IndiGo carried maximum number of passengers in Aug
New Delhi: Domestic air passenger traffic fell 3.70 percent for the fourth straight month in August, which stood at 43.69 lakh from 45.37 lakh travellers in July, official data showed Tuesday. No frill airline IndiGo continued its spree of carrying the maximum number of passengers besides having the largest market share in August, as Civil Aviation Minister Ajit Singh, concerned over Air India’s performance, asked the national carrier to prepare a plan to enhance its share. There was a minor increase of 0.5 per cent in the total number of passengers carried in January-August this year compared with the period last year, official data showed. IndiGo carried 12.05 lakh passengers last month, followed by Jet Airways-JetLite combined flying 11.01 lakh, SpiceJet 8.07 lakh, Air India 7.94 lakh and GoAir 3.24 lakh. The worst performer was cash-strapped Kingfisher Airlines which carried only 1.38 lakh passengers in August. In terms of market share, IndiGo was again on top with 27.6 per cent, followed by Jet-JetLite combine with 25.2, SpiceJet with 18.5, Air India 18.2, GoAir with 7.4 and Kingfisher at the end of the list with 3.2 per cent.
Pact with Turkmenistan for Akash tablet
New Delhi: India proposed forming a joint venture with Turkmenistan to manufacture low-cost tablet ‘Akash’ for supply to students in the CIS nation. Telecom Minister Kapil Sibal, who is on a visit to Turkmenistan, suggested forming a joint venture company which may manufacture Akash in India, according to an official release. Indian side will design the necessary hardware and software of the tablet fulfilling the Turkmenistani side needs, it added. “Besides supplying the low-cost tablets, the joint venture company can market the product to other international markets,” he said. On the second day of his visit to the country, Sibal also offered the host nation help in setting up an education satellite.
CIL board clears modified FSA document
Kolkata: Coal India Ltd board approved the modified Fuel Supply Agreement (FSA) without price-pooling with 65 per cent domestic coal and 15 per cent imported coal at cost plus basis. “We have reviewed the modified FSA and it was approved by the board. The modified FSA, which can be signed now, will have 15 per cent imported coal component at cost plus basis,” CIL Chairman Managing Director S Narsing Rao said here. This meant the power companies could now sign the modified FSA. Coal India has agreed to pay penalties of 1.5-40 per cent depending on the extent it fails to supply the committed quantity of coal to power plants.
CBRE: Home sales dip in 1st half
New Delhi: Home sales have fallen during the first half of 2012 in all major cities, including National Capital Region (NCR), Mumbai and Bangalore, as buyers postponed purchases in anticipation of cut in interest rates, global property consultant CBRE said in a report. “After the strong momentum that residential market attained in 2011, residential sales declined during the first half of 2012 in all leading cities, particularly in NCR (National Capital Region), Mumbai and Bangalore,” CBRE said in a report. The slowdown in demand was visible in decline in supply addition in the three leading cities, it said. The first half of 2012 witnessed the addition of more than 19,000 units across 66 projects in NCR, Mumbai and Bangalore.