Aneesh Phadnis
Aneesh Phadnis
Page 58 - Aneesh Phadnis
Going gets tough for Elder Pharma COO
According to the CBI the firm owes over Rs 150 crore to fixed deposit investors and over Rs 1500 crore to lenders and creditors
 "Going gets tough for Elder Pharma COO")
AI aims higher operating profit, debt rejig in works
The national carrier made an operating profit of Rs 105 cr in FY16, against a loss of Rs 2,636 cr in FY15
 "AI aims higher operating profit, debt rejig in works")
Staff crunch hits Air India's MRO plan
AI hived off its engineering department into a separate unit last January, to tap business from other airlines
 "Staff crunch hits Air India's MRO plan")
Govt wants airlines to set up simulators
Airlines that mostly outsource training criticise the move citing high setup cost
 "Govt wants airlines to set up simulators")
Piramal aims to be among top 3 in OTC business
In the past two years, Piramal has made six acquisitions in the health care business, of which three are for the OTC business
 "Piramal aims to be among top 3 in OTC business")
AirAsia India's control issue in spotlight as govt denies knowledge of key JV agreement
AirAsia India is co-owned by Tata Sons and AirAsia Malaysia
 "AirAsia India's control issue in spotlight as govt denies knowledge of key JV agreement")
 "Airlines: Traffic to zoom beyond 100 mn in 2017")
Sun will recall 31,762 bottles of anti-depressant
This is a class III recall initiated voluntarily by Sun
 "Sun will recall 31,762 bottles of anti-depressant")
AirAsia India lures flyers with a chance to win gold coins
In totality the airline is giving out gold coins weighing a kilogram which is priced around Rs 30 lakh at current market price
Airlines to fly new foreign routes from Delhi, Mumbai
International air traffic set to grow 10 per cent as more Indians make leisure trips
 "Airlines to fly new foreign routes from Delhi, Mumbai")
Piramal acquires five brands for Rs 1,164 crore
Upfront payment of $155 mn to be made to Janssen Pharmaceutica for acquisition
 "Piramal acquires five brands for Rs 1,164 crore")
AirAsia India rejigs management team
The airline has elevated Captain Manish Uppal as its director flight operations from his current role as head of training
 "AirAsia India rejigs management team")
Goa to handle 27% more chartered flights on rising Russian demand
Travel demand is picking up in Goa and it has benefited particularly because of a Russian travel ban to Egypt
 "Goa to handle 27% more chartered flights on rising Russian demand")
Flight Centre expands India operations, buys Travel Tours Group
Acquisition carried out by Flight Centre's Indian subsidiary FCM Travel Solutions in a cash and stock deal; combined entity will have a gross revenue of Rs 3,000 cr
 "Flight Centre expands India operations, buys Travel Tours Group")
Intas buys Teva assets for Rs 5,100 cr
Ahmedabad-based firm beats domestic rival Aurobindo, global giants Mylan and Novartis
 "Intas buys Teva assets for Rs 5,100 cr")
Domestic airlines will operate 21% more flights in winter schedule
During this year's winter schedule, there will be 16,600 flights per week compared to 13,744 flights per week last winter
 "Domestic airlines will operate 21% more flights in winter schedule")
Air Costa receives national permit
At present the airline covers 8 destinations including Vijayawada, Bengaluru, Chennai, Hyderabad, Jaipur, Ahmedabad, Tirupathi, and Vizag
 "Air Costa receives national permit")
New products, campaigns to boost Sun Pharma OTC sales
After tying up with Nykaa, pharma major plans to sell products online
User fee waived for Mumbai fliers
Currently, domestic fliers from Mumbai are levied a UDF of Rs 274 (excluding service tax) which has now been done away with
 "User fee waived for Mumbai fliers")
No user development fee for domestic flights from Mumbai airport
Landing charges for domestic flights to go up, airlines may hike fares
 "No user development fee for domestic flights from Mumbai airport")