Thackeray welcomed Bajaj Auto chairman Rahul Bajaj's comments against the proposed bailout of debt-ridden Kingfisher by the government.
The company said it will appoint a new Chairman at the next Board meeting.
According to CAPA, partial abolition of the 5/20 rule was a serious compromise.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
RBI rule, applicable prospectively, also for non-group guarantors.
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.
'We built it in the last three years and then one day, they came and they said you have to close it'
The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.
The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.
A debt recovery tribunal in India ruled that Rs 6,200 crore of Vijay Mallya's dues -- Rs 5,000 crore as principal and Rs 1,200 crore as interest -- was payable. Mallya claims that out of the sum due, Rs 3,000 crore had already been recovered by the claimants.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
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For two decades after his release in exchange for passengers of a hijacked Indian Airlines plane in 1999, Azhar has since been the darling of Pakistan's external snooping agency Inter-Services Intelligence.
Deal will help the Diageo to ramp up its presence in the global whiskey market and Vijay Mallya to repay debts of its group company Kingfisher Airlines.
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The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
Submits new settlement offer to SBI
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
Gandhi on Thursday accused Jaitley of lying to hide the "free passage" he allegedly gave to Mallya to flee to London, while the ruling party counter-claimed that the Gandhi family had tried to salvage the sinking Kingfisher Airlines with a "sweet deal".
The two Congressmen are Mario Diaz-Balart and Ben McAdams.
Finalisation of the date for joining the elite club will be decided only by Air India, Star Alliance vice-president for corporate office, Christian Klick, told reporters here during a media interaction.
With each team working on a dedicated task, the SOG is moving full steam ahead with its efforts to hit out at terrorists trying to make Srinagar their base, said senior officials anxious to recast the image of the force.
The Indian government had given permission for the airlines to operate flights from these destinations, its CEO James Hogan told a press conference in Chennai on Thursday. Once connected to Kolkata and Jaipur, Etihad would have doubled its Indian destinations to eight, ever since it commenced services to Thiruvananthapuram and Kochi last year, before adding New Delhi and the commercial capital of Mumbai.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Calcutta HC dismisses United Bank of India's decision on technical grounds
Kingfisher Airlines will carry within the country passengers of Delta Airlines of the United States
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Air India has been in the red since the merger of then Air India and Indian Airlines in 2007.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
There have been at least 1,641 cases of the virus in the Gulf region. Dubai has postponed its March boat show until November and Abu Dhabi postponed the ITU World Triathlon event this month, after earlier cancelling a cycling event in which two riders were diagnosed with the virus.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
From developing an app that instantly alerts teachers and parents when a student is bullied in school to a one that helps airline users to track their lost baggage -- young Indian American students made their mark at the inaugural app competition organised by prominent United States Representative Mike Honda in California recently. Rediff.com/India Abroad's Ritu Jha reports.
Regional connectivity will bring development to tier-2 and tier-3 cities which are becoming "growth engines", Prime Minister Narendra Modi said while inaugurating the first flight under UDAN.
Waris Ahluwalia, 41, who had been on a trip to Mexico, took a photo of himself and his boarding pass for an Aeromexico flight back to NYC, explaining in a caption that he had been prohibited from boarding.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
Two Palestinian-origin men were stopped from boarding a flight back home in the United States because a fellow passenger was scared to fly with them for speaking in Arabic, an incident showing public paranoia after the Paris attacks.
Ernst & Young LLP India has been appointed as transaction adviser for the strategic divestment process.
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
Must satisfy shareholders on game plan to steer UB Group over next 12 months.
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