For large start-ups the US market is considered to be a preferred destination, as Indian investors were seen as hesitant to pay the kind of valuation private equity investors or the US markets pay. However, Zomato's listing has quashed these notions.
Mittu Chandilya has criticised the proposed credit-based policy for international flight.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
'I used to tell my wife to pack extra food in my tiffin so that I could at least offer that to my colleagues who were living on vada pav.'
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
SpiceJet is the only Boeing 737 MAX operator in India, with 13 aircraft of the type in its fleet and a total of 205 planes on order.
Foreign carriers leveraged the sixth freedom rights to grab Indian market share.
With a debt of several thousand crore rupees, there's no chance the government can attract any buyer unless it cleans up the balance sheet, says Anjuli Bhargava.
A small plane carrying 23 people, including two foreigners, on Wednesday went missing in a mountainous area in Nepal amid poor visibility.
The US is not in a forgiving mood for being humiliated in such a manner by an insurgent force and made to look 'loser' internationally, predicts Ambassador M K Bhadrakumar.
If there is a morality tale here, it is that debt and death spare no king.
However, this was subject to conditions like substantial ownership and effective control of the airline being vested in Indian nationals.
Iran's president Hassan Rouhani offered his apologies and condolences.
An expat pilot with Jet Airways hurled "racist" comments at and assaulted a woman and also abused a physically challenged person on a flight, cricketer Harbhajan Singh claimed.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
A mutually beneficial relationship between the airline and the govt is the reason for its continued funding.
Mission completed, external affairs minister S Jaishankar tweeted.
AirAsia India, which is using the training facilities of its parent airline AirAsia in Malaysia, plans to set up similar facilities in India in the coming years, airline sources said.
An analysis of shareholding patterns of three-listed airlines showed that foreign institutional investors have reduced their stakes in Kingfisher and SpiceJet while hiking their holdings in Jet Airways in three months ended December 2011.
The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
The government's focus is on containing and controlling coronavirus the Ministry of External Affairs said on Thursday and advised Indians to stay put wherever they are and travel only under compelling reasons. Responding to questions about IPL and other sporting events, it said the MEA's advise would be "not do it at this time but if the organisers want to go ahead, it is their decision".
While four of the directors would be nominated by Tata Sons, the other two would be representatives of Singapore Airlines.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
How the first FDI in aviation was achieved.
The facility will be available for domestic as well as foreign carriers flying in Indian skies.
AirAsia recently said it would set up a 49:30:21 joint venture with the Tata Sons and Telestra Tradeplace of Indian investor Arun Bhatia to launch a new Indian airline.
The investigating agency is examining the documents.
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.
FIIs, on the contrary, have been exiting the stock.
The airline now has a total of 1,120 pilots of whom 88 are foreign pilots.
Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon, T N Ninan points out.
With oil prices in a free fall, the airline is looking at regaining some of its lost share.
Russia on Sunday mourned its biggest ever air disaster after a passenger jet full of Russian tourists crashed in Egypt's Sinai, killing all 224 people on board.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
An official of the aviation regulator DGCA had said that the pilots aborted the take off after they were informed about a 'barrier' on the runway
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