Jet Airways, the largest domestic airline, will merge its no-frills brands JetLite and Jet Konnect and operate under the brand name of the latter.
The poster boys of Indian private equity are getting a reality check. If last year many of them branched out independently with their entrepreneurial PE shops, many are scaling down or biting the dust a year down the line.
Automotive designer Dilip Chhabria is planning to raise about Rs 100 crore to fund a new super-luxury car project for DC Design that he promotes, banking sources said on Tuesday.
Maharashtra Cabinet changes norms to make present occupiers of slums eligible for rehabilitation.
The 3,000-odd cabin crew of Jet Airways cabin has been asked to take a day's leave without pay each month as a cost-saving exercise.
The no-frills brand is poised for a big leap by debuting in some international routes as well.
PE firm goes in for image makeover, appoints advisory group.
The Air India management has reached an agreement with pilots from the erstwhile Indian Airlines on the contentious issue of pay parity. Fearing another agitation from the Indian Commercial Pilots Association (ICPA), the airline's management has agreed to the union's demands for fixed allowances each month.
The government-owned airline has 63 narrow body planes from Airbus, including the A319 and A321.
Indian pharmaceutical companies, which always wanted a big share in the global copycat drug market, are betting high on the oral contraceptive (OC) market in America.
Kingfisher Airlines is exploring hiving off its engineering department into a separate maintenance, repair and overhaul (MRO) unit. This is one of several measures being considered by the airline management to tide over its current financial crisis.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
His debt woes may continue and losses double, but the King of Good Times was clearly in a defiant mood at a press meet in a packed venue in a suburban hotel in Mumbai on Tuesday.
The negotiations will be held in Mumbai on Tueday at the International Civil Aviation Negotiations Conference which will be inaugurated by President Pratibha Patil.
Hilton's inspiring personal memoir seems to have inspired sons of India's top corporate honchos. Only they are not following in their fathers' footsteps to make their presence felt.
AI Express operates 195 weekly flights, mostly from Kerala.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
Tapping opportunities in this growing industry, major players are expanding their business and raising funds through the public market or private equity route.
Jet Airways is pushing web sales to increase its revenue and cut distribution costs. The airline is selling 100,000 seats at a discount to drive this strategy.
Samina Vaziralli, daughter of joint Managing Director M K Hamied, was inducted into the company management. Cipla joins the league of major companies such as Lupin, Wockhardt, Elder Pharma, Piramal Healthcare and JB Chemicals in this regard.
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