This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
One reason is that airlines have ramped up capacity and expanded their presence in tier-II markets. The first of a three-part series analyses how the aviation industry is an outlier in the midst of an overall economic slowdown.
Vistara launched first flight from Hyderabad to New Delhi on Sunday.
The country's fourth budget carrier has also announced the addition of Kochi to its existing network from July 20.
Airfares in Indian market are unsustainable, says a senior Boeing official.
Vistara has a three-class configuration with business, premium economy and economy cabins.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
An overriding ambition to rule the domestic skies prevented Jet Airways from becoming a strong and formidable player in the international market. The Sahara buy added to the complexity of its operations and a dilution of what the airline stood for, says Anjuli Bhargava.
There could be a fare war in the Indian skies to beat competition from Vistara.
TCS has acquired Singapore Airlines' 51 per cent stake in Aviation Software Development Consultancy India Ltd for Rs 14.02 crore.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
Following the entry of Tata-SIA and AirAsia into the Indian aviation market, the domestic aviation industry is seeing increased interest from private entities.
Currently airline flies thrice daily flight between Delhi-Mumbai
AirAsia India on Monday moved closer to getting off the ground by appointing S Ramadorai as its Chairman, ending months-long suspense and having in place the entire top management team.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
While the Indian Institute of Technology (IIT) Kanpur may have attracted among the highest donations by an individual (former student and IndiGo Airlines co-founder Rakesh Gangwal) at Rs 100 crore last week, IITs have largely seen such contributions rise over recent years, despite the Covid pandemic. According to Mahesh Panchagnula, dean, Alumni and Corporate Relations, IIT Madras, in the last five years, the premier institute has raised more than Rs 135 crore under the endowment category of education alone. Despite the pandemic, there has been an increasing trend in endowment funding received at IIT Madras, with an average increase of about 20 per cent year-on-year across the last five years.
Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave. However, the government is confident of wrapping up the sale of the two companies by FY22 and meeting the disinvestment target of Rs 1.75 trillion. This will be achieved by sale of government stake in core and non-core public sector undertakings (PSUs).
Vistara CEO Phee Teik Yeoh discusses the airline's expansion plans and challenges with Alnoor Peermohamed.
The airline, which is slated to get its first Airbus A-320 soon, had earlier announced plans to start operations in October.
Anjuli Bhargava's musings on why the national carrier is well beyond a turnaround.
Tata-SIA will kick off with full-service domestic operations.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
On Mody's death, Tata on Friday said, "Russi Mody was an institution at Tata Steel. Under his leadership, the company grew significantly and he instituted many human resource initiatives.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
Tha airline launches maiden flight to Goa; will begin service to Chennai on June 19.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
Interestingly, the full service carrier's launch coincides with the concluding day of the the Pravasi Bharatiya Divas celebrations scheduled to be held in Gujarat's capital city Gandhinagar, near Ahmedabad, from January 7 to January 9.
The Federation of Indian Airlines had challenged the aviation regulator's decision this week to issue an operating permit to AirAsia India.
Vistara announced the new fare model giving its economy class customers the choice to forego complimentary meal for a ticket price which is Rs 500-1000 cheaper than the standard fare.
Vistara was launched on January 9.
'Since the government will not hold any significant stake in the airline this time, such restrictions are not required anymore.'
BJP leader Subramanian Swamy on Friday moved the Delhi High Court seeking an order restraining the Centre from granting any approval to AirAsia for its operations in India.
The airline will launch an additional daily flight on the Mumbai-Ahmedabad and Delhi-Ahmedabad routes during the period.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
Ajit Singh says will seek cabinet nod to scrap 5-year, 20 aircraft rule.
Vistara is keen to take to global skies.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
Tata-SIA joint venture carrier Vistara on Friday announced scaling up of operations and said it plans to operate 164 flights per week.
Options include fresh capital infusion by the management and/or some new investors.
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