Private sector airline Jet Airways will give its A340-300E aircraft on short-term wet lease to Air-India to operate a daily flight between Mumbai and London.
From a dismal Airport Service Quality ranking of 101 in 2006, it topped the list in 2016.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
Air-India will sell 376-room Centaur Hotel at Delhi airport and two Chefair flight kitchens of its subsidiary Hotel Corporation of India in the second round of divestment.
A day before the opening of its initial public offering, Jet Airways on Thursday said it will pay up to $7.5 million to acquire trademark and intellectual property rights from Naresh Goyal-promoted Jet Enterprises Private Ltd.
Maran challenged reports that he and another company official have been summoned as accused by a Delhi court in two tax evasion cases
A Ganesh Nadar/Rediff.com brings you some fascinating facts and photographs from India's first international rail exhibition.
RBI, Enforcement Directorate to see if money was sent to tax haven
The company contented before the tribunal that the amount was paid outside India.
Vijay Mallya, during the past two days, had ceded a marginal stake in it, allowing Heineken to be the single largest shareholder.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
It had declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he had failed to appear despite repeated summonses.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
Such classfication brings with a high cost, including closing of formal credit channels, and likely criminal proceedings.
The board of state-run international flag carrier Air-India Ltd on Saturday deferred a key multi-billion-dollar plan to buy up to 17 planes from either Boeing or Airbus, a spokesman said.\n\n\n\n
Air-India Ltd's board will discuss on April 3 whether the state-run long-haul carrier should place orders for 17 long-range aircraft from Boeing or Airbus, a spokesman for the airline said on Wednesday.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
The airline is gearing up to come out with an initial public offer.
Beleaguered liquor baron Vijay Mallya on Wednesday announced he will retire as chairman of Sanofi India and will not seek reelection as a director of the drug maker.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
This will be the largest claim in the aviation sector for Indian insurers in the last three years
Bad debt rules are steps in right direction.
When Vadodara businessman P Radhakrishnan was told he could not get his bag back when he was offloaded from a flight in the US, he asked the ticketing agent a question. The next thing he knew, he was under arrest, accused of 'terrorising.'
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
The 25-seater aircraft is interspersed with plush sofas, a cushioned bed, bars, showers and a bathrobe
The C919 - a twin-engine, narrow-body aircraft seating up to 174 people - is similar in size to the Airbus 320.
The court had on January 4 declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he failed to appear before it despite repeated summonses.
"He is expected to be produced before the court for a second bail application hearing on March 29," a court official in London confirmed on Tuesday.
California-based Mendocino Brewing Company, which sells a number of beer brands including Kingfisher in the US, has got Mallya as its chairman and is owned by UB Group through a complex shareholding structure
The Supreme Court has rejected an appeal by Vijay Mallya to overturn charges against him for allegedly violating foreign exchange rules, adding to the legal challenges facing one of the country's most prominent businessmen.
India's main hubs are bursting at the seams.
First case filed after new norms come into force, NCLT admits plea.
An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Mallya will now be the Founder Emeritus of USL
