National Aviation Co. of India Ltd., the state-owned parent of Air India, plans to sell new bonds to sustain the company that has never posted a profit. The Indian government will guarantee the bonds, which will help the carrier cut interest costs, Civil Aviation Minister Praful Patel said in Mumbai yesterday. The company, which has [...]

RAK Properties, a public joint stock company of Government of Ras-Al-Khaimah, UAE, is wooing Indian businesses and high net worth individuals to invest in three major real estate ventures it has taken up including a $3.67-billion Mina Al Arab project, which has both commercial office and residential space. Other projects include RAK Towers Marina and [...]

Volvo Construction Equipment (VCE), a wholly owned subsidiary of Swedish truck maker AB Volvo, aims to achieve its highest sales ever in India this year, with a target of 2,000 units. The Indian arm, which opened in 1997, has been growing at 20-30% every year at par with the industry, Mritunjaya Singh, managing director of [...]