Varun Resources is undergoing bankruptcy proceedings since last year under the IBC.
The government on Wednesday released a preliminary information memorandum inviting expressions of interest — the first stage of financial bids — for the airline.
This is a clear challenge to the new buyer. Taking on such a huge debt on the balance sheet would be a concern for shareholders if the buyer is a listed entity.
An exploration of new international routes is essential for Jet which has taken a hit on its Gulf operations for the past two years.
The company operates a fleet of 14 ships that include two VLCCs, one capesize ship, six mini-capesize ships, one panamax bulk carrier, two supramax bulk carriers.
The implementation of GST—India’s biggest tax overhaul since independence that replaces eight indirect taxes with one—has not been without its severe glitches.
The Bengaluru-based companies were part of five startups chosen a year back from the second season of the Airbus Bizlab technology acceleration programme.
Vinay Dube was speaking to reporters on the sidelines of Wings India 2018. He didn’t specify the plane-manufacturer or make of the aircraft.
The Sharjah-headquartered airline flies 112 flights per week to 13 Indian cities at present and have been looking to expand further in one of the world's fastest growing market.
“Does it (UDAN) make economic sense? Is it more economically viable to connect to connect Delhi-Mumbai or Kolhapur to Mumbai?” Rajeev Jain asked.
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