Aviation sector aiming high: Here’s India’s ten-year fleet outlook

flight

The combined in-service fleet of Indian airlines is 588 (as of May 2018). The average age of aircraft in service is 7.1 years.

In the past 10 years, the total fleet has grown at an average rate of 4.8 per cent per annum.

Over 440 planes in India are on operating lease, spread among 43 lessors, making India (Read More)

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Rolls-Royce warns about Brexit uncertainty, cautions over supply pressures

Rolls Royce

The boss of British aircraft engine maker Rolls-Royce warned on Wednesday that the government’s new Brexit blueprint failed to dispel uncertainty and cautioned over supply pressures.

The government published proposals last week to facilitate post-Brexit trade in goods with the European Union, but it gave scant detail about the future of services.

“We can’t rely on anything. So the white (Read More)

As prices drop on Prime Day, Amazon’s Jeff Bezos sees his fortunes soaring

Amazon, Jeff Bezos

As Amazon marked its “Prime Day” with price cuts across a range of products, founder and chief executive Jeff Bezos saw his net worth hit new peaks, increasing his lead over fellow billionaires.

Bezos’s net worth topped $150 billion on Monday, according to the Bloomberg Billionaires Index, making him the world’s richest person in decades. The surge in the share price for Amazon — in which Bezos holds a stake of some 16 per cent — has (Read More)

Big SUVs all set to displace smaller peers, to be new kings of road

Big SUVs all set to displace smaller peers, to be new kings of road

Sports utility vehicles (SUVs) with less than four metres in length, or compact SUVs, may be ruling the roads for now, but the future belongs to large and premium ones.

If not anything, the launch of over half a dozen new SUVs in the first half of 2019 is likely to further skew the demand in favour of bigger models.

Sales forecast and market research firm IHS Markit expects the large and mid-sized SUVs to see a compounded annual growth (Read More)

Nestle India breaks into Rs 1 trillion market cap club after HUL and ITC

Nestle

Nestlé India on Tuesday became the third FMCG (fast-moving consumer goods) company to cross Rs 1 trillion in market capitalisation (m-cap). Hindustan Unilever (m-cap: Rs 3.64 trillion) and ITC (m-cap: Rs 3.29 trillion) are the two others.

With Rs 1.02-trillion, Nestlé India is at 28th position in overall m-cap ranking, data on the BSE showed. Its shares closed at an all-time high of Rs 10,531.6 on Tuesday, up 3.14 per cent. The benchmark (Read More)