Aneesh Phadnis And Abhijit Lele

Stories by Aneesh Phadnis And Abhijit Lele

Ambani wedding sees Mumbai airport handle a record 1004 flights

Ambani wedding sees Mumbai airport handle a record 1004 flights

Rediff.com   10 Dec 2018

The airport sees 950-960 aircraft movements daily, and Saturday saw an additional 37 flights to Udaipur as celebrities, filmstars and politicians made a dash to the city for pre-wedding celebrations.

Why ATF price cut won't lead to cheaper flight tickets

Why ATF price cut won't lead to cheaper flight tickets

Rediff.com   7 Dec 2018

However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.

To trim losses Jet suspends flights to 9 destinations

To trim losses Jet suspends flights to 9 destinations

Rediff.com   6 Dec 2018

The airline has closed reservation for flights to Silchar, Imphal, Aizawl, Jorhat in northeastern states from mid-February. Reservation has also been closed for flights to Madurai, Visakhapatnam, Raipur, Muscat and Sharjah.

What RBI's capital adequacy move means for banks

What RBI's capital adequacy move means for banks

Rediff.com   21 Nov 2018

For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.

Mallya's luxury jet sale gets caught in red tape

Mallya's luxury jet sale gets caught in red tape

Rediff.com   6 Nov 2018

Five years on, US company that won the auction for the aircraft is running pillar-to-post, unable to take possession as DGCA hasn't deregistered the jet

For BoB, Vijaya, Dena Bank, single brand is the first challenge

For BoB, Vijaya, Dena Bank, single brand is the first challenge

Rediff.com   6 Nov 2018

If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.

Cash-strapped Jet turns the squeeze on travel agents

Cash-strapped Jet turns the squeeze on travel agents

Rediff.com   3 Nov 2018

Want last year's bonus? Sell our tickets: Jet Airways tells travel agents.

What went wrong with Lion Air flight that killed India's Bhavye Suneja

What went wrong with Lion Air flight that killed India's Bhavye Suneja

Rediff.com   30 Oct 2018

Indonesia-based Lion Air Flight JT610, a three-month old 737 MAX 8, took off from capital Jakarta at 6.20 am local time on Monday and lost contact 13 minutes later when it was at an altitude of about 3,000 feet.

Will Tatas buy majority stake in Jet Air?

Will Tatas buy majority stake in Jet Air?

Rediff.com   29 Oct 2018

However, any progress on the deal depends upon Goyal giving up control of the company.

RBI deputy governor fires salvo at government

RBI deputy governor fires salvo at government

Rediff.com   27 Oct 2018

Governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined the regulatory institution, Deputy Governor Viral Acharya warned.

Jet Air's wings get clipped further

Jet Air's wings get clipped further

Rediff.com   26 Oct 2018

Three senior executives - Pradeep Kumar (senior vice- president, cargo), Shrimanikandan Ananthvaidyanathan (chief information officer) and Praveen Iyer (vice-president, revenue management), have quit amid worsening financial situation

Will banks lend cash to strapped NBFCs?

Will banks lend cash to strapped NBFCs?

Rediff.com   26 Oct 2018

The problem for the NBFC sector is the funding inertia by banks and not lack of funds.

Vistara gets Rs 2,000 crore as it plans to spread its wings

Vistara gets Rs 2,000 crore as it plans to spread its wings

Rediff.com   24 Oct 2018

This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.

Jet trims flights to stay airborne

Jet trims flights to stay airborne

Rediff.com   24 Oct 2018

At least 20 to 30 departures are being cancelled daily from metros and key airports including Ahmedabad, Bengaluru and Hyderabad.

IL&FS impact: Prolonged liquidity crisis will hit economy, says Moody's

IL&FS impact: Prolonged liquidity crisis will hit economy, says Moody's

Rediff.com   16 Oct 2018

The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs

How Jet plans to save cash

How Jet plans to save cash

Rediff.com   16 Oct 2018

The airline has informed its flight attendants that they would be eligible for leave without pay between November 1 and December 20

Is Jet serious about finding a way out of the crisis?

Is Jet serious about finding a way out of the crisis?

Rediff.com   15 Oct 2018

The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.

Why aviation ministry rejected UAE's demand for more flights

Why aviation ministry rejected UAE's demand for more flights

Rediff.com   11 Oct 2018

In 2017, 60 million passengers flew between India and the UAE, the largest overseas air travel market from India.

IL&FS' lenders to feel heat of defaults in Q2

IL&FS' lenders to feel heat of defaults in Q2

Rediff.com   3 Oct 2018

PSB executives said loans to group holding company IL&FS and entities might still be treated as "standard".

IL&FS to raise Rs 15,000 crore, hike borrowing limit

IL&FS to raise Rs 15,000 crore, hike borrowing limit

Rediff.com   1 Oct 2018

The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.