Air India reported losses of Rs 1,800 crore till January this year on all international routes, according to an internal analysis.
In terms of the market share, while Jet and JetLite together cornered 22.8% of the total traffic after IndiGo’s 35.3%, SpiceJet and GoAir Air carried 12.3% and 8.1% of the total passenger traffic.
The rules will allow mobile companies to better utilise available airwaves and will help in checking call drops. The norms are also likely to push consolidation in the telecom sector.
The civilian airliner flew in from Kolkata to the Port Blair airport at 6.10 pm, fifty minutes after sunset.
This is Practo’s third a cquisition post FitHo and Genii earlier this year. It has raised $125 million in three funding rounds
The acquisition is proposed to be funded, by combination of debt and internal accruals raised by JK Tyre and other JK group entities.
The lenders to the troubled company include Dena Bank, Corporation Bank, Bank of Maharashtra, among others.
Indian low-cost airline IndiGo, posted net profit of Rs. 1,304 crore for the year ended March 31, 2015. The profit recorded by India's biggest carrier is four times its net profit in last year.
Sources said the deal was one of the most expensive real estate transactions in Mumbai, valued at nearly Rs 1.5 lakh per square foot.
Facing acute shortage of cabin staff, Air India has to hire 800 additional cabin crew this year of whom around 450 have already been inducted.
Suzuki asked component makers to reinvest profits from “plant one to set up plant two and so on."
Zomato has made a 'strategic' investment in two hyper-local delivery companies — Pickingo and Grab. It has also has up with logistics firm Delhivery.
Canadian firm acquires 6 road, 3 power projects.
SpiceJet had rolled out a scheme, offering a discount of Rs 200 to passengers who books a flight with only one handbag and no check-in baggage.
Sun Pharmaceutical is under scrutiny for having laid off hundreds of workers at the company's US-based subsidiary Caraco Pharmaceutical Labs without prior notice.
AudioCompass offers audio tour service – like a guide — for Agra Fort, Taj Mahal, Bombay Star Home Tour, Mumbai Heritage Tour, Khajuraho among other sites.
RJio is the only operator to have 20 MHz spectrum across the country’s 22 circles and later also acquired airwaves in 1800 and 800 MHz.
The 10 per cent stake sale in IOC, the fourth in this fiscal, is likely to help raise over Rs 9,500 crore based on its current share price.
SpiceJet has announced the 'Freedom to Fly' sale with more than 1 lakh seats on offer. Tickets on popular routes are starting as low as Rs 799
The company has proposed to “manufacture and sell various garments, furniture, household goods, cosmetics, stationery and other Muji brands” according to the application.
The reason why the cap needs to be looked at afresh in the case of sharing and even trading is because the two lead to more spectral efficiency
Earlier, General Motors moved from Gujarat to Maharashtra for its $1 billion investment and Foxconn announced a $5 billion investment in the state.
Aviva's UK equity team has a 4.3 per cent stake in Cairn Energy, the original owner of Cairn India and still its largest minority shareholder.
Employees seek better pay, fixed hours; MNS wing threatens to intensify stir.
Sebi directed Sahara Mutual Fund and Sahara Asset Management Company to stop accepting subscription from its existing or new investors with immediate effect.
SpiceJet, the Gurgaon-based airline, which was on the verge of closure late last year, had posted a net loss of Rs 124.1 crore in the 2014 April-June quarter.
Rajesh Exports Ltd on Monday said that it has bought Valcambi, the world’s largest gold refining company, in an all-cash deal worth $400 million.
Russian state-owned firm picks up a 51% stake in Tamil Nadu-based Gamma Tech India Private Ltd.
Meanwhile, several other firms which are subject to the anti-dumping duties on SDH and their industrial users have approached courts.
The world's 500 largest companies generated USD 31.2 trillion in revenues and USD 1.7 trillion in profits in 2014.
The steel maker's proposed USD 12 billion project at Jagatsinghpur district in Odisha for producing 12 million tonne per annum (MTPA) steel is viewed as the largest FDI in India
The three-day offer, for which the bookings start from Wednesday, however, comes with a rider, the airline said in a release.
According to the new policy, Flipkart will allow its female employees adopting a child below the age of 12 months the same benefits as under maternity leave policy.
The Ikea group is the first major single brand retailer to get FDI approval in India and plans to open several stores in Delhi NCR, Hyderabad, Karnataka and Maharashtra.
Company has recruited around 700 personnel from hospitality, aviation and financial services sectors to offer a differentiated luxury car buying experience for its ‘discerning customers’.
Both companies will now get into discussions to finalise the formation of the joint venture which will act as the prime contractor for India’s military helicopter tenders.