Government to release Rs 1,500 crore to Air India next week, says official

Government would release Rs 1,500 crore to the airline next week, a top official said. Read more »

Aircel wants more time for fresh bids, citing 127 days lost in Supreme Court

This is yet another instance of the NCLT cases failing to meet the law mandated 270 days for resolution failing which the company goes into liquidation. Read more »

Consolidate all 14 group subsidiaries as single financial entity: Videocon to NCLT

The Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings. Read more »

IRCTC introduces on-the-spot food bill generation on trains

An inspection drive will also be launched on all mail and express trains from January 26 to February 15 to ensure the availability and working of POS machines. Read more »

Fresh NPAs down, strengthening internal mechanism: PNB

The bank recently recovered Rs 60 crore from disposing some of Modi's assets in the US, they said. Read more »

Mahindra World City signs Janap’s Yanmar Group as first customer in North Chennai Project

Yanmar Group, an over 100-year-old business group from Japan, will establish a diesel engine manufacturing facility in ORIGINS, North Chennai. Read more »

Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout

An Etihad spokeswoman declined to comment. Alvarez & Marsal and Jet Airways did not immediately respond to an email seeking comment. Read more »

Government awards 235 routes under UDAN, seaplanes to fly on 18 routes

SpiceJet, IndiGo, Jet Airways, Air India subsidiary Airline Allied Services Ltd or Alliance Air, and Turbo Aviation are among the operators that have bagged the routes in the third round. Read more »

Tata Motors to launch new premium hatchback in Q2 FY’20

Tata Motors will launch a new premium hatchback based on the 45X concept in the second quarter of next fiscal, a senior company official said Friday. Read more »

Maruti Alto set for a makeover this year

Launched around 2000, Alto has been the country’s best-selling car for 14 straight years (starting from 2004) before losing the crown to its bigger sibling Dzire last year. Read more »