The financial damage to Boeing from the airplane crisis came into sharper focus as American Airlines said it has reached agreement over compensation from the plane maker for thousands of flights it canceled because its Max jets were grounded most of the year.

IndiGo will operate daily direct flights between Agra and Bengaluru from March 5. The airline will fly exclusively on the route which it received under the third round of the government's regional connectivity scheme or UDAN (Ude Desh ka Aam Naagrik).

Through these years of growth and diversification, one constant has remained: the Murugappa Chettiar family has ensured that it has stayed at the helm of business. This has remained the case even as the group took ten businesses public, and branched into multiple verticals. As on date, five generations of the Murugappa family have and continue to run business from Dare House, in Parrys Corner. Although relatively muted, one criticism surrounding the Murugappa Group has persisted: only male heirs to the family have been picked to succeed generations past. That could soon change, if one of the Murugappa scions has her way.

The Directorate General of Civil Aviation is likely to issue show cause notice to senior officials and over 100 pilots of GoAir in 1-2 weeks after observing violations of Flight Duty Time Limitation norms, sources close to the development told CNBC-TV18.