The additional tax burden may push airlines, most of which have turned profitable, into losses again, coming as it does at a time when global fuel prices are flaring up.
Post this listing, Yatra becomes the third Indian internet company to be listed on NASDAQ, and only the fourth Indian company overall, to do so.
Manufacturing will be outsourced. From now till 2020, the Wadia group owned company plans to invest more than Rs 100 crore in the brand, double its multibrand outlets to 10,000, more than double its franchise stores to 500 and introduce three to four new products every year, Rajanna said.
A case against the airline has been registered on violation of the Foreign Exchange Management Act (FEMA), 1999. On December 7, AirAsia said it hadn’t received any such communication from the ED.
Flights to Chennai have also been landed at neighbouring south Indian airports. Six flights were diverted to Hyderabad before Monday evening, said a source.
The new rules proposed by the regulator will enable operators to import foreign-registered aircraft and operate them on foreign registration with Indian crew.
The helicopter, a Robinson R44 Astro was operated a chopper tour agency called Aman Aviation, sources said.
TM Harbour provides tug services at Dhamra Port, Odisha which is owned by APSEZ. It owns three tugs.
The investigation follows a recent complaint by BJP leader Subramanian Swamy to the Directorate in which he accused "money laundering" at the airline.
According to India Tourism Statistics, India received more than 9 lakh tourists in December last year, the highest during the year.
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