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KM Birla's worst fear about Vodafone Idea may be coming true

Analysts see the sector rapidly evolving into a private duopoly of Airtel and Jio over the next 9-12 months.
The Economic Times

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INDIAN AIRLINES

After Market: Titan shines in sea of red; banks, airline, paint stocks hit hardest; 100 stocks flash ‘sell’ signals

Titan was among the only two stocks in the Sensex pack that ended the day in green.

SpiceJet loss widens 'due to new accounting norms'

The private carrier's losses widened despite it posting a 52% increase in second quarter o...

Plumes of uncertainty, hopes of connectivity dot Indian aviation space

After surging over 18 per cent in 2018, domestic air passenger growth ...

ET Prime Distribution
  • International Air Transport Association (IATA) chief economist Brian Pearce said that the problem of capacity is set increase in calendar year 2020. While lower fares have made flying affordable in India, airlines have started to complain about excess capacity in the market that is leading to lower fares for passengers, impacting the bottom line of airlines.

    A group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in London. Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.

    Gangwal also wants to remove an article that prevents either of the co-founders from buying publicly-listed shares in InterGlobe and potentially triggering an open offer for the rest of the company.

    Airbus' A220, with the largest and quietest cabin in its class, offers a wide-body passenger comfort in a single-aisle aircraft, a press statement by Airbus said. A220 incorporates state-of-the-art technologies, the latest aerodynamic design and new generation engines resulting in fuel savings of 20 per cent, the aircraft manufacturer added.

    The National Company Law Tribunal (NCLT) also directed Indian Overseas Bank, which filed applications at the tribunal for exemption from payment as they are under Prompt Corrective Action (PCA) restriction to approach the government authorities concerned in this regard.

    EoI inviting bids for 100% stake sale are likely to be floated either this month-end or next month. Bidding for the national carrier, which is sitting on a debt pile of around Rs 58,000 cr, will be carried out through a newly developed e-bidding system.

    Raisina Dialogue 2020 to be held here between January 14 and 16 promises to be a mega show amid presence of foreign ministers from across the globe.

    Under the provisions of the OCI card, those below 20 years and above 50 years need to renew their OCI card every time they have their passport renewed. Though this provision had been there for the past several years, it's only now that at the instructions of the Indian home ministry that it was being strictly enforced by international airlines.

    Banks wrote off $39 billion loans in 18 months as they battled the world’s worst bad debt pile.

    Besides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd.

    The Delhi-based airline had in August this year extended its codeshare pact with Singapore Airlines and its regional arm SilkAir to international routes as well besides for domestic flights, which is in place since 2017.

    The conglomerate submitted the EOI after several extensions of the deadline to submit one. The conglomerate had last time submitted an expression of interest in August after the August 10 deadline set by the resolution professional running the bid process. The group hasn’t, according to people in the know, submitted a binding bid for the airline.

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