air india

 

Wrong to impose GST on international air tickets, says IATA

Jul 16 2018

Global airlines' body IATA has strongly opposed levying of GST on international air tickets, dubbing the taxation as "wrong" as it contravenes many global agreements to which India is a party.

Sexual harassment case: HC asks AI to replace panel chief on air hostess' complaint

Jul 15 2018

The Delhi High Court has asked Air India to replace the chairperson of its panel looking into the sexual harassment allegations by an air hostess against one of its senior officials following which the national carrier agreed to bring in a new person.

AI divestment: IATA chief wonders how much leeway an investor will have in govt-owned airline

Jul 15 2018

With Air India disinvestment failing to take off, global airlines' grouping IATA has said that a carrier has to be "nimble and flexible" even as he wondered how much leeway an investor would have in managing a government-owned airline.

Within hours, AI reverses decision to serve only vegetarian 'special meals' to pilots

Jul 12 2018

Air India pilots were a ruffled lot on Tuesday after the airline asked its caterers to serve only vegetarian 'special meals' to them but within hours, reversed the decision following a furore, officials said.

Air India Exp plane overshoots runway in Mumbai

Jul 10 2018

A major mishap was averted today after an Air India Express aircraft overshot the runway while landing at the Mumbai airport amid heavy rains.

Centre may infuse fresh capital into Air India, says official

Jul 05 2018

After having failed to take the disinvestment plan of Air India ahead, the Centre is now mulling to infuse fresh capital into the ailing airlines, said an official in the Ministry of Civil Aviation.

China welcomes Air India's decision to change Taiwan's name on website

Jul 05 2018

China welcomed Air India's decision to change Taiwan's name to Chinese Taipei on its website and asserted that foreign cos operating in the country must obey China's law.

Working to make Air India profitable again: Goyal

Jul 04 2018

The government is making efforts to turnaround Air India and make it profitable again to be able it fetch higher value from its strategic disinvestment, acting Finance Minister Piyush Goyal said.

Air India Stake sale: Govt on 'Wait and watch' mode: Gadkari

Jul 04 2018

The government has decided to "wait and watch" for the next three-four months before taking a call on disinvestment of national carrier Air India due to prevalent market condition specially high fuel prices, Union Minister Nitin Gadkari said.

Government hikes annual maintenance cost of Air India's VVIP aircraft

Jul 04 2018

In a relief to cash-strapped Air India, the govt approved a proposal to enhance the expenditure for operation and maintenance of the carrier's VVIP aircraft by nearly Rs 200 crore from Rs 336.24 crore.

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COFFEE DAY

ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh

VAKRANGEE

In pact with Reliance Nippon to sell Mutual Fund products

Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis

TATA STEEL

Plans to sell part of se Asia biz as part of strategy to exit non scalable biz

To sell Singapore & Thailand units valuing them at $ 500Mn

Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA

To turn focus to domestic market

ET REPORTS

IDFC

Avendus cap-KKR emerge as frontrunner to acquire IDFC MF

Offer of Rs 3,000-4,000 Cr made by FIN services firm

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