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Cashless Kingfisher Airlines to get help from Diageo

Cashless Kingfisher Airlines to get help from  Diageo

Billionaire Vijay Mallya’s guarantees for the loans and liabilities of his troubled Kingfisher Airlineshave been estimated at a whopping Rs 5,904 crore in the company’s annual report for 2011-12, released…

Kingfisher Airlines’ lenders got Rs 5,904 cr guarantees

Kingfisher Airlines’ lenders got Rs 5,904 cr guarantees

Kingfisher Airlines Chairman Vijay Mallya gave guarantees worth Rs 5,904 crore for the carrier’s loans and other liabilities in 2011-12. Mallya, however, did not get any commission for the same…

Aviation Turbine Fuel prices raised by steep 7.6 per cent

Aviation Turbine Fuel prices raised by steep 7.6 per cent

Jet fuel price was on Friday hiked in India by a steep 7.6 per cent, the biggest ever increase that took ATF price to all-time high of Rs 72,282 per…

Air India scraps payment of performance-linked incentives to its employees

Air India scraps payment of performance-linked incentives to its employees

Air India will abolish performance-linked incentives for employees and instead introduce Profit or Productivity Related Pay. This is part of Air India’s wage rationalisation exercise according to the recommendations of…

Delhi Airport charges: British Airways says fees too high, to revisit India strategy

Delhi Airport charges: British Airways says fees too high, to revisit India strategy

British Airways has said the increase in airport charges at the Indira Gandhi International (IGI) airport has forced it to revisit its India strategy. “The aviation industry is going through…

4 leading private airlines set to achieve Rs 1,120-cr profit

4 leading private airlines set to achieve Rs 1,120-cr profit

India’s four leading private airlines Indigo, SpiceJet, GoAir, Jet Airways and JetLite are estimated to have clocked a profit of around Rs 224 crore during the first quarter of this…

Fuel surcharge hiked, air tickets get costlier

Fuel surcharge hiked, air tickets get costlier

Continuing its upward trend, the BSE Sensex hit 23-week high of 17,950.93 on Thursday moving close to the 18k mark on the back of fresh buying in metals, IT, healthcare…

Micromax to launch 8 new phones, eyes No 2 slot in smartphone market

Micromax to launch 8 new phones, eyes No 2 slot in smartphone market

Micromax is planning to launch eight new devices across various price points to attract consumers, in an attempt to become the second largest smartphone seller in India. The company also…

Ranbaxy launches generic diabetes treatment tablets in US

Ranbaxy launches generic diabetes treatment tablets in US

Ranbaxy Laboratories on Friday said it has launched generic pioglitazone hydrochloride tablets used for treating diabetes in the American market under an agreement with Takeda Pharmaceuticals USA Inc. The company’s…

Flights hit as section of Kingfisher pilots strike work over March salary dues

Flights hit as section of Kingfisher pilots strike work over March salary dues

A section of pilots of near-bankrupt Kingfisher Airlines on Saturday went on strike, second time in the month, demanding immediate payment of March salaries, leading to cancellation of seven flights…