The airlines are coming back to your door with a zero basic fare deal once again to give some upward shift to their businesses. An online search result for a Saturday evening Mumbai to Delhi [...]
Airlines
With the government and Vijay Mallya exploring options for allowing Foreign Direct Investment in the aviation sector, there is information that Mallya had started preliminary negotiations with Air France-KLM for selling out 20-25 percent stake [...]
The two biggest private players of the Indian Aviation Industry, Kingfisher and Jet Airways, that entered into a cost-saving coalition on October 13th, have now made an announcement to send around 15 narrow-bodied aircrafts back [...]
Kingfisher Airlines’ Chairman, Vijay Mallya informed that the alliance with Jet Airways is slated to get completely operational in six months from now. He informed that though the efforts were in full swing since the [...]
Kingfisher in its moves towards the strict cost cutting measures has slashed the salaries of pilots by Rs 80000. Earlier a salary of Rs 4.3 lakh per month was provided to a Kingfisher pilot but [...]
Spice Jet, the low cost air carrier has hiked its fares by 30 to 40 percent on all major routes, because of the reason that unsustainable low tariffs were unable to stimulate demand as per [...]
The expected healthy harvesting of wheat and rice are believed to lift the limits presently imposed on the exports of the commodities. A meet to be held between the EGoM (Empowered Group of Ministers) on [...]
The Indian operations of Standard Chartered got a jump of 37 percent in profit before taxes (PBT) owing to the ‘well-being’ of whole sale banking arm. Post the rise, PBT stands at $943 million for [...]
A top official at Reliance Energy has opined that pricing the oil exploration acquisitions at $60 a barrel is fine considering that the prices are to rise by 50 percent in the coming times. According [...]
A poll of twelve analysts showed that the annual inflation rate fell to a 6.5 yr low at 3.03 percent in late February. This will be the lowest point to be reached after 19 October’02, [...]
