NEW DELHI India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters.
* Probe to assess antitrust violations at Mumbai
NEW DELHI/MUMBAI, Nov 14 Tata Sons Ltd
is in pursuit of a controlling stake of debt-laden
Jet Airways Ltd, a purchase which could transform
India's largest conglomerate from airline fringe player into the
country's dominant, full-service international carrier.
NEW DELHI/MUMBAI Tata Sons Ltd is in pursuit of a controlling stake of debt-laden Jet Airways Ltd , a purchase which could transform India's largest conglomerate from airline fringe player into the country's dominant, full-service international carrier.
NEW DELHI/MUMBAI Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways , four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.
BENGALURU/NEW DELHI Debt-laden Indian carrier Jet Airways Ltd will cut flights on less profitable routes and add capacity to more lucrative markets, as part of its effort to lower costs and boost revenues as it struggles to stay aloft.
* To focus on profitability rather than market share
(Updates with details from airline, CEO comment)
NEW DELHI India's air safety watchdog on Monday suspended the license of a senior Air India pilot, who is also the carrier's director of operations, for three years, a day after he failed two breathalyzer tests before a flight to London from New Delhi.
NEW DELHI/BENGALURU Higher prices, lending curbs and a move to online shopping are denting the cheer for Indian retailers at this year's Diwali Hindu festival, with lackluster sales for high-end items ranging from iPhones to cars and even gold.
NEW DELHI Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world's most competitive car markets is starting to show some success. | Video