NEW DELHI AirAsia Bhd's (AIRA.KL) Indian joint venture will start flying from June 12, Tony Fernandes, group chief executive of the Malaysian carrier, said on Thursday.
AirAsia India will open ticket sales from Friday, Fernandes said in a Twitter message.
AirAsia India, which will operate a low-cost airline, won a flying permit from the Indian regulator this month. India's Tata Group and investment firm Telestra Tradeplace are AirAsia's partners in the venture.
(Reporting by Aradhana Aravindan; Editing by Tommy Wilkes)
BP unit selling up to $261 million stake in Castrol India - termsheet
MUMBAI Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters.
Welspun India shares plummet again on contagion fears in cotton sheet dispute
MUMBAI Welspun India's shares plunged 20 percent for a second day on Tuesday, as the fallout from Target Corp's decision to terminate business with the firm for passing off cheap sheets as premium Egyptian cotton escalated.
Illicit gold: India's smugglers shut out refiners, banks
MUMBAI Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.