Arun Nayal

Articles By Arun Nayal

123 Articles

Jewar International airport: Readying for a take-off

With construction work expected to start in February next year, the Uttar Pradesh govt is looking to operationalise the first phase of the airport by 2023.

jewar airport, jewar international airport

GVK moves HC to restrain ACSA from selling stake in Mumbai International Airport to Adani

GVK group is already engaged in a legal tussle over the acquisition of Bidvest’s stake.

gvk, adani group

AirAsia India promotors go for aggressive expansion plans, infuse Rs 466 crore

AirAsia India, which started operations in June 2014, is awaiting the government’s permission to operate on international routes.

AirAsia India, airasia, flash ticket sales Tata Sons, AirAsia Berhad, SpiceJet, Vistara, Singapore Airlines

Taking wings! Vistara gets Rs 600-crore boost from promoters

Vistara plans to add 12 aircraft by March-end to lift its fleet size to 42, including wide-body Boeing 787-9, and Airbus A320 and A321 aircraft.

Want to travel during Christmas and New Year? Here’s good news for you

Sabina Chopra, co-founder and COO, corporate travel & head industry relations, Yatra.com, expects airfares to rise sharply for destinations such as Jaipur, Kerala and Coorg during Christmas and New Year.

Hotstar’s loss rises in FY19, Netflix reports small profit

Netflix has launched a cheaper mobile-only plan. The firm has been building on its India library while also ramping up its slate of originals.

GVK deposits Rs 1,248 crore in escrow account to acquire stake in Mumbai International Airport

GVKAHL has claimed the right of first refusal (RoFR) over Bidvest’s share. Bidvest and AAI have held that the time-period for GVK to exercise the RoFR has expired.

GVK. airport authority of india

Jewar airport news: Four companies submit bids to develop and operate Rs 16,000-crore Jewar airport project

According to the Noida International Airport (NIAL) officials, around 20 national and international firms had participated in the pre-bid conference and sent queries related to the project.

The Jewar project will be the second airport in the National Capital Region.

Tata shareholding in Delhi International Airport: GMR reworks proposal, restricts stake to 10%

The Tatas hold majority stake in two airlines – Vistara and Air Asia. Sources told FE that a revised holding percentage has been submitted to its joint venture partner AAI.

On March 27, GMR Group had announced that the Tatas will take 19.7% stake in the airport unit

Ford Motor India profit falls 60% to Rs 211 cr on lower export volume

Ford, the maker of popular SUV Ecosport, sells cars manufactured at its Chennai and Sanand plants to 50 countries, including North America. It is also a leading exporter of passenger vehicles from India.

Apple India FY19 profit fall sharpest in a decade

Experts believe that high prices for its iPhone range and stiff competition from the likes of OnePlus led to decline in sales during the year. Sales in India in 2018 was one of the worst with shipments declining for the first

In FY19, Apple had launched three variants of iPhones — XR, XS and XS Max.

Big potential for Indian carriers to expand in China market: Indigo

Civil Aviation for 18-20 weekly flights to cities like Chengdu, Guangzhou, Beijing, Shanghai and Kunming. It has so far added Chengdu and Guangzhou to its destinations.

Air India privatisation: Govt to make national airline debt-free before sale

As on March 31, 2019, AI’s debt and other liabilities had stood close to `70,000 crore.

air india flight

CAIT moves Rajasthan HC seeking stay on festive sales by e-tailers

Amazon and Flipkart, which jointly cover 80% of the domestic e-commerce market, have launched their six-day festive sales from September 29. Both companies claim it will be their “biggest sale ever”.

Air Asia India losses rise five fold in FY19

The airline had reported a loss of Rs 125 crore in FY18, according to the data available with the Ministry of Corporate Affairs.

AirAsia India's peers also posted weak results in FY19 amid a tough operating environment.

