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Akasa raises funds from Premji Invest, others

August 20, 2025

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The New Indian Express Vishakapatnam

AKASA Air announced on Tuesday that it has raised fresh capital from investors including Premji Invest (the global investment arm of Azim Premji), Claypond Capital (investment office of Dr. Ranjan Pai), and 360 ONE Asset, along with additional capital infusion committed by the Jhunjhunwala family, who are major stakeholders in the airline.

- ENS ECONOMIC BUREAU @ New Delhi

The airline didn't disclose precise details about the quantum of funds raised during the announcement, but sources indicate the amount to be about $125 million. The airline said funds will accelerate its strategic road map to rank among top 30 airlines in the world by the end of this decade

المزيد من القصص من The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

PUBLISHING IN POST-TRUTH WORLD

IN 2014, Penguin Random House India (hereafter, Penguin for convenience) settled out of court with Dinanath Batra, the ageing general secretary of RSS school network Vidya Bharati and founder of an organisation committed to purging Indian education of foreign influences.

time to read

3 mins

June 12, 2026

The New Indian Express Vishakapatnam

2 dead, several houses torched in Manipur

VIOLENCE broke out in Manipur’s Senapati district on Wednesday night after the remains of six Naga hostages were recovered by police.

time to read

1 min

June 12, 2026

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

BJP sweeps Upper House polls in Gujarat, MP and NE

HOURS after the Supreme Court refused to stay the electoral process for the June 18 Rajya Sabha elections to three seats from Madhya Pradesh, all three BJP candidates were declared elected unopposed on Thursday.

time to read

1 mins

June 12, 2026

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

Making US men’s football great

The world’s most popular sport has struggled to become mainstream in the US. While their women’s team are renowned, the men aren't elite. Swaroop Swaminathan takes a look at why they will be desperate to leave an imprint at this home World Cup...

time to read

3 mins

June 12, 2026

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

Anthropic unveils Claude Mythos 5 for partners, Fable 5 for public users

ARTIFICIAL intelligence company Anthropic has launched two versions of its new AI model, making Claude Fable 5 available to the general public while restricting access to Claude Mythos 5 to selected partners.

time to read

1 min

June 12, 2026

The New Indian Express Vishakapatnam

Family seeks high-level probe into Aditya's death

THE family of seafarer Aditya Sharma of Hamirpur in Himachal Pradesh, who died off Oman coast in a US strike, has demanded a high-level inquiry into the circumstances leading to the incident amid allegations against the command on board the ship.

time to read

1 min

June 12, 2026

The New Indian Express Vishakapatnam

CONSERVATION BOOST FROM HISTORY MADE IN SIMILIPAL

WHEN Odisha Chief Minister Mohan Charan Majhi last week broke the news of Maharashtra-born tigress Zeenat giving birth to four cubs in the Similipal Tiger Reserve, he acknowledged a landmark in India’s conservation history.

time to read

1 mins

June 12, 2026

The New Indian Express Vishakapatnam

‘If released, I’ll kill again,’ says murder convict after getting death sentence

A 33-year-old man in Ghazipur in Uttar Pradesh, facing capital punishment in connection with a murder case, vowed to repeat the offence if freed from prison.

time to read

1 min

June 12, 2026

The New Indian Express Vishakapatnam

Centre extends excise duty relief to petrol blended with higher ethanol

THE government on Thursday extended central excise duty exemptions to petrol blended with 22%, 25%, 27% and 30% ethanol.

time to read

1 mins

June 12, 2026

The New Indian Express Vishakapatnam

Shivanand leaves behind a wailing family in Deoria

THE death of Shivanand Chaurasia from eastern UP after a US strike on an oil tanker off the Oman coast has left behind a deep void in the devastated family.

time to read

1 min

June 12, 2026

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