'When we finished the narration, we expected Shah Rukhbhai to say the usual, 'I'll think about it and let you know in two days.' But he jumped up and said, 'I'm doing the film.'
The government will transfer about Rs 16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making airline to the Tata Group, a senior official said. Air India Assets Holding Ltd (AIAHL), which will hold non-core assets of Air India such as land and building, will also be saddled with 75 per cent of the airline's debt that the Tata Group is not taking over. Besides the debt, the excess liability going to AIAHL comprises unpaid fuel bills to oil companies, airport operators and vendors, said Tuhin Kanta Pandey, Secretary to the Department of Investment and Public Asset Management - the department running the privatisation programme of the government.
The Maharashtra government on Wednesday imposed several new restrictions, including a ban on inter-city and inter-district travel and curbs on office attendance in an attempt to bring the spiralling coronavirus infections under control.
Once the 21-day lockdown is lifted, which may happen in phases, those who have been contemplating purchasing a car may actually do it, said analysts. Thanks to social distancing norms and rising hygiene awareness, daily commuters may ditch public transport and shared mobility solutions like Ola and Uber. Many are likely to prefer the confines of a car over roughing it up in crowded public transport services such as a metro, local sub-urban trains and buses, they said.
Some taxi and cab unions, including those associated with app-based aggregators, have decided to join the strike called by farmers organisations demanding repeal of three new farm sector laws.
According to the report, the magnitude of internal migration is about two-and-a-half times that of international migration.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
We asked you to share tips, suggestions and stories of how you are preventing coronavirus.
West Bengal Chief Minister Mamata Banerjee on Wednesday took stock of the COVID-19 situation in the state, shortly after her swearing-in ceremony, and announced fresh curbs to combat the spread of COVID-19, including suspension of local train services.
Developed countries are relaxing restrictions on economic activity at a faster rate than expected. Global demand for consumer goods, intermediates and commodities is growing at a fast pace. Most exporters are flushed with orders, says T N C Rajagopalan.
The India Meteorological Department (IMD) has forecast 'extremely heavy rains' at a few places in Marathwada, Mumbai and other parts of the coastal Konkan region of Maharashtra in the next 24 hours.
This will have an impact on inflation as everyone in the value chain passes on the costs.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Government and private bus transport services, now allowed within districts barring Chennai, its nearby areas and Madurai would cease to be operational from July 1 to 15, the government said.
Amazon's fresh investment in its India entities come at a time when the Seattle-based firm has faced losses in several of its business entities in India, such as seller services, wholesale, transportation services and digital payments, for the 2018-19 financial year.
The affected trains include Falaknuma, Palnadu, Amaravati Express and Macherla-Bhimavaram Passenger.
Surplus rain water gushed out of reservoirs while several roads here resembled swollen rivers and four persons were killed in rain related incidents in Tamil Nadu and over 60 houses suffered damage, authorities here said on Monday.
The Samyukta Kisan Morcha (SKM), a forum comprising 40 farmer unions, called for a Bharat Bandh on Monday against the Centre's three agriculture laws. Here is its impact across the country:
According to the bid document, as part of the strategic disinvestment Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS. The management control of the airline would also be transferred to the successful bidder.
Finance Minister Pranab Mukherjee said this while presenting the Union Budget for 2010-11 in the Parliament on Friday.
Finance Minister Pranab Mukherjee said this while presenting the Union Budget for 2010-11 in the Parliament on Friday.
After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake.
Two days back, the Directorate General of Civil Aviation had asked IndiGo to take "appropriate action" after it found alleged violation of safety and social-distancing protocols by mediapersons in the airline's Chandigarh-Mumbai flight that had actor Kangana Ranaut as a passenger.
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
Over 20,000 people were evacuated to safer places in these three districts. State capital Mumbai too witnessed water-logging in many areas after overnight rains on Thursday.
The markaz (centre) in the south Delhi neighbourhood organised a Tabligh-e-Jamaat from March 1-15 and at least 2,000 people, including foreigners and Indians from across the country, attended it.
While Ola will be restarting services in over 60 cities across the country from Tuesday, Uber, on the other hand, will restart services in 13 more cities from Tuesday, increasing coverage to over 35 cities.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
Union Minister Nitin Gadkari said opening of transport and highways will go a long way in instilling confidence among the public and cautioned towards maintaining social distance and adopting all safety measures like hand wash, sanitizing, face masks, etc while operating buses and cars.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
"A passenger, who had a COVID-positive certificate dated September 2, travelled on Air India Express' Jaipur-Dubai flight on September 4. A similar incident had happened with a passenger on one of the airline's other Dubai flights previously," said one of the officials.
Chari, 43, will serve as the commander while NASA's Tom Marshburn will be pilot and ESA's Matthias Maurer will serve as a mission specialist for the SpaceX Crew-3 mission to the ISS, which is expected to launched next year.
Maharashtra Health Minister Rajesh Tope warns that the state government will go aggressive if appeals to reduce social distancing are not adhered to.
Nearly 6,000 passengers were stranded as train services on the Konkan Railway route in Maharashtra's Ratnagiri district were suspended on Thursday after a river overflowed following heavy rains, while incessant downpour badly hit road and rail traffic in several parts of the state, including around Mumbai, as authorities called in NDRF to help the administration in rescue efforts.
Markets, banks, business establishments and educational institutions were closed and transport services were suspended.
Road Transport Minister Nitin Gadkari known for promoting innovative ideas in transportation, created a stir some time back when he pitched for 100 per cent electric mobility by 2030. In an interview with Megha Manchanda & Jyoti Mukul, he talks about the Central Road and Infrastructure Fund (CRIF) and electric vehicles.
