SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
Search is on for reliable indicators of underlying activity.
India's latest GDP numbers do not signal robust economic growth in near term.
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
Investors from across the globe are keen to invest in Gujarat.
Prime Minister Narendra Modi has high hopes from the VibrantGujarat Summit.
Under a 2010 nuclear liability law, nuclear equipment suppliers are liable for damages from an accident, which companies say is a sharp deviation from international norms
Ajay Singh will team up with two blue-chip investors to bail out the airline
Modi is keen to restart big projects which are stuck for various reasons.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
SpiceJet has cut the size of its fleet to 22-24 Boeing planes from 35 and will keep it this way for few months.
Migrants do many of the dirty and dangerous jobs in the region, from construction to the oil industry, transport and services
The company solf the frequent flyer business.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
IndiGo's ascent is not without its risks, however.
China's strong manufacturing base and India's software and scientific skills had massive potential both as a production base and for creating a consumer market.
Jet is losing money fast, beset by high costs, low fares and cut-throat competition in its domestic market.
The court on Tuesday ordered BSES -- part of billionaire Anil Ambani's Reliance Infrastructure Ltd to pay state-run NTPC the Rs 700 crore (Rs 7 billion) it is owed by May 31.
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