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.
For loan amounts lesser then Rs 25 lakhs, the interest rate should be lower and should scale up as the loan amount goes higher.
While Bhasin will be getting provident fund money and gratuity, he would not be getting leave encashment for 420 days, medical reimbursement for himself and wife, free passes for himself and wife, and holiday home facilities.
CVC K V Chowdary and Vigilance Commissioner T M Bhasin completed their tenure at the anti-graft body on Sunday and Monday respectively.
Clearly, the domestic market has taken sharp knocks in April, which is likely to be visible in May as well, said analysts tracking the market, as FMCG companies are grappling with improving capacity utilisation and dealing with labour shortage.
There were about 290 bandhs, blockades called by numerous organisations during fiscal 2012-13.
Many from this small lender have made it to other bank boards over the past 5 years
The candidate will be expected to have at least two to three years of remaining service.
The company also has plans to set up a 1.4 million tonnes per annum alumina refinery in Andhra Pradesh.
Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
The Railways launched the Google's free Wi-Fi service at Vijayawada, Kachiguda and Raipur stations.
At a press conference, the NBCC CMD defended the move, saying it is a sacrifice that one has to make for development and they would be compensating by increasing the green cover 15 times.
The farmers have agreed to call off their agitation.
The expert committee sought more information from Serum Institute regarding the Oxford-AstraZeneca vaccine.
The development comes four days ahead of the launch of a training programme for pilots to fly the Boeing 787 Dreamliners.
In his address to the nation from Red Fort on Independence Day, Prime Minister Modi had given a clarion call to free India from single-use plastic.
CMD designate says company will do everything to meet the presidential directive.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Air India Chairman and Managing Director Arvind Jadhav, has finally looked towards his employees for suggestions after trying many consultants in the past for reviving the debt-ridden state-run carrier.
Lawyer of both the accused, asserted that CBI's case against both his clients was merely on the basis of recorded conversations allegedly intercepted by the agency.
The US-India Business Council (USIBC) in coordination with the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce & Industry (Ficci) is preparing a list of invitees for the business summit to be addressed by visiting US President Barack Obama.
Bankers' committee suggests banks lend to meritorious students without collateral.
Under the deal, Russia will provide design, technology know how and key materials to GSL for construction of the ships in India.
We are upbeat on the opportunities in India, says Vikram Kirloskar.
There's a long way to go before human beings are replaced by machines -- in banks at least.
Expect rate rise pause, amid market expectations to the contrary.
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
The bank is targeting a total network of 3,000 branches and business of Rs. 4 lakh crore in the next three years.
The government has relaxed the norms for appointment to top jobs at public sector banks.
India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.
National carrier Air India on Monday said it flew the "world's longest" all-women operated and supported flight from New Delhi to San Francisco.
The exercise, which will come into effect from July 15, would also see shuffling of eight general manager level and three deputy general manager level officers, airline sources said.
India's biotechnology industry is pushing the government for fiscal incentives, import duty exemption and correction of policy that gives MNCs higher drug prices than "desi" producers, ahead of the Union budget.
The nominations committee of the board had earlier recommended Kamath's induction as an additional director. Kamath, at the end of April 2009, stepped down as CMD of ICICI Bank and is now the non-executive chairman.
State-run Central Bank of India on Thursday said Reserve Bank of India's credit policy initiative has increased pressure on interest rates.
Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of demand following the world's biggest lockdown.
Civil Aviation Minister Vayalar Ravi said the government was considering extending financial support to Air India.
The government gave clearance to five global and five Indian players that have made a commitment to a production value of 12.5-trillion phones in five years under the Production Linked Incentive scheme.
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
The service has been launched in partnership with transmission solutions firm Sterlite Technologies.
