Go Air extended the deadline of its sale, while AirAsia is offering heftier discounts for larger groups.

The Mumbai bench of NCLT on Wednesday deferred its judgement on ousted Tata Sons chairman Cyrus Mistry's petitions against the Tata Group.

The CBI FIR has accused AirAsia India, its officials as well as AirAsia Berhad, of trying to manipulate government policies through corrupt means in order to bag an international licence for the domestic airline.

SBI to auction 12 bad accounts this month to recover over Rs 1,325 croreThe country's largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore. The e-auction of these accounts will take place on June 25, according to an SBI notice. State Bank of India (SBI) said interested bidders can conduct due diligence of these assets with immediate effect after submitting the expression of interest and executing a non...

Files collected by the agency pertained to the FDI proposal made by the airline and clearances granted by the FIPB (abolished later) to AirAsia so that it can launch its operations in India, an official said.

Business Today is in possession of an audio conversation where former CEO of AirAsia India Mittu Chandliya is giving a presentation to his boss Tony Fernandes in the presence of lobbyist Rajender Dubey. In the conversation, Fernandes says that he is ready to get the international routes for AirAsia India through \"dirty ways\".

On Friday, the CBI questioned 'lobbyist' Rajender Dubey in connection with alleged malpractices by AirAsia India Limited and its promoters while trying to get international flying licences by manipulating policies.

Starting an airline in India is a long winding process. On Tuesday, CBI filed an FIR accusing AirAsia of trying to manipulate government policies through corrupt means in order to bag an international licence for the domestic airline. Watch BusinessToday.In's video where Manu Kaushik talks about AirAsia controversy and how to get a license to operate in India.

One of India's oldest philanthropic organisations was raided by the Central Bureau of Investigation (CBI) for the first time in a century. It's a big deal because the organisation in question is Tata Trusts, which owns two-third of the stock holding of Tata Sons, the apex company of the Tata group of companies.

India has formally asked Britain to help extradite fugitives Vijay Mallya, Lalit Modi and Nirav Modi; US announced a 25 per cent import duty on $50 million of technology goods imported from China and AirAsia India and its joint venture partner Tata group are alleged to have lobbied to eliminate the 5/20 rule to fly profitable international routes. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

While the CBI has filed an FIR against AirAsia India for alleged violation of FIPB norms, the aviation regulator Director General of Civil Aviation (DGCA) had given a clean chit to the low-cost carrier in February 2017.

The low-cost carrier is majority-owned by Tatas and Venkataramanan has around 1.5 per cent shareholding in the joint venture with AirAsia Berhad.

In a statement, the domestic carrier said that allegations regarding indirect foreign control in violation for norms were fully investigated by the Director General of Civil Aviation (DGCA).

AirAsia CEO Tony Fernandes seems to have landed himself in a soup. The Malaysia-born aviation tycoon, who wanted his Indian airline venture to fly internationally, was on Tuesday named in an FIR filed by the CBI.

AirAsia India, which is a joint venture between Tata Sons and AirAsia Berhad, was started in 2013 as a low-cost carrier, and currently flies 18 Airbus A320s. AirAsia India marked the re-entry of Tata Group in the aviation sector after a long break.

India's low-cost carriers IndiGo and Air India Express have been ranked among the top five cheapest airlines in the world in providing international connectivity.