Wadi News

Companies

Inflight-shutdown of PW engine on Airbus 320neo revives safety concerns

GoAir had in September faced an in-flight shutdown of one of its engines forcing pilots to land the aircraft on a single operational engine

1 min read13 Oct 2020
Opinion

Opinion | Wadia vs Tata: jaw-jaw beats law-law

Bombay Dyeing chairman Nusli Wadia in SC withdrew all defamation cases, including ₹3,000 cr suit for damages against Ratan Tata, others

1 min read13 Jan 2020
Companies

Nusli Wadia withdraws criminal defamation suit against Ratan Tata

The criminal defamation case was withdrawn by Nusli Wadia when Ratan Tata gave the statement that he had no intention to defame WadiaThe Supreme Court on 6 January had asked Nusli Wadia, Ratan Tata to resolve their differences in the defamation case as two 'mature people'

1 min read13 Jan 2020
News

Nusli Wadia withdraws all defamation cases against Ratan Tata, others

Bombay Dyeing chairman Nusli Wadia withdrew all defamation cases including the ₹3000 crore suit for damages against Tata group Chairman Ratan Tata and othersThe top court had on January 6 asked Wadia and Tata to sit together and resolve their differences in the defamation case

1 min read13 Jan 2020
Opinion

Opinion | A nudge by the SC

A three-judge Supreme Court bench asks Nusli Wadia and Ratan Tata to find a solution outside the court

1 min read7 Jan 2020
News

Supreme Court asks Nusli Wadia, Ratan Tata to resolve differences in defamation case

On December 15, 2018, a magistrate court in Mumbai had issued notices to Ratan Tata and the others in the criminal defamation case filed by WadiaSenior advocate Abhishek Manu Singhvi, appearing for Ratan Tata said that Wadia has given a statutory notice seeking the response

2 min read6 Jan 2020
Companies

GoAir offers flight tickets from ₹1,320 in flash sale

GoAir's ₹1,320 sale is valid for travel between 14 January 2020 and 31 July 2020Flight tickets can be booked till 8 September for GoAir's latest offer

1 min read5 Sep 2019
Companies

GoAir revives IPO plan, to add least one aircraft to fleet every month

GoAir recently invited investment banks and lawyers to pitch for the mandate for managing the IPOThe budget airline has weighed the idea of public offering several times before, the last being in 2017

2 min read27 Jun 2019
Companies

Shares of Wadia firms stumble over scion Ness’ drug bust in Japan

Though Ness Wadia will not have to serve any jail time for now, the overhang of the episode may linger for a whileThe Wadia Group said the suspended sentence and the judgement would not impact Ness Wadia in discharging any of his responsibilitie

1 min read1 May 2019
News

Ness Wadia sentenced for drug possession in Japan: Report

According to a report in the 'Financial Times', Ness Wadia admitted to the possession of what appeared to be cannabis resin, arguing that the drug was for his personal useThe market valuation of the listed entities of the Wadia group stands at around $13.1 billion

1 min read30 Apr 2019
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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