The company has charted out a three step process in achieving the target
'I used to tell my wife to pack extra food in my tiffin so that I could at least offer that to my colleagues who were living on vada pav.'
During Vajpayee's tenure, he was there as an indispensable insider, witness to every action that had an impact on history: Pokhran-II (nuclear tests in 1998), the 1999 Kargil conflict between India and Pakistan, the Indo-Pak Agra Summit in 2001, intense engagement with the United States on nuclear issues besides the Kandahar hijack.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
UB Holdings had appealed to the bench, of judges Dilip B Bhosale and B Manohar, to let it use Rs 13 crore (Rs 130 million) from a Rs 380-crore (Rs 3.8 billion) deposit to pay a month's salary to employees of the grounded airline and Rs 47 crore (Rs 470 million) to settle tax dues on capital gains made from the sale of a stake in United Spirits to London-based Diageo that got it Rs 1,460 crore (Rs 14.6 billion).
Al-Nahayan wants govt assurance on protection of its foray, meets Anand Sharma.
In 2011, the Gurgaon-based airline placed an order of 180 narrow-body Airbus aircraft, including 150 fuel efficient A320neo and 30 A320s.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
Air India's decision to buy five Boeing 787-9 is illogical.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
Air India, Jet Airways and United fly to these airports from Mumbai and Delhi.
The founder of the dreaded terrorist group Jaish-e-Mohammed undergoes regular dialysis at an army hospital in Rawalpindi in Pakistan.
Licence suspension would be revoked only after stakeholders are convinced of the airline's revival plan, say sources.
Sathe had suffered multiple injuries on his skull in that incident, but due to his strong will power and passion he cleared the test and started flying again, his cousin said.
The MoU is a separate agreement entered into with the ministry that is more broad-based.
Air India plans to induct all these 19 aircraft between this fiscal to March 2018.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
There will be more airlines joining the fray next year.
A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
Kingfisher House is one of the prime real estates of the airline.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
Grounding increases govt carrier's fuel cost by Rs 40 lakh daily, forces changes in schedules.
Using flight search, travellers in the US, Canada, the UK, the Netherlands, Spain, France, Italy, Germany, Poland and Ireland will be able to explore and compare flights to and from any of Etihad Airways 103 destinations.
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
As the ruling alliance starts feeling the tremors, discussions on new equations have also started, reports Satyavrat Mishra.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
SBI had moved the Debt Recovery Tribunal because Mallya owes over Rs 7,200 crore to a consortium of banks led by State Bank of India
Pawan Ruia has finally done it, a beaming Buddhadeb Bhattacharjee, then West Bengal chief minister, had said at the reopening of the 70-year-old Sahagunj factory owned by Dunlop in 2005. But with the Calcutta high court passing a winding-up order in 2013 and the Trinamool Congress-led state government passing a Bill to take over the company in 2016, the once-upon-a-time undisputed leader in the Indian tyre industry looks vastly undone. But that can hardly be a deterrent for Ruia, who has a penchant for making headlines one way or the other.
Reacting to former President APJ Abdul Kalam's statement that he has not received any communication from Continental Airlines, the United States-based airline on Thursday said that they want to apologise personally to him."Since he is not in Delhi, we are waiting for him to return so that we can apologise personally to Dr Kalam," the airline said.The development came shortly after Dr Kalam said that he is yet to receive an apology from the airlines, for frisking him.
United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office in Kolkata on July 9.
Vijay Mallya has been burdened for the past three years with debt at United Spirits spiralling and Kingfisher Airlines, well, on a downward spiral.
A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
The proposal to allow foreign airlines to buy upto 49 per cent stake in domestic carriers originally mooted by the Commerce and Industry Ministry, has received a green signal from the Finance Ministry and the Civil Aviation Ministry.
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
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