Average airfares stay 10-15pc high, more on non-metro routes
New Delhi, April 21 : Airfares on domestic routes, especially those connecting non-metro cities, remain high with suspension of Jet Airways flights. The average ticket prices have gone up in the range of 10-15 per cent across various sectors even as airlines like SpiceJet and IndiGo have mounted additional capacity.
Jet Airways employees considered taking over airline: NAG
Chennai, April 21 : Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning around the the financially crippled company, a senior official of the National Aviators Guild (NAG) said on Sunday.
'PPP model of urban waste management needs USD 5 bn/year'
New Delhi, April 21 : The implementation of municipal solid waste management (MSWM) through the Public-Private Partnership (PPP) model in Indian cities will require the investment of USD 5 billion (around Rs 34,695 crore) per year, a joint report by industry chamber Assocham and British advisory multinational Ernst and Young (EY) said on Sunday.
Jaypee Infra buyout race picks up with Adani, NBCC bids
New Delhi, April 21 : As the May 6 deadline approaches to resolve the Jaypee Infratech Ltd (JIL) insolvency case, the battle to acquire the debt-laden company has become more intense with NBCC submitting a fresh bid on April 24 and the Adani Group also entering the fray.
Private carriers in India have come crashing down
New Delhi, April 21 : Aviation in India has attracted entrepreneurs like moths to a flame but only a few have managed to survive and thrive in a sector which has become the graveyard of all kinds of airline business models -- budget, full service and hybrid.
FIIs lap up bank equities in election season
Mumbai, April 21 : With the general elections underway and with all its associated volatility in full play, foreign institution investors (FIIs) have lapped up the banking stocks to strengthen their position in the market and maximise trading gains in this election season.
Markets continue gains but cautious strategy advisable (Insight - Market Watch)
Markets were on a roll last week and gained on two of the three trading days. The benchmark indices also hit new highs on Tuesday and Thursday and saw profit taking on Thursday before a long-extended weekend holiday set in. The undercurrent remains strong and the tussle between the bulls and bears is deeply set in. Nothing is going to end in a jiffy for sure. Full Story
Stressed power resolution comes to a standstill
New Delhi, April 21 : The resolution of 40,000 MW of stressed power projects has come to a standstill with lenders turning reluctant to engage with investors in the absence of fresh directions from the Reserve Bank of India and regulatory overreach that has made lowering of tariff mandatory from projects being sold at lower valuations.
'DRT on cards if Jet's stake sale process fails'
New Delhi, April 21 : Even as Jet Airway's lenders are confident of selling their stake in the temporarily grounded airline, they have prepared a contingency plan which includes taking the company to Debt Recovery Tribunal (DRT), sources said.
Balanced approach essential on foreign currency debt
Recent news about an increase in Indian corporates and state entities issuing dollar bonds is welcome news, especially since it clearly shows investor appetite for lending to credible Indian business models. However, relatively easy liquidity and high investor appetite for lending in the international markets must be tempered by the fact that borrowing in foreign currencies is beneficial for businesses with certain specific balance sheet structures. Full Story
Protect sunglasses with eyewear insurance from Bajaj Finserv
Pune April 20 : Summer is the perfect time to sport the latest sunglasses or eyeglasses trending in the market. You may also want to get lenses that cancel blue light or those that have an anti-glare filter. If you're a sports enthusiast or spend a lot of time outdoors, you can consider getting lenses that are scratch-resistant. Full Story