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Aukera raises ₹90 crore debt funding to expand lab-grown diamond jewellery business
In a significant move, lab-grown diamond brand Aukera raised ₹90 crore in debt financing, spearheaded by Alteria Capital. This influx of capital is earmarked for enhancing retail presence and advancing product innovation. Aukera's strategy includes opening additional outlets in both familiar and new cities, as the company targets the upscale segment of the booming market, ensuring a robust balance sheet for upcoming industry shifts.
Akasa Air plans to operate flights under UDAN scheme, says CEO Vinay Dube
Akasa Air is set to join the UDAN regional connectivity scheme, with CEO Vinay Dube confirming a steady influx of Boeing 737 MAX aircraft. The airline plans significant capacity growth, aiming for 30% this fiscal year and 30-40% over the next 4-5 years. Despite industry-wide delivery challenges, Akasa Air's fleet expansion remains on track, with a strategic focus on a single aircraft type and class.