Will Indian democracy benefit from the potential that Shashi Tharoor stores in his mind, spirit and intellect? Or will it be the saga of another leader who promised much but delivered too little, asks Dr Sudhir Bisht.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Dutch investigator Wilbert Paulissen said the Joint Investigation Team had come to the conclusion that the BUK-TELAR that shot down MH17 came from 53rd Anti-aircraft Missile Brigade based in Kursk in Russia.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
UBI's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion) as part of consortium led by State Bank of India.
Abu Dhabi is no longer exclusive hub for Jet, Etihad won't recommend candidates for Jet management.
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
India's newest airline-Vistara is bullish on growth prospects.
United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
The DGCA will concentrate only on technical and safety aspects.
Lenders to Kingfisher Airlines, led by State Bank of India, had moved courts to get residual rights over these shares after Srei recovered the collateral from the defunct Kingfisher Airlines, making it difficult for Srei to sell the shares, said a legal source.
'Afghanistan is a beautiful country but has no luck as far as lasting peace is concerned'
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
'The new trains should be fast, but the roll-out of the privatisation plan should be slow and well-considered,' recommends T N Ninan.
A familiar face in the glamour circles, Sidhartha Mallya is being groomed to eventually step into his father's shoes.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Oil is now in the $135 range. If this price holds for the next 12 months -- as the futures markets tell us -- the added burden will be a staggering $99 billion. Losses in 2008 could reach $6.1 billion. The situation is desperate and potentially more destructive for the industry than our recent crises -- SARS, terrorism and war -- combined.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
'Airlines are free to fix the ticket rates after taking into consideration various factors.'
The company expects four to five per cent revenue growth from Star Alliance membership.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
Let's take a look at some of the best airports in the world.
The countries' biggest cities -- Delhi and Lahore -- are fighting a common enemy: Smog.
Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
The petition has also made the Ministry of Finance and the bank as parties in the case.
The United States has restricted the entry of passengers from the three Ebola-stricken West African nations to five major airports conducting enhanced screening for the virus, safeguarding its citizens from the epidemic.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
Sebi's order comes close on the heels of Central Bureau of Investigation naming Mallya, Kingfisher Airlines and nine others, in the charge sheet related to the 2015 loan default case.
'We flew all missions in the first part of the war at low levels; that is at 300 to 500 feet above the ground.' 'These sorties were no doubt stressful since the pilots and crew had to look out for birds and obstructions as well as enemy gunfire.'
Kingfisher Airlines, struggling to stay afloat, may spin off its ATR fleet and loyalty programme (frequent flier programme) into separate units.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
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