
New Delhi: Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said on Monday night. According to the proposal, the government is considering writing off Rs 4,500 crore cash loss of Air India, infusing an additional equity of Rs 6,750 crore and Rs 17,000-18,000 crore for its fleet acquisition programme....

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IMF's 185 countries also pushed for more coordination with developing countries. ...

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George Bush for the second time in two days tried and calm the markets. ...

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G7 say they would use "all available tools" to stabilise the financial system ...

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