On the high costs facing the Indian airline industry, Goyal said the factors included a depreciating rupee against the dollar, escalating jet fuel prices, high taxes and rising infrastructure costs.
Chef Naresh Pannala of Saubhagya Confectionery from Hyderabad tells us how to make a black forest cake in less than 30 minutes.
Sources close to the deal say, besides a higher stake (earlier, the negotiations were on for sale of up to 24 per cent), Etihad has asked for its representation on the board of the Indian airline, in sync with its shareholding.
Amid prayers and a 21-gun salute, his body was consigned to flames at Smriti Sthal on the banks of Yamuna where Vice President Hamid Ansari and UPA Chairperson Sonia Gandhi were also present.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
The two parties have been in talks for a month and a half.
Gujral, 92, who has been unwell for sometime, was put on the ventilator today after his condition deteriorated. He was on dialysis for over a year now and had suffered a serious chest infection some days ago.
Mahesh Bhupathi, who led a revolt of 11 players against the All India Tennis Association, has slammed the AITA for the way it formed a three-member panel to look into the issues raised by the rebels, alleging that the panel would be 'biased' and serve no purpose.
Sources in the Samajwadi Party said that Mulayam Singh Yadav, his cousin and party general secretary Ram Gopal Yadav and another senior leader Naresh Aggarwal have held at least five rounds of discussion with Congress leaders
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
The Madhya Pradesh Professional Examination Board scam, most commonly known by its Hindi acronym as the 'Vyapam scam' has been in the headlines on and off throughout the year.
As the battle lines are drawn between the United Progressive Alliance and the National Democratic Alliance, the NDA is now beginning to smell power, says Neerja Chowdhury
The building that will house 1,500 employees is a showcase of the company's 'smart connected communities'.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
'There will be no flying unless the company pays us substantial salaries and provides a road map,' the National Aviators Guild, the pilots union, said in a message to its members.
Shares of Jet Airways surged 16 per cent to close at Rs 505.7 on Friday on speculation that Etihad Airways might buy 24 per cent in the company.
The Samajwadi Party on Friday said it will strongly oppose the Lokpal Bill in Parliament, holding it was against the very basis of democracy.
"Some BSP MPs on the instructions of their leadership tried to misbehave with me, I just resisted it. Ask BSP whose members who don't know the democratic ways. I will file a written complaint against him for such a shameful and unparliamentary behaviour and demand action from the Special Privileges Committee," he told media persons when asked about the scuffle in the House on Wednesday.
Jet Airways' engineers, pilots and senior management have not been paid for January and February, besides 87.5 per cent of their December salary is also due.
Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
Sanjay Kapoor elected AICF President, Chauhan retains secretary's post.
Empowering rural India is of utmost importance and the government needs to do so by provisioning for broadband penetration and financial inclusion.
The director talks about Sudigadu, the remake of Tamil film Tamizh Padam which is a spoof on Telugu cinema
The company will retire part of the debt by way of sale and lease back of some its aircraft.
This was due to the fact that they had already won the Khel Ratna, the country's highest sporting honour.
However, Mallya ranks well above Naresh Goyal of Jet Airways, who has been ranked by Forbes at 94th position with a fortune of $600 million.
The baking industry which is touted to be a Rs 5000-crore industry by 2015 is expected to generate more employment and revenue in the next few years. Read on to know why this is the right time to pursue a career in baking and how.
Will this team of 12 change the way films are certified in India?
In a politically-significant move, Prime Minister Narendra Modi has reconstituted a government committee on commemoration of the 125th birth anniversary of Jawaharlal Nehru which will be headed by him, replacing his predecessor Manmohan Singh.
A special Central Bureau of Investigation court on Tuesday extended till June 26 the judicial custody of former Uttar Pradesh minister Babu Singh Kushwaha and nine others in a case related to the multi-crore National Rural Health Mission scam in the state.
Even as the Parliament was paralysed for the 11th day over the coal block allocation, the unruly side of its two of its members shocked the nation on Wednesday.
Jet Airways had appointed Ball as its CEO in May last year.
Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.
First, the industry is hoping for brisk business, as, according to projections there will be normal monsoon. Secondly, it is relieved at the fall in import of cheap umbrellas from China which had dented the domestic market for several years.
Sushma said the issue is due to the "tri-junction point that is between India, China and Bhutan" and that if Beijing unilaterally tries to change the status quo at the tri-junction, then it will pose a threat to New Delhi's security.
A Noida-based man whose wife and minor daughter were gang-raped by highway robbers in Uttar Pradesh said that the family of three will commit suicide if police fail to give them justice in three months.
While Yoga Guru Ramdev was leading an agitation in Delhi on black money issue, his close aide Balkrishna's remand was on Monday extended by a Central Bureau of Investigation court for another 14 days in a case of forgery and violation of the Indian Passport Act.
While Agarwal said the government was trying to change character of the country, his other party colleagues said the names of persons 'who have made no contribution to the freedom struggle' are being given.
The Telugu film industry reaches out to Chennai.
