Ahead of two crucial audits, the Ministry of Civil Aviation (MoCA) has proposed to allow deputy director generals (DGs) and officers of Indian Air Force (IAF) to apply for the post of chief of India's aviation regulator. The current head of the Directorate General of Civil Aviation (DGCA), Arun Kumar, has been promoted as secretary and is expected to move out some time soon. DGCA has four Deputy DGs with experience in different fields of aviation.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
According to the book, 'Keenie Meenie: The British Mercenaries Who Got Away With War Crimes', authored by UK-based investigative journalist Phil Miller India's secret use of British mercenaries lasted for four months after the Indo-Lanka accord was signed between former Prime Minister Rajiv Gandhi and then Sri Lankan president Junius Jayewardene in 1987.
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."
The report of Kim's illness started doing rounds following his absence at the Kumsusan Palace of the Sun in Pyongyang on the birthday of late state founder and his grandfather, Kim Il-sung, earlier this month.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
After a long hiatus of more than 20 months, the government had on November 26 announced the resumption of scheduled international commercial flights from December 15.
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
Addressing the CII annual session, he also indicated to further liberalisation of policies to attract more FDI and FII funds, promote external commercial borrowings, service exports and tourism.
The ministry seeks to make lending requirements flexible for banks financing key stalled projects.
'There was never really a doubt, but now it can be conclusively stated that the prime minister has unusual mental and physical stamina,' says Sheela Bhatt/Rediff.com who is covering Narendra Modi's visit to the United States.
Domestic air passenger traffic was back to the growth trajectory in June amid the falling number of COVID-19 cases in the country with around three million passengers flying on local routes in the previous month as against around two million in May, a report said on Tuesday. Though there is some recovery observed in June, stress on demand continues, driven largely by the second wave of the pandemic, limiting travel to only necessary travel, credit rating agency ICRA said in its report. On a sequential basis, domestic passenger traffic was up 41-42 per cent in June over May.
The government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Alert to the looming threat from the 'Omicron' variant, states began to re-tighten curbs and urgently trace people who arrived from abroad in the last one month while a demand to not allow flights from the affected countries was made by Delhi Chief Minister Arvind Kejriwal and Karnataka Chief Minister Basavaraj Bommai.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.
Authorities faced double-barrel challenge -- strengthening its check and prevention mechanism, and addressing public panic, leading to hoarding of essential items.
'The way the film has been designed is also very unique. The entire film is set in just one room.'
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
'Our future is in limbo. The government saved us with Operation Ganga; now, they must save our careers.'
The central government said the railways and civil aviation ministry must suspend all concessional travel on trains and flights, except for students, patients and disabled people.
Among the bank groups, under the baseline scenario, public sector banks' gross NPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019.
"As an organisation committed to the rule of law, our operations in India have always conformed with our national regulations. The principles of transparency and accountability are at the heart of our work.".
The US is not in a forgiving mood for being humiliated in such a manner by an insurgent force and made to look 'loser' internationally, predicts Ambassador M K Bhadrakumar.
NGO rebuts Enforcement Directorate's charges.
In his book Arun Bhatnagar, a retired IAS officer, makes a dig at Hardeep Singh Puri, former diplomat, Union minister and BJP nominee from Amritsar Lok Sabha seat, for Rajiv's faulty Sri Lankan policy, writes Rasheed Kidwai.
India's economic reforms and its efforts to attract foreign investment put it in the "limelight", but it must do more to attract foreign investors, John Peters, the minister counsellor for commercial affairs, embassy of the United States of America,
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
The total wealth of top 100 real estate barons accounted for Rs 2.37 trillion ($32.7 billion) in 2018, up 27 per cent against 2017's cumulative wealth of Rs 1.87 trillion ($28.6 billion).
'None of these three countries -- Turkey, Iran or Malaysia -- ever made a hostile move against India to support the Pakistan-based terrorist elements,' notes Ambassador M K Bhadrakumar.
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
Corporates' forex borrowings have grown at a CAGR of 15.6% since 2008.
International air travel of passengers has been permitted in a limited manner under the Vande Bharat mission. Further opening-up will take place in a calibrated manner.
India's second-biggest commercial vehicle maker Ashok Leyland plans to tap foreign markets to raise upto $100 million, a top company official said on Wednesday.
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