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  • Domestic airlines register higher load factor in Feb on fewer flights

    27 March, 2015 7:04 PM 72

    The passenger load factor (PLF) of domestic carriers rose significantly in February over the previous month, thanks to a reduction in the number of flights and more equitable distribution of load, Directorate General of Civil Aviation (DGCA) data released on Friday showed. According to the data, JetLite (89.7%) and Jet Airways (89.5%) registered the highest

  • IndiGo heads for up to $400 m IPO

    27 March, 2015 6:18 PM 36

    India’s biggest airline by market share, IndiGo, is preparing to file a draft prospectus by May for a stock listing to raise $300 million to $400 million, two people with knowledge of the plans said, aiming to cash in on a boom in budget air travel. While the draft prospectus is due to be filed in the next two months, the timing of the initial public

  • Bharti Airtel, RCom gain capability for 4G service

    27 March, 2015 5:57 PM 75

    Bharti Airtel and Reliance Communications (RCom) have gained capability to provide 4G services across the country as they bagged requisite spectrum in the recently concluded spectrum auction. "RCom becomes India's first and only operator with nationwide footprint of contiguous 800/850 MHz spectrum. RCom operations now future-proofed across all circles

  • Natural Gas Price to Be Cut From April 1: Report

    27 March, 2015 5:57 PM 32

    New Delhi: In the first ever reduction in domestic natural gas prices, the rates will be slashed by 9 per cent to $4.56 per unit from April 1 to reflect the softening in international prices, benefiting users in the power and fertiliser sectors. The government had in October last year fixed natural gas price at $5.05 per million British thermal unit based

  • Grasim launches fabric brand ‘Liva’

    27 March, 2015 5:53 PM 30

    Grasim Industries, the Aditya Birla-owned company, launched its subsidiary Birla Cellulose’s first fabric brand ‘Liva’. This is the company’s step to establish a consumer connect and it has spent around Rs.150 crore in the R&D for the fabric and establishing a value chain, according to a company spokesperson. The company roped in Bollywood actor Kangana

  • Honda to invest Rs 965 cr to hike car, 2-wheeler production

    27 March, 2015 5:50 PM 39

    Japanese auto major Honda’s cars and two-wheelers subsidiaries in India will invest a total of Rs 965 crore to increase their respective production capacities at two existing plants in India by 2016. The company’s wholly-owned arm, Honda Cars India Ltd (HCIL) will invest Rs 380 crore in its second plant at Tapukara in Rajasthan to expand production capacity

  • HMSI to ramp up production

    27 March, 2015 5:50 PM 50

    Japanese auto major Honda Motor Co.’s two-wheeler subsidiary, Honda Motorcycle & Scooter India (HMSI), will invest Rs.585 crore to increase production capacity at its plant in Narsapura, Karnataka, by six lakh units, taking the overall annual capacity to 24 lakh units. HMSI, which expects additional capacity to be operational before the end of 2016, said the company

  • ONGC, Oil India, GAIL may be spared subsidy burden

    27 March, 2015 5:32 PM 22

    The big reduction in oil subsidies from a level of R1.6 lakh crore in FY13 and R1.4 lakh crore in FY14 to about R75,000 crore in FY15 is finally coming to the help of the upstream oil companies as well. ONGC, Oil India and GAIL (India), which together bore a subsidy burden of R67,000 crore, almost as much as the government, in FY14 and around R43,000 crore

  • Airtel, RCom gain capability for 4G service across country

    27 March, 2015 5:31 PM 247

    NEW DELHI: Bharti Airtel and Reliance Communications (RCom) have gained capability to provide 4G services across the country as they bagged requisite spectrum in the concluded spectrum auction. "RCom becomes India's first and only operator with nationwide footprint of contiguous 800/850 MHz spectrum. RCom operations now future-proofed across all circles

  • Modi calls for slashing oil, gas imports by 10% in next 7 years

    27 March, 2015 5:30 PM 218

    Prime Minister Narendra Modi wants Indian energy companies to become multinationals and work towards establishing energy corridors such as India-West Asia, India-Central Asia, and India-South Asia, while establishing themselves in the gas markets of North America and Africa. Inaugurating the energy conference ‘Urja Sangam - 2015’ here on Friday, he said, “I am seeing