Stock of most major airlines up slightly in midday tradingOctober 13th, 2009 Sector Snap: Airlines shares mostly upNEW YORK — The stock of most major U.S. airlines rose slightly in midday trading Tuesday, bettering the slight decline in the broader market.
Floods destroyed crops worth billions of rupees, says ReddyOctober 7th, 2009 NEW DELHI - Andhra Pradesh's Agriculture Minister Raghuveera Reddy has said that crops worth billions of rupees were damaged in by floods. "Due to the recent floods about 2 lakh 80 hectares of crops have damaged.
Airlines asked not to overcharge passengersSeptember 10th, 2009 NEW DELHI - Civil aviation authorities Thursday asked all airlines to restrain from raising fares when the Jet Airlines pilots are on strike. The Directorate General of Civil Aviation (DGCA) has written to all airlines not to charge higher fares and limit their charges to those prevailing last week, a civil aviation ministry spokesperson said.
The Transportation Department's on-time arrival ranking for US airlinesSeptember 8th, 2009 DOT releases airline delay list for AugustThe percentage of airline flights in August that arrived within 15 minutes of schedule, according to the U.S. Transportation Department:
1.
Minorities Development Finance Corporation to have 1000 crores share capitalAugust 27th, 2009 NEW DELHI - The Union Cabinet today accorded approval for increasing the authorized share capital of the National Minorities Development Finance Corporation (NMDFC) from Rs.850 crores to Rs.1000 crores. The share of the Government of India, the State Governments and individuals/institutions will be Rs.650 crores Rs.260 crores and Rs.90 crores respectively.
Southwest Airlines makes a firm bid to buy Frontier Airlines out of bankruptcy protectionAugust 10th, 2009 Southwest bids on Frontier AirlinesSouthwest Airlines is making a firm bid to buy Frontier Airlines out of bankruptcy protection. That sets up a Tuesday auction with regional airline operator Republic Airways Holdings Inc.
Centre rules out financial bailout for private airlinesAugust 3rd, 2009 NEW DELHI - Even with the private airlines calling off their planned protest of August 18, the Union Government has stood firm and ruled out any financial bailout for them. Speaking to the reporters here on Monday Union Minister of State for Civil Aviation Praful Patel said, "There is no question of a financial bailout for private airlines."
He also made it clear that the government would not bail out Air India.
Parent UAL names new president for United AirlinesJuly 23rd, 2009 UAL names new president for United AirlinesCHICAGO — UAL Corp. on Thursday tapped an insider to become president of its United Airlines operating subsidiary.
Avaya GlobalConnect reports third quarter resultsJuly 20th, 2009 NEW DELHI - Avaya GlobalConnect, one of India's leading solution integrators for enterprise communication solutions, announced its quarter results for the quarter ended June 30.he company has recorded Total Income of Rs. 121.53 crores in the India market and Net Profit of Rs.
India's budget rises from Rs.193 crores to Rs.10 lakh croresJuly 6th, 2009 NEW DELHI - India's fiscal budget has risen from Rs.193 crores to over Rs.10 lakh crores in the 63 years since independence of the country in 1947, Finance Minister Pranab Mukherjee said while presenting the budget for 2009-10 in the Lok Sabha Monday. "Madam speaker, I am happy to announce that for the first time, the budget estimates have crossed Rs.10 lakh crores.
Honda to set up another engine plant in RajasthanJune 17th, 2009 Kochi (Kerala), June 17 (ANI): Honda Siel Cars India (HSCIL), a subsidiary of Honda Motor, Japan, plans to set up an engine manufacturing and car assembly plant at an investment of around Rs. 1600 crores in Rajasthan.
Biocon Group delivers 16 per cent growth in operating profitsApril 28th, 2009 BANGALORE - Biocon Limited today announced its financial performance for the financial year ended March 31. Unpredictable rupee depreciation induced by the global economic crisis has adversely impacted consolidated FY '09 earnings, wherein losses of Rs.
iXiGO.com to support international airlines' move to zero commissions in IndiaApril 16th, 2009 NEW DELHI - iXiGO.com, India's fastest growing travel site, today announced that it supported the move by international airlines to zero commissions for travel agents and that it will continue working strategically alongside airlines in growing their direct sales and reducing their distribution cost. 14 international carriers in India have recently moved to zero commissions with a transaction fee system.
Senior MCD official arrested for corruptionMarch 19th, 2009 NEW DELHI - A senior official of the Municipal Corporation of Delhi (MCD) Wednesday was sent to two days' police custody after he was booked by the anti-corruption cell on the charge of demanding Rs.2 crores from a businessman. His junior was also jailed.
Daily Kingfisher flights to Colombo from Bangalore, ChennaiJanuary 18th, 2009 BANGALORE - Kingfisher Airlines Monday launched daily direct flights to Colombo from Bangalore and Chennai, the airlines said here. 'The flights on these two new routes will be operated using brand new Airbus A320 aircraft,' it said in a press release.