Arun Nayal

Articles By Arun Nayal

106 Articles

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 News

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 News

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 News

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 News

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 News

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 News

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, News

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.

Industry News

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) News

Airports to become world-class! AAI hikes capital expenditure significantly to upgrade infrastructure

After a successful round of airport privatisation earlier this year, the AAI has set the ball rolling to offload more aerodromes from its kitty in the coming months.

AAI, Airports Authority of India, airport infrastructure, aviation market, airport privatisation, capital expenditure News

Diwali travel: Airfares expected to rise, book air tickets now

Domestic airlines capacity, measured in terms of available seat kilometre, stood at 13.1 billion during June 2019 as compared to 12.7 billion exactly a year ago.

Diwali, Diwali tickets, big savings, big savings on tickets, festival season, Jet Airways, air tickets, SpiceJet, IndiGo News

SpiceJet says next quarter will be tougher for airlines

We had to accommodate passengers booked on our B737 Max aircraft on the new planes which started to come towards the end of May and June, says Koteshwar.

SpiceJet, SpiceJet CFO, Kiran Koteshwar, Kiran Koteshwar interview, passenger traffic, industry news

Air India SPV gets waiver on sovereign guarantee clause

AIAHL, which houses `29,464 crore of the national carrier’s debt, is looking to raise around `22,000 crore through government-backed and government-serviced bonds

Air India sale, Air India budget, jet airways, Air India buyer, Air India Asset Holding, AIAHL, Food Corporation of India, Air India debt, Air India total debt, Air India bailout, Air India rating, Air India Icra, Airline Allied Services and Hotel Corporation of India, finance minister Nirmala Sitharaman, Nirmala Sitharaman budget, Nirmala Sitharaman budget speech News

Slowdown bites: HMSI reports 10% year-on-year decline in profit

Honda Motorcycle and Scooter India (HMSI) reported a 10% year-on-year decline in profits to Rs 1,779 crore during 2018-19 mainly due to slowdown in scooters sales, according to its filing with the ministry of corporate affair

Industry News

Delhi HC rejects plea to withdraw overseas permit to AirAsia India

AirAsia India could soon be flying into international skies with the Delhi High Court refusing a plea to stop the award of overseas permit to the budget carrier.

Industry News

Modi government may lease out 10 airports including Varanasi, Patna, Amritsar under PPP model

Unlike the last round, the probable list for privatisation includes loss-making airports like Indore and Raipur

Privatisation of airports, Civil Aviation ministry, PPP model, GMR group, Airports Authority of India, Adani Enterprises News

Air turbulence: IndiGo warring duo may resolve row this week

The negotiations are being steered by board chairman M Damordaran and independent director on the board Anupam Khanna

IndiGo, IndiGo crisis, Rakesh Gangwal, Rahul Bhatia, InterGlobe Enterprises, InterGlobe Aviation, sebi, latest news on indigo News

Truce finally? IndiGo promoters may bury the hatchet

IndiGo on Sunday said it will amend its Article of Association (AoA) for expanding its board size to 10 that includes the appointment of an independent woman director as mandated by Securities and Exchange Board of India (Seb

Industry News

IndiGo: Rakesh Gangwal likely to seek procedural changes in RPTs in next board meet

Rakesh Gangwal could be questioned by the IndiGo board on his allegations of corporate governance lapses by his partner Rahul Bhatia and his controlled Interglobe Enterprises.

IndiGo airlines, IndiGo news, IndiGo, Rakesh Gangwal, EGM, industry news, IndiGo crisi,  News

Jewar airport on fast-track! GMR, Adani, L&T, Reliance Infra in race for Rs 16,000 crore project

Jewar Airport: The bidding for Jewar project is expected to witness keen competition between existing players and new entrants as it will be the second airport in the national capital region. It will be developed under the pu

Jewar Airport, GMR, Adani, L&T, Rel Infra, GMR, NIAL, Fairfax India, sovereign wealth fund NIIF, PNC Infrastructure  News

Suzuki pips Hero to become the third-largest scooter makers

SMIPL, a subsidiary of Suzuki Motor Corporation Japan, clocked sales of 1,67,509 scooter units during April-June quarter compared to 1,11,238 units by Hero MotoCorp in the same period.

At the end of FY19, Hero’s domestic scooter sale stood at 7,19,087 units News

Turbulence at IndiGo: Promotors trade fresh charges

As reported on July 9, Sebi has sought response of Interglobe Aviation, which runs the IndiGo airline, on Gangwal's letter by July 19.

IndiGo airlines, IndiGo news, IndiGo, Rakesh Gangwal, EGM, industry news, IndiGo crisi,  News

Ahead of Air India sale, govt calls for impact study of Jet Airways’ closure

Air India reported a loss of `7,635 crore in FY19 and had a total debt of `58,351 crore at the end of March 2019.

air india sale, psu, disinvestment, air india disinvestment, air india news, industry news

AirAsia India plans to add nine planes to fleet by end of 2019

The airline, a joint venture between Tata Sons and Malaysia-based AirAsia Berhad, received eight slots at Mumbai airport that were earlier operated by Jet.

airasia, airasia india, airasia domestic carrier, promotional base fare, airasia passengers, aviation, vistara, aviation sector, aviation industry News

Budget 2019: Govt plans comprehensive restructuring of national highway programme

Union Budget 2019: The aim is to significantly improve logistics, reduce the cost of transportation and increase competitiveness of locally manufactured goods.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019: Aviation sector to get major boost as govt eyes maintenance hub status

Budget 2019-20: Having maintenance, repair and overhaul facilities has been a long-standing demand of industry

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News