He also assured the kin of victims that steps would be taken to get them compensation in line with an international convention of International Civil Aviation Organisation (ICAO). Taking stock of the crash of the Dubai-Kozhikode AIE flight in Kozhikode and the relief measures, the minister said pilot in-command of the plane, Captain Deepak Vasant Sathe, among those killed in the accident, was one of the most experienced commanders with more than 10,000 flying hours.
It is only an attempt to sensationalise the issue, RIL director and Supreme Court advocate Y P Trivedi said.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Team-building, lifting employee morale, stanching the attrition rate are a few immediate tasks on his hands.
NTPC CMD said it will take nearly 3-6 months to put the unit back on track.
United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
The Sena also asked why the government was only talking about discipline while flying and not on the ground as well, and why the Centre does not threaten to dissolve a state assembly when there is even one incident of farmer suicide.
In one step forward, the Civil Aviation Ministry on Wednesday met for the first time to decide on allowing the Airbus A-380s to operate at some airports, years after some major foreign carriers sought the right to fly these superjumbos to India.
Oriental Bank of Commerce on Friday said its profit will dip this fiscal due to acquisition of the ailing Global Trust Bank and hinted at another round of voluntary retirement scheme to cut excess flab.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
Clearly, the domestic market has taken sharp knocks in April, which is likely to be visible in May as well, said analysts tracking the market, as FMCG companies are grappling with improving capacity utilisation and dealing with labour shortage.
Bharti Cellular Limited CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia on Friday got a breather from the Supreme Court which exempted them from personal appearance in the trial court in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002.
Memories of an era gone by are all that remains for telegraphists, considered the backbone of the historic 163-year-old telegram service, which bids its final adieu.
The expert committee sought more information from Serum Institute regarding the Oxford-AstraZeneca vaccine.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
It further asked the government to make suitable arrangements for smooth functioning of the bank.
It includes a session with Gadkari on analysing the initiatives needed to bridge the $1 trillion infrastructure deficit in the country.
While Bhasin will be getting provident fund money and gratuity, he would not be getting leave encashment for 420 days, medical reimbursement for himself and wife, free passes for himself and wife, and holiday home facilities.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
CVC K V Chowdary and Vigilance Commissioner T M Bhasin completed their tenure at the anti-graft body on Sunday and Monday respectively.
Activist Subhash Chandra Agarwal had appealed to the CIC saying that the government had not provided "any information on the ground that the desired records constituted Cabinet papers and therefore could not be disclosed."
Mittal and Ruia did not appear in the Special CBI Court on Monday while one of the accused, Canada-based NRI Asim Ghosh, who was the then Managing Director of accused firm Hutchison Max Telecom Pvt Ltd, is yet to be served with the summons issued against him in the case.
Mittal, Ruia and former Telecom Secretary Shyamal Ghosh appeared before Special CBI Judge O P Saini and the court adjourned the matter in pursuance of the order passed by the Supreme Court on April 18.
Both the accused placed on record the apex court's order and submitted separate personal bonds.
The court, after going through the apex court's order on separate petitions filed by Mittal and Ruia, listed the matter on April 16 for further proceedings. The apex court will hear their pleas on April 15.
The Supreme Court on Tuesday agreed to hear Bharti Cellular Limited CMD Sunil Bharti Mittal's plea challenging the March 19 order of the special court summoning him as an accused in a corruption case related to allocation of additional 2G spectrum during the 2002 NDA regime.
Mittal asked the Supreme Court to quash CBI court summons.
United India Insurance Company plans to enter the West Asia and South Asian Association for Regional Cooperation countries to tap the potential in these regions due to a presence of a large India diaspora.
The announcement by Air India CMD Rohit Nandan came on a day when two of the airline's six Dreamliners resumed commercial operations and operated regular flights from Delhi to Bengaluru and Kolkata.
Without assigning any reason, Justice Dave, who was part of the bench headed by Chief Justice Altamas Kabir, opted out of hearing the pleas of Mittal and Ruia challenging the summons issued to them in the case.
On Thursday, the SC will resume hearing on Mittal's plea challenging the court's summons.
The officer can use the Evidence Act to bring VBS' identity to light.
He did not see any difficulty in recovery as most of the good companies were growing at 10-12 per cent.
Prime Minister Narendra Modi is set to meet top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, at a roundtable in Melbourne next week.
In his address to the nation from Red Fort on Independence Day, Prime Minister Modi had given a clarion call to free India from single-use plastic.
Wife Nita, who joined the board as non-executive director in FY15, draws Rs 84 lakh
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