Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
That is because Mumbai, which has no scope for further expansion, has not allowed any additional aircraft movements this winter schedule allowing only 32 flight movements per peak hour.
Vistara has accelerated fleet expansion plan from June 2018 to earlier, open to talks with Boeing as well.
'While there has been an impact on economic activity, it is not as profound as the lockdown last year.'
The turnaround of SAIL from several quarters of losses was one of the most challenging experience, said Anil Kumar Chaudhary, the outgoing chairman of the country's largest steel maker. The chairman said he also wants to see SAIL paying back at least 50 per cent of its debt in the near future. Chaudhary who had joined SAIL as a junior manager in 1984 would be superannuating from the top post on December 31, 2020 after serving the company for almost 36 years in various roles.
SpiceJet had bet its fortunes heavily on the new version of the 737 of which it has 13 planes in its fleet and another 193 aircraft on order
While the government expects the new urea policy to bring more investment, the fertiliser industry is less than enthused. New capacities to make urea, industry representatives say, will come up only if adequate fuel and timely payment of subsidy dues is ensured.
The Rs 1,808-crore modernisation and expansion plan for Chennai airport, which was recently cleared by the Public Investment Board and expected to begin this September, may not be sufficient to cope with projected growth in passenger traffic.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
While there has been no commitment from the government on the procurement of vaccines, initial volumes, or distribution plans, there is a likelihood that the low interest loans may be made available to these players only when the time to scale up manufacturing arises.
The Centre has written to states and Union Territories to immediately undertake necessary measures to include people aged 45 and above in the COVID-19 vaccination drive and stated that registration on the Co-WiN portal for the same would begin from April 1.
'Given all the linkages, the monthly registration data for new vehicles, may well be the single most accurate indicator of India's economic health,' points out Devangshu Datta.
Biden has reiterated America's support for India's permanent membership on a reformed UNSC and its entry into the NSG during his first in-person bilateral meeting with Modi at the White House.
According to sources, with this deal and some others in the anvil Reliance would be able to double its network capacity(GSM and CDMA) from 35 million lines currently.
Alliance Air, which is the largest regional airline, is currently operating 77 daily flights compared to 126 last year.
Qatar, Dubai and Sharjah want 80,000 additional seats per week as part of bilateral negotiations with India.
'Look at the aggressive way in which a campaign against Friday namaz is going on in North Indian cities.' 'Even the Union home minister is part of this vicious campaign.'
Toyota has capacity to manufacture 310,000 vehicles at its two plants located near Bengaluru
Tata Motors, India's largest car maker by revenue, is exploring the possibility of adding more models to the production line at its Sanand plant in Gujarat.
The government has used four methods to value the assets that it is looking to monetise under its Rs 6-trillion National Monetisation Pipeline (NMP). The value of the assets on the block is indicative that the government is expected to realise either in the form of upfront accruals or by the way of private sector investment, NITI Aayog said in its report. Valuations are essentially estimates, so multiple methodologies are useful to get a range, said Manish Agarwal, infrastructure expert and co-founder of AskHowIndia.org. Different valuation methodologies depend on the different assumptions that are being considered for valuing a business, he said.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
We have only rationalised the freight rates, says the minister.
MTNL has lined up Rs 1500 crore to expand GSM and broadband operations in 2008.
Till recently, iPhone production in India was limited to older models at a lower price tag. So far, Apple has localised production of five smartphone models - iPhone SE (1st Gen), 6S, 7, XR and 11.
SAIL chairman C S Verma talks about the company's slated disinvestment and future strategies.
Mega greenfield steel projects announced in the country are set to add more than 100 million ton of capacity, but land acquisition activity for only 16 million ton has begun.
After two decades, the SCO appears to be at a cross-roads with the US withdrawal from Afghanistan, asserts Srikanth Kondapalli, the leading China expert.
Fresh capital raised by companies by way of initial public offerings (IPOs) is set to hit a 14-year high, thanks mainly to Zomato's maiden offering. India Inc has raised about Rs 19,300 crore in fresh capital by maiden offerings, including the Rs 9,000 crore the food delivery company will raise this week, so far in 2021. The best year in terms of fresh fund-raise was 2007, when companies had raised Rs 32,102 crore. With Paytm planning to issue fresh shares worth Rs 12,000 crore, the domestic market looks set to surpass that tally this year.
The public issue of 39,56,808 equity shares would open on December 4 and close on December 7. The company has fixed a price band of Rs 125 to Rs 150 per equity shares to be decided through book building.
While the fresh issue portion of IPOs has been going down over the years, this financial year has been abysmally low at only Rs 2,663 crore, 82 per cent lower compared to the last financial year.
The steelmaker's India basket grew after Tata Steel completed its acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code process and its subsidiary, Tata Sponge, acquired Usha Martin.
Hyundai Vice President (sales and marketing) Arvind Saxena told reporters at the launch of Verna in Kolkata on Wednesday that the second plant, coming up near the existing one near Chennai, would go on stream in 2008.
The airline will fly the A320s between the Tier-II and Tier-III cities.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
