Abhijit Lele And Arindam Majumder

Stories by Abhijit Lele And Arindam Majumder

India wakes up to rogue drone threat after Saudi attack

India wakes up to rogue drone threat after Saudi attack

Rediff.com   25 Sep 2019

While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.

Flyers beware! You may be under airport security scanner

Flyers beware! You may be under airport security scanner

Rediff.com   19 Sep 2019

The need to use behavioral techniques for spotting terrorism acts was felt after such an exercise had helped customs officials recover cash and drugs.

Banks form GM-level teams for merger ease

Banks form GM-level teams for merger ease

Rediff.com   5 Sep 2019

Banks are also weighing the option of hiring experts for help in specialised areas.

Will auto sales pick up this festive season? Dealers are skeptical

Will auto sales pick up this festive season? Dealers are skeptical

Rediff.com   4 Sep 2019

The muted expectation of dealers come at a time when vehicle manufacturers such as Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra and others reported a double-digit fall in wholesale dispatches to dealerships in July and August.

August brings more depressing news for auto sector

August brings more depressing news for auto sector

Rediff.com   2 Sep 2019

Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.

How Toyota, Suzuki plan to beat slowdown in auto industry

How Toyota, Suzuki plan to beat slowdown in auto industry

Rediff.com   29 Aug 2019

While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.

Maruti Suzuki seeks better lending terms for dealers

Maruti Suzuki seeks better lending terms for dealers

Rediff.com   22 Aug 2019

Lenders have become worried as some dealers were not using the money provided to them for car financing.

DGCA plans to bring airline staff under breathalyser

DGCA plans to bring airline staff under breathalyser

Rediff.com   17 Aug 2019

The regulator is now planning to bring in other workers in the aviation ecosystem under the purview of the breath-analyser test. It will include air traffic control officers (ATCOs), ground-handling personnel, flight despatchers, aerodrome operation personnel and engineers.

Ground incidents in airports force DGCA to intervene

Ground incidents in airports force DGCA to intervene

Rediff.com   11 Aug 2019

The regulator will audit an airport's ground facilities, its turnaround and general safety procedures, and the movement of vehicles. Underground facilities, ground servicing equipment, passenger boarding bridges, condition of the apron, marking and lighting, and availability of foreign object dustbin bins will be checked.

IndiGo: Gangwal vs Bhatia spat resurfaces

IndiGo: Gangwal vs Bhatia spat resurfaces

Rediff.com   7 Aug 2019

Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.

Why IndiGo is headed for a stormy board meet on Friday

Why IndiGo is headed for a stormy board meet on Friday

Rediff.com   18 Jul 2019

Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Rediff.com   4 Jul 2019

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.

'I still believe Jet will fly'

'I still believe Jet will fly'

Rediff.com   2 Jul 2019

'Now we will have real employees as the owner of the airline.'

Slow loan growth confirms India is not shining

Slow loan growth confirms India is not shining

Rediff.com   29 Jun 2019

While slowdown was prominent in vehicle loan segment, home loans growth improved to 18.7% in May 2019 from 15.5% a year ago.

DHFL promoters exit WGC Wealth to repay debts

DHFL promoters exit WGC Wealth to repay debts

Rediff.com   28 Jun 2019

Lenders to DHFL will meet early July to hammer out a rescue package, which will include the reworking of loan payments, fresh working capital support, roping in a financial investor, and the promoters ceding control.

Zomato gets inspired by Satyajit Ray film

Zomato gets inspired by Satyajit Ray film

Rediff.com   20 Jun 2019

The Gurugram-based company had acquired Lucknow-based drone manufacturer and consultant start-up TechEagle in December, to expand food delivery using drones

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

Rediff.com   20 Jun 2019

The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.

Anil Ambani on why there's sharp fall in his group firm shares

Anil Ambani on why there's sharp fall in his group firm shares

Rediff.com   19 Jun 2019

He said unwarranted rumour-mongering, speculation, and bear hammering of all Reliance Group companies shares over the last few weeks had caused grave damage to all our stakeholders.

IndiGo places $20-bn order for CFM engines

IndiGo places $20-bn order for CFM engines

Rediff.com   18 Jun 2019

With this, the biggest buyer of Airbus SE A320neo planes seems to be moving away from Pratt & Whitney engines, which have been experiencing glitches. CFM International will deliver the first engine by 2020.

Air India sale: Govt relaxes rules to attract buyers

Air India sale: Govt relaxes rules to attract buyers

Rediff.com   15 Jun 2019

'Since the government will not hold any significant stake in the airline this time, such restrictions are not required anymore.'