London: AirAsia India moved a step closer to securing permission to launch operations in the country, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application had been resolved.
"All matters on AirAsia India have been resolved. The proposal has been sent to the Union Home Ministry for security clearance," Singh told visiting Indian journalists here. "Once the Home Ministry nod comes, Civil Aviation Ministry will give its clearance," the Minister said in response to questions.
AirAsia had in late February announced a 49:30:21 joint venture with Tata Sons and Arun Bhatia of Telestra Tradeplace to launch the airline in the country, headquartered in Chennai. The government had in early April cleared AirAsia's proposal to invest Rs 80.98 crore in AirAsia India, marking the clearance of the project's first step before seeking a licence to fly.
Following this, the company on April 23 submitted an application to the Civil Aviation Ministry for a No Objection Certificate (NOC) to launch flight operations in the country. ...
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09:23 PM, Jun 10, 2013
Mumbai: Low cost carrier AirAsia on Sunday said that the AirAsia India board has approved and appointed a Chief Executive Officer for the Indian subsidiary. Earlier, an airlines spokesperson had said that the airline had not yet appointed a CEO for AirAsia India. "The board of Airasia India has approved and appointed a Ceo for Airasia India. He will be a revelation. Thrilled to have him on board," AirAsia Group...
11:35 PM, Apr 21, 2013
AirAsia Bhd's planned joint venture in India with Tata Sons could face some procedural problems, Aviation Minister Ajit Singh said on Wednesday, without elaborating. However, Singh said he does not see any other major hurdles for the venture in India. ...
12:30 PM, Mar 06, 2013
Malaysian budget carrier AirAsia on Wednesday sought the government's approval to launch an airline with the Tata Group. AirAsia will hold a 49 per cent stake in the joint venture with the third partner being Telestra Tradeplace. ...
04:13 PM, Feb 20, 2013
Seturaman says that TCS chose to be more transparent and keep the investor updated rather than guiding it. ...
04:54 PM, Feb 13, 2013
Ratan Tata, who retired on December 28, 2012 speaks about the legacy of his family and the huge business empire. ...
11:45 PM, Dec 28, 2012
Twenty one years after he took over the reins of Tata Sons, Ratan Tata retired on Friday, his 75th birthday. ...
03:16 PM, Dec 28, 2012
New Delhi: Tata Sons, the promoter of major operating companies of the salt-to-software conglomerate, on Tuesday announced appointment of Cyrus P Mistry as its Chairman with effect from December 28 following retirement of Ratan N Tata. "The Board of Directors of Tata Sons today announced the appointment of Cyrus P Mistry as the Chairman of the Board after Ratan N Tata retires on December 28, 2012," Tata Sons said in...
02:15 PM, Dec 18, 2012
Mumbai: Be your own man, Ratan Tata has advised Cyrus Mistry, who will succeed him at the helm of the $100 billion Tata group two weeks from now. "I don't think it is right to have a ghost to shadow over somebody," said Tata, dismissing any notion that his larger-than-life persona would linger even after he retires on December 28 when he turns 75. The Tata patriarch has told Mistry,...
12:48 PM, Dec 14, 2012
New Delhi: Tata Sons on Saturday issued a clarification denying that group Chairman Ratan Tata had used words such as 'venal' business environment or accused the government of 'inaction' in media interviews. "Tata Sons clarifies that in Ratan N Tata's interview with (a leading British financial) daily, he spoke about coherence in implementation of government policy rather than "lashes into the PM", "rapping India", "warning government of inaction" or "venal...
06:15 PM, Dec 08, 2012
Mumbai: Tata group chief Ratan Tata on Tuesday stepped down as Chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company. In two separate filings to the BSE, the two firms said the respective meetings of the Board of Directors decided the changes as per Tata's retirement plans in December 2012. "Effective November 20,...
06:34 PM, Nov 20, 2012
Mumbai: Starbucks inaugurated its first store in India on Friday in a historic building in southern Mumbai as the Seattle-based coffee giant seeks growth in a market long associated with tea drinkers. "It is perhaps the most elegant, beautiful, dynamic store we've opened in our history," chief executive Howard Schultz said in an interview. After over six years of studying the local market, Starbucks is making a rapid-fire entry into...
05:55 PM, Oct 19, 2012
New Delhi: Ratan Tata will be attending his last Annual General Meeting (AGM) as Chairman of the Tata group on Friday. He will preside over the Tata Tea AGM in Kolkata. Tata is set to retire as chairman in December 2012 and 44-year old Cyrus Pallonji Mistry, who is the current Deputy Chairman, will take over from him. Tata will step down as Chairman of Tata Sons and other group...
08:13 AM, Aug 31, 2012
One does not attain freedom from the bondage of Karma by merely abstaining from work. No one attains perfection merely by giving up work Because no one can remain actionless even for a moment. Everyone is driven to action, helplessly indeed, by the Gunas of nature The deluded ones, who restrain their organs of action but mentally dwell upon the sense of enjoyment, are called hypocrites The one who controls...
01:04 PM, Aug 21, 2012
New York: Tata Sons Chairman Ratan Tata has been awarded a Lifetime Achievement Award by the prestigious Rockefeller Foundation here for innovation in philanthropy. The Foundation, celebrating 100 years of global innovation, honoured individuals and institutions with its second annual Innovation Awards here yesterday. Speaking on the occasion, Tata said businesses should be sensitive to the fact that they are making a difference in places where they operate and they...
12:52 PM, Jun 27, 2012
The passing of a crown is always a delicate affair. In 1991, when JRD Tata handed his to Ratan Naval Tata, his courtiers had rebelled. It took time for RNT to subdue the satraps and prove JRDs decision on his successor was perhaps his finest. But then JRD was always renowned for his ability to pick men. The circumstances around anointing RNTs successor exactly two decades later were rather different....
10:47 AM, Dec 13, 2011
Just minutes before the world heard the news of the new chairman-in-waiting, Ratan Tata had individually called each of his leading CEOs in Bombay House on the phone to inform them about the board's decision. Many were stunned. Cyrus Mistry's long-standing assistant Vasu at SP Centre, the group's HQ in South Mumbai, too had fielded calls from senior colleagues across the SP Group asking if the news was true. Vasu...
03:01 PM, Dec 02, 2011
New Delhi: Cyrus Mistry, the next chief of the sprawling Tata empire, will have the responsibility of setting the pace and ensuring overall business continuity amid global economic headwinds, feel experts. At the same time, they feel that the one-year period under the guidance of iconic Ratan Tata would provide 43-year-old Mistry with an opportunity to closely understand the intricacies of running a salt-to-software conglomerate of this size and stature....
12:15 PM, Nov 27, 2011
Mumbai: The next chairman of India's venerable salt-to-software conglomerate Tata Group will be an insider and a family member by marriage. India's biggest corporate house had mounted a global search that lasted more than a year for a successor to Chairman Ratan Tata, but ended up tapping Cyrus Mistry, whose father is the biggest shareholder in the Tata Sons holding company. Mistry, 43, was named deputy chairman of Tata Sons...
12:02 PM, Nov 24, 2011
Mumbai: A number of Tata stocks opened on a strong note on Thursday, a day after Cyrus Mistry was named as successor to Ratan Tata as the group head, but could not sustain the gains in a weak market. However, a few like Tata Power, Tata Coffee and Trent were holding onto gains in early morning trade. The most valued Tata company, IT giant TCS saw its share price rising...
10:20 AM, Nov 24, 2011
