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Air India lenders offer ₹35,000 cr in loan to Tata-promoted Talace
According to a report in the Economic Times, the lender of Air India has provided Rs 35,000 crore to Talace promoted by the sons of Tata. As Talace won the bid for Air India, it invited the airline’s existing lenders to provide a one-year general loan of Rs 23,000 crore. The weighted average rate of return is 4.25%.
“Considering that the loan is unrated and unsecured, but priced close to sovereignty, this is an overwhelming response,” an executive from one of the lenders told the Economic Times. Commercial banks including the State Bank of India, Bank of Baroda, Union Bank of India and Punjab National Bank have approved credit lines ranging from 12,000 crore to 3,000 crore.
Talace bid 18,000 crore when it won the bid. Tata will pay 2,700 crore in cash and will assume 15,300 crore debts of the airline. According to the report, as of August 31, Air India’s total debt was 61,560 crore. Tata may notify lenders about the distribution in the first week of January.
Complete News Source : UP Turn
Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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