The consortium led by SBI has also initiated the process of recovery.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
These measures follow the Germanwings crash last month.
Ajay Singh will team up with two blue-chip investors to bail out the airline
Companies say that unlike in the US and other countries, in India the high cost of rentals and lower ticket price makes it unviable to run an operation without half the seats available for sale.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
Sathe had suffered multiple injuries on his skull in that incident, but due to his strong will power and passion he cleared the test and started flying again, his cousin said.
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The company had reported a net loss of Rs 650.78 crore (Rs 6.5 billion) in the same period a year-ago, Kingfisher Airlines said in a filing to the Bombay Stock Exchange.
Second deal in 4 months after tie-up with RIL for cargo airlines.
'We built it in the last three years and then one day, they came and they said you have to close it'
His portfolio was worth Rs 12,333 crore at the end of June 2018. It was worth Rs 10,633 crore at the end of the September quarter. Smallcaps account for the largest number of his stock-picks. Such a fall has now happened for the third quarter in a row.
The airline had reported a net loss of Rs 321.5 crore or Rs 3.21 billion in the same period a year ago.
Chaos ensued in the Lower House as Ashok Gajapathi Raju refused to heed the demand of revoking the flying ban on Ravindra Gaikwad.
International Air Transport Association, which had suspended it from its Clearing House on Wednesday, said Kingfisher has been suspended from participating in the global airline body's Billing and Settlement Plan and Cargo Accounts Settlement System.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
Flight PK-303 from Lahore was about to land in Karachi when it crashed at the Jinnah Garden area near Model Colony in Malir, just a minute before its landing, officials said.
On Thursday, four members of the Hindu Sena, a fringe right-wing group, ransacked the fifth floor office of Pakistan International Airlines in New Delhi.
Shiv Sena MP Ravindra Gaikwad, who has been banned from flying by several airlines after he assaulted an Air India staffer on March 23, reached Delhi on Wednesday via a chartered flight, according to sources.
In mid-September, the auditors had raised questions on Kingfisher Airlines' viability to run operations, based on the 2010-11 profit & loss statement.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
Co-owner Vijay Mallya resigned as a director of the Force India Formula One team but will continue to serve as principal and shareholder.
The lenders have not ruled out selling the property to recover part of their loans to the company.
'I used to tell my wife to pack extra food in my tiffin so that I could at least offer that to my colleagues who were living on vada pav.'
Australia Prime Minister Tony Abbott said, "We owe it to the dead to bring the guilty to justice".
A Mumbai-Delhi air ticket is now available upwards of Rs 3,700 for next day travel on all airlines.
The president, however, implied about declaring a national emergency if the Congress did not approve a funding for the wall by February 15.
The trademarks/brands on the block include Fly Kingfisher, Flying Models, Funliner, Fly the Good Times, Kingfisher and Flying Bird Device.
State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck.
The Pentagon has said Russia was supplying air defence system to the Ukrainian separatists believed to have shot down the Malaysian airliner earlier this month killing all of the nearly 300 people on board.
Marriages are are bound to happen pandemic or not.
With an increasing number of people from the Indian-American community playing a significant role in US elections, Congressman Raja Krishnamoorthi said there is a realisation among them that "if you don't have a seat at the table, you're on the menu -- that is why they are voting and running for office in large numbers".
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
A regulator has to ensure that fares have transparency.
The government also said it will hold consultations with the airlines to explore the possibility of curbing the menace of charging exorbitant airfares during emergency situations.
Several hours after Malaysia Airlines flight MH17 was shot down over Ukrainian airspace, global outrage seemed to be aimed at Russia
