Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Wadia who manages various businesses from biscuits-to-textiles-to-airlines, sued his childhood friend, <keyword id="6360722" type="UNKNOWN" weightage="20" keywordseo="ratan-tata">Ratan Tata</keyword> after Tata group removed him as the independent director of <keyword id="42747" type="DOMAIN" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> for supporting Mistry. </li><li>Wadia, who was once called as the epitome of South Bombay’s old money and genteel respectability, has been a part of many corporate brawls during 1970s and 1980s. </li><li>One of the many first corporate fights was with his father, <keyword id="71087" type="PERSON" weightage="20" keywordseo="Neville-Wadia">Neville Wadia</keyword>, who was the chairman of <keyword id="55359" type="COMPANY" weightage="20" keywordseo="Wadia-Group">Wadia Group</keyword>. </li><li>Then the next battle was against the Ambanis. </li></ul>The infamous exit of Cyrus Mistry as the chairman of the $103 billion Tata group had unfolded a lot of drama in Tata boardrooms. One of its many offshoots was that it angered billionaire <keyword id="6500654" type="PERSON" weightage="20" keywordseo="nusli-wadia">Nusli Wadia</keyword> who was caught in the crossfire which culminated into a court case. Wadia who manages various businesses from biscuits-to-textiles-to-airlines, <a href="https://www.business-standard.com/article/companies/ratan-tata-steps-down-as-bombay-dyeing-s-director-113020800565_1.html">sued his childhood friend, Ratan Tata</a>. While the Mistry-Tata war was at its zenith, <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/independent-directors-of-tata-chemicals-support-cyrus-mistry-management/articleshow/55355584.cms">Wadia threw his weight behind Mistry</a>. As a result, the Tata group removed him as the independent director of Tata Motors. Wadia filed a defamation case against Ratan Tata and his Tata group. He claims that <a href="https://qz.com/india/835001/corporate-gladiator-and-jinnahs-grandson-nusli-wadia-has-entered-the-tata-battle-and-hes-going-after-his-childhood-friend/">he “never entered any dispute unless he felt wrong”.</a> And, for three years the case went on during which time his net worth doubled from $3.5 billion to $7billion in 2019, according to Forbes. Here’s how things unfolded for Nusli Wadia , who stood against Ratan Tata: 
	<div type="Slideshow" msid="73264318" hostid="261" title="Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the take" firstImageMsid="73264426" slideCount="3"></div>

Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale

<keyword id="6500654" type="PERSON" weightage="100" keywordseo="Nusli-Wadia">Nusli Wadia</keyword>, longtime associate of Rata Tata and independent director on the boards Tata group companies like Tata Chemicals, Tata Motors and Tata Steel, has filed a Rs 3,000-crore defamation suit against <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword> and <keyword id="46894" type="PERSON" weightage="100" keywordseo="Tata-Sons">Tata Sons</keyword>. 
 
Officials close to the development said the chairman of Wadia Group has sought compensation from Tata Sons for the various accusations it levelled against him in public statements to shareholders. He says no valid reason was given for the allegations and the extraordinary general meetings (EGM) called by the group for his ouster. 
 Wadia had in November threatened civil and criminal defamation suit against Tata Sons, when the company alleged that Wadia was acting in concert with <keyword id="6356895" type="PERSON" weightage="100" keywordseo="Cyrus-Mistry">Cyrus Mistry</keyword> and against the interests of the principal shareholders by galvanising independent directors.

