Arindam Majumder And Arup Roychoudhury

Stories by Arindam Majumder And Arup Roychoudhury

Has Tony Fernandes got AirAsia stuck in turbulence?

Has Tony Fernandes got AirAsia stuck in turbulence?

Rediff.com   9 Jun 2018

One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.

Jaitley may be back at work by June-end

Jaitley may be back at work by June-end

Rediff.com   1 Jun 2018

The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.

Nirav Modi fraud: How money changed hands

Nirav Modi fraud: How money changed hands

Rediff.com   26 May 2018

The chargesheet was filed against Nirav Modi and 23 others.

Worry lines are back for govt as crude hits $80 a barrel

Worry lines are back for govt as crude hits $80 a barrel

Rediff.com   19 May 2018

"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.

Wow! Now pay only Rs 27,000 for return flight to New York

Wow! Now pay only Rs 27,000 for return flight to New York

Rediff.com   16 May 2018

The low fares will come with a discernible sea-change in service quality and minus the luxury which comes as an essential part of any long-haul travel

Be sensitive while dealing with unruly flyers, IndiGo tells crew

Be sensitive while dealing with unruly flyers, IndiGo tells crew

Rediff.com   15 May 2018

IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Rediff.com   14 May 2018

Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.

From Chennai to Guwahati, 8 major airports likely to be privatised

From Chennai to Guwahati, 8 major airports likely to be privatised

Rediff.com   14 May 2018

It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.

Govt may cut excise duty on petrol, diesel soon

Govt may cut excise duty on petrol, diesel soon

Rediff.com   10 May 2018

India is the second largest buyer of Iranian crude, after China.

Finance panel terms of references: 7 states, UTs seek change

Finance panel terms of references: 7 states, UTs seek change

Rediff.com   8 May 2018

A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.

E-bidding: Govt to explore English auction system for divestment

E-bidding: Govt to explore English auction system for divestment

Rediff.com   7 May 2018

The IPL uses this system for players' auction.

The nefarious world of C Sivasankaran

The nefarious world of C Sivasankaran

Rediff.com   30 Apr 2018

Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.

Why IndiGo will always miss 'Captain Ghosh'

Why IndiGo will always miss 'Captain Ghosh'

Rediff.com   28 Apr 2018

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.

This is how cash travels from printing press to your purse

This is how cash travels from printing press to your purse

Rediff.com   19 Apr 2018

On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.

Cash crunch: 'Printing of lower denomination notes will be ramped up'

Cash crunch: 'Printing of lower denomination notes will be ramped up'

Rediff.com   18 Apr 2018

As the Centre deals with the fallout of cash shortage in certain parts of the country, Principal Economic Advisor in the finance ministry, Sanjeev Sanyal, bottom, left, tells Arup Roychoudhury that the demand for cash has seen a spike of late.

Why no one is ready to bail out Air India

Why no one is ready to bail out Air India

Rediff.com   12 Apr 2018

Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value

EoI deadline for Air India may be relaxed

EoI deadline for Air India may be relaxed

Rediff.com   9 Apr 2018

Government officials say a shareholding structure has been mandated to discourage non-serious bidders from accessing Air India's data room

Steep rise in compensation for flyers likely

Steep rise in compensation for flyers likely

Rediff.com   6 Apr 2018

The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.

IndiGo no more in race to buy Air India

IndiGo no more in race to buy Air India

Rediff.com   6 Apr 2018

This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process

Centre may completely exit Air India, sell its residual stake to LIC

Centre may completely exit Air India, sell its residual stake to LIC

Rediff.com   5 Apr 2018

According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time