Vijay Mallya déjà vuIn many ways, the similarities between the Ramdev International case and the infamous Vijay Mallya case are stark. By the time SBI and other banks moved Supreme Court in 2016, Mallya had left the country (on March 2) to the UK after defaulting Rs 9,000 crore disbursed by 17 banks, including SBI, to his defunct Kingfisher Airline.Banks had clearly acted late in the case. The Kingfisher Airlines account had tuned NPA in 2012. Even after four years, banks are still struggling to get Mallya back though he has offered to pay. … [Read more...] about Ramdev International fraud: Why did SBI, other lenders wait for 4 long years to move CBI?
Air India unions threaten may not extend support to 'normal operations' and FDTL norms Coronavirus wrap May 23: COVID-19 vaccine development at an early stage in India Media one of the most adversely affected sectors due to COVID-19: PHDCCI Report … [Read more...] about Maharashtra government says flight operations not to resume until May 31: Report
"IndiGo with its unrestricted cash balance of Rs 9,410 crore as of December 2019 is in a relatively comfortable position. We have a 'buy' rating on IndiGo with a target price of Rs 1,340 and 'reduce' rating on SpiceJet with a target price of Rs 33," Centrum said. … [Read more...] about Resumption of flight services a positive, but the sky looks hazy for airline stocks
"Maharashtra govt has agreed to allow 25 takeoffs and 25 landings every day for domestic flights from Mumbai. This number will be increased gradually. State govt will issue details and guidelines in this regard soon," Maharashtra Minister Nawab Malik said, according to news agency ANI. … [Read more...] about Maharashtra allows 25 takeoffs, as many landings daily of domestic flights from Mumbai
>> Only one hand baggage and one check-in baggage is permitted>> Social distancing and usage of face masks will be mandatory right from arrival at the airport to exiting at the destination airport.>> Registering on the Aarogya Sethu app is compulsory. Children below 14 years of age are exempt from this condition. … [Read more...] about Domestic flights resume from May 25: Planning to take a flight? Read these important government guidelines