The airline is fighting to survive under a debt burden of Rs 7,500 crore, mainly from PSU banks and a combined debt-dues-losses figure of Rs 14,000 crore ... Read more

Over 10 international airlines operating out of India have filed a case in the Delhi High Court against the steep increase in airport charges ... Read more

The secretary of defence ministry is expected to hold a meeting with senior officials of the Navy in Delhi on August 9 to discuss the contentious issue of allowing the Vizag airport to operate 24 hours ... Read more

While the airline has not paid salary to its staff since the past five months, a sizeable number of employees have not received salaries even for February; Vijay Mallya in Delhi, to sort out the issue ... Read more

The group however said it will not proceed for hotel projects in Rajarhat which was mentioned in the last annual general meeting (AGM) of East India Hotels Ltd ... Read more

Assam has so far received close to one billion dollars as loan from the Asian Development Bank (ADB) ... Read more

Spicejet posted Rs. 56.15 Crore while Jet Airways reported a profit of Rs. 24.7 Crore for June quarter; The bank expected them to turn profitable around March 2014 ... Read more

Ibis Navi Mumbai has been set up at a capital investment of about Rs 150 crore and aims to break even in next two years ... Read more

The proposed 3 per cent luxury tax would be levied on hotel rooms (tariff above Rs 750), banquet halls, spas, health clubs (annual turnover of Rs 5 lakhs). The luxury tax would be in excess of the VAT levied ... Read more

Annual General Meeting of the MTOA was held on Aug 04, 2012. The Guest of Honour was Mr. Manoharan, Director - Tourism Malaysia ... Read more