economy

Ad spending growth in UK hits three-year low

by Paul Joseph January 14, 2016 Featured

A net balance of 0.5 per cent of companies increased their advertising budgets in the December quarter, compared with 4.4 per cent in the previous quarter and 6.1 per cent in the same period the year …

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Air India targets an operating profit, sees 7.75% growth in FY16 revenue

by Paul Joseph December 4, 2015 Featured

National flag carrier Air India is targeting an operating profit of Rs6.20 crore as per the budget estimates of financial year 2015-16, on the back of falling oil prices, its first in several years…

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Etihad explores areas of cooperation to support Maharashtra’s economy

by Paul Joseph August 17, 2015 Featured

Etihad Airways’ president and chief executive James Hogan recently met Maharashtra chief minister Devendra Fadnavis to identify areas of mutual interest as the Abu Dhabi-based carrier expands opera…

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SpiceJet, Jet Airways and Indigo announce Rs999 monsoon fares

by Paul Joseph July 29, 2015 Featured

Three domestic airlines, including SpiceJet, Jet Airways and IndiGo, have come out with discounted fares for the monsoon season. The airlines are offering airfares as low as Rs999 for the economy c…

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Patent for flight seating plan to help budget carriers squeeze in more flyers

by Paul Joseph July 11, 2015 Featured

If fliers thought budget flights could not get any more cramped, there is news for them. Things could get worse, thanks to a patent filed by industry supplier Zodiac Seats France, which pro…

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Ola acquires TaxiForSure

by Paul Joseph March 3, 2015 Featured

Ola (formerly Olacabs), India’s largest taxi aggregator, has acquired rival TaxiForSure in $200 million cash and equity deal. TaxiForSure is the country’s second-largest cab aggregator. Afte…

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Airlines to post 26% surge in 2015 profits on falling oil prices: IATA

by Paul Joseph December 11, 2014 Featured

The cumulative net profit estimate of airlines in 2014 has been raised to $19.9 billion from $18 billion in June, and is forecast to rise another 26 per cent to $25 billion in 2015

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Jet Airways to launch Gulf services from Kochi, Kozhikode and Thiruvananthapuram

by Paul Joseph September 24, 2014 Featured

Jet Airways, which last week introduced a fifth daily flight between Mumbai and Dubai, is all set to further enhance connectivity to West Asia with the introduction of a new direct flight from Koch…

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Mumbai airport PPP model favoured private operator: CAG

by Paul Joseph July 18, 2014 Featured

The public-private partnership (PPP) model for the Mumbai airport was heavily loaded in favour of the private airport operator and the aviation ministry failed to properly transfer risks to the pri…

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ICRA shares surge upon Moody?s majority stake acquisition

by Paul Joseph June 20, 2014 Featured

Indian rating agencies have been drawing interest from foreign rating agencies as well as PE investors, as they are an indirect bet on the growth in the nascent Indian corporate bond marke

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