In a massive fillip to the recently-formed Boxing Federation of India, the Sports Ministry has granted recognition to the body which was voted to office last month.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
The FIA termed as 'illegal' the clearances granted to the airline by the Finance Ministry and the Foreign Investment Promotion Board and called the grant of Air Operator's Permit or the flying licence to it 'fraudulent'.
The aircraft, which has been grounded since March following two fatal crashes which killed 346 on board, is crucial to Indian low-cost airline SpiceJet's fortune, which has up to 205 aircraft on order. With the grounding, the airline's capacity expansion plan is suffering.
The Federation of Indian Airlines had challenged the aviation regulator's decision this week to issue an operating permit to AirAsia India.
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
Pusapati was given detailed presentations on various aspects of the sector by senior officials of the Ministry.
The sudden massive cancellations of Jet have put travel agents and customers in jeopardy
Asserting that it was a small conflict, Gaikwad said the staff member of the airline is mad and around eight such cases of indulging in a brawl have been registered against him.
Agency sources said that besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have been named as accused in the FIR.
Grounding increases govt carrier's fuel cost by Rs 40 lakh daily, forces changes in schedules.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
would also take on board its strategic investment partner Etihad
Government officials favoured compulsory biometric identification but said it did not happen because of the Supreme Court judgment on Aadhaar
Pricing to be outside federation's purview.
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Domestic capacity across the eight global markets climbed 6.5 per cent while the seat factor grew by 0.8 percentage points to 83.6 per cent during this period, IATA said.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
The Directorate General of Civil Aviation (DGCA) has released a draft procedure that calls for testing pilots, other aviation personnel and crew members for psychoactive substances before they take to the skies. The Indian civil aviation regulator has sought comments from stakeholders over the next 30 days before issuing a regulation to this effect. Asking airlines and airports to do random checks on crew and air traffic controllers, DGCA proposed that violators be suspended for a minimum of three years or their licence be permanently cancelled as maximum punishment.
The year gone by saw the high and mighty of the corporate world face the music in the Delhi High Court which held that the telecom majors are amenable to CAG audit and Mukesh Ambani's RIL struggling hard to get rid of an FIR lodged on gas pricing by the 49-day-old AAP regime.
Incumbent airlines oppose the proposal.
India has rejected a request from BP Plc to be allowed to sell jet fuel to the booming aviation market.
Rating agency Crisil said corporates, especially those in the auto, aviation, consumer durables and oil sectors, will be "severely impacted" by rupee depreciation due to large overseas debt and limited hedging.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
An airlines industry body has sought reduction in customs and excise duties on aviation turbine fuel and allowing private firms to supply it to bring down prices.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
FIA has filed two separate petitions challenging the approvals granted to Tata-Airasia and Tata-SIA Airlines deals respectively.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
All airports and air carriers are being informed to be ready for operations from May 25. SOPs for passenger movement are also being separately issued by the ministry of civil aviation.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
Events to keep an eye out for...
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
Investment announcement for $100 bn over 5 years likely.
Besides the major metros, the proposed airline would also connect Srinagar, Patna, Chandigarh and Jammu.
Indian fliers regularly face issues like lost baggage, refund on cancellation and harassment by staff at airports
Top gainers in the Sensex pack included Vedanta, Coal India, ICICI Bank, PowerGrid, HCL Tech and Bajaj Finance, rising up to 2.65 per cent.
SpiceJet is the only Boeing 737 MAX operator in India, with 13 aircraft of the type in its fleet and a total of 205 planes on order.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
