In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
Focusing on low GDP growth in recent years, therefore, masks the deeper crisis facing manufacturing and mining.
The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes.
With six airports handed over to the Adani group for 50 years, the government is now all set to hand over another 25 airports to private players in a bid to 'monetise' them. Official figures reveal that since 2017-18, the government has spent and will be spending Rs 14,500 crore on significantly revamping infrastructure at most of these airports before handing them over to private players. The Airports Authority of India (AAI), which operates these airports for the government, has spent billions of rupees in building new terminal buildings, runways, reinforcing taxiways, upgrading aircraft landing systems, radars and a host of other heavy duty and capital intensive infrastructure works.
Credit Suisse said if the deal fructifies, then this will bring together the largest offline and online retailers in India.
China on Friday said that any successor to the present Dalai Lama should be approved by it, ruling out recognition to any heir nominated by him or by his followers.
Presenting the budget for the sixth consecutive time in the Assembly, Sisodia said the Delhi government will implement the Ayushman Bharat Yojana of the Centre in the national capital.
Australia dominated with bat, ball and in the field to post their second successive innings victory over Pakistan
Former captain Sourav Ganguly, on Monday, hailed India's historic Test series win in Australia and said wicketkeeper Rishabh Pant is one for the 'future'.
The Union home ministry on May 13 had declared that these canteens will only sell indigenous or "swadeshi" products from June 1 in a bid to give fillip to domestic industries.
Some of the key fighter jet acquisitions over the years and the combat capabilities they possess that made India's airmen a force to reckon with are.
Invisible Scars wants to bring domestic abuse out of the bedroom and into public discourse.
'No country has a richer history than India. We cannot let someone twist our history.'
Maharashtra, Tamil Nadu, Karnataka, Delhi, Telangana, UP and Andhra Pradesh contribute to around 75 per cent of the new cases, according to the Union health ministry data.
Indian wines are getting better all the time, says Alok Chandra.
The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a mill in Brinsworth.
Sahara Group pulled out of the Indian Premier League following financial dispute with the BCCI.
The Sahara India Group pulled its team Pune Warriors India out of the Indian Premier League following the Board of Control for Cricket in India's decision to encash the bank guarantee after they failed to pay the franchisee fee.
Amazon CEO Jeff Bezos is in India this week and is expected to meet top government functionaries, business leaders and SMBs.
The factory is likely to come up beside the current Renault-Nissan factory at Oragadam, near Chennai, according to reports.
The provisional restructuring plan has been carried out by lenders, led by State Bank of India, under the Reserve Bank of India's February 12, 2018 circular.
'We are rolling out a vaccine when we don't even have the phase 2 trial results; forget about phase 3 trial results.' 'Why are we playing with people's lives?'
About five years ago, the Democratic Party's presidential nominee learned that there are five Bidens living in Mumbai, but is probably yet to make a connection with them.
The armed forces have been pushing for adequate allocation of funds so that they are well prepared to deal with the possibility of a "two-front" war on both northern and western borders.
French police fired tear gas to disperse dozens of people trying to enter the "fan zone" at the foot of the Eiffel Tower to watch the final of the Euro 2016 soccer tournament on Sunday evening to prevent overcrowding.
Holders Chelsea and Manchester United will replay their FA Cup quarter-final at Stamford Bridge on April 1, the Football Association said in a statement on Wednesday. The match, on the Easter Monday holiday, will kick-off at 1700 IST.
Due to unfavourable industry prospects and given that the September quarter is traditionally a weak one, the outlook for SpiceJet is not favourable.
Once all formalities are completed, the ONGC consortium will spend about Rs 1,700 crore (Rs 17 billion) on developing these three blocks, sources indicated.
The teams clash at the Etihad stadium on Sunday (1700 IST) with United three points clear of champions City.
Over 1,700 inmates have taken shelter in relief camps in trouble-torn Kokrajhar and Chirang districts of Assam since on Thursday following tension in the wake of a Bodo member of Legislative Assembly's arrest.
The finalists will present their research findings across 16 branches of science between March 7 and 13 this year.
The special trading session would be conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity.
Sources said Abu Dhabi-based Etihad would pick up 24 per cent stake.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
The Board of Control for Cricket will invite fresh tenders for Indian Premier League franchise Deccan Chargers after a bid from PVP Ventures was rejected by the Hyderabad-based team at an auction in Chennai on Thursday. Deccan Chargers had put their team up for sale and PVP Ventures were the only ones interested, but their bid of Rs 900 crore was rejected by the 2009 IPL champions.
Shares of Jet Airways surged 16 per cent to close at Rs 505.7 on Friday on speculation that Etihad Airways might buy 24 per cent in the company.
'Nirmalaji's Budget announcements have long-term implications and are not backed by enough money when the short-term outlook looks bleak,' notes T N C Rajagopalan.
The UAE-based Emirates Telecommunication Corporation (Etisalat) on Thursday filed a petition against Shahid Balwa and Vinod Goenka, promoters of the beleaguered Swan Telecom, for "fraud and misrepresentation".
However, a higher high from this rally will not negate a deeper correction to follow sometime in December, says Sonali Ranade
Tax authorities had already sent a notice to Nokia India for failing to collect tax deducted at source.