Somany PF challenges at NCLAT sales of IL&FS Wind Energy assets at Orix Corporation

In October 2018, the NCLAT had stayed all proceedings against debt-laden IL&FS and its group companies on a plea by the Ministry of Corporate Affairs.

According to IL&FS, provident and pension funds have an exposure of Rs 9,134 crore to its papers

Hyundai Motor India FY19 profit rises 21.5%

The profits at the wholly owned subsidiary of Korean carmaker Hyundai Motor Company had grown 7.7% y-o-y to Rs 2,124 crore in 2017-18.

HMI’s operating revenue grew 6.5% y-o-y in FY19, according to the data filed with the Ministry of Corporate Affairs.

Dighi Port committee of creditors approves APSEZ’s resolution plan

Dighi Port had received three resolution plans from JNPT, APSEZ and Veritas Consortium in December 2018 for revival of the port. APSEZ, the country’s biggest private port operator, had challenged the rejection of its bid a

Dighi Port,Dighi Port committee, APSEZ, resolution plan,  JNPT, NCLAT, infra news

Bad news for flyers: Airfares may jump up to 20% in festival season

Aviation turbine fuel (ATF) comprises nearly 40% of total costs of airline operations. Around 70% of the total domestic ticket bookings take place in 0-28 days' travel window.

Airfares, festival season, Airfares hike, crude oil prices, global oil prices, travel industry

Aviation Sector: Bangalore International Airport profit after tax falls 22.5 pct

Delhi and Mumbai airports witnessed passenger traffic growth at 5.4% y-o-y and 1% y-o-y, respectively, in FY19.

Aviation Sector, Bangalore International Airport, Bangalore International Airport profit, user development fee, Kempegowda International Airport

NCLT admits Axis plea against Lanco arm

The company was referred to the insolvency court under Section 7 of the Insolvency and Bankruptcy Code (IBC) in June 2018.

NCLT, Axis, Lanco arm, Lanco Amarkantak Power, National Company Law Tribunal, Insolvency and Bankruptcy Code

Renault India cuts FY19 loss to Rs 278 crore

The Indian subsidiary of the French automaker booked an impairment loss on non-financial assets of Rs 5 crore during FY19 as compared to Rs 433 crore it accounted in FY18, leading to reduction in losses in the last financial

Renault India, Renault India loss, regulatory filing, French automaker, impairment loss, non-financial assets

World-class airports in India: Modi government may cap number of airports bidder can get under PPP model

The Gautam Adani-led Adani Enterprises emerged as the highest bidder to operate, manage and develop the six profit-making airports owned by Airport Authority of India (AAI) in February 2019.

Adani Group modi, adani airports, adani government airports, ministry of civil aviation, airport operator india, public private partnership india, Gautam Adani, Adani Enterprises, Airport Authority of India, AAI, Lucknow airport, Ahmedabad airport, Mangalore airport, Guwahati airport, Jaipur airport, Thiruvananthapuram airport

Suzuki Motorcycle not to offer over-the-top discounts despite slowing sales

Sales in the commuter segment has gone down considerably, leading to downturn in the industry.

Suzuki Motorcycle India, Suzuki ceo, Suzuki md, suzuki Asean markets, auto exports, auto sales, auto sector, auto BS-VI emission norms, SMI managing director Koichiro Hirao, Suzuki cars india, Suzuki india

Jet shutdown effect: Traffic growth lowest in 5 years, more trouble for airlines

Expands at just 1.9% year-on-year in the first four months of FY20

travel loans, holiday, vacation, quick loans, personal loans,

Toyota Kirloskar FY19 profit dips 58 pct to 407 crores

Operating income at Toyota, which sells SUV Innova, increased 3.3% y-o-y to `19,633 crore.

Amtek Auto to be wound up on NCLAT order

Liquidation value for bankrupt auto components maker, which owes lenders Rs 12,603 crore, is Rs 4,119 crore

The NCLAT asked the RP to consider only plans submitted by DVI and others based on the original information memorandum. (Represnetative image)
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