GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.
Centre might move swiftly on its next round of strategic sales in CPSEs
But this could be shortlived as the rise has been buoyed on Chhattisgarh assembly poll freebies
Life of air passengers was different in the 1970s.
Tata Neu, the super app from the Tata group, has been downloaded by over 7 million users within seven weeks of its launch. And, the company wants to ramp this up to 150 million users in the next two years, said senior executives of Tata Digital in an internal magazine of the Tata group. According to data from App Annie, a mobile app tracking platform, the Tata Neu app has been downloaded by over 11 million users.
The sale is key to meeting the government's disinvestment target of Rs 2.1 trillion in the financial year 2020-21. So far, the disinvestment exercise has fetched the government Rs 34,845 crore during the current financial year.
The US remained "watchful" over developments along India's frontier with China as it cannot take its eyes off the regional security issues, a senior American official said on Wednesday against the backdrop of the over 29-month border standoff in eastern Ladakh that has significantly frayed ties between the two neighbours.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
In a gross violation of a Supreme Court order, people in several cities burst firecrackers until at least midnight, two hours after the 10 pm deadline. Loud bangs rent the air in New Delhi.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
The US has deployed its naval carrier strike group, led by the nuclear-powered aircraft carrier USS Ronald Reagan, as well as a fleet of F-18 fighter jets and E-2C Hawkeye all-weather aircraft for the exercise, officials said. The Indian assets at the exercise included Jaguar and Sukhoi-30MKI fighter jets, IL-78 air-to-air refuelling tanker aircraft, Airborne Warning and Control System aircraft and warships Kochi and Teg. The Indian Navy has also deployed a fleet of P8I maritime surveillance aircraft and MiG 29K jets, apart from other platforms.
For Air India and Jet Airways, airspace closure over Pakistan would mean flights to US and Europe will have to take a longer route.
India on Tuesday signed a key pact with the Philippines for the sale of 'defence material and equipment', which are likely to include BrahMos cruise missiles.
The jump in the sale of American weapons to India comes at a time when sale of weapons from the US to other countries has dipped to USD 50.8 billion in 2020 from USD 55.7 billion in 2019.
The Supreme Court on Tuesday upheld a December ruling that temporarily banned the sale of large diesel cars in New Delhi to combat toxic smog in India's capital.
Glimpses from the preparations and rehearsal for Independence Day.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
"We will not let this company go down and will not tolerate this casual talk to dismantle this company piece by piece and give it as doles to airlines of your choice," an open letter said.
'The answer is no, the entire country's is.' 'So why such obsession with Delhi?' 'But the most powerful people in India live here: The prime minister, civil servants, Supreme Court judges, MPs, diplomats, dadas of the media...' 'If they can't deal with their own problem, what chance does the rest of the country have, with its foul air, dying rivers, frothing lakes, and crumbling mountains?' says Shekhar Gupta.
Samsung last week suspended sales of its latest flagship smartphone and announced a recall of 2.5 million units already sold, after faulty batteries caused some handsets to explode during charging.
Jet's flights to Abu Dhabi could be used to carry passengers from India headed for the US and Europe.
Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. Meanwhile, a senior executive at the airline expressed hope of resuming ticket sales -- which was paused by DGCA following the grounding of the carrier -- from July 7 or July 8 and subsequent relaunch of the operations from middle of next month.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
The Securities and Exchange Board of India's (Sebi's) proposal to re-introduce "hard underwriting" is seen as step to boost India's moribund initial public offering (IPO) markets. The regulator has proposed that in case an IPO fails to garner full subscription, the investment banker or a third-party can buy the unsubscribed shares. This practice was common during fixed-price issues prior to 1999. However, under the new book building regime, underwriting is allowed only to the extent of shortfall due to technical rejection of bids - this is referred to as "soft underwriting" and is rarely invoked.
Air India launched a short term 'SpringSale' of up to 50 per cent on all domestic sectors of its network, which is up for sale till Friday and valid for travel between February 21 and April 15.
The home-grown revolver of Webley and Scott, the renowned British firearms company, is being manufactured in Hardoi town of Uttar Pradesh under Prime Minister Narendra Modi's 'Make in India' initiative.
The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Long thought of as a luxury and domain of urbanites, an e-revolution is silently hitting the rural homes as colour TVs, refrigerators, air conditioners and microwaves become a household sight in villages and small townships.
Nearly a decade ago, the first fully electric vehicle (EV) caught fire on the road in the US. It was a model from Tesla, the world's most admired EV maker. A metal fragment punctured the underbelly of the vehicle, penetrating its battery pack, leading to a fire. Indian lawmakers and automakers have had nine years to study the incident (in fact, three Tesla Model Ss caught fire in two months in 2013) but seem to have learnt little.
Air-India's decision to purchase Boeing's 787 Dreamliners has re-ignited the fight for supremacy between Boeing and Europe's Airbus in the civil aviation market, media reports said in Washington.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Official sources said talks were underway to wrap up negotiations on procurement of a missile defence system by India from the US for $1.86 billion.
The Manipur government dubbed as untrue the claim by the counsel for the committee appointed by the apex court to oversee relief and rehabilitation of the victims of ethnic violence that the people of the state were suffering on account of an economic blockade.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.
