From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
The future certainly looks good for Bangalore.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
The largest domestic carrier IndiGo is set to renew the insurance cover for its fleet this month, Air India and budget airline GoAir's insurance renewal is due for October, while that of Jet Airways is due in next January.
IndiGo which has close to 40 per cent market share, at present has 129 aircraft and operates 883 daily flights to 44 destinations. It also has around 400 aircraft on order.
Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines.
Most airlines lose 30 pilots a year. Vistara has lost only 2 in 18 months.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
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.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
This optimism is triggered by the feel-good factor in the wake of the Sensex touching record-high levels last week and a slew of discount offers by airlines to boost travel demand.
Paving the way for Air India's entry into the largest global airlines' grouping, Star Alliance today unanimously decided to recommence the national carrier's integration process that was suspended in 2011.
Etihad is the fourth airline to operate the super jumbo aircraft to India.
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
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.'
Phee Teik Yeoh, who has returned to the SIA HQ in Singapore worked hard to make Vistara the airline of choice. New CEO Leslie Thng would have the job of cutting losses while going international.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
Air India said it has also written to the Shiv Sena communicating the decision to cancel the ticket. Shiv Sena Secretary Anil Desai said that he has asked Gaikwad to change his travel plans as the party doesn't want the tensions to escalate.
The United States and the United Kingdom, citing terrorism concerns, on Tuesday barred passengers on some international flights from mostly Muslim-majority countries, from carrying large electronic devices like cameras and laptops as cabin baggage.
One hundred and ninety two passengers and crew on board three United States passenger jets had a narrow escape when their aircraft came within seconds of a midair collision at Reagan National Airport in Washington on Tuesday, a media report said on Thursday.
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
DGCA panel has proposed tests be conducted even before a candidate is inducted into a flying training institute
Marriott has the best breakfast in town. New Delhi airport has the best stores. Kishore Singh on the good, bad and worst among hotels, airports and airlines.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
The centre eyes airport-specific digital solution and ties up with start-ups to solve problem unique to BIAL
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
No respite in sight as not many big deals, initial public offerings in pipeline.
The pilot, Capt Chesley B "Sully" Sullenberger, told National Transportation Safety Board investigators on Sunday that he decided to land the plane on water as trying to reach any airport could have led to 'catastrophic consequences' if it crashed in any populated area.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
British tourists returning from Egypt told to leave luggage behind as airport security is tightened in wake of disaster in Sinai
Indigo, the largest player in the domestic aviation space, cannot afford to ignore new entrant Vistara.
State government announced ex gratia for kin of those who lost lives.
The full-service airline has faced multiple challenges in its run.
The Sensex ended lower on unfavourable cues.
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