Etihad said it would sell 38 aircraft 22 Airbus A330s and 16 Boeing 777-300ERs in the deal with investment firm KKR and leasing firm Altavair AirFinance. Dubai: Abu Dhabi’s long-troubled Etihad Airways said on Tuesday that it will sell 38 aircraft to an investment firm and a leasing company in a deal valued at $ 1 billion. This comes as the latest cost-cutting measure by the United Arab Emirates‘ national carrier. Etihad said it would... 

PV exports stood at 3,65,282 units in April-September period of the current fiscal as compared with 3,49,951 units in the same period of 2018-19. Passenger vehicle (PV) exports increased by over 4 per cent in the first half of the current fiscal, with Hyundai Motor India leading the segment with dispatches of over 1.03 lakh units to various geographies like Africa and Latin America, as per the latest data by SIAM. PV exports stood at 3,65,282 units... 

The H-Social Creator Programme was first instituted by Hyundai Motor Company in South Korea in 2015. Hyundai Motor India Hyundai Motor India’s philanthropic arm Hyundai Motor India Foundation has launched a new programme – H-Social Creator – to support graduate or post graduate students who develop novel ideas on road safety, environment and clean India, and Hyundai Motor India Foundation will invest Rs 15 lakh as seed capital in... 

Lawmakers in California want to reclassify workers treated as independent contractors, which may dramatically boost costs for Uber and other companies built around the gig economy. Uber Technologies Inc. has generated billions of dollars from the labor of its drivers without the expense of treating them as employees. California is poised to disrupt that business model, and the ride-hailing behemoth is gearing up for a legal fight. Lawmakers in the... 

Experts say Ola is wooing top industry veterans whose experience of building global businesses and understanding of emerging markets will be valuable to Ola Electric Pawan Munjal Billionaire Pawan Munjal, chairman of Hero MotoCorp Ltd, the country’s largest two-wheeler maker, is in advanced discussions to invest in Ola Electric Mobility (Ola Electric), the ride-hailing firm’s electric vehicle arm, according to sources. “Conversations are... 

Aiming towards a smooth roll out of Goods and Services Tax (GST) from 1 July, the GST Council will look into the three GST laws in its next meeting, scheduled for 18 February. West Bengal finance minister Amit Mitra, who also heads the empowerment panel on GST. The session by the Secretaries Panel at CNBC-TV 18 Mint’s ‘Budget 2017: The Verdict’ programme in New Delhi on Thursday evening discussed in detail the GST and its power... 

New Delhi – Handset maker Gionee will set up a manufacturing unit in northern India, pumping in about Rs 500 crore, to tap into the demand in India as well as to serve markets like Africa and South East Asia. Arvind Vohra, managing director and CEO of Gionee India. The Chinese company, which assembles its smartphones in India through third-party players like Foxconn and Dixon, expects the plant to be operational in about 2 years. “We... 

Mahindra & Mahindra on Wednesday reported a standalone net profit of Rs 955 crore in the June quarter, beating Street estimates. Net sales rose 14 per cent to Rs 11,942 crore. M&M’s tractor division outperformed, with sales rising 21 per cent to 71,785 units Religare Securities said M&M’s Q1 numbers are operationally “in line”. Standalone EBITDA margin came in tad above estimate at 11.6 per cent, while margins for... 

Adani Ports and SEZ shares jumped over 8 per cent on Wednesday, a day after the port operator reported a 31 per cent jump in its June quarter profit. Adani Ports – India’s largest port developer – was the top Nifty50 gainer today. Adani Ports’ cargo volume rose 7% during the quarter, outperforming all-India port growth of 4% Adani Ports reported a consolidated net profit of Rs 836 crore on total income of Rs 1,826.58 crore... 

Shares of  Kingfisher Airlines saw an increase of around 9 percent today after a letter sent to employees from Chairman Vijay Mallya highlighted plans for a revival to be funded with 6.5 billion rupees from his UB Group. Kingfisher, which lost its operating licence  in the December last year has not flown since the beginning of October, filed its plan, which consists of the identical funding amount from UB, to regulators in late December. Kingfisher,...