AirAsia, the largest low-cost airline in Asia, has applied for the permission to launch a new airline in India in association with Tata Sons and Telestra Tradeplace of Arun Bhatia.
Malaysia based, AirAsia has submitted its application for a scheduled airline to the country's aviation ministry. The company said in its application that the airline will have four directors namely, Arun Bhatia, R Venkataram, Tony Fernandes and Bharat Vasvani. The airline is likely to operate fleet of 36 Airbus aircrafts in the coming five years.
joint-venture with the Tata group company, Tata Sons Ltd and Arun Bhatia's Telestra Tradeplace Pvt Ltd to enter the Indian market. AirAsia, the Tatas and Bhatia's Hindustan Aviation have already signed pact for the joint venture. Government officials hinted that the AirAsia Investment Ltd's (AAIL) proposal was included in the agenda of FIPB meeting.
Under the agreement, AirAsia holds a 49 per cent in a joint venture while, Tata Sons have a 30 per cent stake in the venture but will not be involved in the operations and Telestra Tradeplace has the remaining 21 per cent stake in the venture. Tatas will be represented by two non-executive directors of the company.
If the application is approved, AirAsia will become the first foreign airline to enter the domestic aviation market. AirAsia might invest about $50 million in the venture and the operations are expected to begin within this year if necessary permissions are obtained from the government.

German premium automaker, BMW India has announced the launch of a new 7 Series facelift sedan in the Indian market to compete better with rivals in the growing luxury car market in the country.
The company will offer a total of four variants of 2013 7 Series in the country and the range will include 1 diesel and 3 petrol models for the customers in the country. The facelift variant will come with new LED headlamps featuring BMW's signature corona rings, a new kidney grille with lesser number of slats, a new wing mirror design with indicators and a redesigned front bumper.
The rear of the model remains largely unchanged with the same tail lamp and bumper design as the earlier model. However, the new variant features a chrome strip running across the boot. On the interior, the company has fixed slimmer front seats for improved view of those sitting at the bank and extra sound-deadening material.
There is also a new instrumentation console with large TFT screen instead of conventional dials. The instrumentation of the vehicle changes colors and graphics according to the driving mode. The company is offering the new 7 Series facelift sedan with starting price of Rs 92.90 lakhs, while the top variant is priced at Rs 1.73 crores in the country.

ndia's telecommunication services major, Tata Communications has said today that it has entered into an agreement with Mercedes AMG Petronas F1 team for offering connectivity for the team on all of the F1 tracks.
According to a new statement released, following the agreement, Tata Communications becomes the 'Official Managed Connectivity Supplier' to the team. The indianfirm said that it will work with Mercedes AMG Petronas to provide high-speed, high quality and secure trackside connectivity through Tata Communications' global network.
It is believed that the team will able to transfer real-time data from its cars at F1 racing tracks to its headquarters at Brackley and Brixworth in the UK at a three times faster rate than present. The faster transmission of data between the team's location and the headquarters will allow it to improve the car's performance quickly.
Team principal, Mercedes AMG Petronas, Ross Brawn said, "We are delighted to have agreed our new team partnership with Tata Communications. The Tata Communications global network will play a key role in the team's performance and our ability to react over the race weekends."

Mahindra Group firm, Mahindra Holidays and Resorts has said that it has recorded a fall of 16.92 per cent in its net profit to Rs. 30.92 crore for the fourth quarter of the 2013 financial year till March.
Mahindra Holidays and Resorts had recorded a net profit of Rs. 37.22 crore during the same quarter of the previous year, it said in a statement. The total income of the company recorded an increase to Rs. 200.54 crore for the January to March, 2013 quarter compared to Rs. 188.36 crore recorded in the fourth quarter of the previous financial year.
The company informed that Bombay Stock Exchange (BSE) that the board has recommended a dividend of Rs. 4 per equity share of Rs. 10 each on 8,87,80,856 equity shares.
As for the whole year, Mahindra Holidays and Resorts said that its net profit rose to Rs 106.97 crore during the financial year 2012-2013 compared to Rs. 104.64 recorded in the financial year 2011-12. Total income of the company also increased to Rs 701.54 crore compared to Rs 621.55 crore during previous financial year
"As India's largest vacation ownership company, we remain committed to growth. This year we have taken the bold and confident step of making additions internationally with two large resorts in Dubai and Bangkok," said MHRIL Chairman Arun Nanda.  

Los Angeles, April 25 : Facebook co-founder Mark Zuckerberg went on a low-key vacation to Hawaii with his wife Priscilla Chan.
The couple was spotted exploring the island of Kauai in casual clothing and sandals, just like other tourists.
They also chose to go for Kauai's famous Bubba hamburgers and smoothies over lavish meals, reports eonline. com.
A source told E! News that the couple seemed happy and relaxed enjoying their getaway with a group of friends. He added: "They were very chill and down to earth!"