Equities Correspondent, New Delhi
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Apr 25, 2014

Japan’s NTT DoCoMo to exit Indian telecoms joint venture-sources

TOKYO/NEW DELHI, April 25 (Reuters) – NTT DoCoMo Inc
, Japan’s biggest telecom network by subscribers, will
sell its stake in its loss-making Indian mobile phone joint
venture to partner Tata Group, people with direct knowledge of
the matter said on Friday.

NTT DoCoMo will make a formal decision on the sale of its
26.5 percent stake in Tata Teleservices Ltd at a
board meeting on Friday, executives at the Japanese company
said, without specifying a buyer.

Mar 13, 2014

Boeing in talks with India airlines on 737 MAX jet

HYDERABAD (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is in talks with Indian airlines Jet Airways (JET.NS: Quote, Profile, Research, Stock Buzz) and Air India AIN.UL about the sale of its 737 MAX jets, a Boeing executive told Reuters on Thursday, as the aircraft manufacturer raised its forecast for demand in India.

Boeing now expects India’s commercial aviation fleet to grow more than five times in size over the next 20 years, with demand for 1,600 new airplanes valued at $205 billion.

Mar 13, 2014

Boeing in talks with Jet, Air India for 737 Max jets

HYDERABAD (Reuters) – Boeing Co (BA.N: Quote, Profile, Research) is in talks with Indian airlines Jet Airways (JET.NS: Quote, Profile, Research) and Air India AIN.UL about the sale of its 737 MAX jets, a senior sales executive at the aircraft manufacturer told Reuters on Thursday.

Dinesh Keskar, senior vice president sales for Asia Pacific at Boeing, said that talks with state-owned Air India were not as “intensely involved” as they were with Jet Airways.

Mar 13, 2014

Boeing in talks with Jet Airways, Air India for 737 Max jets

HYDERABAD, March 13 (Reuters) – Boeing Co is in talks
with Indian airlines Jet Airways and Air India
about the sale of its 737 MAX jets, a senior sales executive at
the aircraft manufacturer told Reuters on Thursday.

Dinesh Keskar, senior vice president sales for Asia Pacific
at Boeing, said that talks with state-owned Air India were not
as “intensely involved” as they were with Jet Airways.

Mar 12, 2014

Air India reviews Boeing 787, no plan to ground fleet

HYDERABAD (Reuters) – Air India is reviewing the performance of its Boeing(BA.N: Quote, Profile, Research) 787 Dreamliner fleet to see if they are using up fuel faster than expected, but has no plans to ground the aircraft, the state-owned carrier’s chairman said on Wednesday.

Speaking at an air show in Hyderabad, chairman Rohit Nandan told reporters that Air India believed the planes were heavier than originally promised.

Mar 12, 2014

India’s SpiceJet places $4.4 billion order for 42 Boeing 737s

HYDERABAD (Reuters) – Indian budget airline SpiceJet Ltd (SPJT.BO: Quote, Profile, Research, Stock Buzz) has signed a deal with Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) to buy 42 737 MAX jets in a deal worth $4.4 billion at list prices, the company said on Wednesday, sending its shares up more than 7 percent.

The order, which Reuters first reported in January, could help the loss-making Indian carrier, India’s fourth-biggest airline by market share, as it seeks new investors.

Mar 12, 2014

SpiceJet places $4.4 billion order for 42 Boeing 737s

HYDERABAD (Reuters) – Budget airline SpiceJet(SPJT.BO: Quote, Profile, Research) has signed a deal with Boeing Co (BA.N: Quote, Profile, Research) to buy 42 737 MAX jets in a deal worth $4.4 billion at list prices, the company said on Wednesday, sending its shares up more than 7 percent.

The order, which Reuters first reported in January, could help the loss-making Indian carrier, India’s fourth-biggest airline by market share, as it seeks new investors.

Mar 5, 2014

Behind bars: Sahara urgently tries to free chief in bond case

NEW DELHI/MUMBAI (Reuters) – With its jet-setting boss in jail, Sahara conglomerate is scrambling for a way to satisfy a court order to repay billions of dollars in an outlawed bond scheme.

The Supreme Court on Tuesday ordered that Subrata Roy, 65, remain in custody until a March 11 hearing, a dramatic turn for a man accustomed to hobnobbing with sports stars, Bollywood actors and politicians. The court said it is open to an earlier hearing if Sahara has a satisfactory payment plan.

Mar 5, 2014

Behind bars: India’s Sahara urgently tries to free chief in bond case

NEW DELHI/MUMBAI (Reuters) – With its jet-setting boss in jail, India’s Sahara conglomerate is scrambling for a way to satisfy a court order to repay billions of dollars in an outlawed bond scheme.

India’s highest court on Tuesday ordered that Subrata Roy, 65, remain in custody until a March 11 hearing, a dramatic turn for a man accustomed to hobnobbing with sports stars, Bollywood actors and politicians. The court said it is open to an earlier hearing if Sahara has a satisfactory payment plan.

Mar 4, 2014

India’s Sahara chief ordered by court to remain in custody

NEW DELHI, March 4 (Reuters) – India’s highest court on
Tuesday directed that the head of the Sahara conglomerate,
Subrata Roy, remain in custody over the group’s failure to
comply with its orders to repay investors in an outlawed
multi-billion-dollar investment scheme.

Roy, 65, was arrested on Friday after he did not appear last
week at a Supreme Court hearing – which he says he missed to
attend to his ailing mother – in its long-running battle with
India’s securities regulator.

    • About Devidutta

      "I cover the telecoms sector in India. With Reuters since 2005. Previous stints were in Bangalore and Mumbai, where I covered metals and construction companies and also the stock markets, before I moved to New Delhi in 2008. @dtripathy on Twitter."
      Joined Reuters:
      August 2005
      Languages:
      English, Hindi, Oriya
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