Now, Nusli Wadia files defamation case against Tata Sons, seeks Rs 3000 crore in damages

<ul><li><keyword id="498521" type="DOMAIN" weightage="20" keywordseo="Eveready">Eveready</keyword> is the top battery <keyword id="6359405" type="UNKNOWN" weightage="20" keywordseo="brand">brand</keyword>, available in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> since 1905 </li><li>Promoters reportedly plan to sell their 45% stake in the company </li><li>The century-old brand is expected to find interest from both Indian and foreign suitors</li></ul> Eveready, which has been synonymous with dry cell batteries in India for decades, is up for <keyword id="6371194" type="UNKNOWN" weightage="20" keywordseo="sale">sale</keyword> according to a <a href="https://timesofindia.indiatimes.com/business/india-business/b-m-khaitan-rolls-out-sale-plan-for-flagship-eveready/articleshow/67478732.cms" data-type="tilCustomLink" target="_blank">report</a> from Times of India. The company's founding family, the Khaitans, are looking to sell a big chunk of their 45% stake in the company, the report said. Eveready has been selling products in India since <a href="http://www.evereadyindia.com/about-us/legacy.aspx" data-type="tilCustomLink" target="_blank">1905</a>. It was incorporated as a company in 1934 and continued as a subsidiary of the US-based <keyword id="6387806" type="COMPANY" weightage="20" keywordseo="union-carbide">Union Carbide</keyword> Corporation for decades. It was 1993 when BM Khaitan and Williamson Magor came together to take control of the company after a bitter battle for control with the Nusli Wadia, who owned <keyword id="6383267" type="COMPANY" weightage="20" keywordseo="bombay-dyeing">Bombay Dyeing</keyword>. The Kolkata-based Khaitans' business empire includes <keyword id="88194" type="COMPANY" weightage="20" keywordseo="McLeod-Russel">McLeod Russel</keyword>, Kilburn Engineering, and McNally Bharat, other than Eveready. McLeod Russel is the world's biggest bulk tea producer. Eveready, which the Khaitans bought for Rs 300 crore in 1993, had a revenue of ₹ $200 <keyword id="53215" type="ORGANIZATION" weightage="20" keywordseo="million">million</keyword> in financial year ended March 2018. Dry cell batteries alone make for ₹950 crores of the turnover. The sellers are likely to seek a price that would value Eveready at about $500 million. Investors in India cheered the promoters' proposal to exit and the <keyword id="6368159" type="UNKNOWN" weightage="20" keywordseo="stock">stock</keyword> surged as much as 18% after the report before cooling off. However, the company is burdened with piling up debt. Shrinking profit margin has not helped the promoter's cause. A factor that has halved the stock price by half over the last year, and is likely to weigh on the bids from potential suitors. See also: <a href="https://www.businessinsider.in/while-fighting-his-father-an-indian-billionaire-will-quit-his-nearly-100-year-old-conglomerate/articleshow/67467823.cms">While fighting his father, an Indian billionaire will quit his nearly 100-year old conglomerate</a> <a href="https://www.businessinsider.in/ces-2019-munjal-grandson-from-the-hero-family-is-selling-ai-devices/articleshow/67469653.cms">The grandson of India’s most famous ‘bicycle maker’ is selling AI at CES 2019</a>

A 100-year old successful Indian brand is up for sale at about $500 million: Report

Facing tough competition from the unorganised sector, one of the oldest textile businesses in India, Bombay Dyeing &amp; Manufacturing Company Ltd would sell its textile manufacturing unit at Ranjangaon in Pune for Rs 230 crore. 
 The company is closing the last of its manufacturing units also due to increasing imports from Taiwan, China and <keyword id="6354759" type="COUNTRY" weightage="60" keywordseo="Bangladesh">Bangladesh</keyword>, according to an Economic Times report. The Wadia group flagship's textile processing unit at Ranjangaon is being sold on a "slump-sale basis", or without assigning specific values to individual assets and liabilities, to a firm called <keyword id="2888373" type="UNKNOWN" weightage="80" keywordseo="Oasis-Procon-Pvt-Ltd-">Oasis Procon Pvt Ltd.</keyword> 
	 

	The Ranjangaon facility was built after the Nusli Wadia-led company decided in 2005 to undertake a strategic business restructuring and shut down manufacturing activities in two prime locations in Mumbai. 
	 

	Moreover, the Ranjangaon unit was built to cater to exports and institutional sales. However, this did not work as per plan. The company earlier admitted that the unit is no longer viable. 
	 

