Price Warriors

SpiceJet and IndiGo, two low-profile, low-cost carriers, beat their far bigger competitors using price as the weapon. In the summer season, when Jet Airways, JetLite, SpiceJet and IndiGo were cutting airfares by about 48% to fill their aircrafts, the last two carriers have emerged as clear winners. Using the low-cost promotional offer, SpiceJet and Indigo grabbed more passengers than the other...

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Nilekani vows to roll out identification numbers in 12 months
The first set of unique identification numbers will be issued to the citizens within 12-18 months, high-profile information technology (IT) expert Nandan Nilekani said soon after taking over as the head of the newly-created Unique Identification Authority of India (UNI), reports PTI.

"In the next 12 to 18 months, we will be issuing the first set of unique identification numbers", he...

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Cycling Along

Global equities are continuing to move in a lockstep

In the previous issue, I had said that markets had rallied globally on hopes and they will also decline globally on disappointment. We can never tell how far the market will go in a given move. However, we suspected that the Sensex may well go all the way down to 12,000 but not much further, unless there was severe damage to earnings growth...

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