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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…

MCA orders inspection of Kingfisher books

MCA orders inspection of Kingfisher books

The Corporate Affairs Ministry has ordered an inspection of the account books of debt-ridden Kingfisher Airlines after receiving complaints from stakeholders alleging violation of company law like provisions on debt-equity…

Cash-strapped airlines under pressure as jet fuel price hiked by 3.2 per cent

Cash-strapped airlines under pressure as jet fuel price hiked by 3.2 per cent

Jet fuel, or aviation turbine fuel (ATF), price was raised by over 3.2 per cent on Thursday, the third straight increase since July, adding to the burden of cash-strapped airlines.…

Air India to resume most international flights by September

Air India to resume most international flights by September

Air India will have all its Boeing 777s pressed into service by September and restart flights to important destinations like Hong Kong and New York to regain lost international market…

Sun Pharma Q1 net profit rises 59%

Sun Pharma Q1 net profit rises 59%

Drug major Sun Pharma on Friday posted a rise of 58.79 per cent in consolidated net profit at Rs 795.55 crore for the first quarter ended June 30, 2012, on…

Goa could shut down nearly 10 illegal mines

Goa could shut down nearly 10 illegal mines

Goa Chief Minister Manohar Parrikar has told the monsoon session of the legislative assembly that 40 mining leases, of which around eight to 10 mines are operational, could be cancelled.…