In the year 2006, Indigo, today's one of the fastest growing low cost carriers in the world and one of the largest profitable airline in India was established by Rahul Bhatia & Rakesh Gangwal. The Cost Reduction Business model that has been adopted by the airlines effectively reduces its operating costs. Airbus A320 has been adopted as the sole aircraft type that they usually purchase in bulk from the Airbus company. This saves a great deal of time while the training of the Airlines crew. The airlines allows 15 Kg of Baggage for the passengers.
The Headquarters are located at Gurugram, Haryana. The company was founded as a private company, but went public in 2015. The airline operates to 46 destinations (and growing). It has its primary hub at Indira Gandhi International Airport, Delhi. They have a 42.6% market share in terms of passengers carried according to last year's data. Earlier on 15 August 2015, IndiGo confirmed the order for 250 "A320 Neo" aircraft for $26.5 billion.…
Virgin Atlantic Airways came into being, when Richard Branson, who was earlier, involved in music records business and had a company by the name 'Virgin Records', decided to enter airlines business. Virgin Atlantic’s forerunner, British Atlantic Airways, operated flights from the UK to the Falkland Islands, starting in 1982. Branson bought British Atlantic Airways and the new airlines - Virgin Atlantic Airways - began its operations on June 22, 1984. The airline's inaugural flight was between London and Newark Liberty.
Virgin Atlantic Airways is a British private airline, operated by Richard Branson’s Virgin Group. The Group holds 51% share of the airline, while 49% share is held by Singapore Airlines. Headquartered in Crawley, West Sussex, England, Virgin Atlantic Airways operates from its main hubs at London Heathrow Airport and London Gatwick Airport. Apart from its main hubs, it also has a small base at Manchester Airport.
Their fleet consists of Boeing 747-400, Airbus A340-600,…
Corporation Bank, the oldest banking institution in the erstwhile undivided South CanaraDistrict of the Madras Presidency and one of the oldest banks in India, was founded on 12 March 1906 in the Temple Town of Udupi by a small group of philanthropists, as there was no such bank at Udupi, an important trading centre next to Mangalore. The first branch of a modern bank established in the district was the Bank of Madras, one of the three Presidency Banks, which set up its office in Mangalore in 1868, largely to cater to the business needs of a few British firms dealing in export of plantation products.
Today, Corporation Bank is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence. Presently, the bank has a network of 2,440 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. The bank has representative offices in Dubai and Hong Kong.
As of 31 March 2016, the total business of the bank was…
The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India. In 1976, the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India. IDBI provided financial assistance, both in rupee and foreign currencies, for green-field projects as also for expansion, modernization and diversification purposes. In the wake of financial sector reforms unveiled by the government since 1992, IDBI also provided indirect financial assistance by way of refinancing of loans extended by State-level financial institutions and banks and by way of re-discounting of bills of exchange arising out of sale of indigenous machinery on deferred payment terms.
Today, IDBI Bank is an Indian government-owned financial service company, formerly known as…
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