Pranab's earlier fear of Sonia relying too heavily on a coterie due to her lack of experience turned out to be unfounded. As per Pranab, Sonia had her close advisers but she did not follow anyone's advice blindly. A fascinating excerpt from Sharmistha Mukherjee's Pranab, My Father: A Daughter Remembers.
Ajay Singh is trying hard to turnaround SpiceJet.
'India is a high-cost market but that is man-made. The government can change that with a stroke of the pen.'
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
The airline not to be put on cash and carry mode
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
Concerned about the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
The panel will be asked to give report by March-April next year.
Carmakers fear an increase of Rs 35,000-40,000 per vehicle for safety equipments.
Today, Suzuki depends on Maruti for its place in the world
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Civil aviation ministry to monitor flash sales and discount schemes: Source
According to sources, Vistara was looking at commencing operations on Oct 15 to commemorate J R D Tata's flight from Karachi to Mumbai on the same date in 1932.
Currency depreciation also hits earnings of all domestic carriers
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
Seattle-based Amazon had considered debuting drone delivery services in Mumbai and Bangalore by Diwali this year
The CMD's focus on raising employee morale and cutting costs is paying off. The airline's operating losses have shrunk and earnings are looking up
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