It will come as a relief to those, who have to travel regularly by air and were frustrated by paying high fares time and time again, since it was announced by Kingfisher Airlines chairman Vijay Mallya that his airlines would cut fares by 1st January. Though he did not quantify the cut, sources confirm that it would be between 10% and 15%. So overall, the fares could further drop between Rs 500 and Rs 1,000. There had been reduction of fuel surcharge by Rs 400 during the last month.
The country’s leading private air-carrier, Kingfisher Airlines, has decided to cut fares across its network from January 1.
The fare-cut is expected to be in the range of 12–15%. However, the company did not specify the quantum by which fares would come down.
It may be noted that Civil aviation minister Praful Patel had repeatedly asked the airlines to pass on the benefit of sharp a drop in ATF prices to passengers.
For the last four months, a dramatic fall in ATF prices has been noticed.
Leading global education management systems provider, Core Projects & Technologies announced that it has acquired a unit of US-based education firm The Princeton Review, for USD 20 million (nearly 97.5 crore).
In a statement, the company said that the acquisition will be completed through its wholly owned subsidiary CORE Education & Consulting Solutions Inc, USA (CECS). The statement also added that the acquisition will be funded out of debt.
It is learnt that the takeover of the K-12 division of The Princeton Review (TPR) will add about USD 24 million to the global revenues of Core Projects & Technologies.
The deal also includes the acquisition of products and solutions, along with management team of TPR.
One of the country's top private air-carrier, Kingfisher Airlines has announced that it would effect fare cut across its network from January 1.
In a press release, Kingfisher Airlines chairman Vijaya Mallya said, “Kingfisher Airlines will begin the New Year on an aggressive note by slashing fares on its network.”
However, Mallya did not state the quantum by which fares would come down.
On Friday, the country's leading passenger car maker, Maruti Suzuki announced that it had started to export its newly launched small car A-star to Europe.
M.M. Singh, the company's managing executive officer (production) informed, “This dispatch of first consignment of A-star from Gurgaon railway station is a quantum leap for Maruti Suzuki towards the company's future as a small car manufacturing hub for Suzuki, Japan.”
The first batch of A-star exports has left in an especially designed wagon from the Gurgaon railway station for Mundra port in Gujarat.
India's largest steel maker Tata Steel is forced to extend the deadline for commissioning the first phase of its steel plant in Vietnam. The project has been delayed due to the problems with land acquisitions in the special economic zone where large number of companies are setting up their projects.
It will come as a relief to those, who have to travel regularly by air and were frustrated by paying high fares time and time again, since it was announced by Kingfisher Airlines chairman Vijay Mallya that his airlines would cut fares by 1st January. Though he did not quantify the cut, sources confirm that it would be between 10% and 15%. So overall, the fares could further drop between Rs 500 and Rs 1,000. There had been reduction of fuel surcharge by Rs 400 during the last month. 
The country’s leading private air-carrier, Kingfisher Airlines, has decided to cut fares across its network from January 1. 
One of the country's top private air-carrier, Kingfisher Airlines has announced that it would effect fare cut across its network from January 1. 
On Friday, the country's leading passenger car maker, Maruti Suzuki announced that it had started to export its newly launched small car A-star to Europe.
India's largest steel maker Tata Steel is forced to extend the deadline for commissioning the first phase of its steel plant in Vietnam. The project has been delayed due to the problems with land acquisitions in the special economic zone where large number of companies are setting up their projects.
