The govt is looking at 4 options before it for retaining a stake in Air India, which include keeping 49, 26, 24 or 0% stake in AI with itself, according to an official.
A Parl panel discussed various issues related to Air India disinvestment and civil aviation ministry’s demand for grants for the next fiscal.
National carrier Air India (AI) launched a non-stop flight from Amritsar to Birmingham.
Air India's unpaid fuel bills and airport charges are likely to raise its debt figure from current estimate of around Rs 50,000 cr, according to a senior govt official.
The aviation regulator DGCA has ruled out grounding the Pratt & Whitney-powered Airbus A320Neo fleet despite the recurring serious safety issues with faulty new engines.
The AI flight captain has written in her resolution advisory report that the aircraft was just 100 feet away when it was taken to a safer distance.
Passengers might soon be able to book tickets on Star Alliance member airlines through app of any member carrier, thanks to the grouping's digital services initiative.
Israeli cabinet minister voiced hope that Saudi Arabia would allow Air India to fly to and from Tel Aviv through Saudi airspace, a prospect so far played down by Riyadh.
Air India said it is waiving ticket cancellation and other charges for passengers booked on flights to and from Male till Feb 20, in view of the prevailing situation.
Air India has been "consistently improving" its overall performance and more than doubled its operating profit to Rs 298.03 crore in the last financial year.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1