The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
Denying any breach of merger and acquisition (M&A) norms, Aditya Birla group firm Idea Cellular on Tuesday said the company's merger with Spice Communications was approved by court and consummated with the full knowledge of the Department of Telecom.
The decision to close down Kingfisher Red was announced by airline group chief Vijay Mallya yesterday who said this was being done 'because we don't intend to compete in the low-cost segment'.
Dominic Jose understood that luxury has a new definition. It's not ostentation, but the experience that matters.
A judge on Monday dismissed David Beckham's $25 million libel lawsuit against a celebrity magazine that ran an article saying the married, British soccer star slept with a call girl.
New rules will unnecessarily make the airlines responsible for reasons beyond their control
The incident caused panic among passengers who were not allowed to exit the terminal for some time.
The Messi Experience Park, which is being launched by the five times world player of the year in collaboration with Chinese broadcaster Phoenix Group and Spanish media company Mediapro, is set to open in 2019 in the Chinese capital.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
The controversial 5/20 rule required an airline to have five years of domestic operations and 20 aircraft in its fleet to be able to fly abroad.
The losses are primarily because the venture operated only for 18 days in June, with only two flights.
AirAsia's competitors are offering more reliable services.
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
The move comes when Kingfisher remains the only listed airline in India to have made losses in the third quarter of the current financial year.
Domestic brokerage Sharekhan's last month's analysis of buy and sell transactions by mutual funds shows that the fund houses purchased stocks from sectors such as infrastructure, IT, telecom and healthcare, while offloading shares from oil and gas and banking sectors. Domestic mutual funds are lapping up the buying opportunity present in the bear gripped stock market and made net purchases worth Rs 3,179 crore (Rs 31.79 billion) in equities in June.
The other three airlines that have been probed in this matter are SpiceJet, GoAir and Air India
'Second-class citizenship would have been meaningless to a Hindu in the Mughal empire.'
It carried more than five million passengers across various sectors registering a growth of 20 per cent.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
At least seven companies, including Larsen & Toubro, i-Gate, Spice and Mahindra Group, have already submitted proposals to the board last week and the bids to be accepted till March 20. The board has already said that it has received adequate interest from both Indian and international bidders, including private equity firms.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Eyeing potential business opportunity, Boeing Corporation is planning to approach the proposed Tata-Singapore Airlines.
'If deterrence through India's conventional superiority is to be established now, then India will have to escalate to a point where its greater resources make the difference.' 'This is, to put it mildly, both difficult and dangerous and thus inadvisable,' points out Mihir S Sharma.
A day after scoring a thumping win over Bangalore, members of the King's XI Punjab team interacted with kids at the KSCA.
Inflation declined for the tenth consecutive week today to 5.24 per cent for the week ended January 3, primarily due to decline in prices of food articles.
'We flew all missions in the first part of the war at low levels; that is at 300 to 500 feet above the ground.' 'These sorties were no doubt stressful since the pilots and crew had to look out for birds and obstructions as well as enemy gunfire.'
A choppy beginning followed by flashes of good work. Strong pedigree, yet lagging behind peers. That could be actor Abhishek Bachchan or the mobile phone service he endorses, Idea Cellular. The analogy goes further. Just like Amitabh decided to step in and shore up his son's career, Idea's parent, AV Birla Group, has taken the cellular services provider by the scruff in a bid to make it one of the top three in the business.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
M E Meeran, a former wholesale dealer in provisions, is conquering the world with his Eastern brand of spices and curry powders.
The DGCA is conducting special audit of all airlines and airports which are in monsoon-affected areas in the wake of multiple landing incidents across the country.
Incumbent airlines oppose the proposal.
Most of them had to wind up operations due to high operating cost, expensive fuel and longer than expected gestation period.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
