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BusinessToday.In
New Delhi, August 23, 2018
Public sector bank CEOs to examine NPA accounts above Rs 50 crore; a report incorrectly says India saved Rs 3 lakh crore by locally manufacturing handsets; and civil aviation ministry's proposal to provide Air India with yet another bailout has been rejected by the Finance Ministry. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, August 22, 2018
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.


BusinessToday.In
August 21, 2018
Air India Group's Alliance Air yesterday started operations from the naval base. The base is being used for commercial flights as Cochin International Airport is shut till August 26 due to flooding of the runway.


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 ...


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.


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.


BusinessToday.in
New Delhi, August 9, 2018
The mission chief of IMF described India as an elephant that is starting to run; after failed divestment bid, Civil Aviation Ministry plans Rs 11,000 crore bailout package for Air India; and China records first current account deficit in nearly 2 decades. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, August 9, 2018
Another Indian family who tried to console the crying child was also deplaned along with the Pathaks.


Prosenjit Datta
New Delhi, August 9, 2018
Needless to say the rapid changes at the top of Air India does not give any chairman enough time to make any substantive changes to the carrier.


BusinessToday.in
New Delhi, August 8, 2018
PNB posts Rs 940 crore Q1 loss amid decline in NPAs; govt hikes import duty on 328 textile items to boost domestic production; civil aviation ministry plans Rs 11,000-crore bailout package for Air India; parliamentary panel asks RBI to restore letters of undertaking at the earliest; banks lose Rs 70,000 crore due to frauds in last 3 financial years. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, August 8, 2018
PNB posts Rs 940 crore Q1 loss amid decline in NPAsScam-hit Punjab National Bank (PNB) reported a loss of Rs 940 crore for the June quarter of financial year 2018-19. The public sector lender had posted a net profit of Rs 343.40 crore in the same quarter of last fiscal. This is the second consecutive quarterly loss for the second biggest state-run lender. The scam-hit bank had recorded biggest ever quarterly loss of Rs 13,417 crore for the January-March period on the back of Nir...


PTI
New Delhi, August 7, 2018
The airline is staying afloat on a bailout package extended by the previous UPA regime in 2012. The national carrier's debt burden was more than Rs 48,000 crore at the end of March 2017.


Manu Kaushik
New Delhi, August 6, 2018
After months of unsuccessful attempts at selling the ailing national carrier, the government decided to pump in additional money.


Mail Today Bureau
July 23, 2018
The Federal Aviation Administration of the USA conducted the audit between July 16 and July 20 in areas covering aircraft operations, airworthiness and licensing of pilots and technical staff.


BusinessToday.In
July 19, 2018
Private airport operators and state-run Airports Authority of India (AAI) have reportedly demanded an increase in passenger service fees after the Central Industrial Security Force (CISF) complained about unpaid dues.


PTI
New Delhi, July 18, 2018
So far, 30 state governments/Union Territories have signed MoUs with the Civil Aviation Ministry for participating in UDAN and providing various concessions to the airline operators. 


BusinessToday.In
New Delhi, July 18, 2018
Top IITs, IIMs students bag up to 137% higher salary packages than other institutions this year: ReportTop IITs and IIMs bagged 137% and 121% higher salary packages, respectively, compared to other institutions, says the Campus Hiring Report 2018 released by assessment and skill-measurement company Mettl. The survey was conducted across 114 engineering and 80 management institutes during the recently concluded campus placement season across different regions. In a region-wise anal...


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