BUSINESS
When a bold move paid off for Jindal Aluminium in its diversification
The company investment was more than half of its topline. It worked. Now it's the second largest in aluminium flat rolled products
BUSINESS
Lower corporate tax will correct balance sheets, spur investments: Pramod Menon, Group CFO, RPG Enterprises
At RPG Enterprises, the reduced tax rate will help advance some of the capital expenditure, he said.
BUSINESS
JSW Steel raises $400 million through bond issue
The funds will be used to refinance existing loans and for some other corporate needs, said a senior executive from the industry.
BUSINESS
Thomas Cook collapse brings down the curtains on its airline
Thomas Cook Airlines used to be the preferred carrier for Britishers thronging the sunny beaches of Goa looking to avoid the harsh winters there
BUSINESS
New corporate tax rates give companies flexibility to choose between tax structures: Seshagiri Rao, JSW Steel
Depending on its capex cycle, a company can choose between existing tax rates with payment of MAT or, the reduced corporate tax.
BUSINESS
Air India bond sale success a fillip to its disinvestment
The interest, especially from international investors, is seen to be behind the success of the bond issue
BUSINESS
A record number of pilots suspended this year. Who is to be blamed?
Blaming just the pilots for the serious accidents, may not be the right approach, say industry experts
BUSINESS
No luggage! Here is what could have happened to IndiGo's Delhi-Istanbul flight
We explain how headwinds, longer flying time and the need for more fuel may have forced IndiGo to shed the luggage
BUSINESS
$660 billion Vs $36 billion. What do these numbers tell about RCEP?
As of now, the numbers seem to be stacked against India.
BUSINESS
Here is why the steel industry dreads RCEP
Countries that have free trade agreements with India account for more than half of the steel imports. The RCEP will further open the floodgates.
BUSINESS
Do Indian CEOs get ‘obscene’ salaries? Here is what we found out
On an average, the top executive of these companies took home salary that was 260.5 times the median salary of the employees
BUSINESS
Festive season brings cheer to aviation sector
Interestingly, fares for the festival season are lower when compared year-on-year. An travel industry executive said fares will continue to rise as the festival season progresses and as customers book closer to the travel date
BUSINESS
As employees gather on Jet Airways' 26th anniversary, all eyes on Friday's bid deadline
Employees’ hope lies on one of the bidders putting in a bid to revive the airline.
BUSINESS
Jet Airways employees write to SBI, offer to take over airline
In the letter, the employees promise a commitment of Rs 7,000 crore to revive the airline
BUSINESS
European unions meet Tata Steel chairman over concerns about JV with thyssenkrupp
Unions are worried that Tata Steel's units in UK may be closed down to get a EU nod for JV with thyssenkrupp
BUSINESS
Tata Steel to expand capacity in Jamshedpur
The company also plans to rejig long products faculties under one unit.
BUSINESS
IndiGo or SpiceJet: Who is winning the race to fill Jet Airways’ gap?
The two rivals from NCR have nearly matched each other's pace in adding flights. But, one has been more aggressive in adding aircraft.
BUSINESS
Nearly half of Jet Airways fleet de-registered
44 planes from Jet Airways fleet have been de-registered. Further, applications have been submitted by lessors to de-register 11 more.
BUSINESS
British entrepreneur offers to take control of Jet Airways
The founder of Atmosphere Intercontinental Airlines has written to Jet Airways CEO Vinay Dube.
BUSINESS
Jet Airways loses valuable assets and valuation
Its four bidders may ask Jet Airways lenders to take a significant haircut.
BUSINESS
Jet customers' refunds may be delayed as IATA cancels clearing house membership
The membership is important for the airline to sell its inventory with travel agents across the world
BUSINESS
Reminiscing old days, crestfallen Jet Airways employees clinging on to hope
While a growing Indian aviation market means that there are jobs on offer, the prospect is not as bright for everyone in the airline.
BUSINESS
No sight of funds, uncertainty hangs heavy at Jet Airways
Even as oil marketing companies may cut fuel supply by evening, banks want to first study the bids before committing more funds
BUSINESS
Board meeting over, Naresh Goyal gone, but rescue package remains elusive for Jet Airways
Senior airline officials are still engaging with lenders in hope of interim funding.
