Essar Global Fund, the Ruia company that invested $1.3 billion in telecommunications, towers and business process outsourcing over the years, made $6.5 billion, a five-fold return, when it flipped these businesses, according to discussions the group has had with merchant bankers.
Get ready to walk into an airport minutes before a flight, check in your own luggage, walk on to the tarmac to board a plane.
Phee Teik Yeoh, the recently anointed chief executive officer of the airline, speaks to Business Standard on his aim of changing the rule of the game in the aviation sector by redefining service and operational experience for travellers accustomed to mere functionality.
Looking to monetise assets not in Reliance Capital's core area of business.
Singapore Airlines has given new brand names to two carriers it controls - SilkAir (short-haul) and Scoot (low-cost, long-haul.
Two months after launch, low-cost warrior AirAsia is expanding to uncharted routes in India.
Only one in five handsets sold in India this year is likely to be made locally.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
The airline has launched a series of discount offers since January this year.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Operators developing greenfield airports (built from scratch on undeveloped land) are likely to face increased competition, with the Ministry of Civil Aviation considering tweaking the norms to allow such airports to be developed within 150-km radii of existing ones.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
The Bombay High Court has directed four office-bearers of the Aviation Industry Employees' Guild to resume duties by July 7, in a move that supports Air India's drive against absenteeism.
Unlike Reliance Jio's focus on 4G, it plans to segment the data market based on device prices and spectrum.
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Such direct import was formally allowed in February 2012 but the aviation companies lack the infrastructure to do so.
The airlines in their representation had said that pilots had to be spared for the renewal procedure, which took a lot of time.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
The market could see a fresh round of tariff war, similar to what happened in the voice market a few years ago.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
The MoU is a separate agreement entered into with the ministry that is more broad-based.
