Airlines owe ₹2,400 crore to AAI

Several airlines have delayed payments, amounting to ₹2,400 crore, to the Airports Authority of India (AAI) for using airports because of losses sustained following the drop in travel demand during COVID-19. The biggest defaulter among all airlines is the Air India (AI) Group which owes more than 80% of these Read more…

LVB receives non-binding offer from Clix

Cash-starved private sector lender Lakshmi Vilas Bank Ltd. (LVB) has received a non-binding offer from Clix Group for merger. In June 2020, LVB had entered into a non-binding agreement with the Clix Group for amalgamation. On Thursday, LVB said that it had received an indicative non-binding offer from Clix Group Read more…