The government should allow private airlines to outsource services like security, ground-handling and engineering to enable them become cost effective, Go Air managing director Jeh Wadia said in Mumbai on Thursday.
Lalit Modi may now be a pariah in Board of Control for Cricket in India circles, but if Kings XI Punjab co-owner Ness Wadia is to be believed, the IPL franchisees still long for the league's suspended commissioner. Wadia spoke fondly of 'family friend' Modi, lamenting how he has been 'hung without trial' by the media and expressing confidence that 'he would be back soon'.
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.
In the latest annual report posted on its website, Danone has said it is negotiating with its partner with a view to selling its 25.5 per cent indirect stake in Britannia.
The company hasn't been able to find a buyer because of the slowdown.
Expelled Bharatiya Janata Party leader Jaswant Singh on Monday came under fresh attack by the right-wing, when an article in the Rashtriya Swayamsevak Sangh mouthpiece accused him of conniving with Pakistan founder Mohammad Ali Jinnah's grandson Nusli Wadia, to help the latter get possession of a prime property in Mumbai.
The two groups have another JV, Wadia BSN, set up in 1996 to launch Groupe Danone's products from its global portfolio. However, nothing has been launched through the JV till date and Danone is in negotiations with the Wadias to dissolve the JV.
As it turns out, in recent years, companies operating in India have been increasing royalty and technical payments to their parent or associate companies at a fast pace.
Bollywood actor Preity Zinta, who has accused industrialist Ness Wadia of molestation, said her former boyfriend had thrown burning cigarettes at her and locked her up in a room even before the May 30 incident at Wankhede Stadium after which she filed a police complaint.
Punjab Kings on Wednesday issued a clarification that they had picked the right cricketer during the IPL auction in Dubai, contrary to reports that they had bid for a 'wrong' player because of confusion in the name.
The airports have been on alert since the first week of this month following a threat report about a possible hijack by some Kashmiri militant outfits.
Wadia is also reported to have said he was not detained.
Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings. In an e mail to the airline's employees on Thursday, Khona said that November 30 is his last day at the company. Khona had returned to Go First in August 2020 as its CEO.
Sam Curran tweeted, 'Back to where it all started! Looking forward to it.'
Here's wishing these babies a Wonderful Lifetime Ahead!
Dhawan has replaced Mayank Agarwal as captain while Bayliss, who coached England to the 2019 World Cup title and KKR to two IPL titles, has replaced Anil Kumble.
Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set to be heard by the Delhi bench of the NCLT on Thursday. Go First has cancelled all its flights for three days starting from May 3.
As Go First awaits the NCLT verdict on its voluntary insolvency resolution plea, lessors have sought deregistration of nine more aircraft of the crisis-hit airline. In one week, various lessors have approached aviation regulator DGCA for deregistration and repossession of a total of 45 planes of Go First. The National Company Law Tribunal (NCLT) is set to pronounce the order on the carrier's petition on Wednesday.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
It is time the BCCI allows IPL teams to play exhibition games overseas in the off-season as it will only strengthen what is already a strong product, said Punjab Kings co-owner Ness Wadia.
No-frills carrier Go First filing for insolvency proceedings and cancelling flights is bad for the airline industry as the move will reduce capacity and could push airfares in certain routes, travel agents' grouping TAAI said on Wednesday.
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order allowing crisis-hit Go First's voluntary insolvency resolution proceedings. A two-member NCLAT bench asked several aircraft lessors of Go First opposing insolvency, to approach National Company Law Tribunal (NCLT) for any remedy. "The order dated May 10, 2023 allowing insolvency is upheld," said the NCLAT bench headed by Chairperson Justice Ashok Bhushan.
IPL franchise Punjab Kings is unhappy about KL Rahul leaving the team despite getting 'all the freedom' as the captain over the past two seasons and says it would be unethical if he has already been approached by a new franchise.
Punjab Kings co-owner Ness Wadia believes Rs 2000 crore base price for two new IPL teams is a conservative number which should go up by 50 to 100 per cent during bidding.
Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. Meanwhile, a senior executive at the airline expressed hope of resuming ticket sales -- which was paused by DGCA following the grounding of the carrier -- from July 7 or July 8 and subsequent relaunch of the operations from middle of next month.
Punjab Kings have under-performed since IPL's inception, reaching the final only once in 14 attempts.
Punjab Kings co-owner Ness Wadia feels that IPL should now be held in two separate halves with a significant increase in number of matches after the BCCI made a 'killing' at the media rights auction with a US$ 6.2 billion deal.
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.
Officials said 13 more families living in houses with huge cracks were moved by the administration to safe locations on Sunday.
Kings XI Punjab co-owner Ness Wadia, who spoke to the BCCI officials including president Sourav Ganguly on Friday, said the situation has to improve for the 13th edition of the IPL to take place.
Instead of speculating on the IPL's title sponsorship, Kings XI Punjab co-owner Ness Wadia says the focus must be on ensuring that not a single COVID-19 case is reported during the event, which according to him, is set to be the "best ever".
Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday reviewed relief and rescue operations with senior officials of the government after returning to Dehradun from on-site inspection of Joshimath landslide area gave directions for forming a coordination committee immediately at the government level under the chairmanship of the Additional Chief Secretary and at the local level under the chairmanship of the Commissioner Garhwal.
The CEOs and owners, most of whom are yet to reach UAE, are also allowed in the bio-bubble but any SOP violation will send them into a seven-day quarantine.
A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.
Both Jet Airways and Go First have met with a similar fate of landing up in insolvency, albeit for different reasons. Whether Go First will be able to avoid the sharp erosion in value like in the case of Jet, experts say, will depend on how quickly it is able to restart operations and retain its slots at airports. Go First, owned by the Wadia group, filed for voluntary corporate insolvency resolution on May 2 due to inadequate capacity utilisation that led to a cash crunch.
Indian airline Go First is considering legal action against Pratt and Whitney (PW) for failing to provide compensation after March 2020 for planes grounded due to engine supply delays, sources said on Thursday. About 90 per cent of the airline's fleet of aircraft uses PW engines. About 24 of the airline's 55 planes are grounded due to delays in engine supply by PW.
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