




Ravi Nedungadi, president and chief finance officer at UB Group said the company is looking at various ways of inducting capital into its cash-strapped businesses.
Aditya Ghosh, the president of IndiGo Airlines scales new dizzying heights every year and empowers Indians to do literally the same. Ghosh is a lawyer turned president of India’s most profitable low fare airline. He claims it a result of being at the right place at the right time.
The company is now attempting to rejig its distribution strategy and will set up exclusive showrooms for the Nano, Indica and Indigo and its utility vehicle including the Aria. But can distribution help fix Tata Motors problems?
Airbus has received an order worth USD 7.2 billion for 72 planes from GoAir, the latest in a series of Indian airlines scrambling to meet growing demand in Asia's third-largest economy.
Budget carrier IndiGo plans to start international operations to Dubai, Bangkok and Singapore from September this year, and will deploy 8-9 aircraft to service these routes, a top official said on Tuesday.
According to the latest updates, airline majors like Air India, Jet and Indigo have asked the airport regulator to intervene in the matter and reduce the fee, reports CNBC-TV18 quoting sources.
Winner of AIMA's Entrepreneur of the Year Award, Rahul Bhatia, CEO of Interglobe and chairman of IndiGo Airlines feels, the low-cost airline model would prevail overtime.
According to the latest updates, the Supreme Court has said that the new ground handling policy will affect airlines' efficiency as the policy will substitute good service to cheap service. The Supreme Court also feels that the ground handling policy is being applied selectively, reports CNBC-TV18 quoting sources.
Airline companies are in a huge dilemma with the government's announcement of implementation of the new ground handling policy on April 1. Private airlines have written to civil aviation secretary Nasim Zaidi on ground handling policy asking the ministry to wait till April 4 for the Supreme Court's directives on the same.
Low-cost airline indigo has set a record in commercial aviation history. The no frill carrier will acquire as many as 180 single-aisle A-320 aircrafts from European plane manufacturer Airbus. In an interview with CNBC-TV18, Aditya Ghosh - the President of IndiGo gave his perspective on the deal and the way forward.