Business
U.S. sanctions firms, Indians involved in Iran’s oil trade
The Trump administration has sanctioned entities and individuals from India involved in sales of Iran’s petroleum and petroleum products, saying the funds from this trade support Tehran’s regional terrorist proxies and procure weapons systems that are “a direct threat” to the U.S.The Departments of State and Treasury sanctioned shipping networks responsible for funding the Iranian regime’s “malign activities” through illicit o...
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IndiGo approves capital investment of over ₹7,000 crore for aircraft ownership in shift away from leasing
IndiGo has approved a capital investment of ₹7,294 crore to enable ownership of their aircraft instead of their leasing.The airline said in a statement that it has “approved a capital investment of $820 million (nearly ₹7,294 crore) in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited. The funds raised by IndiGo IFSC shall be primarily deployed towards acquisition of aviation assets, ther...
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