Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
'The new trains should be fast, but the roll-out of the privatisation plan should be slow and well-considered,' recommends T N Ninan.
Abu Dhabi is no longer exclusive hub for Jet, Etihad won't recommend candidates for Jet management.
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.
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
India's newest airline-Vistara is bullish on growth prospects.
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
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.
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 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.
'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.'
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.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
It is our only chance of avoiding a repeat of our catastrophic second wave, asserts Naushad Forbes.
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.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
The countries' biggest cities -- Delhi and Lahore -- are fighting a common enemy: Smog.
A familiar face in the glamour circles, Sidhartha Mallya is being groomed to eventually step into his father's shoes.
'Airlines are free to fix the ticket rates after taking into consideration various factors.'
'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'
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.
The company expects four to five per cent revenue growth from Star Alliance membership.
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.
Let's take a look at some of the best airports in the world.
The petition has also made the Ministry of Finance and the bank as parties in the case.
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.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
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.
"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."
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Kingfisher Airlines, struggling to stay afloat, may spin off its ATR fleet and loyalty programme (frequent flier programme) into separate units.
Rupesh Kumar Singh, 40, was sprayed with bullets while he was inside his SUV waiting for the gates of his residence in Punaichak locality in the city to open after his return from office on Tuesday evening.
Formula One is working to put on a British Grand Prix in July even if the country imposes quarantine measures on visitors during the COVID-19 crisis, F1 sources said.
Air India's website, which went down two days ago after the airline offered a special fare of Rs 100, was apparently blocked by a few sites in India and abroad for a considerable time.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
Trump was in contact with multiple lawmakers who have since gone into self-imposed quarantine.
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