Vistara has fine-tuned strategies to tap the elite class and Jet Airways may lose out on market share in times to come.
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.
The banks have asked the court to demand his return and to impound his passport.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
Civil Aviation Minister Praful Patel on Friday said the airline industry in India has grown by 400 per cent in a short span of about six-and-a-half years.
Chidambaram pitched for greater autonomy for the restive Jammu and Kashmir yet again on Sunday, drawing stinging criticism from the Bharatiya Janata Party, with Union minister Smriti Irani calling it "shocking and shameful".
It had declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he had failed to appear despite repeated summonses.
The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.
Mallya will now be the Founder Emeritus of USL
Passengers travelling to the United States will now be subjected to physical pat-downs as authorities announced fresh set of security measures following an unsuccessful attempt by a Nigerian to blow up a US plane midair.
All long-haul flights between India and Britain, the United States, Canada as well as some other European cities were cancelled or indefinitely delayed on Friday as airspace remained closed over several North European airports due to drifting ash from a volcano in Iceland.
A glance back at some of the important ups and down Indian Inc faced in 2018.
In all, 4.2 million shares were sold during the quarter.
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