Despite the bullishness associated with India, IATA has flagged taxation and fuel charges as key areas of concern for the aviation industry in the subcontinent, which is among the fastest growing in the world.
While the Navi Mumbai airport project has been cleared for take off, two other big-ticket projects in Maharashtra - a cargo hub in Nagpur and an international airport at Rajgurunagar near Pune - are grounded because of delays in land acquisition.
Air India (AI) plans to raise Rs 5,500 crore (Rs 55 billion) by issuing bonds to a consortium led by the country's largest private sector lender, ICICI Bank, as part of its financial restructuring exercise.
Deven Sharma, president of Standard and Poor's, tells Devjyot Ghoshal that the market and the investor will have the final say on the way forward.
Gerard Lyons, chief economist and group head of research, Standard Chartered Bank, says that much will depend on monetary and fiscal policies undertaken.
Finance Minister Pranab Mukherjee on Wednesday called for flexibility in the framework that the International Monetary Fund (IMF) is in the process of creating, to help countries manage large capital flows that could put economies at risk as they come out of the global financial crisis.
Vietnamese Prime Minister Nguyen Tan Dung on Wednesday assured Finance Minister Pranab Mukherjee that land acquisition issues for the proposed Tata Steel plant in the neighbouring country would soon be resolved.
The months of April and May are favourable for airlines, a good time to recover their losses.
India's ongoing inflation-related worries must not be seen in isolation. Instead, it is a challenge being faced by several emerging economies, the finance ministry's chief economic advisor Kaushik Basu said on Tuesday, while also calling for concerted international action to deal with the issue.
Kingfisher Airlines has increased the salary of a section of its pilots, fearing an exodus to rival carriers. Airlines including SpiceJet and IndiGo are in an expansion mode and will be adding 29 planes this financial year, opening new job avenues for pilots.
Move will help AI Express reduce costs and increase fleet utilisation.
After more than a year since the free trade agreement (FTA) between India and the 10-member Association of Southeast Asian Nations (Asean) became operational, it is now approaching consolidation.
The state-run miner, which recently raised a record Rs 15,000 crore (Rs 150 billion) from the markets, is running short of executive manpower, even as it looks at expanding production to meet rising coal demand in the country.
Last week, the Indian markets were all about coal. However, amidst the hype over the debut of Coal India Ltd (CIL) on domestic bourses, what was mostly overlooked was the brand new logo of the world's largest coal miner.
The Railways' first-ever TVC was ideated, executed and delivered in just over two weeks and at less than Rs 2 crore.
Bids for the proposed Rs 1,290-crore (Rs 12.9 billion) Madhepura electric locomotive factory in Bihar will be opened next week, say railway ministry officials.
A new government has taken office in Australia, which has said it will review its predecessor's controversial proposal for a 40 per cent super-profit tax on mining revenues.
On June 11, the state had 470 kilolitres of petrol against the daily requirement of 75 kilolitres and just 7,400 LPG cylinders against 5,508 needed daily.
American car maker General Motors is likely to pull out of its technological partnership with REVA Electric Car Company, after domestic auto major Mahindra & Mahindra Ltd bought 55.2 per cent equity in the Bangalore-based company to stake its place in the fledgling electric vehicle market.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances