Aneesh Phadnis And Dev Chatterjee

Stories by Aneesh Phadnis And Dev Chatterjee

How brands are making a splash at Kumbh Mela

How brands are making a splash at Kumbh Mela

Rediff.com   23 Jan 2019

Milk booths by Amul and Mother Dairy, a Kumbh phone by Reliance Jio, Dabur's toothpaste dispensers are among the many initiatives by brands steadying for a stint on haloed ground.

Battle for Jet Air hots up

Battle for Jet Air hots up

Rediff.com   18 Jan 2019

While Jet founder Naresh Goyal said he was willing to infuse Rs 700 crore and also pledge all his shares in the company provided he can have at least 25 per cent stake, the airline's foreign partner Etihad Airways insists he must not keep more than a 22 per cent stake.

Jet Air lenders likely to write off up to 25% of loans

Jet Air lenders likely to write off up to 25% of loans

Rediff.com   18 Jan 2019

Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.

Post restructuring, SBI-led consortium may hold around 40% stake in Jet

Post restructuring, SBI-led consortium may hold around 40% stake in Jet

Rediff.com   17 Jan 2019

The airline has struggled to pay salaries and vendors on time and its Rs 10,963 crore fund and non fund based facilities have now been assigned 'D' rating by ICRA - the seventh rating downgrade since March 2017.

All you want to know about Angel tax

All you want to know about Angel tax

Rediff.com   15 Jan 2019

What is worrying is that this year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells in the start-up community in India.

How Mumbai airport shutdown will affect you

How Mumbai airport shutdown will affect you

Rediff.com   14 Jan 2019

Fares to key routes such as Delhi, Bengaluru, and Hyderabad may shoot up 80 per cent

Wadias to continue legal battle for Jinnah House

Wadias to continue legal battle for Jinnah House

Rediff.com   14 Jan 2019

Dina Wadia, Jinnah's only daughter and Nusli Wadia's late mother, moved the high court in 2007 to regain control of the estate.

As Jet defaults on loan, its credit rating slips to 'D'

As Jet defaults on loan, its credit rating slips to 'D'

Rediff.com   3 Jan 2019

Over the past several months, the airline has struggled to pay vendors and staff salaries on time.

SBI orders forensic audit of Jet's accounts

SBI orders forensic audit of Jet's accounts

Rediff.com   15 Dec 2018

Jet has come under regulatory scrutiny twice this year.

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.

Why Kumar Mangalam Birla is the undisputed king of India's cement sector

Why Kumar Mangalam Birla is the undisputed king of India's cement sector

Rediff.com   4 Dec 2018

The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market

Anil Ambani inducts younger son into RInfra board

Anil Ambani inducts younger son into RInfra board

Rediff.com   26 Nov 2018

According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.

Tatas' independent directors highest paid in industry

Tatas' independent directors highest paid in industry

Rediff.com   12 Nov 2018

Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.

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

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.

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