Saransh Sharma, a San Jose, California-based investor leading the rescue plan, told Reuters in an interview he doesn't think Sahara will be able to pay off the more than $1.5 billion it plans to borrow.
For passengers, the new plane offers wider panoramic windows and larger overhead storage space plus the ability to limit connections.
Last November OPEC decided to keep production levels steady. That decision came despite calls from some from within the 12-member bloc to curb output in an effort to boost prices.
The US Supreme Court has denied an appeal by India-born former Goldman Sachs Director Rajat Gupta, who had challenged a ruling by a lower court permanently banning him from from serving as an officer or director of a public company.
The additional workforce, intended for its Solihull plant in the West Midlands region of England, coincides with Jaguar's entry into the sports utility vehicle (SUV) sector
Australian flag carrier Qantas has been named the world's safest airline in a report published by AirlineRatings.com.
The selloff in oil began six months ago on concerns of oversupply in high quality U.S. shale crude.
Hundreds of Etihad travelers landed in San Francisco, irritated after a 28-hour overseas flight they say included 12 hours on a tarmac in the Middle East without food or accurate flight information.
General Motors has announced a recall of more than 92,000 additional vehicles over ignition switch problems that have been blamed for 42 deaths.
China's Xiaomi Inc, one of the world's fastest-growing smartphone makers, has raised $1.1 billion in a round of funding.
Tony Fernandes, the man who is responsible for reviving Malaysian carrier AirAsia, faced his first major crisis after an AirAsia plane went missing on Saturday with 162 people on board.
Taiwan's transport ministry said Uber Technologies Inc is operating a taxi-hailing service "in violation of the law", and that it is investigating the possibility of blocking access to the US company's website and mobile app.<br />
Shareholders of French firm Alstom have approved the sale of the company's energy businesses to General Electric.
Oil prices will remain low in the future which will help boost the global economy next year between 0.3 and 0.7 percent more than the 3.8 percent planned, two economists from the International Monetary Fund (IMF) have said in a report.
Sony Pictures has suffered an estimated loss of $200 million on account of the recent cyber attack over the film "The Interview", according to various analysts.
Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term.
Sony Pictures has suffered an estimated loss of $200 million on account of the recent cyber attack over the film "The Interview", according to various analysts.
Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive and keep debt in check.
The Ministry of External Affairs website lists all gifts received by Indian dignitaries from July 2013 to March 2014. Though most items are quite run-of-the-mill (plauqes, carpets, bowls, tea sets) some items do stand out. Especially those gifted to Congress president Sonia Gandhi.<br />
The biggest is between Kunlun Chuangyuan Investment Co (Zhejiang) and Kiri Infrastructure (India) for the project 'India International Trade Center in Gujarat' worth USD 1,500 million."
Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling.<br />
Dismayed at the increasing air pollution in the national capital, the National Green Tribunal or NGT on Wednesday held that all vehicles which were more than 15 years old would not be permitted to ply on the city roads.<br />
The fact that Goa offers so much for tourists makes it an easy choice when it comes to planning a holiday, Goa Tourism<br /> Director Ameya Abhyankar said.