	The sale of the unit may not have any impact on the company's existing retail business and its brand — Home &amp; You — Bombay Dyeing. But it may have some sentimental impact on those associated with the firm. The company was established by Nowrosjee Wadia in 1879. "It is a pragmatic call. It is not core to their business," said <keyword id="359392" type="PERSON" weightage="80" keywordseo="Arvind-Singhal">Arvind Singhal</keyword>, chairman at consulting firm Technopak, who closely tracks the textile industry. "Bombay Dyeing has struggled with the textile business for almost two decades," he said. "The focus has clearly shifted to monetising real estate ... The value of the land on which its factories stood once is much more valuable than its textile business." For the Wadia group, biscuit maker <keyword id="6359432" type="PERSON" weightage="80" keywordseo="Britannia">Britannia</keyword> is now the crown jewel, along with the real estate business of Bombay Dyeing and budget airline <keyword id="6356167" type="COMPANY" weightage="80" keywordseo="GoAir">GoAir</keyword>. The airline venture is profitable and would require funds for expansion. 
	 

	Bombay Dyeing is shutting down the textile processing plant at a time when home textile manufacturers in India have developed an edge over their Chinese and Pakistani peers. In 2014, Mukesh Ambani's <keyword id="6355199" type="CITY" weightage="80" keywordseo="Reliance-Industries">Reliance Industries</keyword> decided to sell its textile brand Vimal to a joint venture, with its Chinese partner <keyword id="288269" type="COMPANY" weightage="80" keywordseo="Shandong-Ruyi">Shandong Ruyi</keyword> Science &amp; Technology Group holding a 49% stake. 
	 

	(Image: Reuters)

One of India’s oldest textile companies’ is selling off its last factory. Know why

<ul><li>This would be the third listed airline in India after Interglobe Aviation (which operates IndiGo Airlines) and <keyword id="6358032" type="COMPANY" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword>.</li><li>More than a tenth of Go Air's ₹2,000-crore debt are unpaid dues to Indian Oil Corporation for jet fuel.</li><li>The second wave of the COVID-19 pandemic has scuttled an early recovery in aviation and a rise in fuel cost, along with a weaker rupee and tepid passenger traffic, may further erode the airline's prospects in the next few months.</li><li>Read on for some interesting revelations from the company's IPO prospectus.</li></ul>Budget carrier Go Airlines, which has rebranded itself as 'Go First', has filed the prospectus for an initial public offering (IPO) worth ₹3,600 crore. The 15-year old airline owned by the Wadia Group, which also owns companies like Britannia and Bombay Dyeing, will use the money received from the share sale to repay its debt. This would be the third listed airline in India after Interglobe Aviation (which operates IndiGo) and SpiceJet (owned by former bureaucrat-turned-businessman Ajay Singh) if the IPO goes through. Go Air had raked in a loss of ₹1,270 crore for the year ended March 2020 on a revenue of over ₹7,250 crore. <div type="image" title="go air earnings" msid="82627649" hostid="261" caption="&amp;lt;p&amp;gt;Graphics by Business Insider India&amp;lt;/p&amp;gt;"></div> It is now focusing on ultra low cost carrier model. Of a fleet of 55 that the Wadias' airline had at the end of March 2021, 46 of them were A320 NEO aircraft. The company intends to add another 16 planes to its fleet by March 2024. Aside from a massive debt of over ₹2,000 crore, Go First has been dealing declining market share too. More than a tenth of that is the money owed to the state-owned Indian Oil Corporation for jet fuel already bought. Just about six months ago, in November 2020, the company's auditors had expressed doubts about the then Go Air's ability to continue its business, the disclosures in the IPO prospectus showed. After that, the company got an emergency credit line from banks in February 2021. These are a few other interesting revelations from the prospectus: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paid by Go Air (now called Go First) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,81,000 a month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rent paid to Bombay Dyeing for using the premises on the first floor of Wadia International Centre in Worli from July 2016 to July 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8,88,000 a month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rent paid to Bombay Dyeing for the space on the third floor for Wadia International Centre. The lease started in Dec 2019 and will go on till Nov 2024 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Undisclosed amount </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Go Airlines' registered office is owned by Britannia (which is also owned by Nusli Wadia and Ness Wadia) </td></tr></tbody></table>Source: Draft Red Herring Prospectus filed with the Securities and Exchange Board of India In 2019, when it was reportedly planning an IPO, it was flying at least one in every ten air passengers in India. That share was down to 7.8% at the end of March 2020. A crisis like this makes the more resilient players stronger and that's possibly why IndiGo has increased its market share to at least one in every two passengers who took flights in each of the last three months. <div type="image" title="airline market share." msid="82626874" hostid="261" caption="&amp;lt;p&amp;gt;Graphics by Business Insider India&amp;lt;/p&amp;gt;"></div> The second wave of COVID-19 pandemic has scuttled an early recovery even for Go First's bigger peers. Passenger traffic was still less than half (45%) of what it was before the pandemic struck and about one in every flights were idling in April 2021, according to a report from the broking firm Centrum dated May 5. International crude oil prices are expected to rise and that would mean the cost of jet fuel will also rise, unlike the passenger traffic. And, the impact could get worse if the rupee loses value against the dollar. "Looking at the current climate of subdued demand, a depreciating rupee (impacting 65-70% of costs including fuel), rising ATF (aviation turbine fuel) prices and daily cash burn, we continue to have a negative stance on the aviation industry," a BOBCAPS report dated April 30 said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/markets/news/heres-why-the-spike-in-inflation-in-the-us-may-worry-markets-in-india/articleshow/82597218.cms">Here's why the spike in inflation in the US may worry markets in India ⁠— but experts say don’t panic yet</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/whatsapp-responds-to-privacy-criticism-by-alleging-other-apps-like-zomato-ola-aarogya-setu-zoom-google-and-other-apps/articleshow/82570897.cms">WhatsApp responds to privacy criticism by alleging that other apps and tech companies also show disdain for user privacy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-realised-that-he-cant-champion-both-renewable-energy-and-bitcoin-at-the-same-time/articleshow/82603087.cms">Elon Musk realised that he can’t champion both renewable energy and Bitcoin at the same time — here’s why</a>

