Aviation News India, Aviation Industry News, Airlines Industry India

TO DISBURSE SALARIES TO LOWER GRADE EMPLOYEES ON JULY 3
GAUTAM JHAVERI WAS ALLEGEDLY FINANCING CORNERING OF SHARES
ORDER ON GAUTAM JHAVERI PASSED AFTER PAYMENT OF RS 2.70 CR
BKS APPROVE CDR PKG,RESTRUCTURING OF LIABILITIES WORTH RS.1600CR APPROVED
GOVT HAS FORMED EGOM TO DELIBERATE ON 3G AUCTION PRICE AND SLOTS
AUCTION 2G SPECTRUM AS WELL: SOURCES
TRADING OF 3G SPECTRUM TO BENEFIT TELCOS, GOVT WILL LOSE REVENUE: SRCS
4G SERVICE IN THE FUTURE MAY REQUIRE 10 MHZ SPECTRUM: SOURCES
MORE THAN 4 SLOTS WILL PREVENT HIGH BIDDING FOR SPECTRUM: SOURCES
RESTRICT 3G SLOTS TO 4 FOR PRIVATE TELCOS: SOURCES
FLOOR PRICE FOR QIP IS RS 41.35/SHARE: SOURCES
INITIAL QIP OFFER OF $150MN IS OVER-SUBSCRIBED: SOURCES
GVK POWER & INFRA SEES INTEREST OF $191MN: SOURCES
GVK POWER & INFRA QIP RECEIVES GOOD RESPONSE: SOURCES
For full coverage of Budget 2009, log on to Budget.ndtv.com
DOMESTIC FUNDS NET BUY RS.212.65 CR IN EQUITIES ON JULY 2 (PROVISIONAL)
FOREIGN FUNDS NET BUY RS.247.26 CR IN EQUITIES ON JULY 2 (PROVISIONAL)
GETS US FDA APPROVAL FOR GENERIC OPTIVAR
GETS US FDA NOD FOR OXCARBAZEPINE: NW
BANKS APPROVE MAYTAS INFRA CDR PACKAGE
RESTRUCTURING OF LIABILITIES WORTH RS.1600CR APPROVED
TO GET ADDL RS.300 CR AS BK GUARANTEE, WORKING CAP IN 3 MTHS
EXPECTATIONS ARE THAT $500MN MAY BE RAISED: SOURCES
QUANTAM AMC: SEE SENSEX AT 16,000-18,000 IN NEAR TERM ON POSITIVE BUDGET
QUANTAM AMC: MKTS TO TOUCH NEW PEAKS BY MID-2010 IF Q4'10 EARNINGS RECOVER
GVK POWER & INFRA SEES INITIAL INTEREST OF $125-150MN: SOURCES
GVK POWER & INFRA QIP BIDS PROGRESSING WELL: SOURCES
JUNE UNEMPLOYMENT RATE AT 9.5% VS 9.4% (MOM)
NON FARM PAYROLLS DOWN BY 467,000 IN JUNE VS 322,000 JOBS LOST IN MAY
CONTINUING CLAIMS DOWN 53,000 TO 6.7 MILLION FOR THE WEEK ENDED JUNE 21

Updated: 02/07/09 | 01:53 PM IST

Aviation

AI asked to give restructuring plan in 30 days

Asserting that government support cannot be taken for granted by it, Civil Aviation Minister Praful Patel today said that cash-strapped Air India has been asked to provide a restructuring plan in the next 30 days.

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Outbound travel agents cash in on dry summer

Outbound travel agents have made the most of a dry summer. Attractive packages and rock bottom fares made many Indians head abroad, despite the recession.

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SpiceJet lowers fares for the monsoon season

A day after private carrier Jet Airways lowered fares on select routes during the monsoon season, low-cost carrier SpiceJet introduced reduced ticket prices during the July 15-September 15 period.

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BA staff to work for free

The British Airways has said that 7,000 staff have opted to take pay cuts while 800 will work for free as part of the company's measures to cut costs and deal with recession.

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Air India chief says airline fighting for survival

Crisis-hit Air India Chief Arvind Jadhav on Saturday said the delay in paying the staff salary has become necessary as the airline is fighting for survival. "This is an hour of crisis. This is a fight for survival.

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Air India asks officials to forego July salary

Air India on Friday requested its top management and senior officials to voluntarily forego their salary and productivity-linked incentives for July to help the cash-strapped and crisis-ridden airline. The airline is facing a possible industrial unrest with employees threatening agitation.

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India adds 11.59 mn mobile subscribers in May

Subscriber addition by the Indian telecom industry has slowed down for the second month in a row, with 11.59 million wireless subscribers being added in May 2009. This is against an addition of 11.90 million wireless users in April, Telecom Regulatory Authority of India (TRAI) said in a statement.

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Jet Airways hikes fuel surcharge by Rs 400

Jet Airways on Wednesday increased its fuel surcharge by Rs 400 on all domestic sectors with immediate effect. The increase was necessitated by a sharp hike in aviation turbine fuel (ATF) prices by 33 per cent since March this year, the company said.

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British Airways asks staff to work for free

In its fight for survival, British Airways wants all staff to take part in the cost-cutting scheme. The company is asking thousands of staff to work for nothing, for up to one month, to help the airline survive.

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Premium travel declines 22% in April: IATA

More evidence emerged on Tuesday that a bad economy pushes passengers to the back of the plane, as a trade group reported that traffic in the high-end airline seats fell 22 per cent in April.

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Economic Survey

Eco Survey—a reflection of the budget?

For Finance Minister Pranab Mukherjee, it is a survey of advice. Big bang reforms are needed in practically every sector with special focus on direct taxes, disinvestment and even fiscal consolidation.