Abhishek Securities

Low cost carrier AirAsia plans to start its India operations in September with two aircraft. AirAsia India, a joint venture between AirAsia, Tata Sons and Telstra Tradeplace, kicked off the hiring process for cabin crew at Chennai today. The airline plans to hire about 100 cabin crew. AirAsia’s COO Bo Lingam, who is leading a 14-member team in Chennai to hire candidates, said, “The way things are going, it looks like in September we will be launching our operations, provided we get all the regulatory approvals.” He added that there is scope for more airlines to enter the aviation industry, considering the population is high. The airline’s promoter Tony Fernandes is expected to visit India in June, added Lingam. It may be noted that AirAsia is the first overseas airline to form a joint venture in India after the government changed the foreign direct investment policy to attract foreign participation. The airline, which started walk-in interview at 9 AM today, screene...

IT major Tata Consultancy Services (TCS) today said one of its promoter has released 1.7 crore pledged shares of the firm. In a filing to the BSE , TCS said its promoter Tata Sons Ltd released a total of 1,73,50,000 shares of the company on April 8 and April 12. Sandip Ginodia A BHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit : www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com For more info and regular updates about unlisted shares and the stock market : Follow our blog :  www.abhisheksecurities.blogspot.in  . Visit :  www.abhisheksecurities.com  . Like us on facebook :  www.facebook.com/abhisheksecurities1  

Air Asia and Tata Group which have proposed to set up a domestic airline along with Arun Bhatia of Telestra Tradeplace, have sought approval for renting and leasing of aircraft, besides carrying of air freight. According to sources, in its application to the FIPB, the partners have also sought permission for engaging in ancillary activities. "Other activities for which they have sought permission include air transport carriers (of freight), cargo handling, renting and leasing of aircraft," a source said. The application for renting and leasing of aircraft, however, does not include financial leasing. The Malaysian budget carrier had sought the government nod to launch a new airline through a joint venture with the Tata Group and Bhatia. Air Asia CEO Tony Fernandes has said that the new airline may take to the sky by this year-end with 3-4 Airbus A-320s, and his company will initially invest around $50 million. An application has already been moved by Ai...