Karnataka HC orders will pave way for an official liquidator of Vijay Mallya’s defunct carrier Kingfisher Airlines, to take charge of assets and books.
Logistics companies have faced an up to 20% decline in volumes from their e-commerce business in the past one week, as cash-on-delivery payments were almost eroded by e-tailers following the government’s demonetisation move.
About 10 million commercial vehicles ply on India’s roads. Industry figures show that of this, about 3 million are trucks ferrying between cities and towns.
The airline had on October 31 said that there was an ongoing investigation against “certain former personnel” of AirAsia India.
Revenue rose just 3% to Rs 5,420.35 crore but total expenditure rose 6% to Rs 5,360 crore. Operating profit plummeted by slightly less than a third to Rs 60.36 crore.
Funds from the levy will contribute to a corpus which will cross-subsidize small regional carriers flying between small towns for fares capped at Rs 2,500.
The mad frenzy among people to get rid of their 'unaccounted' notes of Rs 500 and Rs 1,000 has seen airlines witness a mad rush at airport counters.
Large crowds thronged ticket counters at Mumbai’s busiest railway stations Churchgate, Chhatrapati Shivaji Terminus and Andheri.
InterGlobe's other income from finance from mutual funds increased 63% to Rs 160.8 crore propping up its net profit.
Sivanandhan, who was appointed on Sunday, said his purview would be ongoing and future investigations. He has not been apprised of any specific case yet.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon