IndiGo's share sale will raise the company's retained earnings to Rs 2,680 crore.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
'What would we feel if we found the world behaving the way it has?' 'Forced to fight our own prolonged battle; nobody from outside really demanding that the war end or actively working to make it end, and above all, a completely toothless United Nations reduced to pleading for a halt to the violence,' notes Shyam G Menon, exactly a month after Vladimir Putin ordered the invasion of Ukraine.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
"In 21st century India, there is no place for corruption. Corruption slows down growth and takes a toll on the dreams of the poor, neo-middle class and middle class," he wrote in an article posted on Linkedin.com.
Was romance invented so that Sanjay Leela Bhansali would one day make Hum Dil De Chuke Sanam, which released on June 18, 1999, asks Subhash K Jha.
Domestic air passengers traffic logged a 20.1 per cent growth in the January-September period.
Dhoni says no to brand endorsements amid pandemic, keeps busy with organic farming
Several hospitals in the national capital have been left with no option but to use their back up stock
News of all that transpired on and off the football field
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
Trump had come under fire from both Republicans and Democrats for his muted response to the violence unleashed by white supremacists during a rally in Charlottesville.
Congress campaign seeking to paint the ruling party as anti-poor and anti-farmer seems to have unnerved the BJP, feels T N Ninan.
The Left party had favoured spending six and three per cent of GDP on education and health care sectors.
Hasty, ill-conceived steps show how isolated Mamata Banerjee had been from the national political trend. A fascinating excerpt from Sugato Hazra's Losing The Plot: Political Isolation Of West Bengal.
Why are far right Hindu organisations growing in strength? Why is there a rising subscription to Neo-Wahabism, the Saudi Arabian version of contemporary Islam?
"A seal from a factory in Bihar was found on the three AK22 rifles recovered after the Gulshan terror attack," Counter-Terrorism and Transnational Crime chief Monirul Islam was quoted as saying by the Dhaka Tribune.
The CM said that initial probe indicated "mismanagement" to be the prime reason for the accident, which occurred on Wednesday evening.
An Air India spokesperson said the plane landed at an "uncommissioned runway" and that all passengers are safe.
Pour yourself a hot drink and enjoy!
The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
'Where he used to sit bored, sulky and fiddling with his cell phone in the Lok Sabha (and was often missing during key debates) he is now noisy, aggressive and ready to lead his flock into the well of the House,' says Sunil Sethi.
Rights holders Nimbus Communications, which owns Neo Cricket and Neo Sports channels, have retained the television rights of the Board of Control for Cricket in India for four more years for a whopping Rs 2000 crore.
Here's what's going on in the world of Hollywood stars!
The infants were aged between a month and three months, a doctor said. District civil surgeon Pramod Khandate said fire broke out at the Bhandara district hospital at around 1.30 am. There were 17 babies in the unit and seven were rescued, he added.
Seventeen children died in the neo-natal ward, five in the acute encephalitis syndrome ward and eight in the general ward.
Vistara will operate from its base Delhi and fly to Mumbai, Bengaluru, Hyderabad, Goa, Chandigarh, Srinagar, Jammu and Patna in the first year as per its plan submitted to DGCA while applying for the AOP.
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."
It's too big to digest as one whole airline.'
Nokia announced its flagship device based on new Windows OS while Samsung got its flagship Galaxy S5 to Indian market
To become a type-rated pilot, a person has to take additional training.
The airline is strengthening its flight operations department to make this happen.
IndiGo is providing digital solutions to everyday problems, attracting customers to digital platforms and engaging start-ups to find solutions
The geared turbofan, a step-change in the efficiency of turbines for commercial aircraft, has been hit by a slew of design flaws that have grounded planes, delayed deliveries and prompted millions of dollars in compensation claims.
The Prime Minister's Office has said that these innovations will herald a new era of travelling comfort and enhanced mobility.
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
Neo Sports on a sticky wicket as big players stay away.
Bangladeshi-Canadian Tamim Ahmed Chowdhury and dismissed army officer Syed Md Ziaul Haque have been identified as the brains behind the two terror attacks.
'Should you give a man fish, or teach him how to fish?' 'Lurking hidden in the new bout of welfarism seems to be an admission that the State can't deliver for the poor anything other than cash,' notes T N Ninan.
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