The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
In 2017, 60 million passengers flew between India and the UAE, the largest overseas air travel market from India.
The biometric entry will take place with the consent of the passenger and the present system of check-in will also co-exist.
PSB executives said loans to group holding company IL&FS and entities might still be treated as "standard".
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'
The RBI has cited corporate governance and regulatory issues for not extending Kapoor's term. Further, the lender has been directed to search for a successor.
The centre eyes airport-specific digital solution and ties up with start-ups to solve problem unique to BIAL
The geared turbofan, a step-change in the efficiency of turbines for commercial aircraft, has been hit by a slew of design flaws that have grounded planes, delayed deliveries and prompted millions of dollars in compensation claims.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
'A growing segment wants to fly Vistara but may not be really ready to pay for certain products that come with a full-service carrier. That is a large segment and we can't ignore it,' says CEO Leslie Thng.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
If all goes well, from December, drones can be used for purpose like mapping, surveying and photography, which till now was illegal due to absence of any guidelines.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
The ministry has also asked that the cap of such borrowings is to be set at $500 million (Rs 3,450 crore) for a single company and $1 billion (Rs 6,900 crore) for the entire sector.
Factors like dedicated recovery teams, centralised follow-up on bad loan accounts and resolutions via NCLT are driving the trend
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