Tata Group News
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AirAsia Bhd., the region’s biggest budget carrier, reported its first drop in profit in five quarters as higher fuel and finance costs eroded gains from carrying more passengers.
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AirAsia X Bhd., the long-haul arm of Asia’s biggest budget carrier, has started gauging investor interest for its $300 million Malaysian initial public offering.
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Jet Airways (India) Ltd. may announce an order for more than 100 planes from Boeing Co. and Airbus SAS at the Paris Air Show next month, the CAPA Centre for Aviation said, after the carrier won investment from Etihad Airways PJSC.
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Tata Industries Ltd. signed an agreement with Tel Aviv University to invest $5 million in a fund as the Mumbai-based company’s new chairman seeks to boost investment in innovation and technology.
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Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
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SpiceJet Ltd., the discount carrier controlled by billionaire Kalanithi Maran, will add flights to mainland China as trade expands between India and the world’s second-biggest economy amid intensifying competition at home.
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Can a car be too cheap? Tata Motors Ltd. is hinting at pricier models based on the Nano, the $2,000 compact it introduced with great fanfare in 2008. The reason: Few buyers wanted a vehicle that was primarily pitched as an inexpensive alternative to a motor scooter.
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Tata Sons Ltd. Chairman Cyrus Mistry, chasing his predecessor’s vision of boosting revenue fivefold in the next decade, is searching for a head of mergers and acquisitions, a person familiar with the plan said.
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Narendra Modi took his free-market economic ideology to a former bastion of communism where he pilloried India’s national government that he said had run out of ideas and was ruining the economy.
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Coal imports to India, the world’s third-largest consumer, rose 35 percent in February from a year ago, shipping data show.
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