With no payments coming in, HAL for the first time ever taken a bank loan of Rs 7.81 billion.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Jet Airways (India) Ltd has defaulted on lease rentals of its Boeing 737s, highlighting the financial difficulties faced by the airline.
The conglomerate, which has received environmental clearance for the project, plans to invest around Rs 1,500 crore in it.
Riding on e-commerce wave is the youngest state, which faces competition from neighbours.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
'It would be a travesty if the Malaysian air force likes the Tejas, but decides against it because it sees the IAF reluctance to back the fighter.'
Here is an explainer and a timeline relating to India's purchase of 36 combat jets.
Five decades ago, 87 plane crashes took away the lives of 1,597 people.
The fleet landed at Al Dhafra airbase on Monday in the United Arab Emirates after flying for over seven hours from the Merignac airbase. It was the only stopover by the jets while flying from France to India.
This being done by the Indian Army, with an eye on the future, which is focusing on strengthening its combative air assets by procuring attack helicopters.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.
The MoD panel had submitted its report in March 2015, weeks before Prime Minister Narendra Modi announced that India would procure 36 jets.
TAL Manufacturing Solutions expects its indigenously made affordable industrial robot, the Brabo, to boost the robotics vertical and contribute almost 40 per cent of its overall revenues in the next five years. Sohini Das reports.
The national carrier's capacity is expected to grow by 9.2 per cent with the addition of six more Boeing 787 Dreamliners to the fleet, they said. As of February this year, the airline has 13 Dreamliners in its fleet out of a total order of 27.
Jet Airways (India) Ltd hopes to minimise the impact of a sharp rupee depreciation by growing its international network over the next few months.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
Beyond the British and Russian strands interwoven into the Indian Navy's equipment profile and the strong drive towards indigenisation evident today, its future in aircraft carriers appears increasingly linked with America.
The Raksha Mantri was unable to address media queries about how much the Modi government was paying for 36 Rafales compared to what the UPA government had negotiated.
Tata's Vistara has a very strong core team to look into daily operations.
Some airlines, says Anjuli Bhargava, are convinced there's a conspiracy to malign them.
It is learnt that the Aeronautical Development Agency, which oversees the development of Tejas, has put together a flying routine that 'significantly surpasses any aerobatics display the fighter has presented earlier'.
The authoritative Congressional Research Service, which provides data and analysis to the US Congress, finds that India no longer features in the world's three biggest arms importers.
Asian and Middle Eastern airlines -- but no Indian names -- dominated the Top 10 slots at the World Airline Awards.
'India placed the order, primarily due to the IAF's 'critical operational necessity'.' 'The complexity of the IAF's requirements delayed the process for months.' 'It is these requirements which cannot be made public.' 'Can you image Indian politicians publicly discussing the pros and the cons of such military equipment?' 'It would provide India's enemies with indications about the IAF's tactical plans in case of a conflict.' 'It is crucial that they should remain secret to protect India's defence preparedness,' explains Claude Arpi.
As his personal wealth started booming, Mallya went on a buying spree.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
'As a society, we are very intolerant to failures which is contrary to entrepreneurship because all entrepreneurs will not succeed.'
The future certainly looks good for Bangalore.
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