Arun Nayal

Articles By Arun Nayal

111 Articles

Air India net loss falls 17.6% to Rs 5,337 crore in FY18

After a failed attempt to privatise Air India earlier in the year, the government is working on a new model to change Maharaja’s fortunes.

Industry News

We want to position ourselves as a premium brand, says Satish Sharma of Apollo Tyres

Apollo Tyres is focusing on metros for car tyres and rural markets for commercial vehicles to achieve its leadership goal in the domestic market by 2020-21. Satish Sharma, president (Asia Pacific, Middle East and Africa) exp

apollo tyres, apollotyres news, news news today, news update News

Pie in the sky: Vistara’s overseas plans in trouble as Air Asia probe drags on

Vistara, which began operations in January, 2015 got its 20th aircraft in April and currently has 22 aircraft in its fleet so it can begin services to two overseas destinations.

Airlines/Aviation News

Max India promoters decide not to convert warrants into shares

Shelve plan to convert 19.3 million warrants into shares for approximately Rs 300 crore over current low price of the stock.

Industry News

Fly like Maharaja: Flyers can now bid for Air India business class

Air India last reported loss stood at Rs 5,765 crore for the year ended March 2017. The government has infused closed to Rs 2,000 crore into the airline so far this fiscal.

India News

Big turbulence: IndiGo lone survivor as aviation sector suffers huge losses

Jet Airways and its low-cost subsidiary JetLite commanded a share of 14.9% and national carrier Air India had 12.2%.

Industry News

Mounting liabilities: Government to repay Air India’s Rs 12,000 crore debt

Despite fiscal constraints, the Centre is likely to provide Rs 12,200 crore from the Budget — half of it this fiscal and the balance in the next year — to retire 40% of the Rs 30,000-crore working capital debt of Air Indi

Industry News

Wings clipped: AAI cancels 84 licenses of Air Odisha, Deccan Charters

Air Odisha and Deccan Charters were allotted the routes in March 2017 and scheduled to start operations within six months or by September 2017.

Industry News

SpiceJet turnaround comes apart as oil prices rise

While SpiceJet’s managing director Ajay Singh has been credited with turning around SpiceJet, which he took over from the Marans in January 2015, the September quarter has been one of the worst for the low-cost carrier.

spicejet, aviation sector, aviation industry News

lnterview: ‘We look to bring new energy to middle-weight bike segment,’ says YS Guleria, senior VP, sales and marketing, HMSI

Japanese auto major Honda Motorcycle and Scooter India (HMSI) unveiled two mid-weight sports bike segment at the Milan Motor Show — EICMA.

honda, honda motorcycle News

No festive cheer for Auto industry as car sales crawl, PV sales crash to very low single digits

The Maruti Suzuki chairman had said last week there were few signs of festivity in the car market. Indeed, sales of cars in October reflected little festive cheer with the growth in passenger vehicles skidding to very low sin

Passenger vehicle sales, gst rollout, Domestic PV sales, SIAM, Hero MotoCorp, honda two wheelers, Bajaj Auto, gst News

Mayday! Air India’s market share crashes to lowest ever

Air India's market share plunged to an all-time low of 11.8% in September even as the government-owned carrier grapples with a financial crunch, reports Arun Nayal in New Delhi.

Air India,  Air India market share, IndiGo, bankrupt Air India, National Savings Funds News

At Rs 1 lakh crore, India’s used car market could be more than half of new car market – what’s attracting buyers here

At more than Rs 1 lakh crore in 2018-19, business in the used-car market could be more than half that done in the new car market.

cars, automobile sector, automobile industry News

Car discounts galore! Dealers offer big savings to car buyers to push sales in festive season

Car buyers may enjoy huge car discounts as car makers look to shift gears in the festive season after having been pretty much in the slow lane so far this year.

Industry News

Bad news for riders. Bikes, scooters to cost more. Here’s what will drive prices up

Sales of two-wheelers in the home market grew 15% in 2017-18 but the pace moderated to 11% y-o-y in the first five months to August.

Industry News

New Air India turnaround plan; it’s massive debt of Rs 33,000 cr to move to an SPV. Details here

The airline's losses may shoot up in FY19 as aviation fuel costs have gone up by 35% year-on-year in the past one year.

Industry News

PM Narendra Modi inaugurates Uttarakhand investors’ summit, says India to aid global development

The Uttarakhand government has identified 12 focus areas to attract investment.

Economy News

Forget fare hike! Airfares have actually gone down on metro routes; here’s why

While air passenger traffic has grown smartly over the past year, airlines have not been able to raise fares. That’s because they have added too much capacity; analysts say the sweet deals on aircraft purchases that carrier

Airlines/Aviation News

Plans of airlines for festival season to take a hit – Here is why

The government's decision to impose a 5% import duty on aviation turbine fuel (ATF) could adversely impact airlines’ plans to cash in on the upcoming holiday season.

atf, aviation sector, aviation industry News

Say goodbye to long queues, congestion at airports! Big step being taken for improving services; details here

External agencies being appointed to ensure service quality at major airports.

Airlines/Aviation News

Vistara’s overseas plan will not get derailed due to CBI probe

Civil aviation secretary RN Choubey said the inquiry against AirAsia India is not an obstacle for Vistara, a JV between Tata Sons and Singapore Airlines, to get approvals under the national civil aviation policy of 2016.

Industry News

Tariff determination for airports: Skepticism greets government’s proposal

While sound in theory, the move to fix tariffs before airport bids are invited needs to be reappraised, say industry stakeholders.

Airlines/Aviation News

4 Air India grounded planes to be back in service next week

Four of Air India's grounded aircraft are likely to be back in service from next week as the carrier has placed the order for new engines post the government releasing around Rs 980 crore as supplementary grant.

Air India, Air India planes, Air India aircrafts, Air India engines, flying fleet, india, industry news

Kwid sales skid 30% in January-July

French carmaker Renault's Kwid, a SUV-styled small car, seems to have run out of gas after a spectacular start three years ago. Kwid’s monthly sales have declined 30% during January-July 2018 compared to the year-ago period

Industry News

Govt may infuse Rs 2,200 cr more into Air India in 2018-19

Centre may infuse additional Rs 2,200 crore in the debt-ridden national carrier later in the current financial year to meet an estimated shortfall in working capital requirement to service loans and pay salary in time.

Industry News

SpiceJet set to venture into cargo operations

Low-cost carrier SpiceJet is set to venture into cargo operations from next month, becoming the first domestic airline to start dedicated freighter plane service.

Airlines/Aviation News

Long queues in airports might be a thing of the past; here is how

Soon, flyers can use their facial identity for swift and hassle-free movement inside airports.

aai, airport, aviation sector, aviation industry News