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The airline, which posted an annual loss of Rs 191 crore (Rs 1.91 billion) for the past financial year, has been looking to raise funds for months.
UAE-based telecommunication services provider Emirates Telecommunications Corporation has pulled out of negotiations to acquire a stake in Indian wireless telephony service provider Spice Communications, citing high valuation. Separately, the promoters were expecting a deal to be signed in the next couple of days.
Sources aware of the development said as part of the project, the airline had signed an agreement with Reliance Industries Ltd, which would extend quality control services at its coastal terminals for ATF imported by the airline.
Check out good blogger Ramapriya Suresh's simple version of shahi chicken korma.
In India, fast-moving consumer goods (FMCG) majors continue to hold sway, with incumbent brands cornering 65 per cent of the market share, shows a Bain & Company report. While identifying the continued preference of Indians for incumbent brands, the report says that the dominance of general trade in the country has allowed national brands to maintain their supremacy. The low penetration of e-commerce in the country has also helped large brands.
With the Ram Mandir scheduled to open its doors to visitors in January, Ayodhya is expected to welcome travelers both from India and abroad.
Who owns a recipe, and should one fight over its origins?
Bullets fly, the noise becomes unbearable and the plot finally ends with the hero doing an unbelievable leap on to the ski of the helicopter aka Schwarzenegger, flown by our pretty heroine. UFF UFF! Squirming in my seat, I ponder over what I have been through, sighs Air Commodore Nitin Sathe (retd).
No-frills carrier SpiceJet is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale even as they are set to sign a code share agreement soon.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
The FIEO on Thursday reiterated that the Customs authorities at several ports in India had ordered a sudden examination of Chinese consignments without any official word from the government, and this may have led to the Chinese retribution.
These Bollywood beauties who show you how to rock the colour of 2024.
Expanding its international operations, the airline will launch its daily direct flight to Saudi Arabia's capital Riyadh from January next year.
JP Morgan may buy stake in debt -laden SpiceJet
Budget carrier Spice Jet on Saturday announced flight operations to Chennai and Hyderabad starting from November 14, extending the six-month old airline's connectivity to 11 Indian cities.
Try making two not so preferable vegetables -- tinda and kadoo -- with these recipes.
The offer is applicable to airline's all domestic destinations, including Mumbai, Delhi, Kolkata and Chennai, a company official said.
Giriraj Rao, the food scientist and chemist whose knowledge of spices led him to play an important role in developing recipes for many Coke products including Fresca and Mellow Yellow, and who made America his home for nearly six decades, was among the first to use the phrase, Indian American.
IMAGES from the Indian Premier League match played between Lucknow Super Giants and Gujarat Titans in Lucknow on Sunday.
Low-cost carrier SpiceJet Airlines, promoted by a group of investors led by the Kansagra family and Delhi-based Ajay Singh, is working on a plan to start international operations next year, making it the third private Indian carrier after Jet Airways and Kingfisher to fly overseas.
Where paneer came to India from... How sambar got its name... Gulab jamun does not have Indian roots...
In India elections are never fought in a straight line. It's fought on many issues, at many levels, with multiple emotions and with a bit of good luck, too. Sheela Bhatt reports from Rajasthan.
The market is abuzz about how the fabled investor got it wrong.
India's Spice Group are in talks with cash-strapped Super Aguri about taking a possible stake in the Formula One team.
'When my father travelled 5,000 miles to build a new home in Ireland, I doubt he ever dreamed that his son would one day grow up to become its leader.' Vaihayasi Pande Daniel/Rediff.com profiles Dr Leo Varadkar who will step down as Ireland's taoiseach (prime minister) next week.
In aviation parlance, an 'interline arrangement' is a deal under which the same ticket covers different legs of the journey flown by different airlines.
Mast Mein Rehne Ka is a thoroughly human film, which makes you laugh as hard as it will make you feel for the characters, notes Mayur Sanap.
For the Rs 599 offer, taxes and other fees and charges, barring fuel surcharge, would be additional, but the Rs 1,999 offer is all-inclusive
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
'I always say you really cannot own a recipe.' 'In India, where, we have been cooking for thousands of years, how can you put a finger and say, 'This is mine'?'
An open sandwich that will bring delight to the faces of your children when they open their lunchboxes.
'It was a machinery of death. A large number of Hindus were first converted and then persecuted from 1560 all the way to 1812!' says novelist Richard Zimler.
The islands that would be connected through seaplanes are Campbell Bay, Car Nicobar, Havelock, Hutbay, Neil, Long Island and Diglipur, reports Arindam Majumder.
Troubles for SpiceJet seem to have piled up and it remains financially strapped.
The move comes within days of Indian Railways announcing an increase in fares from January 21.
The airline has said it isn't worried about competition in the domestic market, thanks to its spread across three passenger segments
No frills airlines SpiceJet and IndiGo have merged fuel surcharge with the base fares, saying it would simplify the prevailing fare structure.
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