Go Air has filed for a ₹3,600 crore IPO at a very desperate time

Mumbai, May 4 () Budget carrier GoAir is seeking financial support from the government amid the coronavirus pandemic and has paid salaries to some of its employees on deferred basis, according to a communication. In the communication to the company's employees on Sunday, Wadia Group Chairman Nusli Wadia and GoAir Managing Director Jeh Wadia also said the carrier remains focussed to restart operations and resume flights as soon as the lockdown is lifted with a full recovery of its network anticipated within a few months."The world over, airlines are getting substantial financial support from governments to tide over this unprecedented crisis (coronavirus pandemic), primarily to enable them to meet employee requirements, and also to sustain and restart operations and maintain the viability and structure of their balance sheets," GoAir said in the communication. These airlines have also been given substantial support from banking systems with the help provided by federal banks, it added."We continue to vigorously pursue similar options with our government so that we can, most importantly, improve the position of our employees and also the sustainability of our airline," it said. GoAir said the airline has been requesting the Indian banking system for financial support but they have not yet reached a conclusion on how they should financially support the airlines despite various advisories from the RBI, it said.The airline had very little revenue in the first 17 to 24 days of March and zero revenue thereafter, GoAir said adding that it also has to meet all its expenses and liabilities toward its stakeholders such as lessors, suppliers of fuel and engineering, airports and other major expenses. The nationwide lockdown to curb the COVID-19 pandemic was imposed with effect from March 25 and commercial flight operations have remained suspended since then. "Despite the lack of government support, GoAir released full salaries to about 2,500 less fortunate employees, equivalent to 40 per cent our workforce, with the remaining employees getting paid on a graded and deferred basis," the company said.With no inflow of cash, which the company anticipates will continue through the end of May, and with no support forthcoming from either the government or the banking system, "we were left with no alternative but to make the unfortunate and sad decision to pay the March earned salaries over March and April," the airline added.GoAir said it has closed the sale of all tickets on flights operating through May 31 upon instructions from the government, adding," we do not expect to resume commercial flying prior to June 1, but we are in continuous touch with the Civil Aviation Ministry and are monitoring the situation closely."The airline also said it has been in continuous touch over the past several weeks with the aviation ministry and the government for financial assistance and structural changes, both fiscal and non-fiscal, but so far no concrete measures have been forthcoming."However, our discussion with lessors, partners and suppliers is progressing with most industry related playersbeing understanding and willing to work with us to try to find suitable solutions," it added."With the exception of 2,500 employees, who are the least fortunate amongst us in the GoAir family, we were also forced to place a substantial portion of our employees on temporary leave without pay. The limitations on our resources are not of our own making and the sacrifices we are imposing on you are sadly beyond our control," the airline said.GoAir CEO has taken a 50 per cent pay cut and voluntarily deferred most of his balance compensation, and the senior management too have taken substantial pay cuts and have also deferred a portion of their compensation. It also said in preparation to resume operations the airline has reviewed and is executing all the requirements related to health and safety in the context of the pandemic. IAS ANUANU

