The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
On Demand Mobile Visa service is launched by VFS Global and UK Visas and Immigration.
Reyat was convicted of perjury in 2010 for lying to the court in 2003 during the trial of Ripudaman Singh Malik and Ajaib Singh Bagri, who were acquitted in the terrorist attack on Air India Flight 182 that killed all 329 people aboard.
If British industry succeeds in saving lives during the coronavirus pandemic it will be due in part to the pioneering role played by Formula One racing teams in the country. Seven of the 10 Formula One teams have joined forces with leading aerospace and engineering companies to ramp up production of ventilators while Mercedes has also worked with medics and academics to produce an alternative breathing aid.
The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
In the changed circumstances and attitudes in Britain, we must let bygones be bygones, argues Colonel Anil A Athale (retd).
British Airports Authority is considering raising the landing charges, thereby making air travel from India to London expensive from next year. The hike will be to meet the cost of expensive upgrades at airports. The BAA owns and operates seven British airports, including Heathrow. The Civil Aviation Authority said that BAA could increase the charges at Heathrow to 12.80 pounds per passenger next year with subsequent annual rises of no more than 7.5 per cent above inflation.
Carlile was to hold a press conference in New Delhi on Thursday.
The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
Sarao was described as a fun guy, outgoing and talkative by other members of the tight knit South Asian community.
The smile vanishes before you can spell 'B-I-R-M-I-N-G-H-A-M'.
With their own bitter memories of past semi-final defeats in the soccer tournament, England and Croatia will be competing for a spot in Sunday's final against France.
In the wake of the current unrest in the country, the panic-stricken family of Egyptian President Hosni Mubarak has reportedly fled Egypt for the luxurious refuge of their London townhouse. According to reports circulating in Britain's Egyptian community, President Mubarak and wife Suzanne are planning to head to their London townhouse.
The move came soon after Belgium confirmed a case of the B.1.1.529 variant in someone who had travelled back from Egypt earlier this month, with the European Union (EU) member states agreeing to a snap travel ban on seven African nations.
Two of Europe's busiest airports -- London's Heathrow Airport and Amsterdam's Schiphol Airport -- closed down on Monday as a dense cloud of volcanic ash drifted from Iceland, aviation authorities said.
The airline said it intends to run a full schedule at Gatwick on Monday and to operate a full long-haul schedule and a "high proportion" of its short-haul programme at Heathrow.
After a busy day in Stockholm, Sweden, Prime Minister Narendra Modi is in the United Kingdom on Wednesday. PM Modi is in London to attend the Commonwealth Heads of Government Meeting. The PM will also have a top-level meeting with Britain's Prime Minister Theresa May as well as a meeting with Queen Elizabeth II at the Buckingham Palace. Here's a glimpse of NaMo's busy English day.
Against the backdrop of objections by some MPs, Civil Aviation Minister Ajit Singh on Tuesday strongly defended the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal, saying those opposing it were "long on politics and short on facts".
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.
Seeking to strengthen Indo-UK economic ties, Prime Minister Narendra Modi on Thursday arrived in Britain on his first visit to the country during which he will have a hectic schedule that will start with talks with his British counterpart David Cameron.
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
Amber Dubey explains why India needs to stop blocking competition if it ever wants to become the top aviation market.
'I am also concerned over Chinese ambitions in the Maldives and wider Indian Ocean,' former Maldives president Mohamed Nasheed tells Rediff.com contributor Rajeev Sharma in an exclusive interview.
The UK India Business Council expects more emphasis to be put on improving bilateral economic ties.
'If all goes well, Modi will visit the Maldives later this year. But two Indian concerns remain unaddressed: President Yameen's intentions about Mohammad Nasheed and China,' says Rajeev Sharma.
Life of air passengers was different in the 1970s.
The spotlight on London football usually shines on glamour clubs Arsenal, Chelsea, Tottenham Hotspur or West Ham United but rarely on unfashionable Brentford who last played in the top flight nearly 70 years ago.
After four-odd years of focusing on reducing debt, the series of deals with Etihad could finally get it out of the spiral.
United Kingdom-based Indian-origin businessman Shrien Dewani has been extradited to South Africa to stand trial for allegedly plotting the 2010 murder of his Indo-Swedish wife while on their honeymoon.
The industry is hoping the Tatas deepen their dive and offer two stable airlines -- a Vistara merged into Air India servicing the international routes, and an AirAsia India merged with Air India Express that competes with the low fare airlines in India and offers destinations within five hours, says Anjuli Bhargava.
'They should be conserved, preserved, and valued highly.'
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
Shah Rukh and his family flew home to Mumbai last weekend. Roscoe Mendonza, who was on the same flight, captures his impressions of an unlikely encounter.
'Even if we ate our chappatis with pickle, we ensured proper food for Sumit.'
The new kid on the block, Athiya Shetty, speaks about her dream has come with her debut film, Hero.
Aseem Chhabra has been trying to get an interview with the superstar since 2005, and has been lucky only once.
Ahead of the four-Test series against the West Indies, starting in Antigua, on July 21, Rajneesh Gupta sheds light on India's first tour of the Caribbean.
Pakistan's dismal public health system is rife with mismanagement and a paucity of resources. Amidst this shambolic system, one hospital in Karachi has been providing specialised healthcare to millions. Free of charge. As the Sindh Institute of Urology and Transplantation celebrated 40 years of successful service, Dr Sanjay Nagral visited the facility and met the man who helms it, armed with the simple philosophy that 'No person should die only because they are unable to afford medical expenses.'
