Arindam Majumdar

Stories by Arindam Majumdar

Tatas to offer ESOPs to Air India staff

Tatas to offer ESOPs to Air India staff

Rediff.com   29 Apr 2022

In a bid to incentivise its staff and improve their performance, Air India may soon offer them employee stock options (ESOPs). The erstwhile national carrier, which was acquired by the salt-to-steel conglomerate Tata Group last year, will be the second company in the Group to have an ESOP policy. Tata Motors is the other Group company with an ESOP policy, which was implemented in 2018.

Industry may move court over Haryana job reservation law

Industry may move court over Haryana job reservation law

Rediff.com   12 Nov 2021

Companies in the micro, small and medium enterprises (MSME) sector may legally challenge the Haryana government's new law which mandates 75 per cent reservation of jobs in the private sector for locals. "We had earlier gone to the high court against this law, but the court said that it would hear the matter after the law was notified," said Manoj Tyagi, general secretary, IMT Industrial Association. Industries and associations feel that the law will not benefit the state and will hit MSMEs that are just coming out of the crippling effects of the lockdowns owing to the Covid-19 pandemic.

Tata group may need to invest $1 billion to upgrade Air India fleet

Tata group may need to invest $1 billion to upgrade Air India fleet

Rediff.com   18 Oct 2021

The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.

Vehicle scrapping policy won't benefit car-makers in big way

Vehicle scrapping policy won't benefit car-makers in big way

Rediff.com   2 Apr 2021

'I see a virtually zero impact on the sales of new vehicles with this move,' said an expert

IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

Rediff.com   18 Feb 2021

IndiGo has confirmed the delivery of the next set of 25 ATR-72 jets and will be inducting around 10 planes by the end of this calendar year, making it the largest regional fleet operator in the country.

Govt likely to fetch around Rs 15,000 crore from Air India sale

Govt likely to fetch around Rs 15,000 crore from Air India sale

Rediff.com   11 Feb 2021

To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.

For AirAsia's Tony Fernandes, Indian sky is out of bounds

For AirAsia's Tony Fernandes, Indian sky is out of bounds

Rediff.com   25 Jul 2020

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.

IndiGo told to replace unmodified P&W engines in Neo aircraft

IndiGo told to replace unmodified P&W engines in Neo aircraft

Rediff.com   26 Nov 2019

People in the know said the move would impact around 110 engines, virtually putting a spanner on the expansion plans of IndiGo - counted among the fastest growing airlines in the world.

Bajaj brings Chetak back as all-electric 2-wheeler

Bajaj brings Chetak back as all-electric 2-wheeler

Rediff.com   17 Oct 2019

In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India.

Global PE funds bullish about 6 Indian airports up for sale

Global PE funds bullish about 6 Indian airports up for sale

Rediff.com   29 Jan 2019

With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap

Will selecting a single GDS platform benefit Air India?

Will selecting a single GDS platform benefit Air India?

Rediff.com   1 Nov 2018

The move will help to reduce Air India's distribution cost by 60 per cent

As linking Aadhaar kicks in, EPF contributor base shrinks

As linking Aadhaar kicks in, EPF contributor base shrinks

Rediff.com   2 Nov 2017

The number of contributors was 46.4 million in July and 44 million in September.

Indian carriers struggle to find talent inside cockpit

Indian carriers struggle to find talent inside cockpit

Rediff.com   3 Oct 2016

7,000 unemployed pilots in India but airlines continue to bet on expats

Fliers to have online complaint platform

Fliers to have online complaint platform

Rediff.com   13 Aug 2016

Indian fliers regularly face issues like lost baggage, refund on cancellation and harassment by staff at airports

Airlines oppose lower cancellation fees, quicker refunds to passengers

Airlines oppose lower cancellation fees, quicker refunds to passengers

Rediff.com   31 Jul 2016

New rules will unnecessarily make the airlines responsible for reasons beyond their control

Bengal features in Tata's plan, but only on merit

Bengal features in Tata's plan, but only on merit

Rediff.com   15 Aug 2015

Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes