Bloomberg PT Garuda Indonesia needs at least $1 billion of additional funds to cut debt and stay afloat, as the government says it could give up its majority control of the troubled flag carrier. Garuda is currently in talks with creditors to restructure $6.3 billion worth of debt and expects to reach an agreement in the second quarter of 2022, …

Bloomberg Thai Airways International Pcl plans to raise as much as 50 billion baht ($1.5 billion) in new capital as the flag carrier expands flights with the country reopening its borders to foreign tourists. The airline will borrow 25 billion baht from existing creditors and other financial institutions, said Piyasvasti Amranand, a member of the panel overseeing a court-monitored debt …

Bloomberg Purplle, the Indian online beauty products retailer backed by Goldman Sachs Group Inc, is raising funds at a valuation of $630 million just as rival Nykaa is executing its initial public offering. Kedaara Capital led the fresh $75 million funding round, Purplle said in a statement. The startup will use the funds to boost innovation in beauty products and …