The CBI was conducting probe as to how Chidambaram, who was the finance minister in 2006, granted Foreign Investment Promotion Board (FIPB) approval to a foreign firm when only Cabinet Committee on Economic Affairs (CCEA) was empowered to do it.

The Enforcement Directorate for the first time filed a reply in the case of P Chidambaram opposing his bail plea. The agency has urged the court to take cognisance of a charge sheet against Karti Chidambaram on July 31.

The premier investigation agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31.

The ED and CBI are probing the father and son for allegedly taking kickbacks in exchange for getting the Aircel-Maxis deal of over Rs 3,500 crore cleared by the Foreign Investment Promotion Board in 2006, when P Chidambaram was the Finance Minister.

Former Finance Minister P Chidambaram appeared before the Enforcement Directorate (ED) for the second time for a fresh round of questioning pertaining to the Aircel-Maxis money laundering case.

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.

The ED questioned P Chidambaram based on the statement given by then FIPB officials on the alleged role played by the former Finance Minister in giving FIPB approvals of over Rs 3,500 crore.

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.

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 CEO Tony Fernandes booked by CBI for violating aviation normsThe CBI has booked AirAsia CEO Tony Fernandes and several others for allegedly violating aviation norms. The crime branch is also carrying out searches at six locations. On Tuesday, the CBI said that they booked these officials over alleged violation of aviation norms, namely the 5/20 rule for getting international flying licenses as well as violation of Foreign Investment Promotion Board (FIPB) rules. The 5/20 r...

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.