Etihad wants to control a domestic carrier that can give it access to over 45 cities in India from where it can bring traffic to its hub in Abu Dhabi and beyond.
Air India, SpiceJet, IndiGo and AirAsia India ready to fill in the gap.
The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.
With passenger growth pegged at 14 to 15 per cent, airport infrastructure could be a make or break business for both new players and incumbents.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
The three options are - a one-time settlement, restructuring of loans and of course go to IBC.
Before the MCC came into effect, Modi was busy laying stones, cutting ribbons, and unveiling plaques across the country.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
The train has a lot to offer to its passengers: Silent run, fully-sealed gangway connecting two coaches, GPS-based passenger information system, modular bio-vacuum and disabled-friendly toilets, intelligent air conditioning that adjusts cooling according to the climate and closed-circuit television for safety.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
Estimated to cost $44 billion, the project was expected to be commissioned by 2025.
Since its launch in September, Ayushman Bharat has issued 20 million cards and has set an ambitious target to hit another 30 million within the next three months.
The Railway Board and employees at Integral Coach Factory in Chennai, makers of the train, are at loggerheads over the proposed transfer of design and reassigning the manufacturing of Train 18 to Modern Coach Factory in Raebareli.
State governments in Punjab, Gujarat, Maharashtra and Jammu & Kashmir are on high alert and have come up with contingency plans to ensure the security of residents in case of a war.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
To maintain smooth flight operations and avert a staff crisis, India's airlines will require an additional 2,000 pilots. Unfortunately, the number of additional commanders being recruited is slowing down.
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
Kerala Chief Minister Pinarayi Vijayan has graduated from being a stalwart of the CPM to a 'strong' mass leader and arguably the 'most able administrator' that the state has seen in over three decades, reports Shine Jacob.
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