Business Short News

Air India planning to boost revenues by wooing high-paying passengers

Air India planning to boost revenues by wooing high-paying passengers

With an aim to boost revenues, Air India is planning to revamp first class and business class cabins on international flights and woo high-paying passengers. Air India has accrued a debt of $7 billion, and plans for a 76% stake sale had to be shelved due to lack of interest from bidders. The changes may allow Air India to make an additional $147 million every year.
Saudi Arabia promises to keep oil market in balance

Saudi Arabia promises to keep oil market in balance

Saudi Arabia has promised to keep oil prices under control by boosting supplies, which may run into 1 million barrels per day to global markets. Khalid al-Falih, Energy Minister at Saudi Arabia, said,"We will do whatever is necessary to keep the market in balance." Al-Falih even gave the lowdown on how things will work while at the OPEC headquarters in Vienna.
Private airline companies to charge more for baggage more than 15kgs

Private airline companies to charge more for baggage more than 15kgs

If you plan to carry baggage more than 15 kgs, be ready to shell out even more than before. Private airline companies including GoAir, SpiceJet and IndiGo have decided to raise the charges for baggage that weighs in excess of 15 kgs, and also fees for those who haven't pre-booked the same. Currently only Air India allows up to 25 kgs baggage in economy class for free.
Infosys on the verge of something momentous: Nandan Nilekani

Infosys on the verge of something momentous: Nandan Nilekani

Nandan Nilekani, non-executive chairman at Infosys, has claimed Infosys is ready for something momentous. Speaking at the 37th Annual General Meeting, he said that they had taken remedial measures to ensure stability. "We have a very stable management team and board, and everybody is united, and agrees that we are really on the verge of something momentous," he said.
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