Finance Ministry to rework proposal for Air India sale after considering oil price
NEW DELHI: The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier. The ministry’s proposal, to be placed before Air India Specific Alternative […]
Oil price, infra constraints key challenges for airlines: SpiceJet CMD
NEW DELHI: Fluctuation in oil prices, yield indiscipline and airport infrastructure constraints remain three main challenges for Indian aviation market, SpiceJet Chairman and MD Ajay Singh said. Yield is the measure of average revenue paid by each passenger per mile. “The largest risk, of course, is oil…From an airlines perspective, what we can do and […]
Earnings to drive stock markets; oil, rupee also to be watched: Experts
NEW DELHI: Trading in the stock market will continue to be guided by the ongoing quarterly earnings season, with some blue-chips like Wipro and Bharti Airtel scheduled to announce their results this week, say experts. Key factors such as movement of the rupee and crude oil prices would also be keenly watched for further cues, […]