Wadia Group

Bombay Realty Bets Big on Dadar with Ultra-Luxury THREE ICC Tower

Wadia Group's Bombay Realty unveils THREE ICC in Dadar, offering premium residences with strong connectivity as demand for luxury housing grows in Mumbai

Bombay Burmah stock update: The stock hit a new high at Rs 2,168 on the BSE in Friday's intra-day trades.

Over 94 acres of land will be sold under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002

Cash-strapped Go First filed for bankruptcy in May, blaming 'faulty' Pratt & Whitney engines for the grounding of about half its fleet

A third source involved in the insolvency process said while the law does not prohibit the Wadia Group from joining the process at a later stage, there was no current indication it would do so

The 18-acre real estate property in central Mumbai controlled by Nusli Wadia is being sold to Japanese conglomerate Sumitomo in Mumbai's largest land deal by value

The group wants to hedge its bets in the aviation sector and thus wants to partner with a financial investor while holding a majority stake

At its highest, one-way fare for a Delhi to Leh flight in May stood at a whopping Rs 43,519, which is more than thrice the prices a year ago, Rs 14,334

The company owns 33% stake in GoAir Airlines Ltd, which operates "Go First" airline, while the rest is held by unlisted holding companies of the Wadia group

Bombay Burmah will also make a claim with the resolution professional appointed by the National Company Law Tribunal. If the airline restarts early, the losses of the banks would reduce, say corporate

The Wadia Group company obtained the loan by putting a charge on the account of the London-based parent of Britannia Industries

The Mumbai-based company's consolidated net loss widened to Rs 246 crore ($30.08 million) for the three months ended March 31, from a loss of Rs 41.74 crore a year earlier

Accumulated losses at Go First go beyond net worth of other group firms

On Tuesday, Go First filed for bankruptcy with the National Company Law Tribunal, blaming Pratt & Whitney engines for the grounding of about half its fleet

Wadia Group-owned Go First is open for partnerships but its promoters are not looking to exit from the loss-making aviation business, according to an airline source. The no-frills airline, beset with engine woes, is estimated to have incurred a loss of Rs 1,800 crore in 2022-23, and expects around Rs 600 crore fund infusion in the coming weeks, according to the source closely involved in the management of the carrier. The airline, which was cornering an 8-10 per cent market share for many months, saw it slipping to 6.9 per cent in March as a good chunk of its aircraft fleet remains grounded. We can obviously evaluate a good partnership but it does not mean that we are out to sell ... Indian aviation is getting a lot of traction, and there are some reports that some airlines, some entrepreneurs are looking at (investing in the airline segment), that is why we are happy to look at ( any investment proposal, the source told PTI. "But if somebody asks us whether we are open for ...

In the past few months, Go First's over half aircraft have been grounded due to supply chain disruptions due to Pratt & Whitney (P&W) engines

Funds raised will meet working capital needs of IPO-bound airline

Tribunal stays order restraining company and promoters from capital markets for 2 years

Sebi has charged the violators under the Prevention of Fraudulent and Unfair Trade Practices Regulations for alleged misrepresentation of financial statements