Alliance Air, a subsidiary of Air India is about to withdraw its flights from seven Northeast airports, including those in Tezpur, Lilabari and Shillong, post non-payment of funds by the North Eastern Council (NEC) from January 1, 2013. However, Alliance Air will be operating from Guhawati, Silchar and Imphal, the important destinations in the regions.
These aircrafts, the 60-seater ATR turboprops now redeployed to profitable routes. The NEC finances Alliance Air’s operations each year
Thursday, 3 January 2013
Air India forced to withdraw from Northeast fleets
Alliance Air, a subsidiary of Air India is about to withdraw its flights from seven Northeast airports, including those in Tezpur, Lilabari and Shillong, post non-payment of funds by the North Eastern Council (NEC) from January 1, 2013. However, Alliance Air will be operating from Guhawati, Silchar and Imphal, the important destinations in the regions.
These aircrafts, the 60-seater ATR turboprops now redeployed to profitable routes. The NEC finances Alliance Air’s operations each year
These aircrafts, the 60-seater ATR turboprops now redeployed to profitable routes. The NEC finances Alliance Air’s operations each year
Revival of Hitachi and lessons learnt
Hitachi has staged an impressive turnaround, booking a record 347 billion yen ($4 billion) in net profit in the year through March 2012 as against its 787 billion yen, or $9.2 billion, loss in 2009, while rivals like Sony, Sharp and Panasonic continue to struggle in FY 2012.
Hitachi, a city of 190,00 and the company’s longtime production hub, there is little celebrating. Instead, the deserted streets and shuttered workshops speak of the heavy toll levied by the aggressive streamlining,
Hitachi, a city of 190,00 and the company’s longtime production hub, there is little celebrating. Instead, the deserted streets and shuttered workshops speak of the heavy toll levied by the aggressive streamlining,
Economy push to the next level of growth
The Indian economy in 2012 has gone through stress in the form of dwindling investor confidence and uncertain markets on account of the various concerns which have been plaguing the nation for some time now. These issues can broadly be classified as high inflation, high twin deficits (Fiscal Deficit and Current Account deficit), policy paralysis and perception impacting events like 2G scam, Coalgate scam, etc.
Lower inflation and inflationary expectations:
Inflation has taken its toll on the
Lower inflation and inflationary expectations:
Inflation has taken its toll on the
Half of malls in India are vacant
Over half of the total number of malls in the Delhi-NCR region are vacant due to reasons like economic slowdown, poor designing and lack of robust revenue generation model, a survey by Assocham has said. The total rate of vacancy in malls in Delhi-NCR is 55 per cent, while in Mumbai it is 52 per cent followed by Ahmedabad (51 per cent), Chennai (50 per cent), Hyderabad (48 per cent), Bangalore (45 per cent).
It said that construction of several malls have significantly been delayed and
It said that construction of several malls have significantly been delayed and
Coal blocks reallocation to NTPC
Power Ministry is awaiting procedural clearances related to re-allocation of three coal blocks to NTPC before moving ahead with the over Rs 12,000 crore disinvestment plan for the state-run utility. The government has decided to re-allocate three coal blocks i) Chatti Bariatu, ii) Kerandari and iii) Chatti-Bariatu (South) to NTPC but all the necessary clearances are not in place.
The reallocation will help the company in getting better valuations at the time of disinvestment. The issue is
The reallocation will help the company in getting better valuations at the time of disinvestment. The issue is
Essel into investment Banking and private equity
The $4 billion media conglomerate, Subhash Chandra owned group 'Essel Group' has made a foray into financial services sector in India. Essel Group already has presence in areas of media (Zee Entertainment Ltd, Zee News Ltd and DNA), Technology (Dish TV, Wire Wireless India), Packaging (Essel Propack), Entertainment (Playwin, Fun Multiplex), Infrastructure (Essel Infraprojects, E-City Real Estate, Siti Energy Ltd) and Education (Zee Learn).
Essel has set up a new arm Essel Financial Services
Essel has set up a new arm Essel Financial Services
subhash chandra essel group, essel group india, essel group of companies
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