AI: Govt mulls Rs 30,000 cr bailout package

AI: Govt mulls Rs 30,000 cr bailout package New Delhi: Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said on Monday night. According to the proposal, the government is considering writing off Rs 4,500 crore cash loss of Air India, infusing an additional equity of Rs 6,750 crore and Rs 17,000-18,000 crore for its fleet acquisition programme....
04:33 AM, Nov 29, 2011

Air India discusses pay cut proposal with employees

Air India discusses pay cut proposal with employees Union leaders said they had not accepted the pay cut proposal. ...
10:47 PM, Jun 25, 2009

AI management meets workers' union over deferred pay

AI management meets workers' union over deferred pay AI has assured workers the airline will not be privatised. ...
06:39 PM, Jun 25, 2009

Govt to help AI but won't give a blank cheque

Govt to help AI but won't give a blank cheque Praful Patel has been asked to make Air India leaner and trimmer. ...
06:28 PM, Jun 24, 2009

Air India summoned in multi-million dollar suit

Air India summoned in multi-million dollar suit The case was filed by a US pilot in India to train AI pilots. ...
03:06 PM, Jun 24, 2009

Global meltdown has hit IT hiring in India: Nilekani

Global meltdown has hit IT hiring in India: Nilekani India must create 270 mn jobs by 2035 to reap benefits of demographic change. ...
01:16 AM, Feb 17, 2009

Stimulus package to bring China's economy back on track

Stimulus package to bring China's economy back on track Package larger as a percentage of the economy than the American financial bailout. ...
02:36 PM, Nov 11, 2008

China announces $570 billion bailout package

China announces $570 billion bailout package Economic growth, exports and various industries in China are slowing. ...
03:02 AM, Nov 10, 2008

Economic slowdown dampens festive spirit

Economic slowdown dampens festive spirit Global financial crisis has dampened the festival season in India. ...
07:41 AM, Oct 28, 2008

US economic crisis: Wall Street first, main stream waits

US economic crisis: Wall Street first, main stream waits The average American is worried about the economic crisis. ...
04:01 PM, Oct 20, 2008

What's the difference between pigeon and banker?

What's the difference between pigeon and banker? A pigeon can still put a deposit on a BMW. Brits are actually laughing at such jokes. ...
01:08 PM, Oct 12, 2008

Meltdown: India story still safe! | World backs IMF

Meltdown: India story still safe! | World backs IMF "We don't see major drag from this impact on the country," says IMF. ...
09:24 AM, Oct 12, 2008

Meltdown: World puts its weight behind IMF

Meltdown: World puts its weight behind IMF IMF's 185 countries also pushed for more coordination with developing countries. ...
09:15 AM, Oct 12, 2008

No overnight solution to financial crisis: Bush

No overnight solution to financial crisis: Bush George Bush for the second time in two days tried and calm the markets. ...
06:20 PM, Oct 11, 2008

Whatever it takes! G7 vows to freeze meltdown

Whatever it takes! G7 vows to freeze meltdown G7 say they would use "all available tools" to stabilise the financial system ...
11:54 AM, Oct 11, 2008