Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs).
Broadcasting and digital companies are ready to join the country's biggest ever auction of sports rights next year.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Newly launched Vistara has a passenger load factor of 55% in the busy Delhi-Mumbai sector, compared with 80-85% in other airlines.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
India ranks 83, among 166 countries, in spending on mobile rates
This was good enough for Fernandes to hire Chandilya to lead his India business.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Rahul Khullar, Trai chairman beleives politicians and corporates who own media houses should give freedom to editors.
Govt moves to bring in more clarity on definition of 'control'.
Tata said that their exposure in the airline was merely a "financial investment", does not represent a major re-entry into the airlines business.
It is not often that the head of a regulator is removed by the nodal ministry, even after the Appointments Committee of the Cabinet (ACC), headed by the prime minister, clears an extension.
The government has decided to consult allies like the Trinamool Congress and the Dravida Munnetra Kazhagam before any resolution on extending the ambit of FDI to aviation by allowing foreign carriers to buy stakes in Indian ones.
Two of the largest airlines, Jet Airways and Air India, have decided to stop absorbing the surcharge on payments by agents made through credit cards.
The airline operates flights to eight international destinations: London, Dubai, Colombo, Singapore, Bangkok, Hong Kong, Kathm-andu and Dhaka.
Airlines to nearly double bilateral utilisation to 40% from April
This reduction is likely to increase the average load factor, currently around 75 per cent, and the yields thereby.
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