TRENDS
Covid explosion: It’s a rerun of 2020 as countries suspend air services with India, domestic tourists stay home
Customers have been scrambling for last-minute tickets and many are chasing airlines for refunds. In the domestic market, travel agencies are seeing up to 90 percent of their customers cancelling travel plans for the summer.
TRENDS
What do Uday Kotak, Kiran Mazumdar-Shaw, Anil Naik and Harsh Mariwala have in common? This book finds out
In fact, it's a collection of six books, called Shapers of Business Institutions, penned by former Tata Sons director R Gopalakrishnan, and five academics from SP Jain Institute of Management and Research.
BUSINESS
United Airlines temporarily suspends service to Delhi; says, seeking 'clarity regarding COVID-19 travel requirement'
The airline said it had suspended April 22 flights to Delhi. Return flights to New York, San Francisco and Chicago will be impacted.
BUSINESS
Travel trade finds 2nd wave of COVID-19 more lethal for business, jobs
The second wave of the pandemic has derailed the travel industry, which was on course for full recovery. Air and train bookings are down 70% and many in the industry have shut shop and moved to other businesses like medical equipment.
BUSINESS
International travel ban: More countries may impose restrictions on India due to COVID-19 2nd wave
New Zealand, Hong Kong, the UK and the US have either banned flight services to and from India, or have advised citizens against traveling. The list may become longer.
BUSINESS
Inequity in distribution: Gujarat gets highest supply of COVID-19 vaccines vis-a-vis population; Maharashtra ranks 14th
Though Maharashtra tops in getting absolute number of vaccines, when taken in proportion to its population, it lags behind states such as Gujarat, Kerala, Chhattisgarh, Haryana and Karnataka.
COMPANIES
Explained | Why airlines want government to lower capacity cap
The second coronavirus has delivered another blow to airlines just when they were recovering from last year’s upheaval, which has prompted demands for fiscal support and measures to ensure that the pain is evenly shared by the large and small carriers.
BUSINESS
Despite pandemic, 2021 would be good for Tier II airports, say industry experts
Aviation consulting firm Caladrius Aero’s Managing Partners Rohit Tomar and Ram Shankar explain why this is a good time to develop airports in smaller cities and towns. The key, however, would be operations efficiency and debt management.
TRENDS
Boeing 737 Max re-entry to Indian skies is further delayed. But SpiceJet is not worried
The latest glitch in the troubled flight of Boeing’s most-sold aircraft means that SpiceJet, the only Indian airline that uses Max 737, will have to keep 13 of its planes mothballed. This may not be bad news as it will get compensation from the Boeing at a time when it may not need to fly them as the second wave of the pandemic has hit air travel.
BUSINESS
What prompted Tata Steel to rejoin Indian Steel Association a year after its hasty exit?
Tata Steel had exited the association after differences with other steelmakers on a contentious mines issue. Does it mean that all are on the same page now?
BUSINESS
COVID-19: Getting a jab in offices is a good idea, but where are the vaccines, ask executives
That is just one of the questions that professionals ask of the government's decision to allow companies to get their employees vaccinated at workplace
BUSINESS
Air travel bookings drop by 15% amid second wave of COVID-19, fresh restrictions
Just when corporate and personal air travel seemed poised to bounce back to pre-pandemic levels, the surge in infections and consequent restrictions imposed by states have hit lucrative routes like Mumbai-Delhi-Mumbai although flights to non-metro destinations are still doing well.
BUSINESS
IndiGo operations at Goa airport hit after staff go on strike at unit Agile Airport Services
All its departures from the airport have been rescheduled
BUSINESS
Steel prices up by up to 10 percent. And there is room for more hikes
Many of the steelmakers raised prices in April, but contend that rates are still lower than international prices and cite robust demand from the auto sector as one of the reasons. The Competition Commission of India had launched a probe in February to check if steel companies have formed a cartel. Union Transport Minister Nitin Gadkari had alleged that steel companies were indulging in cartelisation.
BUSINESS
Exclusive: Here's a peek at NRI entrepreneur Laxmi Prasad’s $1.9 billion plan for Trujet
Prasad was in the running for Air India with his Interups fund. Now, he is banking on Trujet to give wing to his aviation ambitions in India. The plan includes expanding Trujet’s fleet to over 100 aircraft from just 7 now. The Hyderabad-based airline has been operating at the fringes of the Indian aviation industry, and had a market share of 0.6 percent as of February 2021 down from 0.7 percent a year earlier.
BUSINESS
Sanjeev Gupta's "most difficult month of life" just got tougher. But the entrepreneur puts up a brave front
Citigroup has approached UK courts to file insolvency papers against Gupta's lucrative commodities business to recover money. On the other hand, the entrepreneur maintains that the Group will emerge stronger out of the crisis.
BUSINESS
JSW Steel charts 2-year plan for new buy BPSL
Much of the plans though hinge on the Supreme Court ruling on JSW Steel's petition to give it immunity from a probe by Enforcement Directorate on the former promoters of BPSL
BUSINESS
Roaming in airport without a mask, or wearing it incorrectly, can land you a fine
The fine could be as decided by the local authorities. In Delhi and Mumbai, the fine is Rs 500
BUSINESS
16 airports in tier-2, 3 and 4 towns surpass pre-COVID-19 passenger traffic
That's a progress from 14 in January. Dibrugarh, Rajkot, Dimapur and Kishangarh are the new entrants in the list. None of the airports in metros are yet to match up pre-COVID-19 numbers
BUSINESS
MC Exclusive | JSW Steel joins race for Neelachal Ispat Nigam Ltd
Tata Steel, ArcelorMittal Nippon Steel India and ESL Steel are also believed to be interested in the public sector company.
BUSINESS
In Article 75, has Supreme Court handed the advantage to Tata Sons Vs Cyrus Mistry?
The Article hands Tata Sons the first right of refusal on the 18.37 percent stake that the Shapoorji Pallonji Group owns. The two sides differ widely on the valuation of this stake.
BUSINESS
Ticket refund issue: As important deadline nears, spotlight on airlines' financial stress
As per the Supreme Court's order last year, credit shells get over on March 31, 2021. After that, airlines will have to refund tickets booked for travel during the lockdown.
BUSINESS
Luggage lost, damaged or delayed on arrival? Onus is on the airline to compensate you
Luggage is an important part of one's travel. While airlines now see an opportunity in ensuring safe passage for the bags, customers are sufficiently covered by statutes and conventions that ensure their rights.
BUSINESS
The two parts of Jeh Wadia's move to vacate MD seat at GoAir
The low-cost airline wants to become an ultra low-cost airline. And it is banking on this model to differentiate itself from peers as it heads for a possible IPO.
