The Sensex has been in correction mode for the last few days, falling over 2%. What explains the sudden softness? We look at an interesting trend, and a break in it which points to a downhill trek for the markets in the short term. Separately, there is a change in the pecking order of the Indian aviation industry. How did a smaller Vistara manage to go past SpiceJet?
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A premium offering from India’s largest airline has not evoked the expected response from flyers and just goes to show that breaking away from its low-cost DNA isn’t easy.
The partnership between his InterGlobe Hotels and French multinational Accor poses a serious challenge to the leadership of Tata’s IHCL and American multinational Marriott in the hospitality business.
The Ajay Singh-led airline may have claimed it has turned profitable, or has a positive net worth for the first time in a decade, but a closer look suggests otherwise.