Jet Airways expand low cost service with Jet Konnect

08 may 2009

Airways with a 25.3% market share has made a surprise move of launching an additional low cost carrier brand ‘Jet Airways Konnect’ to augment its existing LCC ‘JetLite’ bought from Sahara Airlines.

ITC Hotels looking to acquire new properties, is Oberoi on radar?

12 dec 2008

Indian hospitality sector already plagued with global recession and terror attacks, may have found some sort of activity going their way. The latest seems to be a comment by ITC that they are looking to buy new hotels and expand their business in such times of adversity.

DSP BlackRock – making way for Merrill Lynch exit in India

11 nov 2008

The erstwhile DSP Merrill Lynch Mutual Fund has been renamed as DSP BlackRock Mutual Fund as a result of the global merger of ML’s AMC business with BlackRock in 2006. The change is more or less same as the shareholding patter, management, fund managers and investment objectives of the AMC remains the same.

Religare acquires Lotus Mutual Fund to kickstart their Mutual Fund business

04 nov 2008

Religare Enterprises, with the loads of money its promoters got from selling their Ranbaxy stake to Daiichi Sankyo has now acquired 100% of Lotus India Mutual Fund from Temasek-promoted Alexandra Fund Management and Sabre Capital for an undisclosed amount.

Star-Balaji-9X episode witnesses new twists

25 sep 2008

The growing number of Hindi GEC has finally taken its toll, with talks of channel 9X selling itself to Balaji Telefilms gaining steam. 9X is run by INX Media, which is promoted by former Star TV India Chief Peter Mukherjee who along with his wife has a 50% stake in the company.

Aziz Premji picks stake in Subhiksha, fuels rumours of sell out

06 sep 2008

After picking up a 10% stake in Subhiksha for Rs.230 crore, Wipro’s Aziz Premji may have created speculation that Subhiksha promoters are looking for an exit owing to its astronomical valuation of Rs.2300 crores.

Finally Deccan paves way for Kingfisher Red

28 aug 2008

From August 29, 2008, the pioneer name in low cost air travel, Deccan has landed and has paved way for a new brand ‘Kingfisher Red’. The brand ‘Simplifly Deccan’ and its blue colour logo of two palms joining together forming a flying a bird would be changed to Kingfisher’s trademark red colour.

Sony Ericsson plans to buy Spice Mobile, overtake Samsung Mobile

10 jul 2008

After exiting its cellular phone service biz under Spice Communications, BK Modi is considering exiting Spice Mobile, its mobile phone manufacturing business. It is reported that world’s third-largest handset manufacturer Sony Ericsson may buy out a majority stake in Spice Mobile.

Kingfisher on course to dominate Indian aviation space by buying SpiceJet

04 jul 2008

Vijay Mallya is probably beginning another round of consolidation in Indian skies by buying out a controlling stake in low cost carrier SpiceJet through a combined cash and share swap deal.

Deccan may be renamed as Kingfisher Max

26 jun 2008

After changing name from ‘Air Deccan’ to ‘Simplify Deccan’, a fresh round of name change is expected to happen with the new name most likely to be ‘Kingfisher Max’. And with growing ATF prices, the low-cost model certainly does not seem to work for now, as a result the low-cost characer of the airline would also go and it would operate on sectors with high load factor and low operating costs.