Will it be ‘third time lucky’ for Richard Branson in Mumbai? The founder of British airline Virgin Atlantic surely hopes so. In October, the carrier for the third time in its 20-year history in India, launched services between Mumbai and London.Virgin Atlantic first pulled back from Mumbai in 2008. Four years later, it relaunched with much fanfare only to pull back in 2015. All the while, Virgin Atlantic continued with its Delhi-London flights. The British capital is the busiest long haul destination from India. While giving out hope that there won't be a fourth time, Branson underlined that it was an opportune time for his airline to come back to Mumbai. His colleague Juha Jarvinen, EVP, Commercial, explained: "In the last five years, the market in Mumbai has grown by 25 percent. And, despite Virgin Atlantic launching services, the capacity in the Mumbai-London route is still down 35-40 percent (compared to 2018)." The opportunity has come up after Jet Airways, which … [Read more...] about Mumbai calling for Virgin Atlantic: Will it be ‘third time lucky’ for Richard Branson?
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Prince Mathews ThomasMoneycontrolUnion Budget 2018 should have been welcomed by farmers with rounds of milk or buttermilk, depending on the region. But that may not necessarily be so.Focusing on rural India, Finance Minister Arun Jaitley on Thursday announced a minimum support price 1.5 times the cost of production for the crops. Coming a year after the government promised doubling farm prices by 2022, the increased MSP was seen as a step towards meeting that target.Close But there are a few hiccups. related news Recap 2019 | 481 deals worth $43.5 billion - Here are the biggest M&As signed this year McLaren looks to India to expand exotic car sales ahead of 2025 IPO After year of living dangerously, Fed expected to signal time to lie low First, and this has been a long-held grievance, farmers aren't happy about the the method government uses to calculate cost of production. The government includes operational expenses (inputs costs and family labour) while … [Read more...] about Budget 2018: Here’s why a higher MSP doesn’t cheer many
The much-tracked auction of Bhushan Steel saw a flurry of activity as the bid deadline got over at 6pm on Saturday, February 3.JSW Steel, Tata Steel and a consortium of Bhushan Steel's employees, possibly backed by a Singapore-based fund, have put in bids for the troubled steel maker.The company, which had accumulated debt of over Rs 50,000 crore, had been put up for auction by the National Company Law Tribunal (NCLT). The bids were submitted on Saturday at the Gurgaon office of Deloitte, whose Vijaykumar V Iyer is the IRP (insolvency resolution professional) for Bhushan Steel.Close It is learnt that other companies such as ArcelorMittal, UK-based Liberty House and Steel Authority of India, who had earlier submitted expressions of interest, did not submit bids for the company. "The company hasn't submitted a bid," said a source close to Liberty House, owned by NRI billionaire Sanjeev Gupta. related news Pharma market grows 14.5% in November, respiratory drugs lead Future … [Read more...] about Bhushan Steel auction: Tata Steel, JSW Steel and company’s own employees submit bids
Prime Minister Narendra Modi, on December 12, said that the people of Assam have nothing to worry about the passing of the Citizenship (Amendment) Bill, 2019. The prime minister’s statement comes amid massive protests in parts of Assam and the Northeast region against the contentious Bill.The Bill was passed by the Rajya Sabha on December 11. It was passed by the Lok Sabha on December 9.In a tweet, PM Modi said, “I want to assure my brothers and sisters of Assam that they have nothing to worry after the passing of #CAB. I want to assure them- no one can take away your rights, unique identity and beautiful culture. It will continue to flourish and grow.”Close “The Central Government and I are totally committed to constitutionally safeguard the political, linguistic, cultural and land rights of the Assamese people as per the spirit of Clause 6,” PM Modi said in another tweet. related news Passage of Citizenship Bill a victory for nation: Goa CM … [Read more...] about ‘No one can take away your rights’, PM Modi assures people of Assam on Citizenship (Amendment) Bill