Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
The RBI now brings in important and contentious changes directly through voluminous Master Directions, or Master Circulars
Central bank moves to infuse liquidity into bond market to help boost sentiment.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
As yields rise, bond prices fall. Higher yields not only translate into losses for investors, it also pushes up borrowing cost for companies as well as government
A weak rupee, though seemingly good for exporters, would push up input cost further for Indian companies.
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
Year-to-date, the rupee is the worst-performing currency in Asia, weakening 4.184 per cent against the US dollar.
The RBI had in the past expressed its concerns about allowing foreign investors in short-term paper, because it attracted hot money.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
If Reliance has to pay about one percentage point more for short-term money, the bond market could be out of bounds for many lower-rated firms after some time.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
RBI deputy governor N S Vishwanathan has said the new framework was in line with the Insolvency and Bankruptcy Code guidelines.
For current financial year, govt plans to borrow Rs 2.88 trillion in the first half of 2018-19, out of Rs 6.05 trillion planned for entire year
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
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