Indian players mourn Ahmedabad airplane crash victims before intra-squad match
T20 Mumbai final: Teams observe minute's silence, wear black armbands for Ahmedabad crash victims
Divestment-bound Air India is looking to sell securities of its two provident trusts AIEPF and IAEPF, and has sought applications for transaction advisors to help with the proposed sale of the securities. The Air India Employees Provident Fund (AIEPF) trust and Indian Airlines Employees Provident Fund (IAEPF) trust are governed by the Provident Fund Trust Act, 1925. The two trusts' investments together amounted to Rs 4,500 crore as of August 31, 2021, according to the tender document, seeking RFPs for the appointment of the transaction advisors.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
Reliance Industries (RIL) annual general meeting (AGM) had several stunning announcements. RIL looks to list Jio Platforms (JPL) by June 2026. It targets doubling of FY22 earnings before interest, taxes, depreciation and amortisation (Ebitda) (Rs 1.25 trillion; $14.6 billion) by FY27 implying 14.7 per cent compound annual growth rate (CAGR) over the FY22 levels.
China and Pakistan are in a tight strategic alliance. India must deal with them one at a time, but be prepared in case they decide to collude, points out Shekhar Gupta.
The accident occurred at 7:45 pm while the pilot was attempting to land the B737 Air India Express from Dubai at the tabletop runway of the Karipur International Airport.
In the past few days, more than 40 flights operated by the Indian carriers have received bomb threats which later turned out to be hoaxes.
The sources said, without naming anyone, the party leadership sent a "clear message" during the meeting that this is not a time of airing individual views but for amplifying the party's stand.
A 17-year-old boy in Ahmedabad, who unwittingly captured a viral video of Thursday's devastating Air India AI 171 plane crash, has given his statement to the police, officials said on Saturday.
Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
The commerce ministry on Friday held consultations with key stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India's overseas trade, an official said. The meeting was chaired by Commerce Secretary Sunil Barthwal.
Air India is likely to rejig its team of directors shortly in view of retirement of some of its top officials.
The changes are in view of the requests received from interested bidders and the prevailing situation arising out of COVID-19.
India strongly rejected Pakistan's 'unwarranted aspersions' over United Nations processes and attempts to deflect attention from atrocities committed against children in the country and rampant cross-border terrorism, asserting that the world has not forgotten the Pahalgam attacks.
The Shree Jagannath Temple Managing Committee (SJTMC) has formed a sub-committee, headed by former Lt Governor of Jammu and Kashmir, Girish Chandra Murmu, to suggest measures to ensure full protection of the temple in light of recent security breaches.
'After tobacco, the next most common cause for oral cancer is alcohol.'
To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.
Out of the total amount, Rs 17,359.77 crore is aircraft loan, while Rs 31,517.04 crore is working capital loan.
'If you are selling family silver, and if you are not getting the right value, then what is the point?'
For Harpreet, a 28-year-old IT professional working in Bengaluru, the journey to London was meant to be a joyous reunion as her husband, Robbie Hora, also an IT professional, awaited her arrival there.
Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.
To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. To begin with, the government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national carrier to December 15. The source said bids will be sought on an enterprise value basis - a popular valuation methodology for takeover deals.
Khalid Jamil's rise can't exactly be termed as meteoric but the last eight years has been nothing less than extraordinary for the 48-year-old, who on Friday took over reins of the national men's football team.
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, explains T N Ninan.
According to airline sources, the software, which is of Atlanta-based SITA company, was not functioning approximately from 3 am to 9 am on Saturday. Consequently, boarding passes could not be issued at major airports across the world and various flights were delayed.
The Indian Premier League (IPL) 2025 season has been officially suspended due to escalating military tensions between India and Pakistan.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the eighth pay commission dole-out, is likely to push consumption-driven stocks - such as air conditioners (ACs), select automobiles, fast-moving consumer goods (FMCG), retail, and counters of quick-service restaurants (QSRs) - into higher orbit over the next few months, believe analysts.
Domestic air traffic grew by over 18 per cent last month compared to October last year as Air India's passenger load factor overshot that of IndiGo which had the largest number of flight cancellations, official data showed on Monday.
Amit Shah seemingly encouraging AIADMK dissident Sengottaiyan after party boss Edappadi K Palaniswami had removed his one-time mentor from all party posts has not gone down well with party cadres. They are now ready to buy Team EPS' theory that the BJP and Amit Shah are out to liquidate the AIADMK, points out N Sathiya Moorthy.
In an interview to rediff.com's Vicky Nanjappa, Mohammad Beary, who represents the victims as president of the Mangalore Air Crash Victims Family Association, explains the manner in which Air India has been trying to settle the dues without adhering to the Montreal convention.
Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.
Air India, which operates 72 weekly flights from various cities to Dubai, and IndiGo cancelled their services on Wednesday.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
From the Sensex firms, Eternal, Mahindra & Mahindra, Maruti, Bajaj Finance, Tata Steel, Bharti Airtel, Bajaj Finserv, Asian Paints, Power Grid and State Bank of India were among the laggards. Kotak Mahindra Bank, Axis Bank, Titan, HCL Tech, Tata Motors, Infosys and Tata Consultancy Services were the gainers.
The Director Generals of Military Operations (DGMOs) of India and Pakistan on Monday deliberated on various aspects of the May 10 understanding reached between the two sides on cessation of hostilities.
The formulations in the declaration in reference to terrorism is going to be to our "satisfaction", Dammu Ravi, secretary (economic relations) in the external affairs ministry said on Monday.
Joe Root was at the center of an unexpected on-field spat with India's Prasidh Krishna, as tempers flared during a high-stakes second day at The Oval.
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