&#39;CPM okay with FDI hike in pvt airlines&#39;
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NEW DELHI: CPI(M) on Wednesday said it has no objection to the Cabinet decision on raising FDI cap to 49% in domestic private airlines, but the partyâs concerns still remain in other areas of the civil aviation sector.
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New Delhi: The United Progressive Alliance (UPA) government on Wednesday hiked foreign direct investment (FDI) limit in the civil aviation sector from 40 to 49 per cent but barred foreign airlines from holding stakes.
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India's pioneer low-cost carrier Air Deccan plans to raise 50 million dollars in private equity by shedding a 26 percent stake and also aims to enter the corporate business jet segment, its chairman said.
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Air China ups efforts to buy a  stake in China Eastern Airlines, pledging to pay at least 30% more than a rival.
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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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New Delhi: Industry body CII on Wednesday termed as &quot;bold and pragmatic&quot; the government&#39;s decision to allow private operators to fly on international routes and said the move would harbour healthy competition among the airlines.
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Pilots at British Airways have voted to accept a contract which will raise pay by an estimated 8.6 percent over three years, their union said Friday.
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INTERNATIONAL rating agency, Standard and Poor&#39;s (S&amp;P) has upgraded India&#39;s `BB&#39; long-term foreign currency rating outlook to &quot;positive&quot; from stable.
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Sending a clear message to foreign investors that India offers good business opportunities, Prime Minister Manmohan Singh last night said, the UPA government remained committed to the reforms process and would carry out &quot;corrections&quot; if required to give
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Airline alliances can deliver a level of consistency and confidence that transcends individual carriers.
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India&#39;s business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country&#39;s main trade association for that sector said Monday.
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In a move that could boost the aviation sector in India, the Union Cabinet on Wednesday approved a proposal to hike Foreign Direct Investment (FDI) ceiling in civil aviation from 40% to 49%.
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SAN FRANCISCO (CBS.MW) -- Pilot leaders at United Airlines unanimously endorsed a tentative agreement that will cut pay by 15 percent, opting to accept management&#39;s demands rather than risk the chance of losing more in federal bankruptcy court.
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Shares of the new Air Canada pushed higher in early trading today, gaining more than 20 per cent from their issue price of $20. Parent company ACE Aviation Holdings&#39; class-B shares (TSX: ACE.
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The Indian government raises the limit for foreign direct investment in telecoms companies from 49% to 74%.
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Â· Above-inflation fare rises will stay, passengers told Â· New focus on 'carbon, capacity and customers'
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India has raised the interest rate for the country's largest pension fund, the Employees Provident Fund  (EPF), to 9.5 percent, Finance Minister Palaniappan Chidambaram said on Wednesday.