Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
A dipstick survey covering 30 villages in Rajasthan threw up some worrisome numbers. About 250 children missed their regular vaccination schedule in March alone. These numbers are alarming, since India has around 600,000 villages according to the 2011 census. Sohini Das reports.
India's Civil Aviation Minister Praful Patel has said that he expects the country's newly regulated airline sector to boom 20 per cent annually over the next five years on the back of surging investment and traffic.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Ending the monopoly of government-owned airlines to fly abroad, the DGCA has initiated the process of allowing private carriers to launch overseas services by asking them to file their schedules and fares for operating to Colombo.
India's main hubs are bursting at the seams.
Although Gorakhpur is the largest urban centre and trading hub in Eastern UP, catering not only to the neighbouring district but also the adjoining Bihar and Nepal, it had been lacking in proper infrastructure of road and air connectivity, impeding the harnessing of its socioeconomic potential.
Following in the footsteps of Indian Airlines, Jet Airways on Friday announced a $5 fuel surcharge on all international flights originating from India.
There is no clarity on the stand taken by the PM on many issues plaguing the aviation sector
The bankers also alleged that the Rs 594-crore claim at this point of time is a clear-cut tactics of UBHL to delay the process of justice, knowing fully well that the case is on the verge of disposal.
'It's like your own private Boeing 747 which you can fly yourself. This concept brings the aeroplane closer to passengers and opens the cockpit to everyone.'
Indian students, who are living and studying away from home, tell us how they are dealing with the COVID-19 crisis and what they discovered on their journey back home.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
RPI-A chief Ramdas Athawale was on Tuesday allegedly not allowed to board a Jet Airways aircraft.
Bad debt rules are steps in right direction.
With passenger growth pegged at 14 to 15 per cent, airport infrastructure could be a make or break business for both new players and incumbents.
Sell the property if bought for investment purpose.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
'Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) of the ill-fated aircraft have been retrieved. AAIB (Aircraft Accident Investigation Bureau) is conducting investigations,' Civil Aviation Minister Hardeep Singh Puri tweeted, as fresh questions were raised on the safety parameters of the runway.
The official also said the government's official app helped generate information about 697 potential hotspots in the country.
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
Private lenders were among the top losers along with RIL.
This is the second all-India bank strike in as many months.
Prabhat Kumar, who has been appointed as the DGCA chief three months ago, is taking steps to ensure safety of passengers.
This is the second extension for the bids since June 18.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
US-based $40-billion industrial goods giant Honeywell has just launched its 16th plant, a hydrocracker unit with application in oil refining, in India. The two years of Modi government have been full of optimism and energy, Anant Maheshwari, president, Honeywell India, and Steve Gimre, managing director, UOP India, tell Sudheer Pal Singh.
An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
'People don't want to watch a screaming channel if given a decent alternative.'
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
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