Briefly Business: IndiGo, SpiceJet get permission to import 7 aircraft

IndiGo, SpiceJet get permission to import 7 aircraft

New Delhi: IndiGo and SpiceJet have got final approvals to import seven aircraft. In a meeting of the Aircraft Acquisition committee held this month, IndiGo was allowed to import four Airbus 320s and SpiceJet was allowed to import three Boeing 737s. Government sources said that the final approval will come from civil aviation minister Ajit Singh.

Foreign cos with India plants are local: Sibal

New Delhi: Foreign companies which have manufacturing facilities in India will qualify as domestic manufacturer, telecom minister Kapil Sibal has said.

'Worldwide mobile sales decline in 2012'

Bangalore: Worldwide mobile phone sales totalled 1.75 billion units in 2012, a 1.7 per cent decline from the previous calendar year, according to technology researcher Gartner, Inc.

GMR sells 74% in a road project

New Delhi: In an attempt to reduce its debt, GMR Infrastructure has signed a pact with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust to divest 74 per cent stake in GMR Jadcherla Expressways Ltd (GJEL) for Rs 206 crore.

Bahrain Air grounded by mounting debts

New Delhi: Bahrain Air grounded all flights on Wednesday after announcing plans to shut down operations and sell its assets amid struggles to rebound from the Gulf nation's downturn.

ICAI issues notice to former Reebok CFO

New Delhi: Institute of Chartered Accountants of India has issued show-cause notice to Ree-bok India's former CFO Vishnu Bhagat regarding alleged fraud at the sportswear maker.

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