Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
Marriott has the best breakfast in town. New Delhi airport has the best stores. Kishore Singh on the good, bad and worst among hotels, airports and airlines.
Almost all Indian airlines like SpiceJet, IndiGo, GoAir, Jet Airways and Air India, have been offering discounted fares on domestic sectors almost on a month-to-month basis.
According to sector estimates, it takes at least six months to develop a route.
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
Qatar Airways is keen to buy equity in IndiGo if the Indian carrier offers 49 per cent stake to it, a top official has said as he sought the opening up of the Indian aviation market for established airline companies.
Volumes are up over 20 per cent y-o-y in January-April.
Domestic airlines may increase foreign flight frequencies
Incessant rains apparently caused cracks in the bridge, resulting in its collapse, an official said.
The sky turned cloudy around 4:30pm and gusty winds swept the national capital.
Anjuli Bhargava's musings on why the national carrier is well beyond a turnaround.
Life of air passengers was different in the 1970s.
Till high school, his medium of learning was Marathi. Later, he completed his doctorate under Neil Armstrong's guidance. He has travelled to close to 50 countries, sold $350 billion worth of aircraft. Anjuli Bhargava meets Boeing SVP Dinesh Keskar.
Delhi's ritzy Terminal 3 is on the global top 5 list on social media and the first among Asian airports on social media.
Air India's home market share has fallen from 19.8% in January to 18% in July.
Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
Maintaining that the situation is peaceful, police said stringent action would be taken against miscreants or vandals.
Competition is intense and with the blurring of differences in service proposition and fares, it becomes imperative that airlines use their on-time performance for messaging and brand building.
The government has made clear that the Airports Authority of India will closely monitor the cost of airports built through the PPP route.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
Civil Aviation Secretary R N Choubey said on Friday there would be no compulsion on airlines.
Creating a market for premium coffee is a challenge.
'I asked a group of uniformed high school kids: Who was the one Kashmiri they admired?' 'I shouldn't have been surprised by the answer,' says Sunil Sethi.
Let it gradually pull itself out of international routes and focus on linking remote towns and cities.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
The CMD's focus on raising employee morale and cutting costs is paying off. The airline's operating losses have shrunk and earnings are looking up
India Inc is ready to diversify into unchartered areas.
Marriott-Starwood, Carlson Rezidor and others are winning the tug-of-war for customers with local hotel chains as they add new properties at a breakneck speed.
Konnect to be phased out as airline struggles to contain losses.
The first to take off will be Air Pegasus, promoted by Bengaluru-based ground-handling firm Deccor Aviation.
AirAsia's competitors are offering more reliable services.
Air Carnival can make quick progress by stepping into the space that SpiceJet has left empty.
About time the Tata companies that are owned by the public are freed from the clutches of Tata Sons, says Sudhir Bisht.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
IndiGo is arguably more a financial services company than airline.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
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