According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
Declining crude price translates into lower under-recoveries for OMCs
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
Low oil prices also means effectively transfer of wealth from the producing nations to the consuming nations
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
Holidayers' plans have gone topsy-turvy of late and the options have got limited.
Governments encouraged motorists to switch to diesel in the belief that its superior fuel economy would outweigh the higher pollutants per litre burned.
Former Air India executive director Jitender Bhargava comes out with a book detailing what went wrong with the national carrier. According to him, India does not have a civil aviation policy, and that's just the beginning.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
Majority of India's international routes have been captured by foreign airlines.
'There is a trade in goods, a lot of tariff.'
It was a multi-million rupee scam whose extent and reach are still being unravelled, so why did the chief of the scam-tainted Saradha group Sudipta Sen plead that he was unable to pay Rs 30,000 as bail fee? Where could all the money have gone? Indrani Roy finds out.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
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