Many firms have asked those joining on April 1 to delay their on-boarding by 2-3 months. The outlook for the airline, tourism, hotel, and media industries is bleak too.
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
Sri Lankan national Priyantha Kumara Diyawadana, who was lynched by a mob in Pakistan's Punjab province over allegations of blasphemy last week, was buried according to Buddhist and Catholic rites at Ganemulla, a suburb north of Colombo, on Wednesday.
The Delhi-based airline currently has 13 Airbus A320 aircraft in the fleet and it plans to take another seven (A320 Neo) planes by June 2018.
'With a less than comely bride and no dowry to speak of, the prospects of landing a good match look bleak, a grim, sinister and no-nonsense prospective father-in-law notwithstanding,' says Anjuli Bhargava.
A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
South Africa has lifted overnight curfew rules that were first imposed nearly two years ago, with officials saying the country may have passed the peak of its fourth wave of COVID-19 infections, offering hope to other nations facing a surge in cases fuelled by the fast-moving Omicron variant.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles.
A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports, which is 1.2 per cent higher than the 23,117 operated during the previous winter schedule.
While the automobile industry outrightly said no to Chidambaram's plea, the aviation sector largely remained non-committal.
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
Vistara launched first flight from Hyderabad to New Delhi on Sunday.
The airline has proposed to raise authorised share capital to Rs 2,200 crore. This would comprise Rs 680 crore of equity capital and Rs 1,520 crore of preference share capital.
Tony Tyler, director general and chief executive officer of the International Air Transport Association, a global industry trade body, says the European Union-Emission Trading Scheme is a regional programme, which cannot be imposed on the rest of ther world.
Modi's critics will say that he has put up cement and steel structures, but weakened the institutions of governance whereas Nehru strengthened them, observes T N Ninan.
IndiGo will seek board approval for Dutta's appointment soon. Till then, promoter Rahul Bhatia will continue to act as interim CEO.
'The world over, everybody is asking for the same medicines, same APIs, same KSMs.' 'However, there is just one supplier -- China -- for the entire world.'
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
The Competition Commission of India (CCI) on Tuesday said that the proposed additional stake buy in United Breweries (UB) by Dutch major Heineken does not raise any competition concerns, effectively clearing the deal. In its order, the CCI said, "It is submitted that the proposed transaction does not give rise to competition concerns regardless of delineation of the relevant market for the purpose of this filing." UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev.
Stock market investments are always said to involve risks and people who made big fortunes often made headlines as scamsters, leading to Dalal Street always being looked at with suspicion, but Rakesh Jhunjhunwala was broadly an exception. Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a $5.8 billion fortune and earn the tag of the country's biggest individual investor, leaves behind a relatively cleaner slate, as was seen in the most common description for him -- 'India's own Warren Buffett'. Unlike names like Harshad Mehta and Ketan Parekh, whose rise in fortunes in post-liberalised India was tainted with scam links, the newest 'Big Bull' in the more-regulated market had lesser baggage on this front.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
These airports are those at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
Approval was held up due to CBI investigation into international flying permit of Tata group-owned AirAsia India.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
'Indian aviation is having a lesser number of aircraft.' 'Besides the Boeing 737 MAX, you have the A320Neos which Indigo is currently grappling with because of a lack of pilots.' 'This has led to cancellation (of flights) and therefore the prices of air tickets are on the higher side this season although generally in March ticket prices are on the lower side.'
Airports hold pride of place in the government's National Monetisation Pipeline (NMP) programme to monetise public assets. Private airport operators, including the Adani group, Fairfax, GMR and Zurich Airport, are expected to evince interest in the next round of public private partnership (PPP) development of state-owned Airport Authority of India (AAI) airports. Industry analysts, however, do not expect bids to be as high as the last round, which saw Adani group gain control of six airports.
Domestic air traffic clocked slowest growth in 4 years on high fares and flight cancellations.
These companies have survived bankruptcies.
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
The operations at the country's second busiest airport had witnessed heavy disruptions on Wednesday as rains crippled the city.
"By the time this fiscal year ends and then next one starts and unless someone does a harakiri in lowering their fare, we see a good scenario beginning April onwards," Boeing India president Dinesh Keskar told PTI in an interview.
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
At risk of entrenched rough times are sectors like hospitality and those with discretionary spends.
Majority of India's international routes have been captured by foreign airlines.
Ajit Singh represented a bridge between a constituency that represented a more traditional era in politics and a modern, forward-looking, India, remembers Aditi Phadnis.
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
The airlines were penalised for 'concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.'
