The growing mismatch between Go First's losses and other group companies' profits was making it tough for the group to fund the losses of the airline venture.
Indian business group Wadia is to join an ever-growing queue of companies wanting to launch a low cost domestic airline, the Economic Times reported Wednesday.
Wadia group, the promoter of budget airline GoAir will invest $30 million with SIA Engineering, a subsidiary of Singapore Airlines, for maintenance, repair and overhaul services in the country.
Mumbai-based Wadia group and French food major Groupe Danone are currently fighting it out in the Bombay high court with the next hearing scheduled for January 10, 2006.
Playing in just his second BBL match, Jerrssis Wadia made an instant impact in the Australian Big Bash League, delivering a thrilling cameo for the Adelaide Strikers.
India's leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver. Supported by strong balance sheets, established brands and access to long-term capital, major business houses including Aditya Birla, Tata, Godrej, L&T, Raymond, Wadia, Shapoorji Pallonji, Mahindra and Adani are positioning realty as a strategic pillar within their diversified portfolios.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
Which were India's first companies that still exist today? Many trace their origins to over a century back. These venerable organisations are business entities. But they chronicle the beginnings of Corporate India.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
India produced 97 million tonnes of dairy products in the year to March 2006 and Danone seeks an increased market share, especially in the speciality product portfolio.
The ongoing tussle between the Mumbai-based Wadia group and European food major Groupe Danone, which was scheduled for a hearing in the Bombay high court on January 10, will now be heard on January 12.
Even as the textile-to-airline Wadia group and French dairy major Groupe Danone try to settle their differences on joint venture agreements, the legal battle between them in the Avesthagen case shows no signs of abating.
Wadia group-owned no-frills airline GoAir on Monday announced that its managing director Jeh Wadia has stepped down from the position. The airline, however, said that Wadia will continue as a promoter. It also announced the appointment of aviation industry veteran Ben Baldanza as vice chairman at the carrier. Baldanza has been an advisor to the company since 2018 and director since 2019.
The Wadia group is looking to renegotiate the price of Groupe Danone's stake in Britannia Industries following the market slump and the credit squeeze in the global markets.
French dairy major Groupe Danone and Mumbai-based Wadia Group on Tuesday gave the finishing touches to a pact to end their 13-year-old joint venture for running Britannia Industries, India's largest food products firm. With it, they buried their bitter intellectual property disputer over the Tiger brand.
According to Sebi's listing obligations and disclosure requirements, a company has to report any fraud, default by promoter or arrest of key managerial persons or promoters as it is a material event.
In this interview -- his first in over three years -- Wadia also talks about the road ahead for his group.
The advantage could translate into Groupe Danone buying the Wadias's stake in Wadia BSN, the 11-year-old venture between the two groups, and hence pave the way for Groupe Danone doing business on its own in India.
Avesthagen's promoters also refute violation of non-compete clause.
Most group firm MDs will report to Nusli Wadia's younger son.
Ness gets Bombay Burmah, Bombay Dyeing goes to Jeh.
Bombay Burmah sees quick divestments, eyes buyouts.
In a breather to the Mumbai-based realty developer G L Raheja group in its long-drawn legal battle with Wadia Group Chairman Nusli Wadia over a 478-acre prime plot in Malad, Mumbai, the Bombay High Court on Thursday allowed an appeal filed by a Raheja unit against an earlier order, which was in favour of Wadia.
The euro 14 billion French dairy major, Groupe Danone, has formally initiated arbitration proceedings to end its partnership with the Mumbai-based Wadia group.
The government on Friday said it would examine a complaint by the Mumbai-based textile-to-food conglomerate Wadia group against Groupe Danone, its French joint venture partner in Britannia Industries Ltd.
In a new twist to Preity Zinta-Ness Wadia episode, the Wadia group has filed a police complaint claiming they received threatening calls and a text message from an underworld don warning that their "business will be in trouble" if the actress was harassed.
Textiles-to-aviation conglomerate Wadia Group, which made a foray into the real estate space recently with a new company Bombay Realty, on Tuesday launched a fully integrated, mixed use development project -- 'Island City Centre' -- in south central Mumbai.
The onus to provide proof that the new project would not jeopardise the interests of the existing joint venture lies equally with the foreign investor and the Indian partner.
The Bombay high court on Tuesday restrained French dairy major Groupe Danone from selling the shares of Avesthagen, a Bangalore-based bionutritional company.
Bombay Realty, a unit of the Wadia group, recently launched a residential project in Mumbai. The company is looking at more projects in Mumbai and Bangalore. Managing Director Jeh Wadia talks about the company's strategy.
Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.
The Mumbai police have provided security at the office of industrialist Nusli Wadia following threat calls from fugitive underworld don Ravi Pujari, police said on Thursday.
A 2019 investigation of Bombay Dyeing by market regulator Sebi has put a brake on the initial public offering process of sister company Go Air. The Wadia group-owned low cost airline had earlier planned to launch the IPO to raise Rs 3,600 crore by August, but may be forced to postpone it by a month or two as Sebi completes its investigation.
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances