ACEU was derecognised after the airline's ground staff and cabin crew went on strike on May 26 last year.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
The Reliance Anil Dhirubhai Ambani Group plans to develop Baramati, about 100 km from Pune, as a hub for private jets, with airports in Mumbai and Pune facing acute shortage of parking bays. Baramati is also the home town of Union agriculture minister and Nationalist Congress Party chief Sharad Pawar.
In what will be the largest media deal in India, Multi-Screen Media (MSM), which runs Sony Television in India, is set to buy Ramoji Rao-owned Eenadu TV's (ETV's) bouquet of 11 regional channels.
After eight years of joint operations in news television, the relationship between Rupert Murdoch-controlled STAR Group and Ananda Bazar Patrika (ABP) TV has run into rough weather.
Six months after the Paras deal, Actis wants to exit Sterling Hospitals, a Gujarat-based multi-speciality hospital chain with six centres, according to three independent sources in the know.
Deccan 360 is not taking orders, as it claims it is re-aligning its services.
The existing system where all airline passengers, barring VVIPs, have to undergo rigorous frisking, the IATA model proposes different levels of screening for passengers based on the level of risk associated with each one of them.
While the Navi Mumbai airport project has been cleared for take off, two other big-ticket projects in Maharashtra - a cargo hub in Nagpur and an international airport at Rajgurunagar near Pune - are grounded because of delays in land acquisition.
Air India (AI) plans to raise Rs 5,500 crore (Rs 55 billion) by issuing bonds to a consortium led by the country's largest private sector lender, ICICI Bank, as part of its financial restructuring exercise.
Olympus Capital, UTI's PE arm to fund Rs 400 crore.
The months of April and May are favourable for airlines, a good time to recover their losses.
Japanese firm to retain Camlin, Camel brands.
Kingfisher Airlines has increased the salary of a section of its pilots, fearing an exodus to rival carriers. Airlines including SpiceJet and IndiGo are in an expansion mode and will be adding 29 planes this financial year, opening new job avenues for pilots.
Though all the regulatory and ministerial approvals are yet to come in, two working groups with specific mandates have been set up.
Move will help AI Express reduce costs and increase fleet utilisation.
If the deal is successful, it would be the first such acquisition for the ADA Group.
Fair valuation of minority stake in joint venture at core of dispute; different worth of shares in two Essar entities a thorny issue.
Ruias to challenge Vodafone's put option, continue reverse-listing plan.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
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