GoAir pitches for govt support to tide over COVID-19 crisis

Which Zodiac signs do the biggest billionaires belong to?

<ul><li>Entrepreneur <keyword id="82750" type="PERSON" weightage="20" keywordseo="Tony-Fernandes">Tony Fernandes</keyword>, the man who built <keyword id="6358246" type="UNKNOWN" weightage="20" keywordseo="AirAsia">AirAsia</keyword> is facing trouble amid bribery allegations. </li><li>He bought a state-owned AirAsia which was sinking fast into a whirlpool of debt for 26 cents in 2001 — and and turned into a billion dollar company. </li><li>He turned it around from $11 million debt to break even in two years. </li><li>In September 2019, the 55 year old Fernandes announced his retirement to let the next generation leaders in AirAsia to come to the forefront. </li></ul>Tony Fernandes’ rise to the top mirrors that of a Bollywood movie where a hero left with a single coin soon turns into a millionaire. After all, he bought a state-owned AirAsia which was sinking fast into a whirlpool of debt for 26 cents in 2001 — and and turned into a billion dollar company. But his fall also came as dramatically after aerospace company <keyword id="6356166" type="COMPANY" weightage="20" keywordseo="airbus">Airbus</keyword> said that it paid $50 million to the Malaysian airline. He had to step down as the CEO temporarily for 2 months, and denied the allegations. Fernandes who promised to cooperate with the authorities is no stranger to controversy. His company which has in a joint venture with Tatas in India was also <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/more-individuals-under-cbi-lens-for-airasia-lobbying/articleshow/64626271.cms?from=mdr">investigated for playing </a>a part in relaxing a rule that needs an airline to be operational for five years with 20 planes before they are allowed to fly overseas. <keyword id="6356895" type="PERSON" weightage="20" keywordseo="cyrus-mistry">Cyrus Mistry</keyword>, the former chairman of <a href="https://www.businessinsider.in/business/corporates/news/cyrus-mistry-warning-to-ratan-tata-on-jlr-tata-motors-airasia-and-telecom/articleshow/72873129.cms">Tata Sons</a> too had expressed discomfort with his association with the airline. “Board members and trustees are also aware that in the case of <keyword id="86568" type="LOCATION" weightage="20" keywordseo="Air-Asia">Air Asia</keyword>, ethical concerns have been raised with respect to certain transactions as well as the overall prevailing culture within the organization,” he said in a letter to the board. In Malaysia too, Fernandes is known to be close to many politicians and even painted one of the parties’ slogans on the plane — <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/double-trouble-airasia-ceo-tony-fernandes-faces-tough-time-both-in-india-and-malaysia/articleshow/64431461.cms?from=mdr">landing him in trouble</a>. While many of his maverick branding bets gave wonderful results, they also landed him in trouble enough times. The boy who wanted to be a pilot After completing his education from Britain’s Epsom College, Fernandes worked for Richard Branson and entertainment companies like Warner Music. But his childhood dream of becoming a pilot brought him into the aviation sector. After he bought the airline, he turned it around from $11 million debt to break even in two years. It started with two planes but now has a fleet of over 260 planes and flies as many as 100 million passengers. A major part of his success comes from his consistent efforts in building a brand. “The first thing you need is a great product, the second thing, you got to invest in branding. There are so many great ideas, and nobody knows about them,” he had <a href="https://www.campaignindia.in/article/tony-fernandes-airasia-plans-from-airline-to-lifestyle-brand/453037">said