SBI Mutual Fund inks marketing pact with Ratnakar Bank

Mutual fund assets cross Rs 7.5 lakh cr mark Business Today The mutual fund industry clocked a 3 per cent growth in its average assets under management (AAUM) to touch Rs 7.53 lakh crore in August on the back of higher inflows into liquid and income funds, Crisil said on Wednesday. This was the first time since ... See all stories on this topic » Business Today

Mutual funds lose 4.6 lakh equity folio in August Business Standard A day after industry body Association of Mutual Funds in India (Amfi) in its latest monthly data showed higher redemptions from equity schemes at Rs 2,300 crore, statistics released by the capital markets regulator Securities and Exchange Board of ... See all stories on this topic »

Mutual fund industry's AUM crosses Rs 7.5 trillion, says Crisil Economic Times As per the latest numbers released by the Reserve Bank of India (RBI), banks' investments inmutual funds have increased from Rs 481 billion as on July 27 to Rs 510 billion as on August 24. Income funds, on the other hand, saw inflows of Rs 75 billion ... See all stories on this topic »

SBI Mutual Fund inks marketing pact with Ratnakar Bank Hindu Business Line Mr. D.P Singh, National Head Sales and Distribution, SBI Mutual Fund said, “We are constantly enhancing our distribution by reaching to new customers in varied geography and our tie-up with Ratnakar Bank is a testimony. Uncertainty in Equity markets ... See all stories on this topic »

Cut in FD rates will not lead to capital flight Moneycontrol.com Lowering interest rates on fixed deposits will not necessarily lead to a flight of capital from banks to other asset classes like mutual funds and gold, feels Shiva Kumar, the MD of the State Bank of Bikaner and Jaipur (SBBJ). That is because people ... See all stories on this topic »

Bond funds see least inflows in five weeks-ICI Reuters By Sam Forgione NEW YORK, Sept 12 (Reuters) - Investors in U.S.-based mutual funds continued to favor bonds over stocks in the latest week as they awaited hints from central bankers on additional economic stimulus measures, data from the Investment ... See all stories on this topic »

Top 5 Best Performing Technology Mutual Funds Year to Date - Best Performing ... NASDAQ Investors seeking long-term aggressive holdings need not look beyond mutual funds betting on the technology sector. Even though such funds experience relatively higher levels of volatility, they tend to outperform other categories when markets as a ... See all stories on this topic »

Tata Floating Rate Fund-Long Term declares dividend Moneycontrol.com Wed, Sep 12, 2012 at 15:51. Tata Floating Rate Fund-Long Term declares dividend. Tata Mutual Fund has declared dividend under dividend option of Tata Floating Rate Fund - Long Term Plan. Source: Moneycontrol.com. Share · Tweet · Share on Tumblr ... See all stories on this topic »

Air India's new Boeing 787 Dreamliner to fly on domestic routes from September 19

Air India's new Boeing 787 Dreamliner will start flying on domestic routes from September 19, with the airline hoping that the fuel-efficient aircraft will bring back its good old 'Maharaja' days by saving costs.

With Air India implementing its turnaround and financial restructuring plans for several months now, the beleaguered national carrier has reported a cash surplus of Rs 48 crore between April and July against a cash deficit of Rs 586 crore during the same period last year.

"Dreamliner is an exciting plane. We hope that it will take Air India back to its good old 'Maharaja days'," Civil Aviation Minister Ajit Singh told reporters here.

US manufacturer Boeing claims the Dreamliner consumes 15 -20 per cent less fuel than an aircraft of the same size, thus substantially reducing fuel costs which comprises 40 per cent of an airline's total operational costs.

"Dreamliner will start flying on domestic routes from September 19. The first flight will be on Delhi-Chennai route. Later on, six more destinations will be added. It will fly on international routes in winter," Air India CMD Rohit Nandan said.

Singh, along with former Civil Aviation ministers Shahnawaz Hussain and Rajiv Pratap Rudy and Congress MP Naveen Jindal, cut the ribbon to formally launch Air India's first Dreamliner at a function at the IGI airport.

With the government already committing to provide Rs 30,000 crore to the cash-strapped carrier, he said no more funds would be given to the airline which would now on have carry out aggressive cost-cutting measures to become competitive.

Air India would take deliveries of five more B787s by the end of this year, seven in 2013, five in 2014, six in 2015 and three in 2016, he said, adding the airline would need to add more planes to expand its share in the domestic as well as international market.

"After the pilots strike, we have started to fly all destinations except Toronto, but we are not content with our market share. We need more aircraft but it is a long term plan and will be done after the approval of the Cabinet," Singh said, adding Air India has set up a committee to look into its future aircraft requirement.

