SpiceJet, a low-cost carrier, recorded a 24 per cent decline in net profit, at Rs 181.1 crore, in the quarter-ended December, from Rs 239.9 crore in the year-ago period. The airline attributed the performance due to subdued demand due to demonetisation.
Tag: Demonetisation
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NHAI to float bids for monetising 10 national highway projects
Buoyed by response from international institutional investors, the National Highways Authority of India (NHAI) plans to come out with bids for monetisation of 10 out of 75 public-funded national highway projects in the first phase.
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Ayush Lohia, CEO, Lohia Auto Industries
At present, demonetisation has created an unfavourable environment for the auto industry on the whole. The auto industry is pinning hope on the upcoming Union Budget 2017 as it will uplift consumer sentiment and infuse a positive environment for the auto industry, including electric vehicles.
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Not all Disruptive Actions are Transformational
We do live in unusual times. Some of us may be inclined to call these disruptive times. Technologically speaking, we may be close to achieving disruptions in Internet of Things and Artificial Intelligence.
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Despite demonetisation, air passenger traffic rises 24percent in December
The governmentĂ´s demonetisation move, which reportedly hit demand in several sectors, has not had any impact on air travel in the country. The Indian aviation industryĂ´s strong passenger growth continued unabated in December when domestic airlines flew 23.91 per cent more passengers than a year earlier, according to latest data from the Directorate General of Civil Aviation (DGCA).
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Tushad Dubash, Director, Duville Estates
We look forward to the implementation of the Real Estate Regulatory Authority Bill (RERA) which will bring in more transparency and professionalism into the sector. It is a positive move for developers with an established corporate governance practice. RERA coupled with GST and demonetisation will create a strong framework within which this industry will function.
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Talks of realty price correction are highly speculative
WhatĂ´s come as significant positives for the real estate sector are the announcements on affordable homes. One is the government according it infrastructure status, which means projects in that segment will be able to raise finance at a much lower cost.
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Shishir Baijal, Chairman and Managing Director, Knight Frank India
The Union Budget 2017-18 is a much awaited one, considering that it comes against the backdrop of a challenging year for the real estate industry. There needs to be a balance between the demand and supply sides to ensure a surge in sentiment and investment opportunities.
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Pradeep Misra, Chairman and Managing Director, Rudrabhishek Enterprises Pvt Ltd
We have a lot of positive expectations from the upcoming Budget 2016-17. My thoughts are focussed on three major points - transparency on GST, encouraging the Real Estate Regulation Act (RERA), and REIT.
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Poised to Take Off
Airports are the next infrastructural buzzword that will be the game-changer in IndiaĂ´s developmental leap. This buzzword is expected to be exploited using existing growth drivers like exponential growth in passenger traffic and incremental cargo volumes over the next decade.