The Mint Report for 27 September 2010

The Mint Report for 27 September 2010

India’s many airlines are lobbying for more foreign pilots. They’re asking aviation regulator DGCA to give them a five-year window in which they can hire expat commanders. Airlines also want to be able to offer foreign pilots three-year renewable contracts and are hoping for less cumbersome security checks. Indian carriers expect to get some 150 new planes in the next five years. That will create a need for one thousand five hundred extra pilots. Airlines already hire some 600 foreign flyers. They plan to submit a proposal on the issue to the DGCA in the coming days.

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Moving on to the Commonwealth Games, authorities have promised to clean up the Games Village by Wednesday. More than 20 teams arrived in Delhi by Monday, but the apartments in the Village largely remain unusable. Workers have already spent several days hurriedly cleaning up the filthy apartments so athletes can move in.

Godrej Consumer Products may turn to India for new acquisitions. Chairman Adi Godrej said the company was interested in picking up domestic companies that could help spur its growth. Godrej has made four overseas acquisitions abroad this year. It has recently shown interest in Ahmedabad-based Paras Pharma.

And here’s how Indian markets did overall. The Sensex closed 72 points higher at 20,117. And the Nifty went up 17 points to finish Monday at 6,036.