The proposed $400 million rights issue of Naresh Goyal-promoted private airline Jet Airways will hit the capital market by mid-October.
Airline sources said an increase of Rs 600 to Rs 1,000 is necessary for all carriers to become profitable.
The high-profile denizens of Mumbai and other celebrities will soon have a new place to hang out. Planet Hollywood, the US-based theme restaurant, is planning its debut in India by setting up a floating restaurant around the Mumbai harbour.
Air India has positioned its fares on par with airlines offering one-stop services to US.
"Though the management has agreed to pay the pending arrears to ACEU, the other unions have not been paid yet," said a union member.
Three major companies, Japanese giant Toshiba, Canadian major Bombardier and GE, are looking at manufacturing wagons and coaches in the country.
Cochin International Airport may team up with some domestic airlines to launch a budget carrier for the Gulf destinations.
MADC is a special purpose vehicle set up by Maharashtra to execute the multi-modal hub project at Nagpur, which includes an airport and a special economic zone.
The air carrier, which currently operates 47 flights a week, is also planning to tie up with a credit card service provider to integrate the Miles and More programme.
Ratifying the convention would help Indian carriers save over $200 million in aircraft acquisition costs in the short term and over $1 billion in the long term.
Singapore-based PSA International, which operates a container terminal at Tuticorin Port in South India, has reduced its annual handling capacity by 20 per cent on the grounds that its current tariffs are not commercially viable.
An increasing number of contractors managing parking lots at malls, multiplexes and five-star hotels are buying parking insurance covers
Union Civil Aviation Minister Praful Patel's dream to make Indian airports an international aviation hub may have to wait.
Lufthansa's route planning follows the traffic streams from or to India, which will connect Europe and North America, says Werner Heesen, director (South Asia), Lufthansa.
After merging domestic carrier Indian Airlines with itself, state-owned airline Air-India is keen on creating a hub in Germany for wider international presence.
International budget airlines are vying with each other to offer you the cheapest deals.
State Bank of India's investment kitty now includes Rs 300 crore (Rs 3 billion) worth of shares of its competitor and the second largest lender, ICICI Bank.
Lufthansa Technik, a leading aircraft maintenance, repair and overhaul major, is also planning to set up a regional component pool in India to support the existing customers.
The Life Insurance Corporation has decided not to nominate any retired employee as a director on the board of the almost 90 companies in which it has equity or loan exposure.
The code of market conduct is being prepared under the aegis of the General Insurance Council (a self-regulatory body of the 12 non-life insurance companies) in this regard.
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