Tata-SIA have applied to the Civil Aviation Ministry for a no-objection certificate to start a full-service airline in India.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
The move comes after CBI gets sanction to prosecute him in Aircel-Maxis case
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
Karti contended that the lookout circular was part of the Centre's 'political vendetta'.
Singapore Airlines will hold 49 per cent stake in the airline, while the rest will be held by the Tata group.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
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These are FM radio, uplinking news & current affairs, print media (news & current affairs), commodity exchanges, stock exchanges along with depositories and clearing corporation, power exchanges, petroleum & natural gas refining, insurance, defence production and private security agencies.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
The ban has been in force since last Friday.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
A bench of Justices R Banumathi and A S Bopanna said it would hear the arguments of the Enforcement Directorate on Chidambaram's two petitions, including the challenge to remand orders, on Wednesday.
AirAsia India, which is using the training facilities of its parent airline AirAsia in Malaysia, plans to set up similar facilities in India in the coming years, airline sources said.
The Enforcement Directorate opposed the bail application before special judge O P Saini in its written submission and sought time to argue the matter.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Justice A K Pathak had asked Chidambaram to join questioning and cooperate in the investigation as and when called by the CBI.
About 11 entities may be charged in the first charge sheet in the case, the sources said without elaborating on the issue.
Oppo's FDI application approved for single-brand retail trading
Earlier, the JV company got a go-ahead from the Foreign Investment Promotion Board in October 2013 and was awaiting AOP for launching a full-service carrier.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Addressing the BRICS investment seminar in Mumbai ahead of the 5-nation Summit in Goa on October 15-16, Jaitley said the government has put FDI on automatic route in almost 90 per cent of the areas that are eligible for foreign direct capital.
Justice Suresh Kait issued a notice to the CBI on Chidambaram's bail plea in which he has claimed that it was the case of 'political vendetta'.
The event will aim at drawing foreign investment in startups and push local partnerships.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
The Sensex and the Nifty had touched a low of 27,921 and 8,349 respectively.
May include 'influencing a company's major policy decisions' in the current meaning.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
The statements of the Mukerjeas were recorded by the Enforcement Directorate, which is probing the money laundering angle in the case, while the CBI had only recorded Indrani's statement before a magistrate as per section 164 of the CrPC, they said.
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
The CBI had summoned Karti to appear before it on October 4.
In his petition, Karti contended that the July 18 circular had been issued arbitrarily and without jurisdiction by the Foreigner Regional Registration Officer and The Bureau of Immigration under the Union home ministry at the behest of different agencies to prevent him from travelling abroad.
India already allows 100 per cent ownership of greenfield pharma businesses.
The proposal will now be considered by the Cabinet Committee on Economic Affairs.
Jaitley's Budget has the potential to change the face of Modi's Bharat
UK-based retail major Tesco Plc on Tuesday filed the first application for setting up multi-brand retail outlets in India.
According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.
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