avail of its unused sovereign guarantee to raise another Rs 500 crore as a loan next week.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CRvZhN
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