It reported a loss of Rs 36 crore (Rs 360 million), the first such negative result in 10 years.
No respite in sight as not many big deals, initial public offerings in pipeline.
On Thursday, all airlines (except for Air India) reduced fares on key domestic routes such as Delhi-Mumbai, Delhi-Bengaluru, Mumbai-Bengaluru, among others.
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Globally, the company intends to cut expenses by $7.8 billion by 2014.
Realty plans hit roadblock; delay could hit modernisation
Despite slowdown, smaller firms attract growth capital.
Experts believe MNCs, which look for a strong foothold in the Indian kitchen appliances space, target the leading organised players in the industry.
Has also sought permission to share with Virgin Atlantic for new routes in Britain.
Ravindra Dholakia joins the board along with Gurcharan Das, former chief executive officer of Procter & Gamb#8804 Prem Vrat, vice-chancellor of ITM University of Gurgaon; Air Marshal K K Nohwar; and Renuka Ramnath, managing Director and CEO of private equity firm Multiples Alternate Asset Management.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Unlike Air India and Jet Airways, which have revised downwards free check-in baggage allowance on domestic flights, GoAir has made provisions for pre-purchasing excess baggage limits.
Jet Airways would have four directors on the board; there would be seven independent directors as well.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
Mittu Chandilya wants to bring a new meaning to flying for Indians.
There are six lounges at the international terminal in Mumbai; four are run by airlines exclusively for their passengers.
In the latest initiative, the US food giant has roped in popular Indian cartoon character Chhota Bheem to sell various items through its retail outlets in India.
However, foreign investors have completely shunned the infrastructure sector.
Etihad plans 75 per cent travel beyond Abu Dhabi; airports cry foul.
PE firms are looking at various ways to protect their nominee directors.
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