Cabinet may discuss FDI in aviation on Friday Hindu Business Line Amid differences among Government's allies, the Cabinet may consider relaxing the norms on foreign direct investment (FDI) in aviation on Friday. “Although the proposal related with FDI in aviationdoes not figure in the agenda list circulated till ... See all stories on this topic »

Air India's new Boeing 787 Dreamliner to fly on domestic routes from September ... Economic Times Singh, along with former Civil Aviation ministers Shahnawaz Hussain and Rajiv Pratap Rudy and Congress MP Naveen Jindal, cut the ribbon to formally launch Air India's first Dreamliner at a function at the IGI airport. With the government already ... See all stories on this topic »

Sensex ends above 18000 at 7-month closing high; aviation stocks surge Economic Times Back home, the market discounted the flat July IIP data and pinned hopes on policy reforms after theaviation minister said he's hopeful the government will allow foreign direct investment into the sector. The 30-share index ended at 18,011.24, up 158 ... See all stories on this topic »

AI chief asks govt to defer Jet's Star entry nod Livemint The civil aviation ministry had asked Air India a series of questions on the issue in a 21 August note, including how it planned to recover the expenses incurred on its own failed bid to enter Star. The ministry also asked whether Air India planned to ... See all stories on this topic » Livemint

Olympic legacy chief takes up aviation role Financial Times The chairman of the body leading the transformation of the Olympic Park is stepping down to head a new aviation policy unit set up by Boris Johnson to press the case for alternatives to a third runway at Heathrow airport. Daniel Moylan, who took over ... See all stories on this topic »

Qantas high flyers begin the hard sell of Emirates alliance in Singapore The Australian QANTAS chief executive Alan Joyce and senior executives are in Singapore meeting aviation and government officials to assure them the airline will remain a player at the Southeast Asian hub. The visit follows last week's announcement of a sweeping deal ... See all stories on this topic »

Aviation landscape set to change The Edge Malaysia SERI KEMBANGAN: The rivalry in the already competitive local airline industry is expected to intensify with the emergence of Malindo Airways. Being a low-cost carrier, Malindo Airways is expected to give a good fight to AirAsia Bhd, which enjoys the ... See all stories on this topic » The Edge Malaysia

Aviation needs innovative ideas to take off for sustainable future edie.net The future of aviation will see a significant drop in carbon emissions, despite an increase in flights, if the industry takes on innovative ideas to reduce its impact on the environment, according to aircraft manufacturer Airbus. Related articles ... See all stories on this topic » edie.net

Aviation Heritage Fair in Stow Sept. 15 The-News-Leader “The goal of the Aviation Heritage Fair has been to not only share with others our love of aviationand our appreciation for alumni, the aviation industry and the local community, but also to raise funds which directly support scholarship efforts of ... See all stories on this topic »

General aviation terminal officially opens today at Augusta Regional Airport The Augusta Chronicle More than $50 million has been invested in Augusta Regional since 2005, when construction began on a commercial airline terminal, said marketing director Diane Johnston. The massive investment includes rebuilding the main runway, expanding parking ... See all stories on this topic »

American Airlines Pilots ponder possible Job action

The pilots union for American Airlines ratcheted up the rhetoric on Wednesday afternoon.

The Board of Directors for the Allied Pilots Association told national officers to get ready for a strike vote.

"Well, this is really a shot across the bow," said Tom Hoban, Allied Pilots Association. "It's the first step the leadership takes in order to prepare the union for the possibility of a strike."

Pilots are the only labor group that have not reached a new contract with American Airlines during its bankruptcy saga.

Pilots overwhelmingly rejected American's final offer this month.

So the airline said it would return to court and ask a judge to cancel their contract.

Pilots said if their contract is canceled, the union will then ask its 8,000 pilots whether they want to strike.

"We've got 8,000 pilots who've simply had enough and they're not going to take it anymore," Hoban added. "When management takes the contract, which is the underpinning of our profession, and says 'We're going to put it to the torch,' it's going to provoke a visceral reaction to this pilot's group."

In a statement from American Airlines, the carrier said that any form of job action by pilots would be unlawful — either before or after a decision by the court on the company's motion.

The pilots would need permission from the National Mediation Board before they could legally strike.

Pilots said this is the first time they made this move since 1997.

Down the hall from where the APA was talking to reporters, senior leaders of the union were in a face-to-face meeting with USAirways CEO Doug Parker and two other executives.

Both sides continue talking about ways to merge with American.

