Vistara has entered a country that has been sobered down to reality.
Commercial aviation is safe because the crew is paid well and trained extensively for contingencies
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
India's investigating agencies have in the past made a lot of noise about probes that resulted in few convictions
Vijay Mallya faces a sensitive diary clash this week as the season-opening Australian Formula One Grand Prix coincides with an appointment to appear before Indian investigators.
Indian companies are gearing up to Valentine's Day with offers and gifts for the customers.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
While in custody and until the first hearing in his extradition case next week, Modi is likely to be held in a separate cell but may also have to share a cell with other prisoners given the overcrowding pressures.
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.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
An extradition expert in the UK said the strict social distancing norms in place to try and curb the spread of COVID-19 may add a further dimension to the UK's Article 3 obligations under the European Convention on Human Rights, relating to inhuman and degrading treatment or punishment.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
Vistara has poor load factors currently, it needs to bring down fares a bit to improve flight occupancy.
Unless Naresh Goyal pulls the proverbial rabbit out of his hat or reveals an unexpected ace of spades, the airline he built from scratch - many refer to it as "his baby" - may slip out of his grasp, says Anjuli Bhargava.
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for the current month, in signs of mounting troubles for the budget airline.
The prime minister seems to have turned his face away from the business of introducing serious reform, says T N Ninan.
The inaugural flight took off in the presence of Minister of State for Civil Aviation, Mahesh Sharma, along with a number of other people.
Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
Few top honchos of India Inc did very well in 2014.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
After allowing FDI by foreign carriers in their Indian counterparts, the government has put in place provisions to prevent Indian airlines from being controlled and managed by the foreign investor.
Several changes have been carried out in the existing rules or Civil Aviation Requirements, including one which clearly states that a passenger airline 'shall not enter into an agreement with a foreign investing institution or a foreign airline, which may give such foreign investing institution or foreign airlines or others on behalf of them, the right to control the management of the domestic operator.'
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
'Children should be brought up connected to our culture and should be introduced to characters from our mythologies. What is this Baa Baa Black Sheep?'
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
'Amitabh Bachchan told me, "I don't appreciate other people doing my voice".'
Financial numbers can sometimes paint a rosy picture because of changes in the accounting policy or a one-time income.
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