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Potato Farmer In UP's Kannauj Allegedly Kills Self Over Debt Of Rs.3L

Monday, December 10, 2018, 4:00 PM

A 50-year-old potato farmer in Uttar Pradesh's Kannauj allegedly killed himself by hanging, police said. He had a debt of over Rs.3L, they added. In a suicide note left by the farmer, he said that he was unable to repay his loan as his crop was damaged. The suicide note also mentions the district magistrate of Kannauj district. The incident happened in Siyarmau village.
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SpiceJet gives additional bank guarantee to airport operator, shares rise

Thursday, November 29, 2018, 7:46 PM

SpiceJet shares rose as much as 2.8% on Thursday after the low-cost carrier said it has provided an additional bank guarantee of 200 million rupees to state-owned Airports Authority of India for unpaid dues. SpiceJet owes the airport operator 1.17 billion rupees in unpaid dues for landing, parking and other airport-charges, according to media reports, against an existing bank guarantee of 1.04 billion rupees.
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Airlines need equity infusion of about Rs 35,000 to reduce debt: ICRA

Thursday, November 29, 2018, 7:22 PM

Indian airlines will need equity infusion of about Rs.35,000 crore over the next 3-4 years to reduce their debt burden, rating-agency ICRA Ltd said. "The overall debt levels in the industry remain high and would require equity infusion to bring the same to reasonable levels. ICRA believes an equity infusion of about Rs.350 billion would be needed over the next 3-4 years," Shah added.

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