IBM to help Jet Airways Go Green

Jet Airways has can now accurately calculate, track and report aircraft emissions, thanks to IBM. The airlines can now map each carrier's carbon emissions, optimise its fuel usage by a detailed analysis of each flight. Significantly, this project is being done under the strategic 10-year business transformation agreement with the IT major to streamline and consolidate its IT operations.

A part of IBMs Integrated Emission Management System, it provides Jet Airways a process to analyse and calculate individual aircraft emissions, which is a complex process involving comparison of flight records and fuel usage data contained in multiple systems ranging from internal aircraft systems to regional navigation data and flight records. The solution ensures that all flight emissions are properly calculated, and reporting is accurate and timely.

With more than 50 years experience in aviation, IBM uses its software, hardware and services expertise to help top airlines and airports across the globe deliver more highly differentiated customer experiences and improve their operational efficiency.

"In the financial year 2011-12, domestic air traffic grew at a rate of 12.9%, creating a huge demand for fuel which accounts for a major expense for any airline. Creating an energy efficient airline is a top priority and we are committed to the environment and a greener world. With IBM's solution, Jet Airways will be able to evaluate carbon foot print not only at the fleet level but also at the aircraft level. It will help us optimise the fuel usage and thereby create a positive impact on the environment" said Sudheer Raghavan, chief commercial officer, Jet Airways.

"In order to take advantage of the strong growth potential in the Indian aviation market, it is critical for airlines to continuously transform through business and technology innovations. With its deep technology expertise, we have has brought flexibility and scalability to the carrier's operations and also helped the airlines gain competitive advantage and strengthen its leadership position," said Ramesh Narasimhan, director - client servicing, strategic outsourcing, global technology services, IBM, India/South Asia.

American Airlines And US Airways: Good Or Bad? Huffington Post (blog) Bruce Hicks, a spokesperson for American Airlines, says that American Airlines has developed a plan to emerge from bankruptcy as a standalone carrier, and the Unsecured Creditors Committee (UCC) has been very supportive of that plan. "American needs ... See all stories on this topic »

Government may dilute rules to save Kingfisher Airlines Times of India MUMBAI: The government's refusal to suspend the licence of Kingfisher Airlines, despite its crippling financial problems, is baffling as civil aviation rules clearly empower the regulator to act against a defaulting airline, unable to pay salaries ... See all stories on this topic »

RPT-Jury could decide sticky issues of Sept. 11 airlines lawsuit Reuters WTC developer says United, American airlines negligent. * Court to decide if developer was already compensated. * Judge says a jury may need to resolve the dispute. By Grant McCool. NEW YORK, Sept 10 (Reuters) - Most of the lawsuits arising from the ... See all stories on this topic »

Airlines Updating Apps ASAP to Prep for iPhone and iOS Updates Jaunted (blog) Tomorrow is a pretty big day for fans of the iPhone, and if the rumors are true it's the big reveal of the next generation of the mobile device—along with other Apple products as well. Some are preparing by ditching their current generation phones on ... See all stories on this topic » Jaunted (blog)

Japan Airlines shares up in grey market trade ahead of listing Reuters TOKYO (Reuters) - Shares of Japan Airlines Co Ltd (9201.T) were up as much as 6 percent compared to their initial public offering price in unofficial trading on Tuesday, ahead of the airline'sSeptember 19 public listing, traders said, signaling strong ... See all stories on this topic »

Lion Air to launch Malaysia-based budget airline Reuters KUALA LUMPUR, Sept 11 (Reuters) - Indonesia's Lion Air will set up a new low-cost airline based in Malaysia, it said on Tuesday, a challenge to dominant budget carrier AirAsia Bhd as Southeast Asia's growing middle class fuels demand for cheap flights. See all stories on this topic »

United Airlines revenue falls in August Ventura County Star CHICAGO — CHICAGO (AP) - United Airlines passenger revenue fell in August for the first time since early last year despite a slight increase in traffic. The airline, which is operated by United Continental Holdings Inc., said late Monday its passenger ... See all stories on this topic »

IBM to help Jet Airways go green Times of India The airlines can now map each carrier's carbon emissions, optimise its fuel usage by a detailed analysis of each flight. Significantly, this project is being done under the strategic 10-year business transformation agreement with the IT major to ... See all stories on this topic »

Myanmar: airlines fly in Financial Times (blog) Myanmar has undergone significant reforms in the last year, putting it firmly on the tourism and business agenda. But aside from economic and political changes, merely providing the means for foreigners to visit is a significant challenge, even as ... See all stories on this topic »