According to analysts, the ratio of used-car to new-car sales, currently just over 1 in India, is likely to move closer to the ratio of over 2-3 that is seen in major economies such as Germany, the UK and Brazil.
Black boxes date back to the early 1950s, when, following plane crashes, investigators were unable to arrive a conclusive cause for the accidents and deemed it necessary to install the said recorders on aircraft.
SpiceJet operates a fleet of 12 Boeing 737 MAX aircraft, while Jet Airways operates five of the Boeing's latest flagship narrowbody plane. However, Jet's planes were already grounded due to the airline's financial woes.
In India, SpiceJet and Jet Airways operate the aircraft. While all of Jet’s five 737 MAXs are grounded due to the airline’s financial woes, SpiceJet grounded the 12 aircraft in its fleet following the DGCA directive.
Two deadly crashes in a span of less than five months involving one of the most modern aircraft in the market, the Boeing 737 MAX 8, have prompted aviation authorities and airlines to draw similarities between the two incidents.
According to information sourced from business intelligence firm paper.vc and Ministry of Corporate Affairs, the board of Swiggy has amended its internal byelaws to prevent onboarding investors with stake in Uber or any of its entities.
The market has witnessed expansion of existing international brands in the country and the entry of premium formal and sportswear brands such as Berleigh, Magnanni, ASICS, Onitsuka Tiger etc,” consultancy firm RedSeer said in a research note.
To rationalise the block timings, the Airports Authority of India (AAI) — which handles the country’s air navigation systems — has put in place a mechanism to monitor actual flight time at three of the busiest airports — Delhi, Mumbai and Bengaluru.
According to data published by the Telecom Regulatory Authority of India, the country’s 4G subscriber-base has grown more than four-fold to 388 million as of end-September 2018, compared with 86.77 million as of end-December 2015.