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Air India stake sale: Tata Sons chief N Chandrasekaran say it's too early to take a call on bid for national airline
Business

Air India stake sale: Tata Sons chief N Chandrasekaran say it's too early to take a call on bid for national airline

The Central government last month issued a preliminary information memorandum (PIM), initiating the process to divest its entire stake in Air India

Formula 1: AirAsia Group's Tony Fernandes denies link between defunct racing team Caterham and Airbus bribery scandal
Sports

Formula 1: AirAsia Group's Tony Fernandes denies link between defunct racing team Caterham and Airbus bribery scandal

Fernandes, one of the aviation industry’s best-known faces, on Monday stepped aside as chief executive of Asia’s biggest budget airline for at least two months, as authorities investigate allegations that Airbus paid a bribe of $50 million through sponsorship of the Caterham F1 team

Air Asia PMLA case: ED issues fresh summons to CEO Tony Fernandes, senior executives for questioning next month
Business

Air Asia PMLA case: ED issues fresh summons to CEO Tony Fernandes, senior executives for questioning next month

The Enforcement Directorate (ED) has issued fresh summons to senior executives of Air Asia airlines, including CEO Tony Fernandes, for questioning next month in connection with a money laundering case, officials said on Friday

ED summons Air Asia senior executives, CEO Tony Fernandes in money laundering, FEMA case
Business

ED summons Air Asia senior executives, CEO Tony Fernandes in money laundering, FEMA case

The allegation pertains to Air Asia officials and others allegedly trying to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited.

AirAsia CEO says that airline went through
Business

AirAsia CEO says that airline went through "some unfortunate incidents"; focus now on expanding presence in metros

AirAsia India had recently gone through some "unfortunate incidents", but was able to put everything behind it, Sunil Bhaskaran, the CEO of the company, said on Tuesday.

Tata Trusts chief R Venkataramanan may move to new position within group post I-T Department's withdrawal of tax relief
Business

Tata Trusts chief R Venkataramanan may move to new position within group post I-T Department's withdrawal of tax relief

The rejig comes following the Income Tax Department's withdrawal of the tax exemption granted to Sir Dorabji Tata Trust

Championship side Queens Park Rangers appoint British-Indian businessman Amit Bhatia as their new chairman
Sports

Championship side Queens Park Rangers appoint British-Indian businessman Amit Bhatia as their new chairman

Queens Park Rangers have appointed British-Indian businessman Amit Bhatia as their new chairman, with co-chairmen Tony Fernandes and Ruben Gnanalingam vacating their positions,

Queens Park Rangers reach $55 million settlement with English Football League over financial fair play
Sports

Queens Park Rangers reach $55 million settlement with English Football League over financial fair play

Queens Park Rangers, a club owned by Tony Fernandes and Lakshmi Mittal, has reached an agreement with the English Football League over FFP violations.

AirAsia case: Tata Trusts reposes faith in R Venkataramanan, says its offices not raided by investigative agencies
Business

AirAsia case: Tata Trusts reposes faith in R Venkataramanan, says its offices not raided by investigative agencies

The trustees of Tata Trusts reposed their faith in R Venkataramanan, who is non-executive director and a nominee of Tata Sons on the Board of AirAsia India

AirAsia case: CBI questions chairman of Travel Foods and Services Sunil Kapur again over bribery allegations
Business

AirAsia case: CBI questions chairman of Travel Foods and Services Sunil Kapur again over bribery allegations

A CBI official said that Sunil Kapur was again called for questioning and asked about whom all he met in the Civil Aviation Ministry

AirAsia case: CBI to order Tony Fernandes to appear for questioning again after he gives agency's summons a slip
Business

AirAsia case: CBI to order Tony Fernandes to appear for questioning again after he gives agency's summons a slip

On Friday a police source said the airline’s chief executive, Tony Fernandes, had been asked to appear before CBI on 6 June

Did Tony Fernandes falsely implicate ex-AirAsia India CEO Mrithyunjay Chandilya for refusing to lobby for the group?
Business

Did Tony Fernandes falsely implicate ex-AirAsia India CEO Mrithyunjay Chandilya for refusing to lobby for the group?

Chandilya was allegedly asked to get the civil aviation ministry to change its 5/20 rule, allowing AirAsia to commence international operations from India.

AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules
Business

AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules

CBI has alleged that bribe was paid to obtain a licence to operate international flights by the joint venture of AirAsia India Ltd (AAIL) with Tata Sons Ltd

ED may file money laundering case against AirAsia's Tony Fernandes and others for allegedly violating FDI norms
Business

ED may file money laundering case against AirAsia's Tony Fernandes and others for allegedly violating FDI norms

The ED has reportedly sought details of the AirAsia case from the Central Bureau of Investigation (CBI).

AirAsia case: Cyrus Mistry says dragging his name in controversy is 'ridiculous attempt' to question CBI's independence
Business

AirAsia case: Cyrus Mistry says dragging his name in controversy is 'ridiculous attempt' to question CBI's independence

Cyrus Mistry said board of Tata Sons and the Tata Trustees should concern themselves over the decline in governance standards at AirAsia India

AirAsia's R Venkataramanan says 'wrongly named' in corruption probe; alleges smear campaign by Cyrus Mistry against Tata Sons
Business

AirAsia's R Venkataramanan says 'wrongly named' in corruption probe; alleges smear campaign by Cyrus Mistry against Tata Sons

Venkataramanan says motivated allegations are part of a smear campaign run to discredit him and the work being done by the Tata Trusts.

AirAsia shares tumble as probe threatens plans for India unit's IPO; CEO Tony Fernandes says reportage is 'inaccurate'
Business

AirAsia shares tumble as probe threatens plans for India unit's IPO; CEO Tony Fernandes says reportage is 'inaccurate'

Air Asia India had 14 planes at end-2017, and has plans to expand its fleet to 60 over the next five years. Under Indian rules, it can launch international flights once it has 20 planes.

CBI files case against AirAsia CEO Tony Fernandes, civil aviation ministry officials and others for alleged corruption
Business

CBI files case against AirAsia CEO Tony Fernandes, civil aviation ministry officials and others for alleged corruption

Central Bureau of Investigation names six people in its FIR, along with three firms and unknown government servants.

CBI books Air Asia CEO Tony Fernandes and others for violation of norms for securing international flying licenses
Business

CBI books Air Asia CEO Tony Fernandes and others for violation of norms for securing international flying licenses

CBI alleges that Air Asia's Tony Fernandes lobbied with government servants for clearances, removal of the 5/20 rule and for a change in regulatory policies.

AirAsia India plans IPO, looks for banker to start process for public issue, says Tony Fernandes
Business

AirAsia India plans IPO, looks for banker to start process for public issue, says Tony Fernandes

Tony Fernandes says AirAsia will seek approval at the next AirAsia India board meeting to pick a banker to start prelim process for IPO.