Air India-Singapore Airport Terminal Services, the ground handling arm of the state-owned carrier, will hire 90 per cent of its workforce on contract to start operations at the new terminal of the Delhi airport, according to a senior Air India official. AISATS is a 50:50 profit sharing joint venture between AI and the Singapore-based company. The airline selected SATS as its partner in September 2008.
Canada has decided to rope in its content solution company, OpenText, to do a 'Facebook' on the negotiators.
CRR is the proportion of deposits each bank must keep in the form of cash.
The consortium will use money from commercial development to pay off Rs 5,000-crore debt (Rs 50 billion).
With the government making a distinction between the privately-run Reliance Natural Resources Ltd and the government-run NTPC Ltd in relation with the gas dispute with Reliance Industries Ltd, the ministry of power is likely to take up NTPC's case with the Empowered Group of Ministers.
Tourists who come from across the world to laze around in the balmy beaches of Goa will now have another attraction - it will have not one but two airports.
Having lost their case in the Bombay High Court (HC) against deregistration of their union, Jet Airways pilots plan to go to an industrial tribunal.
RNRL had sought 28 mscmd of gas for 17 years at $2.34 per million British thermal units (mBtu) from Mukesh Ambani's RIL.
Seats being offered by LCCs in international routes up from 3% of the total last year to 10%.
Full-service carriers remain unfazed by the introduction of the business class segment by budget airlines.
An ATC officer's job requires 100 per cent concentration and a break after every one-and-a-half hours.
Low-cost air carrier SpiceJet is looking at ways to raise around $75 million (Rs 335 crore). The airline has given the mandate to IDFC-SSKI for raising funds through preferential allotment of shares and strategic sale. "IDFC-SSKI is working on it and the money will be raised through both preferential allotment of shares and strategic sale," said a Mumbai-based investment banker, who is associated in this deal.
To add aircraft, more services this year, even as full-service airlines hold their expansion plans.
The Eleventh Plan working group report, however, was based on projections of the directorate general of hydrocarbons (DGH).
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
The time taken in land acquisition has been drastically brought down to 12 months from 24 months earlier.
National Aviation Company Ltd (Nacil), the entity formed by the merger of Air India and Indian Airlines, has failed to keep up to its promise -- it is yet to provide equal access to a large part of the 30,000 employees under its fold.
As a pre-requisite, the airline has taken the first step by appointing four independent directors to the state-owned company's expanded 13-member board. Stock exchange listing requirements mandate that one-third of a company's board must consist of independent directors.
"For 2010-11 and beyond, the Kirit Parikh report will be the benchmark. The report is being studied.These decisions are politically sensitive issues and have to be sustained over a period of time," Petroleum Secretary S Sundareshan told Business Standard. "It is impossible to insulate the Indian consumer against the movement in international oil prices."
The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances