The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.
A struggling Kolkata side Mohammedan Sporting came from behind to hold local outfit Air India 1-1 in a scrappy I-League match at the Cooperage ground, in Mumbai on Sunday.
Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.
The company's operating losses for 2014-15 likely to climb a bit.
'They are in a very bad state. They have to be forced into eating.'
The tragic incident saw 241 of the 242 lives on board the London-bound Boeing 787-8 perish, along with 29 people on the ground as the aircraft plunged into a medical college campus shortly after takeoff.
Data from the ministry of environment, forest and climate change reveals that 30 cities recorded an increase in PM10 levels compared to 2017-18 (FY18), indicating deteriorating air quality.
England still have hopes of winning this game. This prognosis is based on their fourth innings exploits over the last three years and the fact that India galloped to 321 runs in 70 overs, suggesting the wicket isn't particularly tricky. However, the big difference from Leeds in June this year, or Birmingham in 2022, is that this track still has plenty of juice.
The Ahmedabad air tragedy, which claimed the lives of all but one of the 242 passengers and crew on board, and several others on the ground, has left deep scars on BJMC's residential quarters and the psyche of the survivors.
Air India has been struggling after it posted an $875 million loss in the fiscal year ended March and sought a government bailout.
The unions claimed that wrong policy decisions of the previous government, poor practices, lack of accountability and general mismanagement by top administration and allowing private carriers to flourish at the cost of Air India were some of the factors for the current state-of-affairs
The vigilance cases ranged from stealing liquor and caviar and flying for other airlines while on the rolls of the national carrier to inflated bills and making claims for bogus attendance.
A 17-year-old boy in Ahmedabad, who unwittingly captured a viral video of Thursday's devastating Air India AI 171 plane crash, has given his statement to the police, officials said on Saturday.
The airline had raised Rs 700 crore from the debt market through a non-convertible debenture issue and the same was up for interest payment or redemption on Thursday.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
Air India is running into losses
'It is not as bad an airline as it is made out to be: We serve wonderful food, the leg space is more, our cabin crew is warm and friendly.' 'The customer needs to be apprised of these things.'
Mumbai South Central Maratha Royals lifted the T20 Mumbai league title, beating Shreyas Iyer-led SoBo Mumbai Falcons by five wickets at the Wankhede Stadium in Mumbai on Thursday.
Select works from the airline's huge art collection will be showcased at the National Gallery of Modern Art in the exhibition titled 'Air India salutes Indian Masters', which begins in New Delhi on Saturday and runs till September 1.
'In 50 seconds, the pilots were fighting drag, trying relight, throttling up and avoiding obstacles.' 'They had neither height nor speed. There was no margin.'
Ashwani Lohani said employees were wrongly blamed for woes of the organisation due to the merger that didn't happen
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
One hundred years ago, a group of 10 revolutionaries carried out an operation that shook the British Empire. Utkarsh Mishra revisits the 'Kakori Conspiracy Case', a turning point in the armed struggle for independence.
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
'It goes without saying that Air India has now no imaginable reason to exist.'
Laying down certain conditions, the aviation minister said the struggling national carrier must become leaner and trimmer to secure backing it needs to get through the present liquidity crunch.
Banking sources said IDBI Bank, along with another banks, was syndicating the loan. The move came after Air India failed to get funding interest from European commercial banks despite the loan carrying sovereign guarantees. The European banks' reluctance reflects how lenders have turned risk averse when it comes to aviation funding.
Sift Kaur Samra produced a sensational come-from-behind performance to win her first individual ISSF World Cup gold medal in the women's 50m rifle 3 positions.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
Pant's transformation began after a forgettable Border-Gavaskar Trophy earlier this year.
The Pakistan cricket team arrived in Dubai on Thursday for their crucial Champions Trophy clash against India, hoping to bounce back after their opening loss to New Zealand.
Former Air India executive director Jitender Bhargava comes out with a book detailing what went wrong with the national carrier. According to him, India does not have a civil aviation policy, and that's just the beginning.
Bangladesh's Chief Adviser Muhammad Yunus announced that the next general election will be held in February 2026, marking the first anniversary of the 'July Uprising'.
Air India's decision to buy five Boeing 787-9 is illogical.
'Just look at China: They have five or six major airlines and some smaller ones.'
Seventy years after Pather Panchali released on August 26, 1955, we finally get it. Shuttling between the village of Boral and a studio in Calcutta, caught between worrying about the next purse of funds and wondering which item to mortgage next, Satyajit Ray was explaining Indians to themselves, discovers Sreehari Nair.
'I was body-shamed but I never let it get to me.' 'As an influencer, I wanted to show other girls that confidence matters more than size.'
Carrier will use the money to clear dues of oil marketing companies, which had stopped supplies to it, leading to cancellation of flights.
'You get paid to score runs. You get paid to win games of cricket. You don't get paid to play golf.'
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