Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that lent money to Future Retail Ltd (FRL), also suggested the insolvency tribunal appoint Vijay Kumar V Iyer as the interim professional of the company. Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the "process of taking legal advice".
Fifty years ago today, December 25, 1972, Chakravarti Rajagopalachari, one of the titans of India's freedom struggle, passed into the ages. Kalki Krishnamurthy, who penned the Tamil classic Ponniyin Selvan among numerous other novels, describes his first glimpse of the man who would become an august national leader and his cherished role model.
Congress spokesperson Manish Tewari said the government has started on a wrong foot on the appointment and only time will unfortunately reveal the implications. Tewari wondered if the CDS as Permanent Chairperson of Joint Chiefs of Staff Committee outrank the three service Chiefs.
In his resignation letter to Sonia Gandhi he said that despite knowing him "for the better part of his 52 years in public life" and "that too at a deeply personal level", she never "understood" him or his "character".
Mental health and life coach Anu Krishna tells you how to take control of your life.
'Our fight is against his political masters, the BJP and Devendra Fadnavis.'
Former CAG Rajiv Mehrishi says Centre has held back a report he submitted to the President, to end what he called "a nightmare of accounts that militates against good governance".
Sri Lanka's embattled President Gotabaya Rajapaksa, under immense pressure from the public and the Opposition to quit over the island nation's worst economic crisis, said on Thursday that the abolition of the executive presidency, a move that will curb his powers, will be considered by Parliament.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
External Affairs Minister S Jaishankar said the passage of the amendment will strengthen India's national security and its global position.
Padukone has been drawing flak from right wing leaders and trolls for expressing solidarity with the students on the Jawaharlal Nehru University campus in New Delhi who were protesting against the January 5 violence.
Currently, Choksi has got interim relief from immediate repatriation to India by the Dominican court.
Relationship problems? Let Love Guru help.
In a letter to Rajasthan Governor Kalraj Mishra, senior Congress leaders and former law ministers Ashwani Kumar, Kapil Sibal and Salman Khurshid said the Governor's office, as envisaged under the country's constitutional scheme, is above and beyond the constraints and compulsions of partisan politics, 'so that its holder can act freely and fairly to uphold the Constitution'.
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
According to Davis Cup regulations, the Pakistan Tennis Federation now has five working days to choose and confirm their proposed venue.
"I don't want you to cry but with anger, you have to shout and demand that we need 50 per cent reservation," the CJI said.
By framing the right question, Satya Nadella directed his team's attention to searching for the right answer, which opened up a treasure trove of new business opportunities, which would have remained undiscovered but for framing the right question.
'The home minister of India has given his assurance to the MP of Lakshadweep.'
The proposed standalone Test between India and England should be treated as the series-deciding fifth match that was cancelled last week owing to a COVID-19 outbreak in the Indian camp, BCCI president Sourav Ganguly said on Monday and ruled out the possibility of it being treated as a one-off game.
It stirs up your emotions and you end up feeling attached to each of the characters in Uyare like you've known them forever, feels Divya Nair
Changing a state's name requires constitutional amendment and it is done after taking into consideration all relevant factors, he said.
The fear that Mamata might snatch the mantle of Opposition leadership which the Gandhis firmly believe to be theirs by birthright seems to have persuaded Sonia and Rahul to give up their hoity-toity ways, observes Virendra Kapoor.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
The Congress is strongly opposed to the three Central legislations which were signed into laws by President Ram Nath Kovind on Sunday.
As per police, both met at the Western Court, Janpath, Delhi, where Raj allegedly sexually assaulted the victim after drugging her and made a video of the act and threatened her.
The Congress leader alleged that BJP-appointed governors have violated the Constitution and have in the process "gravely impaired" parliamentary democracy, its conventions and traditions.
Mental health and life coach Anu Krishna offers advice on how to take control of your life.
HR Guru Mayank Rautela offers practical advice.
Announcing his decision on Twitter, Rajinikanth said, "In the ensuing state assembly elections, with the tremendous support of the people, Tamil Nadu will have an honest, upright, transparent, corruption-free, secular spiritual political setup." "A marvel, miracle, it will happen," he wrote in Tamil. "We will change, we will change everything. If not now, then never."
The Indian Olympic Association on Monday said it will bid for either the 2026 or 2030 Commonwealth Games while also agreeing to withdraw its boycott call for the 2022 Birmingham edition over shooting's exclusion. The country hosted the 2010 edition in New Delhi.
The view is that the attention on the national team is fleeting, incidental and dependent on the results they produce.
An investor would pay much less when he invests through a registered investment advisor than a distributor.
Pakistan plan to send a 25-man squad to England in July to meet the demands of playing an entire tour in a 'bio-secure' bubble, Pakistan Cricket Board (PCB) chief executive Wasim Khan said. Pakistan are scheduled to play three Tests in August followed by an equal number of Twenty20 Internationals, with the matches taking place behind closed doors as part of measures to combat coronavirus.
Former skipper Smith and vice-captain Warner were banned for a year, and Bancroft for nine months after Cricket Australia (CA) held them guilty of conspiring to "change the condition of the ball" in last week's third Test against South Africa.
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs 60,000 under the previous interest exemption of Rs 2 lakh.
The start-up mentors debated if they could drive the price further down, but feared an even lower price would raise doubts about its quality, as was the case with the Tata Nano, reports Amrita Singh.
'No Indian political party functions in a democratic way.'
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