The allegations that Dassault Aviation's investment in Reliance Airport Developers Limited was used to buy land for Dassault-Reliance Aerospace joint venture is factually incorrect, Reliance said in a statement today.

The aviation business is cyclical world over, which makes the airlines prone to bankruptcies in every few years. The recent developments at the beleaguered Jet Airways reminds of the troubled days at KFA six years ago.

The comments come less than three months after Baker said that the Gulf carrier would soon be moving an application to launch a full-service airline in India for domestic operations.

PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.

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.

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.

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.

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.

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.

The recent Double Taxation Avoidance Agreement (DTAA) between India and Hong Kong has made headlines for various reasons. The agreement itself is a testament to the fact that there is growing mutual recognition between India and Hong Kong, with respect to their investment potential and to ensure prevention of fiscal evasion.