Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
Doctors fear that the number of people suffering from water borne diseases and children falling prey to measles and other communicable diseases would increase once stagnant sea water recedes from the villages of the Sunderbans.
A Nigerian militant group on Monday demanded the release of its leader, in return for setting free an Indian sailor, along with five foreign crew members of a chemical tanker. Nigerian militant group Movement for the Emancipation of Niger Delta sought the release of its leader Henry Okah for medical treatment abroad.
Consolidation seems to the key word among private equity (PE) backed companies. In the first few months of 2011, about 20 merger & acquisition (M&A) deals worth $150 million took place.
GIHL had won a 10-year concession for the 1.3 million tonne Ajaokuta Steel and Nigerian Iron Ore Mining in 2005, after acquiring control of Delta Steel in 2004. However, Global Steel Holdings (formerly GIHL) in a statement today said GSHL/Global Infrastructure Nigeria has not been receiving the promised support from the Federal Government of Nigeria (FGN) as contemplated under the share purchase agreement.
According to police, Amarjit Kaur Lally planned to kill two individuals by hiring a hit man at Delta city in British Columbia.
As many as 300 districts in India are reporting weekly COVID case positivity of more than five per cent, the Union government said on Wednesday as it warned against treating the infection due to the Omicron variant as common cold and urged people to get vaccinated.
Flight services were disrupted in Karnataka while in Tamil Nadu, heavy rains battered Karur, Ariyalur, Perambalur, Thanjavur, Tiruvarur and coastal Pudukkottai and Nagapattinam districts.
The flood situation in Orissa worsened on Thursday after 43 new breaches on embankments in the Mahanadi delta region submerged more areas even as the deluge claimed 48 lives so far.
As gushing water from breaches in Orissa's Mahanadi delta engulfed fresh areas, more naval and paramilitary men on Tuesday joined relief work for the marooned people in the flood, which has affected 38 lakh people and claimed at least 31 lives.Union Home Minister Shivraj Patil arrived in Bhubaneswar on Tuesday on a day's visit to make an aerial survey and assess the damage.
"We are apprehending a major flood in the Mahanadi system as a huge volume of water is heading downstream," Chief Secretary Ajit Kumar Tripathy told reporters in Bhubhaneshwar.
Bajaj Finance was the top gainer in the Sensex pack, rising around 4 per cent, followed by Maruti, SBI, Bajaj Finserv, Sun Pharma and Asian Paints. NSE Nifty rallied 293.05 points to 17,469.75.
The former US president urges fellow Americans to get vaccinated.
135 women of 232 battalion's Delta company are undertaking operations in Jharkhand forests.
In an apparent case of murder-suicide, a Malayali woman and her two children were found dead in the family's home in Delta Township, west of Lansing, Michigan.The dead victims were identified as Brigeethamma Shajimon, 40, Alwin Shajimon Thomas, 10, and Alfred Shajimon Thomas, 5, by the Eaton County Sheriff's Office.Brigeethamma's husband Shajimon Thomas called the police on Monday evening. He told the police that he had found the bodies in his home at Plum Tree Apartments.
The all-new ZS EV will be available in two variants -- Excite and Exclusive, priced at Rs 21.99 lakh and Rs 25.88 lakh, respectively. The company said it has initiated bookings for the Exclusive variant, while bookings for the Excite trim will commence from July 2022. The model comes with the largest in-segment 50.3-kWh (kilowatt-hour) battery with advanced technology, offering a 461-km certified range in a single charge.
A team of Spanish researchers have found that Delta9 tetrahydrocannabinol or THC, the main active component of marijuana, induces death of various human brain cancer cell lines and primary cultured human brain cancer cells by a process known as autophagy.
Speaking at a virtual conference organised by the Confederation of Indian Industry, Suchitra Ella, joint Managing Director of the city-based vaccine maker, said the company's facilities in four cities -- Hyderabad, Bengaluru, Pune and Ankaleshwar -- are currently producing Covaxin.
Normal life returned in various parts of the state, including the Cauvery Delta districts, as there were no rains since Thursday.
The events, trends, and goofs that defined 2008
Under flak from several MPs over the Jet-Etihad deal, government on Monday said it had "no role to play" in the sale of Jet's slots at London Heathrow airport to the Abu Dhabi-based airline.
No major price skirmishes expected; Passengers seem to prefer flights with a short stop-over.
Andhra Pradesh Chief Minister Dr Y S Rajasekhar Reddy on Tuesday sought a massive central assistance of over Rs 31,000 crore (Rs 310 billion) for accelerating the development in various sectors in the state.
Polio patients Imtiyaz and Ulfat, and Priya, suffering from nervous disorder, have all the reasons to thank the army
The Non-Resident Keralite Affairs Department was also in touch with the Indian Embassy in Nigeria to find out about Murugan, Achuthanandan said while replying to a submssion.
More than a million people were left homeless and many more in need of humanitarian assistance, with the deadly cyclone devastating large areas of Myanmar and killing at least 22,000, the United Nations said on Thursday. Another 41,000 are still missing. UN Secretary General Ban Ki-moon urged the Myanmar government to respond to the outpouring of international support and solidarity, by facilitating the arrival of aid workers and the clearance for the relief supplies.
The Irrawaddy delta, which was directly hit by Cyclone Nargis on Friday, remains cut off and it could be days, or even weeks, before aid reached the victims, UN said. Reports from Myanmar said in Yangon, volunteers including Buddhist monks and the army were trying to clear the debris, but in the adjoining areas where most of the more than 22,000 people died and twice the number went missing, the survivors were on their own.
There is a process to be followed for EUL and pre-qualification of vaccines under which a company has to complete phase 3 trials and submit the whole data to the regulatory department of WHO which is examined by an expert advisory group," Swaminathan said.
The tragic incident occurred on Wednesday when the Appar temple's chariot procession was passing through the Thanjavur-Boodalur Road.
Businesses have donated nearly $14 billion to cure society's many ills.
Air France-KLM is planning to invest directly in the US airline industry for the first time by taking a minority stake in the group expected to be formed from a merger of Delta Air Lines and Northwest Airlines, the number three and five US carriers.
The Olympics will take place without spectators in host city Tokyo, organisers said on Thursday, as a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event.
American carrier ATA Airlines has named India-born Subodh Karnik as its president and chief executive officer effective from 2007.
Indian allowed Malaysia to a 1-1 draw in women's four-nation Singapore International Hockey Challenge.
The Omicron variant of COVID-19 is in the community transmission stage in India and it has also become dominant in multiple metros, where new cases have been rising exponentially, said Indian SARS-CoV-2 Genomics Consortium.
As competition hots up, airlines are doling out freebies to wean away customers.
LML Limited recently signed Bollywood heartthrob Shah Rukh Khan as the brand ambassador for its Freedom range of motorcycles.
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