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India to inject $340m into debt-laden Air India

State comes to rescue after stake sale fails

Air India has been incurring losses over the years.   © Reuters

MUMBAI (NewsRise) -- India plans to pump in about 23.5 billion rupees ($336 million) as equity capital into state-run Air India, breathing a fresh lease of life into the nation's flag carrier struggling with a mountain of debt and losses.

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