The company posted a profit of Rs 167.44 crore for the quarter ended September 30, against Rs 130.56 crore inthe corresponding quarter last financial year.

Business associates of Bhupendra Kansagra, who had agreed to sell 7.7 per cent stake in the airline to Kalanithi Maran, had allegedly moved US courts to stall the deal.

The Directorate General of Civil Aviation severely indicts  the low-cost private airline for not conforming to safety standards.

The biggest deals in the past 30 days.

It may not have the glamour of mobile phones or airlines but no-frills housing is beginning to get off the blocks and promises to be a big, big business.

Contractionary policies, if followed by many industrialised countries simultaneously, could provoke a double-dip recession. We have much greater risk of deflation than inflation.

Kalanithi Maran's ambitions have taken wing. The Chairman and Managing Director of Sun TV Network breezed into the aviation business recently, acquiring a 37.75 per cent stake in low-cost carrier SpiceJet for about Rs 750 crore, in his personal capacity.

With a tight rein on costs, low cost airlines IndiGo and SpiceJet show their full service rivals how to make money in the airline business. Is this model sustainable?

Companies with revenues less than Rs 1,000 crore that grew the fastest in 2007.

Here are India's highest paid promoter CEOs

India's highest paid promoter CEOs

Vineet Jain is coming into his own. He’s taking the Old Lady of Boribunder to places she’s never seen before.