Ananthasubramanian was today dismissed from service by the government, according to an official notification. She was to superannuate today. Read more »

The new plan may include a Rs 30,000 cr loan write-off and a cash infusion of Rs 10,000-11,000 cr. Read more »

Banks which participated in the survey highlighted that IBC has also increased promoters' willingness to come forward for resolution at an early stage of default. Read more »

There are also aircraft fleet swaps which result in last minute change of inventory, the Indian, ICPA said in a letter to Air India chairman today. Read more »

The financial audit of airlines, which has been conducted in the past too, is done to assess their fiscal health and also ensure that they are not compromising on safety due to... Read more »

Currently, there is cost plus tariff structure wherein the rates for an airport are determined every five years, which is known as the concession period. Read more »

In a cash and stock deal PVR will acquire SPI Cinemas, which operates brands like Sathyam Cinemas, Escape, Palazzo, The Cinema and S2, in key markets of Tamil Nadu, Telangana, Andhra Pradesh,... Read more »

Coal India Ltd, the world's biggest miner, has pushed back its ambitious 1 billion tonne production target by at least two years owing to the existing ground realities, a top official of... Read more »

The Indira Gandhi International (IGI) airport here will be the first to have these vehicles with the trial runs to be conducted for Jet Airways and SpiceJet aircrafts. Read more »