Chennai-based Paramount Airways is looking to acquire GoAir, the budget carrier promoted by the Wadia Group, in a cash and stock deal, a business news channel reported on Sunday quoting sources close to the development.
Paramount Airlines had started its operations in 2005 and was flying to southern and eastern parts of India before it wound up 2010.
The editorial, titled "Ahimsa Award for the Executioner?", criticized Congress leader Shashi Tharoor for praising the entrepreneurial growth of Kerala under the Left government. It argued that it was "suicidal" to weaken the party from within when the Congress was actively opposing the shortcomings of the LDF government. The editorial also criticized Tharoor's positive remarks on Prime Minister Narendra Modi's recent US visit, calling it a mere gesture by two administrators to improve their image.
The airline, which currently has five Embraer jets, will take delivery of another 20 aircraft by 2010-11. The carrier would begin the hiring shortly with two more Embraer aircraft slated for delivery by the end of March.
GoAir reluctant to respond to overtures.
Uttar Pradesh Chief Minister Yogi Adityanath highlighted the successful execution of the Maha Kumbh 2025, emphasizing effective crisis management, economic benefits, and the event's role in national unity and infrastructure development. He cited the swift response to a stampede on January 29 and the extensive preparations that ensured a smooth experience for millions of pilgrims.
Sexual intercourse or physical intimacy during menstruation could lead to greater bonding between couples as they navigate and normalise bodily process together, suggests rediffGURU Dr Nandita Palshetkar, medical director, Bloom IVF
'Our fractured world has been embroiled in wars and hatred, and many sessions reflect these concerns.'
Coimbatore-based Paramount Airlines will start operations by the first week of September, connecting Kochi and Delhi, sources said on Wednesday.
Sukanya Verma quizzes you to find out just how much you know about the movies.
The all-business-class carrier Paramount Airways is planning to increase its fleet fourfold by 2011 to 20 air planes at a time when major airlines are grounding aircraft and adopting low-cost model.
Two men were hospitalised after they set themselves afire on Friday amid a bandh call in Madhya Pradesh's Pithampur against the planned disposal of 337 tonnes of Union Carbide waste in the industrial town, an official said.
Virat Kohli arrived at the United Kingdom heartbroken but the Manchester blast has failed to break his unwavering focus on cricket, as the India captain geared up for a tournament that is of 'paramount importance'.
The Supreme Court of India has directed all high courts, state governments, and union territories to ensure the availability of separate toilet facilities for men, women, persons with disabilities (PwDs), and transgender persons in all court premises and tribunals across the country. The court stressed the importance of public health and the right to privacy, stating that adequate public toilets protect women and transgender persons. The court also expressed concern about the condition of public toilets near toll plazas on national highways and emphasized the need for proper sanitation facilities in court premises for judges, advocates, litigants, and staff members. This decision highlights the importance of access to basic amenities in ensuring a fair and dignified justice system.
Actor Mamta Kulkarni has renounced the worldly life at the Maha Kumbh and will be consecrated as a Hindu nun under the Kinnar Akhara. She performed her own 'Pind Daan' and will be consecrated as 'mahamandaleshwar'.
The Congress on Wednesday criticized the Centre and the Uttar Pradesh government for a stampede at the Sangam during the Maha Kumbh, blaming mismanagement and a focus on VIP movement instead of common devotees for the tragic incident. Rahul Gandhi called for reining in "VIP culture" and improving arrangements for devotees. Congress leaders expressed condolences to the families of the deceased and demanded action to prevent such incidents in the future.
Paramount Airways, the Coimbatore-based private airline, is in an advanced stages of negotiations with aircraft manufacturers Airbus and Boeing for a $1 billion order of 15 wide-bodied aircraft. The deal is likely to be announced shortly.
Who do you think should be part of India's playing for the third T20I against England on Tuesday?
