Fdi In Aviation

Fdi In Aviation News

Union Cabinet to consider relaxing FDI norms in single brand retail, digital media today
Business

Union Cabinet to consider relaxing FDI norms in single brand retail, digital media today

FDI helps in improving the country's balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.

Air India's proposed stake sale will go on, but suggestions on divestment welcome: Ashok Gajapathi Raju
Business

Air India's proposed stake sale will go on, but suggestions on divestment welcome: Ashok Gajapathi Raju

Currently, a ministerial panel is firming up the contours of the strategic divestment -- of at least 51 percent stake -- in Air India and its subsidiaries

FDI relaxation shows BJP govt is back on reform track, but why are new jobs absent from Indian economy?
Business

FDI relaxation shows BJP govt is back on reform track, but why are new jobs absent from Indian economy?

After a series of disappointing economic data, the relaxation in FDI rules is a confidence-builder for investors in the Narendra Modi-government.

FDI not worth much without tech transfer, it contributes only 2% to India's investments: Subramanian Swamy
Business

FDI not worth much without tech transfer, it contributes only 2% to India's investments: Subramanian Swamy

The government on Wednesday relaxed FDI policy for medical devices and audit firms associated with companies receiving overseas funds.

100% FDI in single brand retail will render large number of people jobless, impact small businesses: CAIT
Business

100% FDI in single brand retail will render large number of people jobless, impact small businesses: CAIT

In major changes liberalising FDI in key sectors, the Union cabinet on Wednesday approved 100 percent foreign investment in single brand retail trading.

US companies eager to invest in India's 'booming' aviation sector
Business

US companies eager to invest in India's 'booming' aviation sector

Top US companies are eager to invest in India's booming aviation sector's various fields, from security to building new airports, with recent changes in regulatory environment "encouraging" them, American officials have said.

Ajit Singh calls for more FDI from US in aviation sector
Business

Ajit Singh calls for more FDI from US in aviation sector

Asserting that India has taken significant steps in making air travel affordable, Civil Aviation Minister Ajit Singh today called for more foreign direct investment from America in the country which now offers immense business opportunities.

With regulatory nods still to come, Etihad extends Jet deal deadline
Business

With regulatory nods still to come, Etihad extends Jet deal deadline

Etihad Airways expects a $600 million investment in Jet Airways to be cleared by Indian authorities imminently, as it further extended a deadline for regulatory approval that ended on August 31, the Abu Dhabi carrier said on Sunday.

WiIl Etihad's multilateral strategy rescue Jet Airways?
Business

WiIl Etihad's multilateral strategy rescue Jet Airways?

Hogan's strategy for Jet Airways and India is unlikely to be very different from what he has done around the world.

How clever wording helped aviation babus give away seats to Abu Dhabi
Business

How clever wording helped aviation babus give away seats to Abu Dhabi

Now, the PM and indeed his Cabinet colleagues are caught between a rock and a hard place: Can India, which has been a more than willing signatory to the ASA, now back out because it has problems in its own backyard?

Does budget carrier Tigerair have enough cash to pump into SpiceJet?
Business

Does budget carrier Tigerair have enough cash to pump into SpiceJet?

Tigerair is the first non-Gulf airline which is seen as an interested party. Sources said it is possible that a broad understanding has been reached between Tigerair and SpiceJet promoters but no deal has been signed till now.

New 'effectiive control' norm will not apply to Jet-Etihad deal
Business

New 'effectiive control' norm will not apply to Jet-Etihad deal

The Cabinet approval of a revised norm to define 'effective control' for the purpose of FDI will not apply on the Jet-Etihad deal as it will be applicable only with prospective effect.

FDI in aviation: Why not allow foreign airlines to fully own Indian carriers?
Business

FDI in aviation: Why not allow foreign airlines to fully own Indian carriers?

First, what is the point of opening up the sector partially and in multiple steps? If the intent is to liberalise, why not go whole hog and allow foreign airlines to own 100% in Indian carriers?

Will govt policy flip-flop undo Jet-Etihad stake deal?
Business

Will govt policy flip-flop undo Jet-Etihad stake deal?

It could well happen that frustrated with the Indian government's flip-flops, Etihad turns tail and withdraws. That, in every sense, would be a disaster this FDI hungry Government should avoid at all costs.

With Ramadorai on board, Ratan Tata's AirAsia dream is flying
Business

With Ramadorai on board, Ratan Tata's AirAsia dream is flying

With AirAsia India, Tata perhaps hopes to let thousands of Indians, who can't afford to fly now, dream of taking to the skies.

What game is Ajit Singh trying to play with AirAsia?
Business

What game is Ajit Singh trying to play with AirAsia?

Minister Ajit Singh initially said he would have preferred the Tatas to launch an airline on their own, then said he had no problem with the new airline proposal but there seem to be some procedural issues with it.

Etihad, Jet close to clinching deal, top brass meet FM
Business

Etihad, Jet close to clinching deal, top brass meet FM

Ahead of finalising Etihad's deal to acquire 24 percent stake in Jet Airways, top brass of the two carriers today met Finance Minister P Chidambaram here and are understood to have discussed regulatory requirements.

Etihad unlikely to reap immediate benefits from minority stake in Jet
Business

Etihad unlikely to reap immediate benefits from minority stake in Jet

Etihad Airways may not get any direct immediate benefits in terms of increased traffic from Indian cities even after it picks up a minority equity stake in India 's Jet Airways.

Why an alliance with IndiGo is the best bet for any investor
Business

Why an alliance with IndiGo is the best bet for any investor

British Airways is in talks with India's biggest carrier, IndiGo, over a ticketing and baggage sharing agreement, a source with direct knowledge of the discussions said on Tuesday.