The national airline had incurred a net loss of Rs 5,859.91 crore (Rs 58.59 billion) last fiscal.
'India placed the order, primarily due to the IAF's 'critical operational necessity'.' 'The complexity of the IAF's requirements delayed the process for months.' 'It is these requirements which cannot be made public.' 'Can you image Indian politicians publicly discussing the pros and the cons of such military equipment?' 'It would provide India's enemies with indications about the IAF's tactical plans in case of a conflict.' 'It is crucial that they should remain secret to protect India's defence preparedness,' explains Claude Arpi.
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
Whether it's about colonising Mars or donning Net-connected apparel, 2022 is a year everyone seems to be planning for, says Nivedita Mookerji.
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
Pakistan plans to buy the fourth generation stealth fighter aircraft from China to boost its defence capability, according to a media report on Saturday.
The breadth, indicating the overall health of the market, turned negative from positive
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
Remadevi Thottathil, Indian Navy's first ever lady Air Traffic Controller takes us through her inspiring career journey.
Air India is in a better state now than it was when Lohani's predecessor took over in 2011, four years after a merger with state-run carrier Indian Airlines.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The airline re-built the flight schedule and refunded passengers.
Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
According to assurance, tax and advisory firm Grant Thornton, corporates in the country announced 458 deals in the January-November period amounting to $26.76 billion.
Gandhi accused BJP of re-inaugurating projects launched by the UPA dispensation.
The top posts on social media from your favourite Bollywood celebrities.
The apex court said there was no occasion to doubt the decision-making process in the multi-billion dollar Rafale deal.
XTI Aircraft, a Denver, Colorado-based aerospace startup firm, launched an equity crowdfunding campaign.
There are 12 actresses, who are among Bollywood's busiest, working on multiple films simultaneously. Just who are they?
The Delhi-based airline currently has 13 Airbus A320 aircraft in the fleet and it plans to take another seven (A320 Neo) planes by June 2018.
Analysts question negative net worth because of dividend payout ahead of IPO.
In its flight performance, it can move up to a maximum speed of 180 km/h and minimum speed for level flight at 50 km/h.
The attorney general admitted that there is no sovereign guarantee, but asserted that there is a letter of comfort by France which would be as good as a governmental guarantee.
'India has 1 lawyer per 1,000 population.' 'Opportunities in the field of law are plenty.'
Gandhi accusing the minister of 'lying' on HAL's capability to build the jet fighters, saying her position is untenable.
Sensex, Nifty end lower on global concerns.
Air India Express along with SpiceJet and Jet Airways is one of the three main targets for Boeing in the country as it promotes its new 737 MAX aircraft, which is scheduled to enter commercial operations in 2017.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price increase will raise the financial burden on cash-strapped carriers.
Bank shares were the top gainers led by ICICI Bank.
As fliers find themselves spoilt for choice, airlines are looking at ways in which to position themselves distinctively.
Indian companies are now more confident about the execution skills of local banks.
He also said that Bharatiya Janata Party MP Subramanian Swamy has not lied about the deal but it seems he has been misled.
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
Overall, with an above world average traffic growth rate of 5.5 per cent, Asia-Pacific will account for 36 per cent of all new passenger aircraft demand
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
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