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Bharti Airtel Q1 Net down 37 per cent to Rs 762.2 cr

Bharti Airtel Q1 Net down 37 per cent to Rs 762.2 cr

Telecom major Bharti Airtel’s net profit fell for the tenth quarter in a row, declining 37 per cent to Rs 762.2 crore for the quarter ended June 30, 2012. It…

Kingfisher Airlines cancels over 30 flights due to employees strike

Kingfisher Airlines cancels over 30 flights due to employees strike

It seems Kingfisher Airlines’ woes are not going to get over soon as more than 30 flights were cancelled on Wednesday due to a strike by a section of its…

Financial Tech Q1 net profit up 94%

Financial Tech Q1 net profit up 94%

Financial Technologies (India) on Monday said its net profit on a standalone basis jumped by 94 per cent to Rs 76.06 crore in the April-June quarter of FY13 compared to…

AAI refuses to allow Kingfisher lessors to take back aircraft

AAI refuses to allow Kingfisher lessors to take back aircraft

Airport Authority of India (AAI) has refused to allow the lessors to take back about half a dozen aircraft rented out to Kingfisher Airline, sources said. The lessors want the…

Cabinet approves delivery of 27 Boeing 787 aircraft to Air India

Cabinet approves delivery of 27 Boeing 787 aircraft to Air India

The Cabinet Committee on Economic Affairs (CCEA) has approved a Ministry of Civil Aviation proposal allowing Air India to take delivery of 27 Boeing 787 Dreamliner aircraft after signing the…

Power failure: Delhi airport operations not hit

Power failure: Delhi airport operations not hit

Even as rail and road services across north and east India were crippled mid-afternoon on Tuesday due to a massive power outage, flight operations at Delhi’s Indira Gandhi International Airport…

SpiceJet posts first profit after five quarters of losses, at Rs 56 cr

SpiceJet posts first profit after five quarters of losses, at Rs 56 cr

SpiceJet has reported a net profit of Rs 56 crore for the first quarter ended June 30, after hovering in losses for five consecutive quarters. The budget carrier reported the…

Kingfisher Airlines rebuked by court in cheque bouncing case

Kingfisher Airlines rebuked by court in cheque bouncing case

Kingfisher Airlines was severely rebuked by a metropolitan magistrate in a case of cheque bounce in Mumbai on Friday. The top management of Kingfisher has been asked to be present…

Ambuja Cement net profit up 35%

Ambuja Cement net profit up 35%

Ambuja Cement reported a 35 per cent growth in net profit at Rs 469 crore for the quarter ended June 30 on increased sales. The company had posted net profit…

Tough measures needed to make AI survive, thrive: IATA

Tough measures needed to make AI survive, thrive: IATA

  Tough measures need to be taken to make Air India “survive and thrive”, global airlines body IATA said on Wednesday, asking the government to take a cue from the…