In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
Pawan Ruia has finally done it, a beaming Buddhadeb Bhattacharjee, then West Bengal chief minister, had said at the reopening of the 70-year-old Sahagunj factory owned by Dunlop in 2005. But with the Calcutta high court passing a winding-up order in 2013 and the Trinamool Congress-led state government passing a Bill to take over the company in 2016, the once-upon-a-time undisputed leader in the Indian tyre industry looks vastly undone. But that can hardly be a deterrent for Ruia, who has a penchant for making headlines one way or the other.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
'If they really wanted to give him competition, the AIADMK should have contested the seat, not its ally the PMK.'
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Jamia turned into a battlefield on Sunday as police entered the campus and also used force, following protest against the Act.
'By the time the goods that were sent from December onwards reached stores in Europe, they became dead inventory as the stores there were closed by then.' 'Those that were in the warehouse there also became dead inventory. Those that reached the ports there also became dead inventory.' 'And what Tirupur produced in March is still here, and they have also become dead inventory.'
These workers have been asked to undergo a 30-day performance improvement plan.
Despite their promised and announced reduction in power prices, the Arvind Kejriwal-led Delhi government may want keep the issue on the burner for sometime longer, since none of the concerned players are ready to give an inch, and seem raring for a fight, says Upasna Pandey
'The entire government-owned banking system (excluding SBI) is now in the red.' 'But worse is to come,' warns T N Ninan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Investors were stuck in old schemes though they were suspended because of tax implications.
Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.
Asked if Ganguly would be cornered at the meeting, he laughed and cited an example.
The Japanese auto major says the ban has made it difficult to launch new products or commit fresh investments
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Buy shares of a good profitable, successful business, hold on for inordinately long periods of time, and live off the dividends. You will surely get wealthy in the long run.
Market cap of government companies has remained unchanged in the past 8 years.
The armed forces are facing a shortage of over 52,000 soldiers with the Army topping the list with over 21,000 vacant posts, the government said on Wednesday.
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
Don't bet everything you have, Lemon Tree's Patu Keswani tells Pavan Lall.
No Indian auto brand (including Tata or Mahindra) is well-known globally.
Indian CEOs might like to make some serious course correction.
Typically these are high-beta stocks and earnings are volatile
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
In similarly-worded notices of attachment dated October 17, Sebi asked 11 banks, including ICICI Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Indian Overseas Bank and Standard Chartered Bank, to attach the accounts of the three individuals.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Move aimed at avoiding crowding of public issues during the Centre's mega disinvestments in coming months.
'Gone too soon, Astad, but I know whenever we meet in that world beyond, I will watch you dance.' Swarupa Dutt remembers a remarkable human being and a magnificent performer who left the world poorer when he passed into the ages on Thursday.
The rise in India Inc's market value was led by asset-light firms.
Chief Minister Arvind Kejriwal on Tuesday gave deadline of one week to them to address the problem of outages saying government will not hesitate to cancel their licenses if they fail to comply with the directive.