at a conference</a> in Hong Kong. Early bird technology investments Fernandes lived by the idea of investing in events where he saw potential — which expanded his clientele. He spent generously on sponsorships — including a football club <keyword id="6034" type="COMPANY" weightage="20" keywordseo="Manchester-United">Manchester United</keyword>. And, this was when AirAsia had merely seven planes. It had also invested in esports. He also made a personal investment to create a football club <keyword id="91917" type="ORGANIZATION" weightage="20" keywordseo="Queens-Park-Rangers">Queens Park Rangers</keyword> (QPR) in London. According to Forbes, he has a net worth of $530 million. He did not hold back even when the time came to invest in technology. AirAsia was one of the early birds to deploy cloud technologies with an online ticketing system. This data of customers turned out to be goldmine — which was then used to implement technologies like facial recognition. “I didn’t see the digital revolution that was to come. Now we have a massive amount of data, not just in Malaysia but across ASEAN,” he said. Dating on the plane Since then, the airline has introduced several consumer friendly initiatives like partnering with the dating apps for the passengers to ‘connect’ on the plane. Come 2019, the airline also became the first to set up a restaurant selling in-flight fare on land. “Who would have thought: airline food to restaurant? ASEAN’s first fast food restaurant,” <a href="https://www.businessinsider.sg/tony-fernandes-has-quit-twitter-herere-his-3-most-memorable-posts-of-2019/">Fernandes had said</a>. In September 2019, the 55 year old Fernandes announced his retirement to let the next generation leaders in AirAsia to come to the forefront. “For clarity: I will remain CEO of AirAsia group and CEO of AirAsia.com. Rest of my positions in the boards and management will go to my young amazing leaders. So so many of them. Leadership is about succession planning, always giving youth a chance,” he said. But, it looks like everything is not going according to his plans. See also: <a href="https://www.businessinsider.in/thelife/personalities/news/britannia-owner-nusli-wadia-cases-against-ambani-and-ratan-tata/articleshow/73264154.cms">Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale</a> <a href="https://www.businessinsider.in/thelife/personalities/news/kobe-bryant-was-a-big-iphone-guy-with-investments-in-alibaba-and-video-games-on-nintendo/articleshow/73654930.cms">Kobe Bryant was a 'big iPhone guy' with investments in Alibaba and video games on Nintendo</a> <a href="https://www.businessinsider.in/thelife/personalities/news/youtuber-bhuvan-bam-heads-to-world-economic-forum-in-davos-to-tell-his-story/articleshow/73473149.cms">How far can you go with YouTube — A Delhi college boy reached Davos in 5 years</a>

You Searched For "nusli wadia" and got 9 results

Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale

Preeti Soni

Now, Nusli Wadia files defamation case against Tata Sons, seeks Rs 3000 crore in damages

BI India Bureau

A 100-year old successful Indian brand is up for sale at about $500 million: Report

Sriram Iyer

Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale

One of India’s oldest textile companies’ is selling off its last factory. Know why

BI India Bureau

Go Air has filed for a ₹3,600 crore IPO at a very desperate time

Sriram Iyer

GoAir pitches for govt support to tide over COVID-19 crisis

PTI

Which Zodiac signs do the biggest billionaires belong to?

Katya Naidu

Tony Fernandes — who bought an airline for 26 cents and turned into a billion dollar company — lands in trouble

Prerna Sindwani

Popular Keywords

Buying Guides