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Kingfisher Airlines caused Rs 290 cr loss to AAI, says CAG

Jul 30, 2015

Kingfisher Airlines caused Rs 290 cr loss to AAI, says CAG

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence. #Business #CAG #Civil Aviation Ministry #Kingfisher Airlines #CompanyWatch #Vijay Mallya #AAI
Nokia rejects MTNL's purchase order for network expansion

Jul 30, 2015

Nokia rejects MTNL's purchase order for network expansion

Nokia Networks was shortlisted in December 2013 as the lowest bidder for installing all the 3,526 mobile sites. #Business #2G #Lok Sabha #Ravi Shankar Prasad #CompanyWatch #MTNL #ZTE #Alcatel-Lucent #Huawei Technologies #Nokia Networks
Onboard meals: Air India received 13 complaints in last seven months

Jul 30, 2015

Onboard meals: Air India received 13 complaints in last seven months

Recently, in two separate reports, Air India was accused of serving contaminated food on two of its flights. #Business #air india #CompanyWatch #Ministry of Civil Aviation #Mahesh Sharma
French major BNP Paribas to take over Sharekhan, seeks to expand India footprint

Jul 30, 2015

French major BNP Paribas to take over Sharekhan, seeks to expand India footprint

Sharekhan will join BNP Paribas' personal investors division, which is a key player in retail brokerage and digital banking services with 1.7 million clients in Europe, the French firm said in a statement. #Business #CompanyWatch #BNP Paribas #Sharekhan #Joris Dierckx
M&M to launch battle tank inspired SUV TUV300 in mid-September

Jul 30, 2015

M&M to launch battle tank inspired SUV TUV300 in mid-September

The TUV300 is expected to compete with the likes of Toyota Etios Cross, Hyundai 120 Active and Fiat Avventura which are priced at a range of Rs 6.23 lakh and Rs 8.89 lakh (ex-showroom Delhi). #Business #CompanyWatch #Pawan Goenka #Mahindra & Mahindra #SUV #Toyota Etios Cross #Mahindra TUV300 #Hyundai 120 Active #Fiat Avventura
JSW Steel gets shareholders nod to raise up to Rs 14,000 cr

Jul 30, 2015

JSW Steel gets shareholders nod to raise up to Rs 14,000 cr

The fund will be utilised for planned capital expenditure including refinancing of expensive debt and reducing interest costs, among other corporate purposes, JSW had said in its annual report. #Business #Sensex #BSE #CompanyWatch #JSW Steel #Qualified Institutional Placement #non-convertible debentures
Not  SpiceJet, only airline we are in talks for a stake buy is IndiGo: Qatar Airways

Jul 29, 2015

Not SpiceJet, only airline we are in talks for a stake buy is IndiGo: Qatar Airways

Qatar has long coveted a stake in IndiGo, the fast-growing airline owned by InterGlobe Aviation which last month filed a draft prospectus for a stock market listing. #Business #Aviation #SpiceJet #CompanyWatch #IndiGo #Etihad Airways #Emirates #CAPA #flydubai #Interglobe Aviation
Come August, Ola to follow Myntra path, become app-only

Jul 28, 2015

Come August, Ola to follow Myntra path, become app-only

Ola had launched its mobile app for cab booking in 2011, which now lets users book cabs, auto-rickshaws and black-and-yellow taxis. #Business #CompanyWatch #Myntra #Ola #Pranay Jivrajka #App-only
Adani Enterprises seeks to raise up to Rs 6,000 cr via securities

Jul 28, 2015

Adani Enterprises seeks to raise up to Rs 6,000 cr via securities

Adani Enterprises will approach its shareholders with these resolutions later this month at the companys AGM. #Business #CompanyWatch #Qualified Institutional Placement #Adani Group #Gautam Adani #Adani Enterprises
Breather for Air India as losses down to Rs 5,547.47 cr

Jul 27, 2015

Breather for Air India as losses down to Rs 5,547.47 cr

The airline has also seen lower operating and net loss during the period, the minister said. #Business #air india #Lok Sabha #CompanyWatch #turn-around plan #EBIDTA #Mahesh Sharma