Aneesh Phadnis And Arindam Majumder

Stories by Aneesh Phadnis And Arindam Majumder

Covid curbs hit flights, airlines see 10% drop in bookings

Covid curbs hit flights, airlines see 10% drop in bookings

Rediff.com   27 Feb 2021

Sources at Mumbai airport said seat occupancy has declined from around 70-72 per cent to 60-64 per cent in last three-four days as passengers are postponing or cancelling trips.

Green policy flip-flops spook foreign investment firms

Green policy flip-flops spook foreign investment firms

Rediff.com   26 Feb 2021

Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.

As Covid cases rise again, states impose restrictions

As Covid cases rise again, states impose restrictions

Rediff.com   26 Feb 2021

Here's what some states are doing to get a grip on the situation. Ruchika Chitravanshi & Aneesh Phadnis report

Trading glitch: Sebi, FinMin seek detailed report from NSE

Trading glitch: Sebi, FinMin seek detailed report from NSE

Rediff.com   25 Feb 2021

The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.

Maharashtra's ultimatum to GM's union, management

Maharashtra's ultimatum to GM's union, management

Rediff.com   24 Feb 2021

Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.

Production slumps in the powerloom hub of Bhiwandi

Production slumps in the powerloom hub of Bhiwandi

Rediff.com   23 Feb 2021

Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.

Petition by employees of debt-laden Jet Airways rejected

Petition by employees of debt-laden Jet Airways rejected

Rediff.com   23 Feb 2021

A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital.

Pawan Ruia throws hat into the ring to buy out Air India

Pawan Ruia throws hat into the ring to buy out Air India

Rediff.com   17 Feb 2021

Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.

Corporate air travel takes wing on economic revival

Corporate air travel takes wing on economic revival

Rediff.com   15 Feb 2021

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power.

Ministry bats for coronavirus vaccines for aviation staff

Ministry bats for coronavirus vaccines for aviation staff

Rediff.com   25 Jan 2021

Railway employees including station masters, engine drivers, ticket checkers, etc too have been selected for vaccination and their list is being compiled for the exercise.

Drone maker ideaForge bags biggest order from armed forces

Drone maker ideaForge bags biggest order from armed forces

Rediff.com   19 Jan 2021

The Army signed a $20-million deal with the Infosys-backed drone maker recently.

TCS' market capitalisation touches all-time high of Rs 12 trillion

TCS' market capitalisation touches all-time high of Rs 12 trillion

Rediff.com   15 Jan 2021

Currently, TCS is India's second most valuable firm after Reliance Industries, which has a market cap of nearly Rs 12.9 trillion.

As airlines spread wings, regional connectivity gets a boost

As airlines spread wings, regional connectivity gets a boost

Rediff.com   15 Jan 2021

While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity.

Govt extends cap on domestic airfares till March 31

Govt extends cap on domestic airfares till March 31

Rediff.com   9 Jan 2021

However, airlines will need to sell 20 per cent seats below midpoint of the fare band on each flight instead of 40 per cent as mandated earlier.

Auto sales in December saw double-digit rise

Auto sales in December saw double-digit rise

Rediff.com   5 Jan 2021

The growth momentum that started during the festival season is likely to sustain in the new year, reports Arindam Majumder.

Airlines seek easier loan restructuring norms

Airlines seek easier loan restructuring norms

Rediff.com   4 Jan 2021

For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.

Air India's new owner can sack staff

Air India's new owner can sack staff

Rediff.com   30 Dec 2020

The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.

In midst of holiday season, Dubai flights hit by seat allocation dispute

In midst of holiday season, Dubai flights hit by seat allocation dispute

Rediff.com   25 Dec 2020

Dispute arose as Indian carriers objected to Emirates flying passengers beyond Dubai, and Dubai authorities complained that Indian airlines have been flying more flights than allocated to its carriers.

Night curfew: New Year parties, travel plans fizzle out

Night curfew: New Year parties, travel plans fizzle out

Rediff.com   24 Dec 2020

Miffed hotels, restaurants stare at huge losses on account of advance planning for events that they now have to shelve.

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Rediff.com   15 Dec 2020

The latest telecom war kicked off after some pictures surfaced, showing Airtel banners among agitating farmers. According to the Jio camp, it was a giveaway that farmers were being enticed to port their phone numbers.