"Handshake across the Himalayas"
India, China to study new ways to ease border tensions
India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas. Full Article | Slideshow
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Kingfisher to start paying Jan salaries - letter
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A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012.
Credit: Reuters/Vivek Prakash/Files
NEW DELHI |
NEW DELHI (Reuters) - Kingfisher Airlines (KING.NS) will start paying January salaries starting from Wednesday, Chairman Vijay Mallya wrote in a letter to employees, as the debt-laden carrier struggles to retain staff.
"It is my personal endeavour to not only clear the January salary but also clear a significant part of the February salary by the end of this month itself," Mallya wrote in the letter seen by Reuters.
The airlines also expects to re-enter a distribution network with the International Air Transport Association "very shortly," Mallya said.
(Reporting by Anurag Kotoky; Editing by Aradhana Aravindan)
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