The government has already struck off 226,000 companies from the register for not filing statutory returns
'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
Vistara announced the new fare model giving its economy class customers the choice to forego complimentary meal for a ticket price which is Rs 500-1000 cheaper than the standard fare.
Some of the popular brands that would be impacted include Phensedyl (Abbott), Tixylix (Abbott), Gluconorm PG (Lupin), Ascoril D (Glenmark), Solvin Cold (Ipca), D Cold Total (Paras Pharma).
On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.
Apart from shell companies, 'vanishing' companies are also on the ministry's radar. As many as 400 companies are not traceable, despite being listed on the bourses.
In its investor presentation, IHH said it wanted to develop Fortis into a market leader.
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
This will be the largest claim in the aviation sector for Indian insurers in the last three years
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
The Maharashtra government has banned the use of single disposable items made from plastic such as spoons, forks, cups, glasses. Plastic bags and wrap used for packaging or storing products too is covered under ban.
Experts believe the move will have little impact given limited production of generic drugs and authority of doctors in prescribing medicines.
When shares in the electronic form are available with the depositories, it acts as primary evidence for those who hold the shares.
Of the Rs 4,405 crore unpaid debt of 12 companies, more than half was locked in just one Mumbai-based real estate company, Kohinoor CTNL Infrastructure.
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
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