Spirit Air Private Ltd, a Lucknow based private air-taxi service provider, entered into an agreement with DTDS Travel and Tour Planner Pvt Ltd, to begin its service on Airport Authority of India's controlled airports such as Ranchi, Gaya and Patna.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
As his personal wealth started booming, Mallya went on a buying spree.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
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