On February 19, India's largest private low-fare airline IndiGo announced the resignation of one of the two founders, Rakesh Gangwal, from the airline's board and his intentions of offloading his stake in the airline over the next five years. The announcement came on a Friday, giving the stock markets the weekend to absorb the news but the markets registered a tepid response on Monday's opening. In contrast, in July 2019, when the fight between the two founders and erstwhile friends first became public, the markets reacted savagely. The IndiGo scrip at the time fell 19 per cent, wiping out millions of rupees of shareholder wealth before bouncing back. For readers who may be hazy on the details of the dispute, here is the context.
New Delhi remains a priggish suitor to Washington's overtures, but it has begun appreciating potential tech benefits to ties with the US.
India was continuously keeping an eye on the movement of the Pakistani military but after Indian Air Force hit the Jaish terrorist factory in Balakot, one of the most advanced Pakistani Agosta-class submarines - PNS Saad - vanished from the Pakistani waters, a senior government source said.
The 1971 war reaffirmed the importance of inspirational senior leadership in battle and heralded the emergence of a new fighting class amongst officers and men of India's armed forces.
'When armies start attacking with clubs and batons, then at some point this can take an escalatory spiral and spin out of control.'
Mumbai's famous dabbawalas are reinventing themselves to meet the challenge posed by food delivery portals.
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
The deceased CRPF personnel are assistant sub-inspectors Mahadeva P, 50, and Madan Pal Singh, 52, and head constable Saju O P, 47, officials said.
he immunity built from the vaccine does little to stop it from transmission, warns Dr Raj Agarwal. You may harbour the virus as a carrier, and be a source of infection to others who are less fortunate and haven't got a chance to get vaccinated yet.
The 2.3 million strong People's Liberation Army, the world's largest, adopts a more aggressive posture with massive structural revamp.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
Sources in the know confirmed Vistara, the joint venture between Tata Sons and Singapore Airlines, had booked six slots at the airport in New Delhi, adding it was ready to fly once it secured the government's nod.
'In AAP, those who are in charge of a particular state provide information to Arvind Kejriwal. 'In the BJP, several organisations convey what is happening on the ground to the top leadership.' 'There are so many channels through which issues are being understood.'
'We have been found seriously wanting in addressing our undersea warfare capability and China's emergence is a cause for concern.'
The defence ministry has already shortlisted two Indian shipyards and five foreign defence majors for the project, being billed as one of biggest "Make in India" ventures.
India's plan to buy futuristic tanks and infantry combat vehicles -- estimated to be worth Rs 80,000 crore to Rs 100,000 crore each -- will certainly intimidate Pakistan which already feels threatened by our vast tank strength.
It is time the current leaders who swear by 'cultural nationalism', that is religion neutral, assert that Bharatiyata is at the core of our nationalism and India was never a 'Hindu Rashtra', argues Colonel Anil A Athale (retd).
The Civil Aviation Ministry is looking to increase air seat entitlement to Dubai by 20%.
Private carrier Jet Airways, which is engaged in a legal battle with Sahara group over the failed deal to acquire Air Sahara, is understood to be holding discussions with the Sahara top brass for an out-of-court settlement.
Indian airline SpiceJet Ltd said on Thursday that its billionaire owner, Kalanithi Maran has proposed to transfer majority ownership in the ailing carrier to co-founder Ajay Singh.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.
Asian Games silver medal-winning sailor Sweta Shervegar, a qualified homeopath, dons a PPE kit to become a COVID warrior in Mumbai.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
On December 10, Kissinger began to encourage the Chinese to take action against India: 'If the People's Republic were to consider the situation on the Indian subcontinent a threat to security, and if it took measures to protect its security, the US would oppose efforts of others to interfere with the People's Republic.' On the 50th anniversary of India's greatest military victory, Claude Arpi recalls how the US suggested that China intervene militarily on Pakistan's side.
'Any conventional conflict could trigger a nuclear war with results that neither India nor Pakistan could survive easily.' >A revealing excerpt from Shuja Nawaz's The Battle For Pakistan: The Bitter US Friendship And A Tough Neighbourhood.
A court ruled in favour of Vodafone on Friday in a long-running dispute with the Indian taxman, a boost for the British telecom group whose tax battles have been seen as emblematic of the troubles facing foreign investors in India.
A whitepaper released by the Chinese government gave a lengthy explanation to refute the allegations of cover up and delay by Beijing on reporting the COVID-19 outbreak last year in Wuhan. United States President Donald Trump and leaders of several countries have accused China of not being transparent in reporting the deadly disease, leading to huge human casualties and economic crisis across the world.
Shi explained that she and a group of researchers obtained samples of coronavirus on December 30 last year and performed high-throughput sequencing of the samples and the isolation of pathogens.
'Make in India is one of the priorities identified by Minister Sitharaman and this is our great weakness,' warns Vice Admiral Premvir Das.
An open letter written by women employees of KFA alleged that the company did not pay salaries
The sale came when Mallya was trapped in a sea of debt, mainly as a result of the losses his now grounded carrier, Kingfisher Airlines, had been piling.
The move comes a day after China lifted the 76-day lockdown in Wuhan, where the pandemic originated. China's National Health Commission (NHC) on Thursday reported 63 new confirmed cases of the coronavirus, including 61 imported ones taking the total to 1,104 cases.
'Should the two armies clash in a conventional battlefield, the advantage will pass more and more to the Indians as the battle progresses,' says Brigadier S K Chatterji (retd).
Loud applause and cheers rang out as the first jabs were administered to frontline workers at hospitals and healthcare centres across the country on Saturday at the start of the gargantuan COVID-19 vaccination exercise, hailed as a 'momentous' occasion in India's fight against the pandemic.
The shutdown generated tension in Mumbai and a number of towns and cities across Maharashtra.
'It must be rendering Modi, Amit Shah and Adityanath speechless that the Indian diplomat who lifted the Azhar trophy at the UN in New York is also a Muslim. 'Yes, this is the wonder that was India,' says Ambassador M K Bhadrakumar.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
'...Where there is clearly no evidence of community transmission, letting life return to normal in those districts while continuing to rigorously control the spread of the infection.'
Vistara will have to face stiff competition from Jet Airways, AirAsia
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