Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
While four of the directors would be nominated by Tata Sons, the other two would be representatives of Singapore Airlines.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Tata-SIA will kick off with full-service domestic operations.
AirAsia says deal not violative of shareholder agreement.
The national carrier has drawn a blueprint to cut the number of recognised unions in the airline from 15 to two -- one for pilots and another for the rest of the employees.
Not needed, it says, with 4,600 staffers to retire over next 3 years, plus transfer of 12,000 to new subsidiaries
State-owned Air India has approached the ministry of finance for a sovereign guarantee to raise Rs 2,500 crore (Rs 25 billion) from banks, due to the government's inability to infuse all the required funds into the debt-laden carrier, given the current economic conditions.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
The move is likely to impact Jet's operations out of Belgium and India.
As many as 25-30 new products, upgrades and variants will be launched by the Mumbai-based company in the second half of the financial year, even as hope of a demand turnaround remains distant.
About two dozen car & SUV models and two-wheelers lined up for launch
The testing facility at Rohtak would have more than 30 different tracks covering a length of about 30 km to check the various operational aspects of a vehicle.
Etihad to have 2 directors even if it dilutes stake to 15%
The 36 new properties, which will also include expansion across two new countries, will add 5,431 rooms.
General Motors' Tavera recall prompts Union government to formulate a stricter policy.
The recently anointed managing director and chief executive officer at Maruti Suzuki India Ltd tells Business Standard how he intends to get back to over 50 per cent share in the domestic market, apart from a larger role in the parent's global operations.
The US-based auto maker told the government an internal probe had revealed the company had violated testing targets
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
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