Former French president Francois Hollande was quoted as saying that the Indian government proposed Anil Ambani's Reliance Defence as the partner for Dassault Aviation in the Rs 58,000 crore Rafale jet fighter deal.

Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.

The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital as well as various other land assets and buildings of the airline in different parts of the country.

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital as well as various other land assets and buildings of the airline in different parts of the country.

Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round

Qatar Airways, which has been eyeing the fastest-growing Indian aviation market for a while now, is showing interest in buying Air India.

It was among the wisest decisions taken, when the Finance Ministry junked Air India's demand for a Rs 30,000-crore fund infusion, reportedly because the airline didn't present a turnaround plan.

After putting disinvestment of debt-ridden Air India on the back burner, the government is set to infuse Rs 2,100 crore into the loss-making national carrier.

Vedanta hopes to gain from Venkatakrishnan's South African experience in leveraging the strength of its copper mines in the country.

Gandhi did not hold back any punches and said, \"Slap as many defamation suits as you want, but the truth remains that just as demonetisation was done to help the prime minister's crony capitalist friends, the Rafale deal was done to benefit Anil Ambani's group\".

Air India's turnaround was so futile that even after pumping in Rs 28,000 crore into the airline, it could barely generate operating profits (not even net profits) of Rs 403.03 crore in two financial years  (2015-16 and  2016-17).

The Parliamentary Standing Committee on Transport, Tourism and Culture -- headed by TMC leader Derek O' Brien -- also sought details about funds infused by the government into Air India, which has been making losses for long.

Air India is on the brink of defaulting on bank loan repayments, so the aviation ministry has sought Rs 500 crore from the finance ministry on an urgent basis.

Analysts suggest the government's decision to reject fund infusion proposal could have stemmed from the fact that another bailout package might not play in favour of the present government in the upcoming Lok Sabha elections in 2019.

Flood hit Kerala seeks hike in borrowing limit to 4.5% to raise Rs 10,500 croreBattling its worst flood in nearly a century, Kerala is planning to raise an additional Rs 10,500 crore debt for rehabilitation and rebuilding. To achieve this, the Chief Minister Pinarayi Vijayan today said that his government will ask Centre to raise the ceiling on borrowing for the state to 4.5 per cent of the GDP. The borrowing limit is currently capped at 3 per cent. GSK seeks mid-September bi...

After the proposed strategic disinvestment of Air India failed to take off in May, the government has been looking at ways to bolster the carrier.

How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.

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

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 ...