There is some bad news for domestic air travelers. In a latest move major Airlines (Air India, Jet Airways and Kingfisher Airlines) including low-cost carriers have withdrawn all promotional fares and increased basic fares by around Rs 2,000 on several sectors from Tuesday.
The companies have decided to stop the low-fare advance purchase (APEX) schemes, quoting that the airfares would now be decided by the market.
India's No. 2 motorcycle maker, Bajaj Auto plans to increase its stake from 25% to 30% in KTM Power Sports, Europe`s second-largest sports bike manufacturer.
During a press conference, Rajiv Bajaj, Managing director of Bajaj Auto, disclosed that the company is tightening its grip on KTM Power Sports and the stake hike would be concluded in six to eight weeks.
The initial public offer (IPO) of Chennai-based Edserv Softsystems of Rs 20 crore managed to sail through even while the Rs 44-crore IPO of Gemini Engi-Fab has been pulled off last week due to lack of investor confidence.
According to data revealed by National Stock Exchange, the IPO of EdServ Softsystems has received 51,49,000 bids as against issue size of 39,73,908 shares and got subscribed 1.30 times.
The price band for the issue was fixed between Rs 55 and Rs 60.
There is some bad news for domestic air travelers. In a latest move major Airlines (Air India, Jet Airways and Kingfisher Airlines) including low-cost carriers have withdrawn all promotional fares and increased basic fares by around Rs 2,000 on several sectors from Tuesday.
India's No. 2 motorcycle maker, Bajaj Auto plans to increase its stake from 25% to 30% in KTM Power Sports, Europe`s second-largest sports bike manufacturer.
The initial public offer (IPO) of Chennai-based Edserv Softsystems of Rs 20 crore managed to sail through even while the Rs 44-crore IPO of Gemini Engi-Fab has been pulled off last week due to lack of investor confidence.
