Modern air travel has become increasingly unpleasant as airlines continue to shrink seat sizes to fit more passengers on board – and this is especially true in economy class. But not all airlines are heading in this direction. In fact, many of them are working to increase passenger comfort through new innovations. From coach seats […]
Day: June 23, 2015
AirAsia brings no-frills model to India, but faces difficulties in doing business
When the fast-growing Malaysian carrier AirAsia wanted to expand, India looked like the ideal frontier. The country had hundreds of millions of potential first-time fliers, many in second- and third-tier cities that have just a few flights a day. With one-way airfares as low as $20, AirAsia aimed to capture huge chunks of tourism and […]
AirAsia India chief slams aviation policies, wants ‘free markets and open skies’
Mittu Chandilya, chief executive of AirAsia India, has criticised the country’s stringent regulatory environment for airlines. According to a report in The New York Times (NYT), Chandilya said, “I believe in free markets and open skies, but if you look at the policies we have in place, I don’t think we have that at all.” […]
BHEL commissions 250 MW unit of NTPC’s Bongaigaon power plant
State-run equipment maker BHEL today said that it has commissioned a 250 MW unit of NTPC’s Bongaigaon thermal power plant in Kokrajhar district in Assam. “Bharat Heavy Electricals Limited (BHEL) has achieved one more milestone by successfully commissioning a 250 MW coal-based thermal plant in Assam. The unit has been commissioned at the upcoming Bongaigaon […]
Coal India hits 52-week high
Shares of Coal India gained 3.5% to Rs 413.55, also its 52-week high on the Bombay Stock Exchange (BSE), in late morning trade. In past one-month, the stock has outperformed the market by gaining 12% from Rs 370 on May 25 compared to less than 1% rise in the S&P BSE Sensex. On the NSE, […]
JSW Energy struggling to sell power
Struggling to sell electricity that it is already generating, JSW Energy today said it does not make any “sense” to go for aggressive expansion at the moment. “At the moment we are struggling to sell the power that we are generating and I don’t think it makes any kind of sense for us to go […]
Possible for India to make large airplanes : Boeing’s Dinesh Keskar
It is very much possible for large airplanes to be manufactured in India, although it will take a long time because requirements are huge for capital, skills and infrastructure, top aircraft maker Boeing has said. The $105-billion global giant also said that the government’s ‘Make in India’ programme has become a major incentive for the […]
RIL, ONGC, SBI, BHEL, L&T could be out of Sensex in 10 years: Ambit Capital
Index heavyweights stocks like Reliance Industries (RIL), ONGC, Larsen & Toubro (L&T), State Bank of India (SBI) and BHEL are among 15 stocks that could see an exit from S&P BSE Sensex over the next decade, suggests a June 2015 study co-authored by Saurabh Mukherjea, CEO – Institutional equities at Ambit Capital titled ‘The Sensex […]