Aneesh Phadnis And Abhijit Lele

Stories by Aneesh Phadnis And Abhijit Lele

For LIC, road to bourses won't be easy

For LIC, road to bourses won't be easy

Rediff.com   10 Feb 2020

Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.

Air travel will cost more in India. Here's why

Air travel will cost more in India. Here's why

Rediff.com   21 Jan 2020

A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.

Bad debts: Banks may have to make provision for Rs 2.2 trn

Bad debts: Banks may have to make provision for Rs 2.2 trn

Rediff.com   16 Jan 2020

Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end.

Jet Airways gets two suitors; Hindujas back out

Jet Airways gets two suitors; Hindujas back out

Rediff.com   16 Jan 2020

South America-based Synergy Group, one of the suitors, has said slots at London's Heathrow airport are critical to the airline's operations and will decide on participating in the resolution only if it gets clarity. It also wants to form a new company with its assets, employees, and operating permit but minus all liabilities.

Air India eyes more slots at Heathrow

Air India eyes more slots at Heathrow

Rediff.com   15 Jan 2020

With over 700,000 annual passengers and 21 per cent market share Air India is the largest carrier on India-United Kingdom routes.

IndiGo gets 4 more months to replace A320Neo engines

IndiGo gets 4 more months to replace A320Neo engines

Rediff.com   14 Jan 2020

DGCA has also permitted the airline to deploy newly-inducted planes for capacity expansion.

Delhi, Mumbai airports see pick up in traffic

Delhi, Mumbai airports see pick up in traffic

Rediff.com   12 Jan 2020

Improvement in load factors, coupled with an increase in seat capacity after Jet's slots were allotted to low-cost airlines, has resulted in an increase in daily passenger traffic.

Govt gives tax breather to airlines

Govt gives tax breather to airlines

Rediff.com   10 Jan 2020

Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.

How GoAir plans to prevent flight disruptions

How GoAir plans to prevent flight disruptions

Rediff.com   4 Jan 2020

The airline is strengthening its flight operations department to make this happen.

Airlines witness headwinds amid limited price hike

Airlines witness headwinds amid limited price hike

Rediff.com   4 Jan 2020

Brent crude oil price surged 4 per cent on Friday, following tension between Iran and the US. Airlines, however, have been unable to pass on the price increase to customers due to the soft demand.

PSBs need to build buffers to absorb shocks: Report

PSBs need to build buffers to absorb shocks: Report

Rediff.com   28 Dec 2019

Among the bank groups, under the baseline scenario, public sector banks' gross NPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019.

Slowdown blues: Bank credit growth will be lowest in 58 years

Slowdown blues: Bank credit growth will be lowest in 58 years

Rediff.com   27 Dec 2019

According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trn, there will still be a 40-45% year-on-year decline.

CAA protests: Tourism may be hit badly

CAA protests: Tourism may be hit badly

Rediff.com   23 Dec 2019

Foreign tourists are postponing their India holiday and there have been some cancellations as well, with trips to the North-East seeing the most adverse impact.

Air India may be unable to sustain operations

Air India may be unable to sustain operations

Rediff.com   18 Dec 2019

Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.

Large co-op banks may come under Banking Act

Large co-op banks may come under Banking Act

Rediff.com   16 Dec 2019

Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.

At 11.2%, Nov's air traffic growth fastest this year

At 11.2%, Nov's air traffic growth fastest this year

Rediff.com   13 Dec 2019

About 1.2 crore passengers flew in November compared to 1.1 crore in October. While the industry opinion is divided over the sustainability of unprofitable growth, which is primarily led by low fare, some described it as the resilience of air travel against the economic slump.

GoAir chooses Pratt & Whitney engines for 2nd lot of 72 Airbus planes

GoAir chooses Pratt & Whitney engines for 2nd lot of 72 Airbus planes

Rediff.com   21 Nov 2019

The selection gives a boost to the US engine firm, which lost out to rival manufacturer CFM International for IndiGo's 280 aircraft engine order in June.

Good news for fliers to Saudi Arabia as seat quota hiked by 78%

Good news for fliers to Saudi Arabia as seat quota hiked by 78%

Rediff.com   11 Nov 2019

Among the Indian carriers, Air India, Air India Express, IndiGo, and SpiceJet operate flights to Saudi Arabia while Saudi Arabian Airlines and Flynas are the two carriers operating in India.

'People should feel like spending more'

'People should feel like spending more'

Rediff.com   5 Nov 2019

'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.

India issues advisory against travel to Turkey

India issues advisory against travel to Turkey

Rediff.com   24 Oct 2019

The advisory was issued by the Indian embassy in Ankara on Tuesday against the backdrop of strained India-Turkey relations and Turkey's offensive against Kurdish rebels in Syria.