Vijay Mallya shuts Kingfisher Red at a time when low-cost aviation is flying high. Its 15 single-cabin, no-frills aircraft would be converted into a mix of business and full-service economy class seats to become part of the airline's full-service fleet.

After five years of chasing low-fare passengers and having worsened their financial conditions, a section of the airline industry is getting back to full service model to achieve viability and to stay in business.

The move is in stark contrast to what its chief competitor Jet Airways intends on doing - it plans to increase domestic low-fare capacity to 80-85 per cent of its total fleet.

Indigo features in BT's list of companies that hold great promise to emerge a market leader. Precision operations have helped the low cost airline poke a finger in its competition's eye.SPECIAL: India Inc's rising star companiesOthers in the list:Fortis | Glenmark | Lanco Infratech | Cafe Coffee Day | Nuclear Power Corporation | Axis Bank | iGate

A top industry official said that IndiGo's fares on international routes will be affordable but not necessarily be the lowest given the high airport costs, which they would have to bear while operating from the flashy and costlier Terminal T3 of IGI Airport.

Of the airlines' total debt of about Rs 7,600 crore, in all 13 banks, including ICICI Bank, agreed to convert loans worth Rs 750 crore into equity. The bulk was taken by PSU banks.

Of the 180 planes for which the order has been placed, 150 would belong to the eco-efficient 'neo' series, which are yet to be produced, while the remaining will be A-320s.

InterGlobe Enterprise, that runs IndiGo, is also the holding company for InterGlobe Technologies (IGT), the firm selected by AI last year for handling its call centre service.

All airlines on Sunday continued to charge exorbitant rates for lastminute bookings.

Business associates of Bhupendra Kansagra, who had agreed to sell 7.7 per cent stake in the airline to Kalanithi Maran, had allegedly moved US courts to stall the deal.

For the victims of the IPO scams that hit the market between 2003 and 2005, fair redressal seems to be in the offing, given the Rs 149 crore 'compensation' package recommended by the Justice D.P. Wadhwa Committee Report.

India’s insurance regulator now appears to be following the corporate sector’s credo—tough times are the right time to take difficult decisions.

Here is a recap of the spillover effects of the ongoing economic imbroglio in the past fortnight, across the globe.

If you are plagued by the twin bugaboos of financial formulas and cryptic concepts, turn to this book. Devoid of jargon, yet covering most analytical techniques, it will help you monitor your investments more adeptly, says Sameer Bhardwaj.

Apart from the M&A activity, which saw the birth of JetLite and Kingfisher Red, many carriers are signing agreements with regional players, like the GoAir-MDLR Airlines pact.

A company with the largest market share may also be a good stock to pick if you know what other parameters to look for before you buy.

Prabhudas Lilladher sees growing demand, lower fares and improved connectivity to improve valuations in the aviation sector

MONEY TODAY scans through dozens of research reports from investment houses every fortnight to present you the six most relevant stock recommendations and a sector analysis.

Nine rules to build a stock portfolio that will survive and thrive under all market conditions.

India has a market share of 12% of the offshore market of $10-15 billion. By 2020, Nasscom estimates that as much as 25-30% of the $150-225 billion market for offshore engineering services could belong to India, yielding $40 billion in annual revenues.