industry

Airlines want cash to carry stranded Kingfisher passengers

by Paul Joseph February 22, 2012 Featured

Sanjay Aggarwal, chief executive of Kingfisher, said after a meeting with aviation officials that flight cancellations would continue to occur for at least five to seven more days before operations ar…

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Alibaba Group to take Alibaba.com private for $2.5 billion

by Paul Joseph February 22, 2012 Featured

Chinaq’s Alibaba Group Holding Ltd, controlled by billionaire Jack Ma, yesterday offered HK$19.6 billion ($2.5 billion) to privatise its Hong Kong-listed unit Alibaba.com Ltd, China’s biggest e-com…

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No cash bailout for Kingfisher just yet

by Paul Joseph February 22, 2012 Featured

Reports that the airline?s lenders have agreed to pump in more cash seem premature; but it is likely that the fast-sinking Kingfisher Air will get some sort of bailout soon

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Kingfisher to provide revised flight schedule by tomorrow

by Paul Joseph February 21, 2012 Featured

Kingfisher Airlines has been given time till tomorrow by the Directorate General of Civil Aviation to revise its flight schedule

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Direct import of ATF may become a reality soon

by Paul Joseph February 18, 2012 Featured

The ministry of civil aviation on Wednesday moved the commerce ministry asking it to take steps to facilitate direct import of aircraft turbine fuel (ATF) by Indian carriers. An empowered gr…

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Shanghai launches $7.9-bn fund to aid overseas acquisitions in yuan

by Paul Joseph February 17, 2012 Featured

The provincial government of Shanghai has launched a $7.9 billion fund to aid Chinese companies to make overseas acquisitions as part of Beijing?s plan to internationalise the yuan

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Twitter launches service to buy and place ads

by Paul Joseph February 17, 2012 Featured

Twitter Inc yesterday formally launched a service that would allow small businesses to buy and place ads on the online messaging platform. The company, which has for years sought ways to boo…

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Jet Air seeks government aid for more loans, fuel credit

by Paul Joseph February 15, 2012 Featured

Jet Airways, India’s largest private airline, has sought a bailout from the government in terms of facilitating working capital loans from banks and extending the fuel credit period granted by the …

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Tata-Pepsi JV NourishCo launches enriched water

by Paul Joseph February 9, 2012 Featured

Tata Global Beverages Ltd, which sells Tetley Tea and Eight O’Clock coffee, and the Indian arm of soft drinks major PepsiCo Inc, today launched a new product of their joint venture NourishCo Bevera…

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Maaza?s new commercial extols the brand as the real experience

by Paul Joseph February 8, 2012 Featured

Mango lovers across the country can now satisfy their tastebuds for mangoes throughout the year with a new variant of the juicy fruit, the new, Maaza. Coca-Cola’s non-aerated mango juice Ma…

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