In India, the aviation industry contributes five per cent of gross domestic product, around Rs 291 crore (Rs 2.91 billion) in tax contributions, provides four million jobs and another seven million jobs through tourism and related activities.
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
Move to allow the FDI in domestic airlines is expected to benefit Kingfisher Airlines.
"Absolutely not," RBI told reporters when asked to comment on reports suggesting that SBI has agreed to pump more money into the airline. RBI does not oppose "professional decision" of the bank.
Mention the name Missoni, and most think of a fashion empire that revolutionised textile patterns, spawned the no-bra look on the catwalks, and is now a global brand that designs everything from sweaters to sheets to hotels.
In a major relief to cash-strapped airlines, jet fuel (ATF) prices were on Monday cut by a steep 4.3 per cent, the first reduction in rates in three-and-a-half months.
Yatra.com estimates that such discounts have led to some 20 per cent increase in return-ticket bookings with the same airline.
Companies gear up for legal battle as govt makes a dash for cash.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
The Railways Minister said gas stoves carried by some passengers blew up when they were preparing breakfast on the speeding train in violation of rules.
If England beat Panama and Belgium beat or draw with Tunisia then England are through to the last 16.
Cash-strapped Kingfisher Airlines owed over Rs 5,600 crore (Rs 56 billion) to public sector banks as on February this year.
Abstract: The TV presenter-turned-fashion designer attempted to give the Banarasi sari a contemporary twist.
Plans to remove onboard bar to create space.
These silver screen celebs could give Bollywood a run for their money.
Worried by Iran's nuclear ambitions, Saudi Arabia is trying to strike a secret deal with Pakistan to buy ready-made nuclear weapons instead of going through the lengthy process of developing its own, says Amir Mir.
UPA government has decided to take full responsibility for the Rs 4,874 crore East-West Metro Corridor project.
However, any progress on the deal depends upon Goyal giving up control of the company.
The bench refused Purohit's request for staying the proceedings in the trial court, noting that in the past, both the Supreme Court and the Bombay HC had passed orders directing the trial court to expedite the hearing in the case.
The company's net loss widened to Rs 444.26 crore (Rs 4.44 billion) for the quarter ended December 31, 2011, due to high fuel costs and weaker rupee from Rs 253.69 crore (Rs 2.53 billion) in the October-December quarter in the last fiscal.
According to sources, the airline has requested the consortium for a working capital support of Rs 200-300 crore (Rs 2-3 billion) and individual banks are expected to take a call on this in the next few days.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances