Disinvestment of Air India should improve competition within the aviation sector: IATA official
Moreover, the official said that the Jet Airways' bankruptcy - which happened in April this year - does raise questions on the sustainability of the Indian aviation sector.
Share market update: Nifty Financial Services index up; Indiabulls Housing gains 2%
The Nifty Financial Services index was trading 0.35 per cent up at 14,216.35.
Airlines’ excess capacity problem to increase in 2020
International Air Transport Association (IATA) chief economist Brian Pearce said that the problem of capacity is set increase in calendar year 2020. While lower fares have made flying affordable in India, airlines have started to complain about excess capacity in the market that is leading to lower fares for passengers, impacting the bottom line of airlines.
Transport Ministry has sought RBI nod for 30 year financing of infra projects: Nitin Gadkari
The Reserve Bank Governor gave a clear direction that we don't have any problem if banks are ready to finance for 30 years for infrastructure projects. Earlier, the banks used to finance only for 20 years," Gadkari said at the inaugural session of the 10th edition of Excon-2019, a five-day International Construction Equipment and Construction Technology Trade Fair here.
Global airlines cut 2019 profit forecast over trade tensions
IATA cut full-year net profit forecast to $25.9 billion, a 5.1% decline from 2018.
IATA revises down 2019 airline profits, sees stability in 2020
Airline net profits are now expected to fall to $25.9 billion from $27.3 billion last year, before recovering to $29.3 billion in 2020, the International Air Transport Association said. In June it had forecast $28 billion in profit for 2019.
We are seeing green shoots in rural and semi-urban market: Umesh Revankar, Shriram Transport Finance
There is good credit demand in the rural market, because agri output has been reasonably good. There is some kind of buoyancy in the rural market and also to some extent in the semi-urban market. In the urban market, we are yet to see any changes. Credit demand from rural and semi-urban market is enough for us to keep growing.
Share market update: Nifty Financial Services index up; Cholamandalam Investment gains 3%
The Nifty Financial Services index was trading 0.33 per cent up at 14,088.05 .
Duggal may be chairman of Shriram Group Companies, again
Shriram Capital is the holding company for the financial services and insurance entities of the Shriram Group.
Hinduja Group Chairman meets Cap. Amarinder, offers transport & tech solutions to address stubble burning
During the meeting, Prakash Hinduja, who was leading a high-level delegation, also showed interest in partnering the State’s progress through investments in agri, transport, banking, healthcare and automobile sectors.
How Adani vessel, 2 others stranded for days on a Bangladesh river
What was supposed to be the new gateway to the north east has encountered an unexpected glitch.
India to explore corridor between resource-rich Arctic & INSTC
“We look forward to cooperating with Russia in the Arctic Council and we are actively discussing potential areas of cooperation including in the sphere of energy security, scientific exploration and research and connectivity. We will explore the possibility of establishing connectivity between the Arctic Region and INSCTC," Indian envoy to Russia said.
Share market update: Nifty Financial Services index down; PFC slumps 5%
The Nifty Financial Services index was trading 0.35 per cent down at 14,144.10.
India's air passenger traffic grows 3.6 per cent in Oct; pace slower than seen in 2018: IATA
The International Air Transport Association (IATA), a grouping of more than 280 airlines worldwide, on Thursday said growth in India lags the robust 2018 outcomes. Globally, Revenue Passenger Kilometre (RPK) rose to 3.4 per cent in October compared to the year-ago period. RPK is a measure of demand.
What ails state-run bus operators in India?
The crisis in Telangana is a reflection of the precarious position of state-run bus operators in India, which have seen their losses swell every passing year. This is particularly worrying since buses undergird India’s public transport system, and cash-starved state governments and municipal corporations have done little to shore up the transport corps.
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