- IndiGo to expand ops, rules out fare hike
- Consim shelves share sale plan
- Technical textiles to touch Rs. 1.4 trillion
IndiGo to expand ops, rules out fare hike
Low-cost air carrier IndiGo Airlines has said it will allocate almost 16% of its fleet capacity for international operations by March and ruled out any hike in fares in the near term.
“By next March, that is the first six months of our international operations, we will be dedicating 1516% of our total aircraft capacity to international operations”, IndiGo president Aditya Ghosh told reporters in Mumbai.
“Hopefully, this would be profitable too. By next March, we should have about 55 aircraft,“ he added. When asked whether the airline plans to hike fares in the run up to the festive season, Ghosh replied in the negative.
Consim shelves share sale plan
Consim Info Pvt. Ltd, owner of the matchmaking website Bharatmatrimony.com, has shelved plans to raise capital by listing the company on the stock exchange, and is digging into profits for more than $2.5 million to fund domestic and international expansion.
The Chennaibased online service provider has launched country specific matchmaking websites in Pakistan and Sri Lanka in the last few months, and plans to launch one in Bangladesh India
The share sale, which was also postponed in 2009, remains elusive for the firm in a market reeling under inflationary pressures and a likely slowdown in the global economy.
Technical textiles to touch Rs. 1.4 trillion
The industry is valued at `570 billion in 201011. The research paper, prepared by the Federation of Indian Chambers of Commerce and Industries (FICCI), Wazir Advisors and Ernst and Young, said the major growth drivers include government support; increased investor interest, presence of a large, untapped market, steps to introduce regulatory norms for technical textile usage, and increase in retail and industrial consumption.
(Source-: mintlive.com)