Delhi HC keeps order directing CBI, DRI to look into over-invoicing by Adani group ‘in abeyance’

New Delhi: The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence (DRI) to “meticulously and expeditiously” look into allegations of over-invoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order […]

Adani Green Energy secures redemption of $750 million bonds ahead of maturity

New Delhi: Adani Green Energy on Monday announced a plan to ensure redemption of its $750 million bonds eight months ahead of their maturity, in an effort to boost investor confidence in the company’s financial health. The Adani Group company had raised $750 million through issuance of NCDs (non-convertible debentures) which will mature in September […]

No plan to modify standard mid-cabin doors in current or future planes: Akasa Air

New Delhi: Akasa Air has no intention to modify the standard mid-cabin door in its aircraft, according to a senior airline executive amid the recent Alaska Airlines incident where in-flight departure of a mid-cabin door plug had resulted in rapid decompression of a Boeing 737-9 Max aircraft. The airline has 22 Boeing 737 Max planes […]

Vistara to monitor demand for flights amid India-Maldives row

New Delhi: Amid the India-Maldives row, full-service carrier Vistara on Monday said it will monitor the demand for flights between the two countries as the ‘situation is evolving right now’. Vistara operates one flight each daily from Mumbai and Delhi to Male. Airline’s Chief Commercial Officer Deepak Rajawat said it has not cancelled anything as […]