In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and OMCs will hold 76 per cent in the proposed SPV, the airlines will participate in the remaining 24 per cent equity.
Airlines likely to be allowed to operate with smaller aircraft.
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.
Prime property rates in South Mumbai at Rs 60,000 a sq ft remain high despite a slowing realty market.
Jet Airways would have four directors on the board; there would be seven independent directors as well.
Impending launch of Oral-B toothpaste in India, recent spate of product launches in other developing markets indicate shift in strategy.
IDBI Bank, SBI, ONGC & PFC show interest in carrier's central Delhi land. Proceeds from the asset sale would be used to clear the government-owned airline's debt.
Unlike their struggles elsewhere, Japanese majors Sony and Panasonic show no sign of fatigue in India, as consumers continue to lap up their products here.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
It has sought the permission of the Foreign Investment Promotion Board to start single-brand retail outlets.
Air India's earnings of one-two per cent of total air cargo business of Rs 900 crore per annum is almost negligible.
IndiGo passengers, according to travel agents, would be given the option of pre-booking the services on the internet, or just walking into the lounge with their boarding passes, to avail of the facility.
The results declared by key companies for the three months ended March 31 show most firms have managed to arrest the moderation in volume growth witnessed in previous quarters.
Significant market size in these countries would help in biz expansion
This follows a series of tax notices to broadcasters to pay TDS on the 15% agency commission reflected in their invoices
The Japanese giant wants to focus on segments outside its core business
Harish Manwani, HUL's chairman, responded to questions from Viveat Susan Pinto on how his company managed to buck the trend after struggling for much of the financial year ended March 31.
Ministry caps number of flights out of Delhi, Mumbai.
The sensitivity segment has quadrupled in the past two years, due to the aggressive marketing effort of both GSK and Colgate.
Three recalls of Goafest's award-winning campaigns in one week.
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