Of the 48 flights, which are not being operated as part of the curtailed schedule, 42 are of IndiGo and six of GoAir.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
The DGCA cracked the whip after an IndiGo flight bound for Lucknow returned to Ahmedabad within 40 minutes of its getting airborne due to a mid-air engine failure.
Companies across the sector are restructuring payrolls of crew, cutting allowances, and extending leave without pay duration as they realise they will have more aircraft and employees compared to customers.
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.
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.
Domestic air traffic logged 14.35 per cent growth in November as compared to the corresponding period last year propelled by the festive season rush.
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
The statements on Joshimath are creating confusion not only among affected residents but also among citizens of the country.
The Parsi community runs India's respected corporate houses like the Tata, Wadia and Godrej groups.
But their reign has been tumultuous as the company has seen compelling battles for ownership.
Non-metro routes get 73 per cent of its flyers -- a factor that has earned it double-digit share with only 19 planes.
Domestic airlines may increase foreign flight frequencies
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones took over cameras and batteries were tucked away in remotes and wall clocks that hardly needed frequent call-ups. The result: Brand Eveready lost mind space. And the company's attempt to stick to the on-ground marketing activities didn't quite help. But Eveready, now at the cusp of change, is putting things right - a new Give Me Red television commercial has been launched after a gap of 7 years featuring an empowered bride ski-diving to her wedding venue. The creative, according to Eveready sources, is in sync with the brand doctrine.
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
Dispute over competing investments may carry on.
According to Wadia, the (then) State of Bombay took over the property, because Jinnah's sister Fatima was the trustee of Jinnah's will, and had been declared an evacuee (those who migrated to Pakistan post-partition) in 1949.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
At the devastated Tapovan power project site rescuers worked nonstop even as the odds of finding the trapped workers alive seemed slim.
Punjab Kings head coach Anil Kumble was extremely satisfied with the new players, including Liam Livingstone and Odean Smith, coming to his franchise during the IPL 2022 Player Auction, the dynamics of which were "very different and challenging".
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
Bombay Dyeing is betting on creating a range of unique, customised textile products, a route that is largely unexplored by the home textiles players although several industry reports and consumer behavior studies have talked about the potential for personalisation.
The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.
BCCI president Sourav Ganguly on Saturday made it clear that the 13th edition of IPL will be a truncated one if the coronavirus pandemic subsides but could not commit on the number of matches under the current circumstances. The BCCI on Friday suspended the IPL from March 29 to April 15 due to government-imposed travel restrictions and refusal of three states to host any matches owing to the pandemic that has so far claimed more than 5000 lives and infected close to 1,50,000 people globally.
Zinta has denied a story that Ness Wadia's bodyguards beat up labourers in her building.
KPH Dream Cricket Pvt Ltd, the owners and promoter of the IPL franchise Kings XI Punjab, has filed a criminal complaint against its title sponsor, NVD Solar Ltd and its officials, for "cheating and duping" them of around Rs 14 crore which they were supposed to pay it as per the contract.
The firm, which traces its origin back to 1862 in a humble Kolkata bakery and its subsequent listing on the bourses in 1918, says that it now wants to grow "substantially" and not just rest on its laurels.
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
Traders' body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc, including Ratan Tata, Azim Premji, Gautam Adani, Ajay Piramal, Anand Mahindra and Sunil Bharti Mittal seeking their support in its campaign to boycott Chinese goods. The Confederation of All India Traders (CAIT) also urged Kumar Mangalam Birla, Vikram Kirloskar, Rahul Bajaj, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia, Madhukar Parekh, Harsh Mariwala, Satish Reddy and Pankaj Patel, among other prominent industrialists, to join its 'Bhartiya Samaan-Humaara Abhimaan' campaign.
A group of youngsters recently organised a workshop in Mumbai with the aim of understanding partition without any preconceived notions. Ria Mirchandani, Zara Rustomji, Kunal Mehta, Niyati Mahimtura, Raghav Sawhney and Shawn Wadia sought to separate myth from reality and leave behind the prejudices attached to the traumatic period by organising such a workshop.The event was kickstarted by a skit where the students dressed up like various prominent leaders of that era.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.
Gilchrist made the comments after the IPL governing council proposed to have a dedicated "no-ball" umpire to reduce the number of howlers in the lucrative league.
It will take legal action against French food giant Group Danone, for nauthorised use of the Tiger biscuit brand in other countries.
The one common theme across companies that have rewarded shareholders is consumption.
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