Paramount Airways, the Madurai-based full service airline, is planning to acquire 40 more made-in-Brazil Embraer jets at a list price of $2 billion in a bid to have a pan-India presence.
Keeping their players' "safety and security" in mind, Mohun Bagan Super Giant have decided against travelling to Iran for their AFC Champions League 2 match against Tractor FC owing to the existing volatile situation in the west Asian nation.
'Inflation is not good for industry. Nor for the economy as a whole.'
Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18's media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore. The new entity will be guided by three chief executive officers (CEOs), "who will lead the company into a new era of ambition and disruption", according to a joint statement. Kevin Vaz will lead the entertainment division across all platforms, Kiran Mani will head the combined digital division, and Sanjog Gupta will oversee the sports operations.
Paramount Airways plans to expand its fleet from the present five to 20 by 2009-end, M Thiagarajan, managing director said on Friday.
Russia's state-owned oil firm Rosneft has agreed to supply up to 500,000 barrels per day (bpd) of crude oil to Indian upstream oil and gas major Reliance Industries (RIL) in the largest-ever energy deal between the two countries, Reuters reported on Thursday. The 10-year agreement amounts to 0.5 per cent of global oil supply and is valued at roughly $13 billion per year at current prices, it said.
The Supreme Court on Tuesday said it will lay down guidelines for all citizens and not for any particular community on the issue of demolition of properties.
Chennai-based Paramount Airways plans to expand its route network as it inducts ten aircraft in its fleet by December this year, an airline official said.
The Supreme Court on Thursday refused to entertain a plea alleging contempt of its order on demolition of properties by the authorities in Uttarakhand, Rajasthan and Uttar Pradesh.
The event's ambitious Guinness World Record attempt will have scores of participants assembling to create a colossal human image of a bird, adorned entirely in pink.
It was learnt that 35 registered players, including seven foreigners, wrote to the club that they didn't wish to go to Iran.
An alleged attack on a Marathi-speaking family by a government employee in Thane district sparked outrage in the Maharashtra Assembly, where the BJP-led government assured justice and condemned the incident. Opposition parties demanded immediate action against the accused, Akhilesh Shukla, and his wife, who have been arrested. The incident has raised concerns about discrimination against Marathi people and fueled tensions in the state.
The fully business-class airline is to commence services to 35 more cities, increasing its domestic routes to 50 by the end of 2010. Delhi is one of the new planned destinations, so are Imphal, Bhubaneswar, Ranchi, Bhopal, Nagpur, Porbander and other places in Gujarat. This is in addition to the earlier announced plans of launching services to Kolkata, Guwahati and Agartala, connecting these to the south Indian cities of Chennai, Coimbatore and Kochi.
World men's number one Jannik Sinner has been cleared of fault or negligence by an independent tribunal after failing two drug tests in March, the International Tennis Integrity Authority (ITIA) said on Tuesday.
Jobs requiring AI skills carry a significant wage premium, with some roles offering up to a 25 per cent increase in wages, notes Manoj Nagpal, vice president, professional services, OpenText, an information management company.
Paramount Airways has ruled out buying a budget airline in India to expand operations as the company feels this would not be an attractive proposition for its business model.
Incidents of violence rocked Assam's Samaguri assembly constituency where by-elections will be held on November 13 with both the ruling Bharatiya Janata Party and the opposition Congress alleging that gunshots were fired targeting each other's supporters over the last 24 hours, police said on Sunday.
The airline is inducting two more 70-seater Embraer planes, which will be based in Bangalore and will be used to connect Bangalore and Chennai with Pune and Goa, and then other cities in western India.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
State-run Life Insurance Corporation of India (LIC) has committed Rs 600 crore for its digital transformation journey, Sunder Krishnan, chief risk officer said on Wednesday. The insurance giant is also aiming to become completely "paperless" in two years. "We have hired a large system integrator for more than Rs 400 crore, a consultant for digital transformation for Rs 100 crore, and Rs 100 crore for agency transformation.
