High-fliers are picky. Bone china in business class travel is so last decade. And large carriers are working very hard to woo the first and business class traveller into ever newer, even more exclusive experiences. Millions of dollars are being spent in the effort to lure the big spenders away from the siren songs of corporate jets. ...
04:17 PM, Mar 14, 2013
Indian representatives on the board and indeed in the airline's senior management. Whether AirAsia Bhd's aircraft can be brought in for operation into India, a measure that would certainly be cheaper for the airline, is still unclear. Though the government has cleared the investment, AirAsia will actually have to lobby for permissions at every step. ...
05:00 PM, Mar 13, 2013
Boeing invested an estimated $25 billion in developing the 787-introducing radical changes in materials and a component-sourcing strategy that was to bring efficiencies for the aircraft-maker and airlines. The grounding of the aircraft raises doubts about these decisions. ...
08:56 AM, Feb 16, 2013
GVK has to raise $7 billion in debt to succeed in its venture to mine coal Down Under and fight off stiff competition. ...
10:42 AM, Jan 19, 2013
New Delhi: It was said in a jocular vein. "You're on the ventilator now. But the plug can't be pulled because euthanasia is still illegal in the country." The nervousness was palpable and titters followed the comment on a conference call that included Vijay Mallya and his most trusted aides. They were trying to figure a way out of the Rs 10,000 crore mess Kingfisher Airlines has accumulated in debts...
12:33 PM, Jul 20, 2012
Lower energy costs are always good news for growing economies. And international oil and coal prices have come down significantly in the past few months. The price of a barrel of Brent crude, to which two-thirds of the world's oil varieties are benchmarked, has tumbled from about $120 to under $100, falling almost as quickly as it did in late 2008. The reason is simple"since March, the world has been...
12:46 PM, Jun 30, 2012
Perched on the terrace of Lafarge India's six-storey construction development lab at Andheri East, Mumbai are two very incongruous huts. The structures look out of place in the grey, concrete landscape of the Mumbai suburb. Twenty tonnes of bright red mud and sticks were hauled up the stairs to build them. Here in the sea of dish antennae and mobile towers, they certainly stand out. One of them has been...
01:37 PM, Apr 24, 2012
Four companies are battling for the largest ever public-private partnership project to build a light armoured carrier for the Indian Army"the Future Infantry Combat Vehicle (FICV). The Army needs about 2,600 such vehicles over 20 years. All four bidders"Tata Motors, Mahindra Defence Systems, L&T and the government-owned Ordnance Factory Board (OFB)"have presented their designs and the evaluation is set to move to the final phase within a month. The Rs...
12:07 PM, Apr 09, 2012
Vikram Limaye Age: 45 Career: Joined IDFC in 2005; prior to that, was associated with Credit Suisse First Boston in the US Education: CA, Mumbai University; MBA, Wharton Interest: Likes playing tennis Question: Where will the growth in infra-lending come from? Vikram Limaye: There is not much growth in the environment. Yet, we are clear that IDFC will focus on disciplined, profitable growth with no compromise on asset quality. So,...
04:29 PM, Mar 22, 2012
Greg Case is the president and CEO of Aon Corp. Prior to joining Aon, Case was with management consulting firm McKinsey & Company for 17 years. Most recently, he served as head of the Financial Services Practice. He was previously responsible for McKinseys Global Insurance Practice, and was a member of McKinseys governing Shareholders Committee. Q. As many global economies head into a slowdown and political uncertainty, how are risk...
11:42 AM, Jan 13, 2012
1. The New Brew in Town For those who take their cup of caffeine seriously, there's good news. Starbucks, the world's biggest coffee brand, is likely to make its Indian debut in the first half of 2012. A formal announcement of their retail JV with Tata Coffee is likely next month and those in the know say a search for the country head is underway and an appointment is imminent....
03:23 PM, Jan 04, 2012
Saroj Datta Age: 75 Career: He has been with the Jet Airways group since 1991. Prior to that was with Kuwait Airways and Air India Interests: Listening to Hindustani classical music, jazz, reading crime fiction and translations of Bengali classics Q You has spent two decades building India's largest airline. What were the turning points? Early in the life of the airline, the first call was about coming into the...
08:29 AM, Nov 19, 2011
Ajay Kalsi Age: 49 Profile: Founder and chief executive of London-listed oil and gas outfit Indus Gas Rank: 38 Wealth: $ 1.39 billion Did you know? He is building a new wave pool for his daughter who is fond of swimming. The pool is about the size of four Olympic pools. Ajay Kalsi of Indus Gas is known in Indian oil and gas circles as a maverick with passion. The...
12:12 PM, Nov 08, 2011
At this time last year, Siddharth Verma was scouring the world for an airplane that could land on water " except in pictures he'd never even seen one. He had just launched Mehair, an aircraft venture that had big plans with small planes. Most of the aircraft were to be amphibians that reach places without runways, but with lakes, rivers or dams. Finding an amphibious seaplane " machines that can...
10:57 AM, Oct 14, 2011
The Comptroller and Auditor General of India's performance audit of Air India says the hasty order for Boeing 787s and the decision to allow foreign carriers more flights are responsible for the airlines losses. It ignores the dozens of wrong calls and missed opportunities that have brought the airline down. Strengths Never Leveraged AI Engineering: Excellent maintenance facilities with airplane, engine and avionics shops. Only such certified outfit in the...
10:56 AM, Sep 30, 2011
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