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Airlines cancel flights to Assam amid ongoing unrest over Citizenship Bill
All airlines have cancelled or rescheduled their flights to Assam which is seeing a violent unrest against the passage of Citizenship (Amendment) Bill 2019 by the Parliament. The airlines - Vistara, GoAir, Spicejet and IndiGo - are giving full refund to the passengers who can also opt for an alternate flight without any charge.
SpiceJet may gain from IndiGo’s move to cut capacity addition
Indi-Go's cut in its incremental capacity by 2-3 per cent reduces the industry'...
BookMyShow parent’s loss narrows, topline rises
Revenue rose by more than 52% to cross Rs 619 crore for fiscal 2019, up from Rs 406.09 crore ...
Travel portal HappyEasyGo raises Rs 350 crore
The company, promoted by Boris Zha, a Singaporean national, raised the funds from Korea Investment Partners (KIP), SamsungVenture Investment Corporation (SVIC), UOB Venture, 10 Fund, CVCapital, Zero2IPO Ventures and M&S Partners among others.
Reliance stock could double over the next four years: Chakri Lokapriya
CSB Bank valuation can sustain at 2.6-2.7 times; Ujjivan to jump on listing day
SpiceJet, Emirates sign codeshare agreement
While passengers of Emirates will be able to access the SpiceJet network first from early 2020, SpiceJet passengers travelling from India to Dubai will also be able to access Emirates' expansive network later, opening up multiple international connections for them.
BookMyShow separates SE Asia Arm
Parent BigTree Entertainment is in the process of closing new $100 million round with Goldman Sachs.
SpiceJet CMD Ajay Singh blames IndiGo for below-cost fares
While constantly complaining of ultra high operating cost — fuel for domestic flights being costliest in India — and fares that do not cover costs leading to losses, all big and emerging Indian carriers (except divestment-bound Air India) are adding planes at a furious pace. Then to fill them up, they offer low fares.
SpiceJet plans to operate wide-body planes next year
An industry source said that SpiceJet might bid for Air India's wide-body operations in case the government puts up domestic and international operations for sale separately. Currently, SpiceJet operates only Boeing and Bombardier planes.
Jungle Ventures makes undisclosed investment in BookMyShow’s Southeast Asia business
With this investment, BookMyShow SEA aims to expand its geographic footprint across the Southeast Asian market. BookMyShow entered Indonesia in mid-2016 expanding operations to other countries in the region including Singapore and Malaysia this year.
‘Small-ticket’ model helps Bajaj Finance make it big
Bajaj Finance is known in the nonbank lending industry for its customer-profiling algorithms.
Overcapacity in skies pulls down fares, hurts airlines’ bottomline
Airlines seem to be in a doom loop, with excess capacity and not enough places to fly aircraft profitably.
ET Explains: The long and short of Modi govt's big-ticket privatisation drive
The move to privatise some of these big state-run firms reinforces Modi govt's reform credentials.
Flyers stuck at airport have right to free food, stay
National Consumer Disputes Redressal Commission noted that passengers have "the right to food, refreshment and accommodation" when they are stuck at the airport waiting for their flight.
Convenience fee on internet ticketing, catering drove IRCTC top line growth in H1: MP Mall
New products will give really good dividend two-three years down.
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