The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
According to authorities, the group is suspected to be operating together as part of an international in-flight theft racket.
Dempo Sports Club began their season with a comprehensive 4-1 win over Air India while defending champions Mahindra United were held to a goalless draw by new I-League entrants Lajong FC in the 122nd ONGC Durand Cup football tournament in Delhi on Monday.
An unbeaten half-century by Deepti Sharma guided India to a four-wicket win over England in the first Women's ODI in Southampton on Wednesday.
'They are in a very bad state. They have to be forced into eating.'
'That way you're not hostage just to US sort of exports to India.'
Salt-to-software conglomerate Tata group was among "multiple" entities who on Monday put in preliminary bids for buying the government's stake in loss-making carrier Air India.
A selfie taken by Dr Prateek Joshi onboard the flight, showing the smiling family, has gone viral, capturing their excitement for the journey ahead.
India bag double podium finish in 10M air rifle mixed team event at junior shooting WC
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
The invitation cards for the 79th Independence Day celebration also carry the Operation Sindoor logo, and the water mark of Chenab bridge to exemplify the rise of 'Naya Bharat'. Floral decorations at the venue will also be based on 'Operation Sindoor'.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
In recent times, there have been various incidents of unruly passengers onboard domestic and international flights.
Authorities have so far identified 31 victims of the Air India plane crash in Ahmedabad through DNA testing and 12 families have claimed the mortal remains till now, an official said on Sunday.
The Indian Army's Air Defence units successfully shot down multiple Kamikaze drones launched by Pakistan after they crossed the International Border in Punjab's Amritsar early Saturday morning. The drones, identified as Byker YIHA III models, were carrying high-explosive payloads and were headed towards densely populated civilian areas. The incident highlights the efficiency of India's multi-layered air-defence system.
IndiGo will start direct flights to a total of 10 international destinations, including London and Athens, in the current financial year, its CEO Pieter Elbers said on Friday. Other destinations include Amsterdam (the Netherlands), Manchester (the UK), Copenhagen (Denmark) Siem Reap (Cambodia) and four places in Central Asia.
'I was stunned when he started crying and profusely apologising to me, begging me not to lodge a complaint against him because he is a family man and did not want his wife and child to be affected by this incident'
Aviation watchdog DGCA has granted IndiGo a six-month extension to operate two leased Boeing 777 aircraft from Turkish Airlines, subject to certain conditions. This decision comes after a previous extension and amidst geopolitical considerations.
Tourists hesitant to visit America due to frequent policy changes there.
A passenger spotted the note with the message "There is a bomb in the flight" written on it inside the toilet and alerted the crew, a Sahar police official here said.
'AAIB preliminary report was more detailed than most people were expecting.'
'Take care Maa, flight take off karne wala hai, wapas aakar baat karti hoon.'
Anil Khimani, the last victim of the horrific June 12 Ahmedabad plane crash identified through DNA tests, has been cremated in Gujarat's Kutch district, bringing closure to the family after two weeks of wait and distress that included submission of samples twice.
The Ahmedabad air tragedy, which claimed the lives of all but one of the 242 passengers and crew on board, and several others on the ground, has left deep scars on BJMC's residential quarters and the psyche of the survivors.
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.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
India's strikes on Pakistan damaged runways and structures across at least six airfields, according to a visual analysis by The Washington Post, which experts said were the most significant attacks of their kind in decades of simmering conflict between the two nations.
Trump, who has repeatedly said that he stopped the conflict between India and Pakistan through trade, last Friday said for the first time that "five jets were shot down" during the fighting.
'Visualise those 15 to 18 seconds: Fully loaded aircraft, pilot manually controlling with both hands (no autopilot immediately after takeoff), looking forward while switches are behind.'
Newly appointed India head coach Khalid Jamil on Sunday cleared the air about the leaving out of talismanic striker Sunil Chhetri from the CAFA Nations Cup national camp, saying it was just a preparatory tournament for the crucial Asian Cup qualifying round matches in October.
An A320neo plane of Tata Group-run Air India returned to the Mumbai airport just 27 minutes after takeoff as one of its engines shut down midair due to a technical issue, sources said on Friday.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
'The people who are missing are the people who used to work in the mess.'
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.
The government has initiated the process for inviting financial bids for the sale of national carrier Air India and the deal is likely to conclude by September, sources said. Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year. The sources said that after analysing the preliminary bids, eligible bidders were given access to the Virtual Data Room (VDR) of Air India, following which investors' queries were answered.
Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday.
BCCI vice president Rajeev Shukla has reiterated that the resumption of bilateral cricket between India and Pakistan is contingent upon the Indian government's approval.
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