Usha group effects changes at helm; sets up supervisory board
The Delhi-based Usha group has put in place a major organisational restructuring, inducting professionals in the top management. Brothers Vinay Rai and Anil Rai are chairman and co-chairman respectively of all the group companies.

Air India defers $100m securitisation deal
Air India has deferred plans for its $100-million securitisation deal on future ticket recievables in the US. According to the airline, market conditions are not right at present.

Guptas of Lupin bag development rights for two city properties
The Guptas have acquired complete development rights over two properties comprising Bandra Talkies and a stretch of property at Goregoan in Mumbai for a consideration of approximately Rs 10.75 crore.

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