The senior pilot was suspended in May last year after being found guilty of sexual harassment by an internal committee of the airline. The committee imposed a 'major penalty' on Captain Sachin Gupta, who has now appealed to the next authority against the punishment.
We followed the highest standard of corporate governance and disclosures, says Nilekani.
"The AI865 flight on Thursday got delayed as it developed a technical snag. It had to return to the bay. Passengers started knocking on the cockpit door, asking and taunting the pilots to come out," said an airline official. "One male passenger even said that he will break open the cockpit door if the pilots didn't come out," the official said, adding the situation inside the plane "went from bad to worse".
Mid and small companies are more generous in rewarding their CEOs as compared to their larger peers.
The move is expected to give a major relief to Air India, which suffered a huge financial loss of around Rs 491 crore.
The DGCA is conducting special audit of all airlines and airports which are in monsoon-affected areas in the wake of multiple landing incidents across the country.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
The new government's challenge would be to reverse the tide in FDI, boost manufacturing and come up with an e-commerce policy that is fair to all investors.
Exposure to these funds should not exceed 10% to 15% of the equity portfolio and the investment horizon should be at least seven years.
Investors should take limited exposure in credit risk funds.
About 350 Boeing 737 Max 8 are currently in service with airlines around the world, with thousands more on order. Boeing insists it has no reason to pull the popular aircraft from the skies.
DGCA has told the airline that only "air worthy" aircraft, which are completely fit for flying, should be used in operations.
On the flipside, since 60-70 per cent of the costs pertain to raw material, which are mostly imported, currency fluctuation is a key risk for the segment.
'We have to find a way out of this confrontational politics.'
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