The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
The negotiations will be held in Mumbai on Tueday at the International Civil Aviation Negotiations Conference which will be inaugurated by President Pratibha Patil.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
Wadia group, the promoter of budget airline GoAir will invest $30 million with SIA Engineering, a subsidiary of Singapore Airlines, for maintenance, repair and overhaul services in the country.
Israel has broken its tourism record of Indian arrivals for the second consecutive year!
The next FIPB meeting slated for July 5, however, does not have a Jet proposal on its agenda.
Chief Information Commissioner R K Mathur rejected the contention of the ministry that details of the amount, reference numbers, dates of bills raised by Indian Air Force and Air India for the foreign visits undertaken by the Prime Minister are scattered across various records and files and collation of information in the manner sought by the appellant would involve searching of voluminous records by a significant number of officials.
In a major boost to private airlines, especially IndiGo and SpiceJet, the civil aviation ministry has lifted the freeze on them to expand abroad.
DIAL has filed four cases against Mallya over KFA's cheques totalling Rs 7.5 crore not being honoured.
In a series of tweets, Shah also questioned Congress leaders Sonia Gandhi and Rahul Gandhi whether they support the People's Alliance for Gupkar Declaration (PAGD), a conglomerate of regional and national political parties in Jammu and Kashmir formed to demand the restoration of the Article 370, scrapped last year.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
In what may help beleaguered airlines Kingfisher, the finance ministry has approved a draft Cabinet note floated by the commerce and industry ministry allowing foreign fliers to acquire up to 26 per cent stake in India's aviation companies.
Vistara is keen to take to global skies.
Cheering the move, shares of Jet opened the day on a bullish note and further jumped 7.26 per cent to Rs 414.70 on the Bombay Stock Exchange.
This will be the largest claim in the aviation sector for Indian insurers in the last three years
External Affairs Minister Sushma Swaraj said she had spoken to one of the clerics.
Rizvi's burial took place in Mumbai. Khushi's body was cremated at the Khaswadi crematorium in Vadodara.
As the last three months of a year form the peak season for travel and leisure holidays, the country will also witness room rates rising by 10 per cent and airlines doubling fares on popular routes.
In 2012, India attracted $22.78 billion of FDI, according to the data by Department of Industrial Policy and Promotion.
A glance back at some of the important ups and down Indian Inc faced in 2018.
During Vajpayee's tenure, he was there as an indispensable insider, witness to every action that had an impact on history: Pokhran-II (nuclear tests in 1998), the 1999 Kargil conflict between India and Pakistan, the Indo-Pak Agra Summit in 2001, intense engagement with the United States on nuclear issues besides the Kandahar hijack.
The government has imposed a service tax of 10.3 per cent on the gross value of tickets of all classes on the domestic flights and economy class on international routes.
Pakistan on Thursday refused to comment on reports that the Chilean police had arrested the brother of Jaish-e-Muhammad chief Maulana Masood Azhar, who was accused of coordinating the 1999 hijacking of an Indian Airlines plane.
Malaysia has confirmed that a piece of aircraft wreckage found on an Indian Ocean island last week is from missing flight MH370, solving the mystery of the plane that disappeared with 239 people on board more than a year ago.
Jet Airways chairman Naresh Goyal said his airlines, if given permission, would start off by flying to Southeast Asian countries.
In October, Air India had approached the government to raise $2.3 billion through external commercial borrowings as part of a plan to restructure its high-cost working capital debt of Rs 21,000 crore (Rs 210 billion).
CPI(M) on Wednesday said it has no objection to the Cabinet decision on raising FDI cap to 49 per cent in domestic private airlines but the party's concerns still remain in other areas of the civil aviation sector.
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
Domestic carriers, including newly-launched AirAsia India and regional airline Costa too have lowered their fares through these offers
A robotic mini-submarine deployed to unprecedented depths underwater to hunt for the crashed Malaysian airliner has searched nearly two-thirds of the focused area of the Indian Ocean floor, as it ended its eighth mission on Monday with still no sign of any wreckage of the plane.
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