Rakesh Jhunjhunwala's Airline Akasa Air

Photo: Aviation A2Z

Rakesh Jhunjhunwala's Airline Akasa Air Receives NOC From Ministry Of Civil Aviation

According to a corporate statement released on October 11, the Ministry of Civil Aviation has issued a No-Objection Certificate (NOC) for the establishment of Rakesh Jhunjhunwala's new airline "Akasa Air". By the summer of 2022, the new airline hopes to be operational. Rakesh Jhunjhunwala and Vinay Dube, the former CEO of Jet Airways, have financed Akasa Air. In the next four years, the airline intends to operate over 70 planes.

Tue, 12 Oct 2021 - 01:10 PM / by Vidhi Jhunjhunwala

You May Like

Indian Rupee- US Dollar

Indian Rupee Hit All Time Low, Settles At 82.29 Against USD

The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8.  The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more

TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade

Power Grid

Power Grid Holds Meeting And Approves Investment For Projects

Power Grid Corporation of India Limited informed about approved investment for several projects. The decision was taken by the board of Directors of the company in their meeting held on March 6. The Power Grid approved investment for Eastern… read-more

TAGS: Projects, Power Grid, Indian government, business, Growth

Electric Vehicle

EVs Production In India Will Make It Dependent On China

The production of electric vehicles (EVs) in India will increase its reliance on China for raw materials, mineral processing, and battery production. The Global Trade Research Initiative (GTRI) stated that a life cycle impact analysis is required… read-more

TAGS: EVs, China, Market, Indian Automobiles, Production

Ritesh Agarwal Seeks Blessing Of SoftBank Founder

Ritesh Agarwal Seeks Blessing Of SoftBank Founder Son

OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi… read-more

TAGS: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception

Tata Motors

Tata Motors Technologies Unit Files For IPO

Tata Technologies, a unit of Indian carmaker Tata Motors filed for an initial public offering (IPO),  confirmed Tata Motors said in an exchange filing. On March 9, the automobile company said they will not offer any of the 95.7 million shares,… read-more

TAGS: TATA Motors, Tata Technologies, IPO, Shares, INDIAN MARKET

Joe Biden

US President Joe Biden Announces Budget 2023-2024

US President Joe Biden presented the budget for the fiscal year 2024 and unveiled the government's plans to cut $3 trillion from the fiscal deficit over the next decade. On March 10, the Biden Government also increased taxes for the rich, to… read-more

TAGS: US President, Joe BIden, US Budget 2024, Taxes Hike