Aviation
With no buyers in sight, Centre mulling Rs11,000 cr bailout for Air India
08 Aug 2018
The civil aviation ministry is reported to be in discussions with the finance ministry for a Rs11,000-crore bailout package for Air India, aimed at cleaning up its balance sheet and making it more attractive for privatisation
MH370 mystery: Malaysia’s civil aviation chief quits after probe blames KL ATC for shortcomings
31 Jul 2018
London court extends Vijay Mallya’s bail till 12 September
31 Jul 2018
During a brief hearing, the court asked Indian authorities to deliver a video showing availability of natural light and other facilities at Arthur Road jail in Mumbai where Mallaya will be kept
Air India served default notices by banks, aircraft lessors
30 Jul 2018
At least three lenders and two aircraft leasing firms, including US-based Wells Fargo Trust Services and UAE’s Dubai Aerospace Enterprise, are reported to have issued notices to the airline after the debt-laden national carrier missed out on payment of dues in time
AirAsia weighs acquisition of 134 Airbus aircraft worth $23 bn
16 Jul 2018
AirAsia is weighing an order for 100 Airbus A321neo aircraft and 34 more of the larger A330 neos, worth about $23 billion at list price
Vistara to acquire 19 Airbus and Boeing aircraft worth $3.1 billion
11 Jul 2018
Vistara has placed orders for a total of 19 Airbus and Boeing aircraft worth nearly Rs 21,000 crore, as the carrier embarks on an ambitious expansion plan, including flying overseas
Jet Airways inducts India's first Being 737 MAX
28 Jun 2018
Mallya renews offer to settle with banks, says he is being hounded
26 Jun 2018
Former liquor baron Vijay Mallya said today that he will continue to make every effort to settle his dues with public sector banks, bemoaning that he has become a "poster boy" of bank default and a lightning rod of public anger
Air India targets big boost to revenue with revamped business
23 Jun 2018
With a newly-launched premium class, new uniforms for crew and new exotic cuisine, the airline is expecting to boost its revenue by around Rs2.5 crore on a daily basis to Rs6.5 crore per day
Govt puts off Air India stake sale plan
19 Jun 2018
The government is now looking at turning around Air India to ensure that it makes profits on overall basis before going in for a listing, as is required under Sebi listing norms
London court asks Vijay Mallya to pay £200,000 in costs to Indian banks
16 Jun 2018
The London court ordered Mallya, 62, to pay costs towards registering an Indian court’s order freezing Mallya’s assets worldwide and the order of the Karnataka Debt Recovery Tribunal (DRT) in Britain
Air India may turn to the public to save divestment plan: report
11 Jun 2018
After an aborted divestment plan, the state-run airline is looking at various options, including a public float to sell most of the company’s equity to the larger public, even as it sought short-term fund infusion
Air India finds no takers, but govt expects a last hour rush
31 May 2018
If a bidder does not step in, further decisions on the sale of AI will be taken by a group of ministers, formed to divest the airline, who will have to plan afresh to find an investor
Govt moots full return of fare for air tickets cancelled 4 days ahead
23 May 2018
The draft passenger charter released on Tuesday makes it clear that the cancellation fee can, in no condition, be more than the base fare
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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