Indian space economy to reach $44 bn by 2033: FICCI-EY report

India aims to grow its space economy from $8.4 billion in 2022 to $44 billion by 2033, driven by policy reforms, private sector participation, and international collaboration. Key growth areas include satellite communication and earth observation, transforming agriculture, disaster management,…

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IndiGo to invest $45 million in IFSC subsidiary

InterGlobe Aviation, IndiGo’s parent company, will invest up to USD 45 million in its subsidiary IndiGo IFSC. This investment, approved by the board, aims to finance aviation assets, repay outstanding loans, and support general corporate needs. IndiGo IFSC specializes in…

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Potential investors in IIHL’s bond issue reassess risk

Hinduja Group-led IndusInd International Holdings (IIHL) mandated Barclays and 360 One to syndicate the debt, people cited above said. The bank on Monday disclosed accounting discrepancies in its derivative transactions affecting 2.35% of its net worth, raising alarm among potential…

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