One of the leading airline in India, IndiGo has begun flying low on ‘sale and lease back’ model as its cost of aircraft ownership experiencing increase. During the last fiscal, IndiGo had acquired six ATR aircraft out of its free cash. The low-cost carrier believed it would help bringing the operating cost down in the […]
World Bank 2017 figures define India as world’s 6th biggest economy
World Bank figures for 2017 have declared India as World’s sixth-largest economy. India’s Gross Domestic Product (GDP) amounted to $2.597 trillion as 2017 ended, ahead of France’s $2.582 trillion placed at the 7th positon. As per these figures, India’s per capita is clocked to be approximately 20 times higher than France despite of having a […]
Rajesh Exports MD eyes bigger pie in retail sector, plans expansion of Shubh Jewellers stores
“Our prices are 5-6 per cent lower than other jewelers because we are a vertically integrated company and incur costs of 2.5-3 per cent while our competitors incur 11-12 per cent cost.” -Rajesh Exports MD Shubh Jewellers, the retail jewelry chain by Rajesh Exports, one of the leading gold companies in the world, is making […]
Subrata Roy’s Sahara India Pariwar expects a comeback in the next fiscal year, optimistic about getting out of financial constraints
Tangled up in the long-running financial constraints, Sahara India Pariwar, led by Subrata Roy, is confident of getting out of it by the next fiscal year. The company said it will enter several new businesses and regain a leading position as an Indian conglomerate. Sahara India has been caught in a prolonged legal battle with […]
Investor Gennady Barsky has high hopes for Saudi’s Vision 2030
“It’s a great business opportunity in the making,” says Florida-based entrepreneur Gennady Barsky. Saudi Arabia’s Vision 2030 is a grand project that is revolutionizing the cultural and economic environment of the country. You can easily compare Saudi Arabia of the 90s with the Saudi Arabia of present day. The influence of Wahhabism defined the kingdom […]
Returning too many items on Amazon? Stay cautious, your account might be deactivated
The biggest reason that has helped Amazon pull customers is the ‘no-questions-asked’ return policy. The fact that anyone can return anything within 30 days without any explanation gives Amazon the leverage. The policy let the company manage all their operations smoothly avoiding customer disputes with couriers, sellers and manufacturers. However, the rules have now changed. […]
Registrations open for African Innovation Summit 2018
Registrations are open for African Innovation Summit (AIS). It’s the second iteration of a popular meeting that invites well-known African stakeholders. They get together to find disruptive and creative solutions to challenges pertaining to the social and economical issues of the continent. This year, the African Innovation Summit will be held at Kigali, Rwanda between […]
IRB Infrastructure’s Q4 net profit goes up by 16 per cent
IRB Infrastructure, India’s largest road developing giant, has declared the audited financial results for the Q4 and FY18. The Q4 net profit of the company is up by 16 per cent to Rs 240 crore. On the other hand, the FY18 net profit has surged 29 per cent to Rs 920 crore. The total income […]
Vinod Adani felicitates influential personalities at the India-UAE Business and Social Forum 2017-18
UAE, The 4th edition of World’s Greatest Brands and Leaders 2017-2018 was held on Wednesday, May 9, 2018. Celebrating the Year of The Zayed, the summit was held in Dubai, UAE. Organized by AsiaOne Magazine and URS Media in Dubai, the summit celebrated the Year of The Zayed 2018 while presenting awards to the ‘World’s […]
IndiGo Airline may see a few more resignations of Indian executives in coming months
The hiring of expatriate in last couple of year is speculated as the major sore point of exit of Indian from IndiGo’s key management position. It has been reported that within a period of 1 month, 3 key management heads have resigned from low cost airline. Ajay Jasra, corporate communication head of the airline resigned […]