The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
'Somehow, I don't see the Modi government shutting down Air India.' 'So, Mallya may prove to be luckier than the government; at least his financial clock has stopped ticking,' says T N Ninan.
The United Kingdom's home department has cleared the extradition of fugitive diamantaire Nirav Modi, who is wanted in an over Rs 13,000-crore bank fraud case, officials said on Friday.
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
'The Insolvency and Bankruptcy Code is neither beneficial to banks nor helpful for the borrower.' 'Genuine people who are caught in economic stagnation will lose everything and thousands will lose jobs.'
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
It is imperative that the government first decides who should assume ownership of running Air India.
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
Travel agents in the country have had their way with airlines, at least in the domestic sector. National carrier Air India today agreed to pay a 3 per cent commission to travel agents, nearly two weeks after Jet Airways and Kingfisher agreed to do the same.
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
In a filing to the Bombay Stock Exchange (BSE), USL said it had made a recommendation to the board of subsidiary United Spirits to consider the sale of the entire share capital of Whyte & Mackay.
This was good enough for Fernandes to hire Chandilya to lead his India business.
Full-service carriers Jet Airways, Kingfisher and Air India have told travel agents that they will not levy the transaction fee on air tickets from November 25. This means tickets will be Rs 350 to Rs 10,000 cheaper of bought from the airline office or website. In all, 16 carriers have shifted to the zero-commission mode. The decision of the airlines might leave 1 million people employed with over 2,000 IATA affiliated travel agencies without jobs.
A summary of sports events and sports persons, who made news on Friday
The apex court directed Mallya, who is currently in the United Kingdom, to appear before it on July 10 to argue on the quantum of punishment in the matter.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
Air India, which this year preferred a consortium of private sector players led by Reliance General, had in fact started feeling the heat even before the crash took place.
European aeroplane maker Airbus Industrie hopes to sell 55 of its A380 planes, including 10 freighter aircraft, in India in 20 years.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.
Of the 243 listed flights, it claimed to have operated 75 across the country after 1600 hours on Wednesday.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
The broader markets also ended lower in line with the benchmark indices
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
'For Mallya, it seems 'the night is dark and full of terrors' and if you believe his lawyers, he's only looking for some sunshine,' says Veer Arjun Singh.
The judge fixed April 26 as the next date of hearing when he will appear via video link from jail.
Few top honchos of India Inc did very well in 2014.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
AirAsia says deal not violative of shareholder agreement.
Air Carnival can make quick progress by stepping into the space that SpiceJet has left empty.
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