J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
Non-metro routes get 73 per cent of its flyers -- a factor that has earned it double-digit share with only 19 planes.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
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.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Here are the world's most courteous, friendly, helpful and efficient airline crews from each continent.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
The two countries have decided to expedite trade related issues and signed six pacts to take forward their strategic partnership. Rediff.com's Sheela Bhatt, who is travelling with the prime minister on his visit to Indonesia, reports from Jakarta.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
A glance back at some of the important ups and down Indian Inc faced in 2018.
Air Carnival can make quick progress by stepping into the space that SpiceJet has left empty.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
It's too big to digest as one whole airline.'
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
Two months after launch, low-cost warrior AirAsia is expanding to uncharted routes in India.
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
The CMD's focus on raising employee morale and cutting costs is paying off. The airline's operating losses have shrunk and earnings are looking up
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
How has Raj Thackeray, who is as much a businessman as politician, been able to pull it off, when most Opposition politicians live in fear of IT and ED and CBI, asks Krishna Prasad after attending a Raj rally in Nashik.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
'It's like your own private Boeing 747 which you can fly yourself. This concept brings the aeroplane closer to passengers and opens the cockpit to everyone.'
Captain John M Cox, who spent 25 years flying for United States Airways and is now the chief executive officer of safety operating systems at Washington DC, talks to Rediff.com's Vicky Nanjappa about the MH17 Malaysian Airlines flight which was shot down in Ukraine on Thursday night killing 298 people on board.
Incidents of arson, firing and vandalism were reported from Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar and Punjab as protesters agitated against the dilution of the SC/ST Act.
Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girls empowerment as the subject of her new documentary.
Five inspiring women who travelled thousands of miles to Hyderabad recently to grow their business and skills share their tales of global entrepreneurship. Vaihayasi Pande Daniel listened in.
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