With only a few days to go before the country celebrates Holi, several airline companies offered discounts on fares on the occasion of the festival of colours. While two airlines are providing discounts on both domestic and international networks, another has the offer only for the domestic sector. Low-cost airline Akasa Air said it is offering an all-inclusive one-way fare starting at Rs 1,499 on domestic routes.
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.
Congress leader Priyanka Gandhi Vadra condemned the killing of five Al Jazeera journalists in Gaza, calling it a "heinous crime" and expressing solidarity with Palestinians.
'If you are selling family silver, and if you are not getting the right value, then what is the point?'
According to the DRDO chairman, the BrahMos missile, primarily launched from Sukhoi Mk 1, was used during the offensive phase.
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.
'We need to be very vigilant as we are passing through some fraught times.'
The Foxconn move may have been prompted by the Chinese government's focus on strengthening its supply chain.
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.
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.
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.
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.
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.
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.
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.
Indian players mourn Ahmedabad airplane crash victims before intra-squad match
Trump's one-on-one meetings with Putin during his first term were clouded with mystery. With only a translator inside the room, it was often unclear what exactly was discussed. Aides had a difficult time ascertaining if the two reached any agreements. After one such meeting, in Germany, Trump asked his interpreter to discard his notes.
T20 Mumbai final: Teams observe minute's silence, wear black armbands for Ahmedabad crash victims
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.
Trump stated that Russia will face "severe economic consequences" if Putin doesn't show interest in de-escalating the Ukraine conflict.
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.
It is high time India ends its silence on the human cost of the Gaza war and takes a principled stand without diluting its relations with Israel. A largely friendless Tel Aviv today needs New Delhi more than the other way around. India's failure now may cost it diplomatically in the long run, cautions M R Narayan Swamy.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
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.
A K Chopra, a retired DGCA official, had flagged concerns regarding engineering, flight safety, operations, and training standards in the airline and subsidiaries, thus warning the management of grave safety risk. He also called for the replacement of the chief of flight safety Harpreet A De Singh, who, he said, did not meet the regulatory requirements for holding the post.
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.
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.
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.
Air India, which operates 72 weekly flights from various cities to Dubai, and IndiGo cancelled their services on Wednesday.
The plane lost contact with air traffic control officials and landed in Mumbai after around four hours.
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.
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.
The Indian Premier League (IPL) 2025 season has been officially suspended due to escalating military tensions between India and Pakistan.
Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.
'After tobacco, the next most common cause for oral cancer is alcohol.'
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.
Tata Group-owned AirAsia India, which is in the process of being merged with Air India Express, has taken short-term loans worth Rs 630 crore during the last six months to deal with cash crunch. AirAsia India has been making losses since its first commercial flight on June 12, 2014. Its net loss increased by 42 per cent to Rs 2,178 crore in FY22.
This is the fourth extension given by the government for putting in bids.
The bench, which wanted the Civil Aviation Ministry to think over the various issues plaguing the national carrier, also said other area of concern was the priority given to private airlines with Air India aircraft being asked to hover around during the peak landing hours causing huge loss of money on fuel.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances