Domestic airports across the country are bursting at the seams. And new ones are stuck.
Come with full data, put in more equity, get other creditors on board and begin homework for RBI okay: SBI chief.
'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.'
Private carrier Jet Airways has obtained security clearance from American authorities to fly to the United States.
Jet Airways, the largest privately owned airline in India, is set to continue its global expansion with the commencement of direct flights from London to Mumbai on May 23
According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.
'Ex-servicemen engineers and technicians are true professionals worthy of being 'Make in India' agents. They can be trusted to bring long term dividends -- it is in their character to be long term loyalists!' says Air Marshal P V Athawale (Retd).
Claim breach in procedure, demand probes; Reliance denies charge
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
Some of its subsidiary airline JetLite's pilots have quit.
The two countries, among the very few fast growing large economies globally, also decided to boost bilateral trade and investment in areas of oil and gas, renewable energy, IT and pharmaceuticals, during talks between Prime Minister Narendra Modi and Indonesian President Joko Widodo.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
The CBI has shared its findings with the Enforcement Directorate.
Domestic air traffic grew by over 14 per cent in September, with 11 Indian carriers together flying a total of 66.66 lakh passengers during the month.
Air India, which this year preferred a consortium of private sector players led by Reliance General, had in fact started feeling the heat even before the crash took place.
'It is important to ensure that the person driving the car has a valid driving licence, is in a stable mental condition and is not under any heavy medication or influence of alcohol,' says K G Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance.
India's top private carrier Jet Airways has reportedly been warned by the Canadian authorities that dozens of their passengers from India are arriving at Toronto's Pearson Airport with fake travel documents.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
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India is the 9th largest civil aviation market in the world and is expected to reach third position with a fleet size of 1,000 by 2020.
Jet Airways' loss widened for FY15 on higher cost.
The carrier has deployed Airbus 330-200 aircraft on the route.
On an average, there are 970 flight arrivals and departures at the Mumbai airport every day.
Debt laden SpiceJet has to pay Rs 1,230 crore toward dues.
Tigerair has announced few free tickets for Singapore flights
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
IndiGo's ascent is not without its risks, however.
India already allows 100 per cent ownership of greenfield pharma businesses.
Singh holds more than 36.15 crore shares.
'You want to be a team that wins the game irrespective of which stadium you are playing in and what the weather conditions may be on that day,' says the outgoing president of IndiGo as he looks back on his eventful tenure.
Ajay Singh is trying hard to turnaround SpiceJet.
'The politician in him saw to it that the foundation stone was laid in Ahmedabad in the run-up to the assembly election in Gujarat in 2017.' 'But the statesman in him also wants it to be his legacy.'
"At present, our credit card base is 7.5 million," he said. Sachin Khandelwal, senior general manager for retail assets, however, declined to comment on specific details, such as the magnitude of the reduction in the bank's credit card business over the past year. The country's second-largest lender, which spearheaded the growth of retail finance in the country, has also been going slow on retail loans for the past few years.
The flight to Mumbai was flagged off by the Indian ambassador to Belgium and the European Union Dipak Chatterjee from the Brussels national airport on Monday morning.
As all airlines have raised carriage charges, private couriers have increased their tariffs 8-20 per cent. India Post, on the other hand, has not tinkered with its tariffs at all. As a result, India Post's tariff is 70 per cent cheaper for domestic destinations and 30 per cent cheaper for international destinations.
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