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SpiceJet profit needs some explanation

SpiceJet profit needs some explanation

For industry observers, the airline’s results are a surprise regarding the reported profit. SpiceJet results report profits are up 161%, while operational revenues are up 2%. The airline reported a net profit of Rs 232.8 million, excluding a foreign exchange...
Tata wins bid for troubled Air India

Tata wins bid for troubled Air India

After a long and uncertain period, the future of troubled Air India is now more clear. India’s industrial conglomerate Tata Group through its subsidiary Talace Pvt has become the new and 100-percent owner of Air India, low-cost subsidiary Air India Express, and 50...