The Centre also overruled financial advisers' recommendations for making payments through an escrow account, an important safeguard in the absence of a sovereign or bank guarantee, The Hindu has reported.
The empowered group of ministers on Friday deferred a decision on the appointment of a financial consultant for privatisation and modernisation of Delhi and Mumbai airports.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
Aviation turbine fuel or jet fuel price was on Wednesday hiked by a steep 9.2 per cent, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
The family of the teenage girl, who was killed after being molested and thrown off a moving bus belonging to the ruling Badal family in Punjab, has refused to cremate her till the administration fulfils their demands for compensation and cancellation of the transport firm's permit.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
The airline shut shop in October 2012.
Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services, tells Sheetal Agarwal key trends in this earnings season and investment themes in Indian markets.
He has also said that the overall mood of the Indian consumer remains subdued
The report claims it will take another six months before the government decides precisely what it wants to achieve from Brexit
Sebi to look into disclosure, other lapses in the Vijay Mallya, Diageo case.
Justice Gogoi's tenure as judge and as CJI was marked by some controversies and personal allegations but that never came in his way of his judicial work that was reflected in the last few days when benches headed by him delivered some path-breaking judgments.
Investment bankers said retail investors were pulling back, while institutions were being pickier
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
India needs a host of low-cost carriers, like in other countries, to enable more people to fly, global consulting firm A T Kearney said on Friday.
The document titled 'Details of the steps in the decision making process leading to the award of 36 Rafale fighter aircraft order' stated that the process as laid down in the Defence Procurement Procedure-2013 has been followed in procurement of the Rafale aircraft.
The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
'You will see how tears again flow from the eyes of this actor 2-3 days before the elections,' he said.
ATF price in Delhi was reduced by Rs 4,765.5 per kilolitre (kl), or 11.9 per cent.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
Stocks of SpiceJet on Friday surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore (Rs 15 billion).
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
US Secretary of State Micheal Pompeo and Secretary of Defence James Mattis will travel to New Delhi next month for the 2+2 dialogue.
With the United Progressive Alliance-II's tenure coming to an end, France had wanted India to sign a pact to provide government guarantee for completion of negotiation for 126 fighter aircraft with Dassault company but Defence Minister A K Antony has refused to do so.
SpiceJet grounded all its aircraft due to payment woes
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
LPG rates were last hiked on November 1 by Rs 2.05 per cylinder. Prior to that rate was hiked on October 28 by Rs 1.5 per cylinder on account of hike in commission paid to dealers.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
The overall FDI policy landscape is changing and can do so faster, says
Case in the US relates to an Airbus Corporate Jet
ATF or jet fuel price has been cut marginally while rate of non-subsidised cooking gas LPG has been hiked by Rs 27.50 a cylinder.
Airline wants to fly to West Asia, Southeast Asia.
French sources say Hollande was motivated to speak out after an Indian media report revealed that the Reliance Group had part-funded a film venture by his domestic partner, French actress Julie Gayet.
The price movement and trading volumes for few days prior to Mistry's ouster will also be looked into
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
India on Monday signed a nearly USD 3 billion (around Rs 198 crore) deal for purchase of 22 Apache attack helicopters and 15 Chinook heavy-lift choppers with American aviation giant Boeing and the US government.
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