The Bombay high court on Tuesday restrained French dairy major Groupe Danone from selling the shares of Avesthagen, a Bangalore-based bionutritional company.
The onus to provide proof that the new project would not jeopardise the interests of the existing joint venture lies equally with the foreign investor and the Indian partner.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
The Wadia group-promoted low-cost carrier GoAir will launch its commercial flights from November 4, 2005 and would operate in the Mumbai, Goa, Ahmedabad and Coimbatore routes.
Budget carrier GoAir on Tuesday said it has placed orders for purchase of 20 Airbus A320 aircraft to add to its current fleet of five.
Of the 48 flights, which are not being operated as part of the curtailed schedule, 42 are of IndiGo and six of GoAir.
Chief executive Giorgio de Roni explains to Business Standard the merit of GoAir's cautious approach.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
The DGCA cracked the whip after an IndiGo flight bound for Lucknow returned to Ahmedabad within 40 minutes of its getting airborne due to a mid-air engine failure.
GoAir announced discounts on fares, starting from December 21.
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
The Mumbai police have provided security at the office of industrialist Nusli Wadia following threat calls from fugitive underworld don Ravi Pujari, police said on Thursday.
Domestic air traffic logged 14.35 per cent growth in November as compared to the corresponding period last year propelled by the festive season rush.
Bollywood actress Preity Zinta has submitted four photographs to Mumbai police showing bruises on her hand to back her claim of criminal assault against her ex-boyfriend Ness Wadia even as the industrialist shared with investigators the contact details of witnesses he wants examined, police said on Wednesday.
Non-metro routes get 73 per cent of its flyers -- a factor that has earned it double-digit share with only 19 planes.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
Domestic airlines may increase foreign flight frequencies
The 5 CCTV cameras at Garware Pavilion in Wankhede stadium where actress Preity Zinta was allegedly molested by industrialist Ness Wadia on May 30 have neither captured any argument nor scuffle inside the premises between the estranged couple, police said on Tuesday.
Four more witnesses listed by industrialist Ness Wadia, accused of molesting, abusing Bollywood actress Preity Zinta during an Indian Premiere League match on May 30 at Wankhede Stadium, have testified before the investigators, denying any arguments between the estranged couple, the police said on Thursday.
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
The firm, which traces its origin back to 1862 in a humble Kolkata bakery and its subsequent listing on the bourses in 1918, says that it now wants to grow "substantially" and not just rest on its laurels.
Bombay Dyeing is betting on creating a range of unique, customised textile products, a route that is largely unexplored by the home textiles players although several industry reports and consumer behavior studies have talked about the potential for personalisation.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Mumbai Police on Tuesday recorded the statement of Bollywood actress Preity Zinta in connection with the molestation case she has registered against her former boyfriend and industrialist Ness Wadia.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.
The one common theme across companies that have rewarded shareholders is consumption.
The Parsi community runs India's respected corporate houses like the Tata, Wadia and Godrej groups.
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