It still has not got an Indian partner, which is necessary to qualify as a bidder. Indian regulations allow foreign companies only 49 percent stake in airlines, and the operational control also remains with the local partner. Despite reaching out to many companies, Synergy is yet to get a partner. … [Read more...] about Jet Airways insolvency: The good, the bad and the ugly
KLM, a part of Air France KLM, was once codeshare partners with the defunct airline and in the wake of Jet's collapse had added flights to India.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Dutch player KLM to buy Jet Airways’ assets in the Netherlands
Besides the lightweight materials, the cofounders also focused on making their carryalls easy to convert from one format to another. Most of their bags come with a cross-body strap, so they can be carried as a satchel or a messenger bag. And there is often a duel-purpose, removable pouch that can be used to hold smaller items or even the bag itself, which can be crushed and rolled into a small packet—another plus for travelers. … [Read more...] about MZ Wallace’s new lightweight nylon tote is the ultimate travel bag
“The slowdown in the auto industry has taken a toll on auto ancillaries like TVS Srichakra, Sundaram Clayton. Some of the other players like Lakshmi Machine works have been affected due to trouble at the domestic textile industry not resulting in enough demand for its machines,” he said. … [Read more...] about These 11 small & midcaps fell 30-70% from their 52-week high: time to buy?
"It would be politically incorrect to say that BSVi is not the right route but in my view getting rid of old vehicles would have been much more effective than squeezing the last bit of emission from BSIV vehicle. But instead of that we are going to implement BSVI and impose another Rs 8,000-10,000 Increase. Some of the BS VI two wheelers launched are priced Rs 7,000-18,000. … [Read more...] about Over regulation is killing the auto industry: Rajiv Bajaj