Banking Awareness 14th January 2017 | Financial Affairs 14th January 2017

SpiceJet to buy 100 planes from Boeing as it prepares for long-haul flights

Purchase rights include an option to buy wide-body aircraft.

SpiceJet said it had signed a deal for buying up to 205 planes from Boeing – worth up to $22 billion at list prices – but the announcement includes 55 jets already announced in a 2014 deal and the possible follow-on order of 50 more.

100 new planes.

SpiceJet said it had signed a deal for buying

MP Rajeev Chandrasekhar biggest investor in Arnab Goswami’s Republic?

Republic will be part of ARG Outlier Media Private Limited

‘The game has just begun’ – so said renowned journalist and broadcaster Arnab Goswami after quitting as editor in chief of Times Now in October last year before announcing that he would launch a new media venture, named Republic.

Rajeev Chandrasekhar

Vice-chairman of the NDA in Kerala.

BSE sets IPO for January 23-25, to raise Rs 1,350 crore

300 shareholders in BSE will sell up to 15.4 mn shares

BSE Ltd has set its initial public offering for January 23-25, according to a filing from India’s second-biggest exchange, in a listing that bankers say could raise around Rs 1,350 crore ($198 million).

$1 billion

National Stock Exchange, which filed for an IPO by raising

Airtel payments bank offers highest savings deposit rate

7.25% for savings accounts; plan is to have 600,000 banking points by year-end

Bharti Enterprises chairman Sunil Bharti Mittal launched India’s first payments bank – Airtel Payments Bank – giving a 7.25% interest on savings accounts, which makes it the highest interest rate on offer.

1,000

No of payment bank outlets in Rajasthan opened.

ACs to get cheaper as govt launches new project

A 1.5 tonne, 5-star rated split AC will cost Rs 30,000 by 2018

Want to buy an air conditioner (AC) that does not come with a three-digit electricity bill, but can’t afford one? You may have to wait for just a few more months, as prices of highly energy-efficient ACs are expected to come down significantly very soon.

B. Thaiagranjan

whole time director, Blue Star.

FreeCharge to take 5-10 years to turn profitable

It is fastest growing in the segment over the past 12 months

Snapdeal-owned FreeCharge said on Thursday it would take the company between five and ten years to be profitable. Govind Rajan, chief executive officer at FreeCharge, the online facility to recharge any mobile phone or data card, said, “In the next four to five years, our objective is to grow.

Govind Rajan

Chief executive officer at FreeCharge.

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