Airline now financially more stable but still in the doldrums as the operating environment remains tough.
The Carens is a warning for cars such as the Tata Safari, Hyundai Alcazar, Maruti Ertiga, Toyota Innova Crista and Mahindra XUV 700, because Kia punches much harder than others in its weight category.
China's official defence budget last year was $136.3 billion while that of India was $38.2 billion.
Air-India will sell 376-room Centaur Hotel at Delhi airport and two Chefair flight kitchens of its subsidiary Hotel Corporation of India in the second round of divestment.
Vistara reported a passenger load factor of 45.4 per cent.
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
The S-400 Triumf long-range air defence missile system has the capability to destroy incoming hostile aircraft, missiles and even drones at ranges of up to 400 km.
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
A part of the proceeds will also be used for operational requirements, sources said in Mumbai. The carrier has already taken the delivery of 11 Dreamliners and three more are expected to join the fleet by March of next year.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
At 9.5% of sales, Zara offers the best revenue share to Mumbai's posh Oberoi mall. This is the highest revenue share offered by any fashion retailer for an anchor position in a mall.
The latest hike is likely to be followed by another such move next month, said industry players. Before the latest hike, companies had initiated price hikes to the tune of 12-13 per cent in 2021 but they weren't able to fully cover the increase in costs.
Under the fare policy announced, domestic passengers opting for lowest fares will not be served complimentary meals
Lockheed Martin's offer involves transferring the world's only F-16 production line from Fort Worth, Texas, to India. Thereafter, every F-16 built, and a large share of the spare parts and sub-systems for every F-16 flying across the globe would come from India.
Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
'There's a cycle of fear where everyone fears each other. We are keeping a distance from everyone,' says Ashish Yadav, an associate professor at Wuhan Textile University. The professor along with his wife Neha Yadav, a resident of Etah in Uttar Pradesh have been stranded since January 22 at their home inside Wuhan University, the epicentre of the coronavirus, which has now killed more than 2,000 people in China alone. The couple had earlier appealed to the government to rescue them and wait eagerly for that Air India plane to come and evacuate them from the living nightmare. Speaking to Syed Firdaus Ashraf over the phone, hear their story in their own words.
The catch is you will have to book your flight by August 27 and travel between September 25 and January 15, an airline spokesperson said, adding the offer is applicable on all direct, via and onward flights on SpiceJet's domestic network.
Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
Skies over Delhi hung heavy with smoke and its air quality inched towards "severe" category on Diwali night as people burst firecrackers in a blatant disregard to the government's ban against it, imposed amid an increase in the contribution from farm fires.
General Mattis has been the most steadfast champion in Trump's cabinet of the US-India defence relationship. If Trump chooses a more pliable successor, the Pentagon's attention could go off India.
Tata Motors on Wednesday expanded its electric vehicle range in the country with the launch of Nexon EV MAX, priced between Rs 17.74-19.24 lakh (ex-showroom). Equipped with a 40.5 kWh lithium-ion battery pack, the Nexon EV Max offers 33 per cent higher battery capacity than the Nexon EV, delivering ARAI certified range of 437 km (under standard testing conditions), ensuring uninterrupted inter-city travel. ARAI refers to Automotive Research Association of India. The model produces 105 kW (143 PS) of power and delivers a torque of 250 Nm, resulting in 0 to 100 sprint times in under 9 seconds.
'Instead of wailing about the absence of tax benefits, the private sector should press for an early implementation of the package of measures,' advises A K Bhattacharya.
Apart from Delhi, Mumbai and Chennai, the codeshare agreement with Lufthansa will cover Ahmedabad, Bengaluru, Goa, Hyderabad, Kolkata, Kochi and Pune.
The helicopters are expected to boost the Indian Navy's anti-surface and anti-submarine warfare operations.
Taxes on ATF in India are among world's highest, and are seen as key reason for mounting losses of airlines.
French investigative journal Mediapart has made fresh claims that alleged bogus invoices were used that enabled French aircraft maker Dassault Aviation to pay at least 7.5 million euros in secret commissions to a middleman to help it secure the Rafale deal with India.
Currency depreciation also hits earnings of all domestic carriers
Indian Airlines on Friday reported a 40 per cent reduction in its losses at Rs 134.73 crore (Rs 1.347 billion), offsetting the hike in its fuel bill on the strength of a rigorous cost cutting exercise and improved passenger traffic.
Its advanced Longbow radar picks up enemy armoured vehicles and then destroys them with anti-tank missiles, air-to-surface rockets or a chain gun that sends 625 rounds per minute ripping into the targets.
The government said in a statement earlier this year that by April 1, 2017 cars sold in all Indian cities will need to meet the Bharat Stage IV norms.
Jet will, however, continue to pay the sale-linked productivity bonus to them.
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.
Major aircraft-maker Boeing on Tuesday heightened its pitch for Air India's plans to acquire 17 long-haul and 18 short-haul planes, claiming its 777-200 ERs (extended range) and 737-800s were best suited for the Indian carrier.
The loss-making and debt-laden government carrier has earlier leased space in the 22-storey building to banks and offices but this will be first time that commercial eateries will be allowed in the premises.
