Jet has made the stock markets reasonably happy too. Its share price has risen 27% in the last twelve months and 47% in the last six months.
GVK is among the most indebted infrastructure conglomerates in India. Net group debt at the end of FY15 stood at Rs 26,500 crore.
Tata didn't name any airline in his statement. But the incumbents include Go Air, SpiceJet, IndiGo and Jet Airways which voice their dissent through the FIA.
"With effect from March 1, 2016, Jet Airways will launch a sixth daily frequency from Mumbai to Dubai," India's second biggest airline said in a statement.
In a bid to fight pollution, Mumbai's municipal corporation proposes ceiling on vehicle registration
The Brihanmumbai Municipal Corporation (BMC) has proposed a radical overhaul of Mumbai’s vehicle usage to combat rising pollution in the Maximum City.
Cash-strapped ship builder ABG Shipyard will likely close the deal for a 51% stake sale by the end of this financial year, its managing director and CEO said.
Credit rating agency ICRA, an affiliate of Moody's, has assigned an investment grade rating (BBB-) to Jet Airways, the airline said.
The airline is one of the first beneficiaries of a rule change in 2012, which allowed foreign airlines to take up to a 49% stake in their Indian carriers.
Recently, Boeing signed a framework agreement with Tata Advanced Systems Limited (TASL) to collaborate in aerospace and defense manufacturing.
The Ministry of Defence has identified about 25 projects in the Make In India initiative and will open them up to the industry for participation.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon