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BusinessToday.In
New Delhi, August 20, 2018
Kerala CM seeks Rs 2,000 cr relief package from PM as state suffers Rs 19,512 cr lossAbout 357 people have lost their lives in what could be called the worst-ever flood in a century in Kerala. So far, the National Disaster Response Force has evacuated over 10,000 people from the worst-affected areas of southern state. In an unprecedented relief effort under the instructions of Prime Minister Narendra Modi, 67 helicopters, 24 aircraft, 548 motorboats and thousands of rescue personn...


Rajeev Dubey & Joe C Mathew
New Delhi, August 20, 2018
How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.


Manu Kaushik & Joe C Mathew
New Delhi, August 20, 2018
Less than a year after taking charge, K.J. Alphons, Minister of State (Independent Charge) for Tourism, launched a revamped Incredible India campaign. Alphons, who is candid about the issues facing India's tourism sector and wants to reduce the role of the government to just promoting tourism, speaks about efforts to make tourism hip again in a conversation with Business Today's Manu Kaushik and Joe C. Mathew. Edited excerpts:


BusinessToday.In
August 19, 2018
Prime Minister Narendra Modi on Friday visited flood-ravaged Kerala and announced an immediate financial assistance of Rs 500 crore. He also announced an ex-gratia of Rs 2 lakh per person to the next of kin of the deceased and Rs 50,000 to those seriously injured.


BusinessToday.in
New Delhi, August 17, 2018
Why Indians should be grateful to Atal Bihari VajpayeeAs the nation mourns the loss of former Prime Minister Atal Bihari Vajpayee, it's also time to remember all that he did for India's economy. He started the 'Sarva Shiksha Abhiyaan' with the aim to provide education for all. He made India a nuclear state. Pokhran 2 was conducted during his tenure. He laid the foundation of the Golden Quadrilateral in 1999 for smoother movements of products and people. He's also considered the ...


Joe C Mathew
August 16, 2018
One and a half decade after Vajpayee demitted office, he is today remembered as a leader who took forward India's telecom revolution, laid the foundation for massive infrastructure projects - road, rail and air, in a size and scale that matched the Nehruvian-era.


PTI
August 14, 2018
Air India's 19 aircraft which were on ground included wide-body Boeing 777s, which are used for ultra-long operations, as well as B787 Dreamliners, which caters to airline's European network


BusinessToday.In
New Delhi, August 13, 2018
Go Air extended the deadline of its sale, while AirAsia is offering heftier discounts for larger groups.


BusinessToday.In
New Delhi, August 13, 2018
In November 2017, the GST Council had cut tax rates for all restaurants, except the ones located within hotels with room tariffs of Rs 7,500 and above, to 5 per cent.


BusinessToday.In
August 13, 2018
PM Modi may push financial inclusion drive in I-Day speechPrime Minister Narendra Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government's financial inclusion drive, official sources said. There could be a doubling of overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as part of the government's effort to fund the unfunded, they ...


Mail Today Bureau
August 13, 2018
Taking the top management head-on, the pilots have questioned as to why the aircraft were being allowed to remain on the ground for so long as this is having a significant impact on the bottom-line of the national carrier.


PTI
August 12, 2018
The Directorate General of Civil Aviation (DGCA) has already evaluated the financial health of the national carrier Air India recently, besides conducting a special audit of Air Deccan, the source close to the development said.


PTI
August 11, 2018
Since there is no historical data on the market and demand from any airlines, the project will be done as a pilot project. The development would pave the way for operation of amphibian planes to enhance air connectivity.


Rajeev Dubey
August 11, 2018
'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.


BusinessToday.in
New Delhi, August 10, 2018
Government is working on turnaround plan for Air India; audit panel rejects Jet accounts; board defers Q1 results; Samsung Galaxy Note 9 launched at Unpacked event in New York; Supreme Court sends Jaypee Infratech back to NCLT, bars promoters from bidding. Watch more in this episode of Business Wrap.


BusinessToday.In
August 10, 2018
Jet Airways spokesperson said this is not the first instance in corporate India of deferment of quarterly financial results by a company.


BusinessToday.In
New Delhi, August 10, 2018
The dividend payout in 2016-17 was Rs 30,659 crore for the fiscal ended June 2017. The dividend was low last year on account of additional expenses incurred on printing of new currency notes following demonetisation in November 2016.


BusinessToday.in
New Delhi, August 10, 2018
Govt working on turnaround plan for Air India, may allow airlines to raise external commercial borrowingAs the Civil Aviation Ministry plans Rs 11,000-crore bailout package for ailing Air India, Aviation Secretary RN Choubey on Thursday confirmed that the centre is working on a turnaround plan to make the debt-ridden airline competitive. Also, the centre is working on ways to let all airlines raise external commercial borrowing to meet the rising operational costs. The decision se...


BusinessToday.In
New Delhi, August 10, 2018
Civil aviation secretary RN Choubey said they are working on a turnaround plan to make Air India competitive and are holding consultations with the finance ministry.


BusinessToday.In
New Delhi, August 9, 2018
In addition to Rs 11,000 crore bailout package, the govt may give the board of directors additional powers to take decisions on operational issues.


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