The government today approved expansion and upgradation of infrastructure at Chennai, Guwahati and Lucknow airports at a total cost of Rs 5,082 crore. The Cabinet Committee on Economic Affairs (CCEA) has cleared expansion and upgradation of integrated terminal at Chennai airport which is estimated to cost Rs 2,467 crore. The expansion and upgradation of integrated […]
Day: May 2, 2018
IndiGo share price fall before Aditya Ghosh’s resignation under Sebi lens
The drop in the share price of InterGlobe Aviation, the company that operates IndiGo, has come under the regulatory scanner. IndiGo’s stock price fell 6.3 per cent on Friday before the company announced that Aditya Ghosh would step down as IndiGo president that evening. According to sources, the market regulator Securities and Exchange Board of […]
New milestone for Indian airports: Over 300 mn passengers handled in FY18
In a new milestone for Indian aviation, the country’s airports in 2017-18 have handled over 300 million throughput passengers for the first time, according to data released by the Airport Authority of India (AAI). These include domestic, international as well as passengers in general aviation. Each passenger handled on domestic flights is counted twice — […]
Oil rises on Iran concerns, U.S. output growth caps gains
Oil recovered some ground on Wednesday after the previous day’s slide, helped by concerns about possible renewed U.S. sanctions on major exporter Iran although price gains were capped by rising U.S. supply. Brent crude oil futures were up 31 cents at $73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to […]
ONGC bids for 37 oil blocks, Cairn 55 in 1st OALP round
State-owned ONGC today bid for 37 oil and gas blocks while Cairn India put in bids for all the 55 areas on offer in India’s maiden auction of oil and gas acreage under the newly formulated open acreage licensing policy. As many as 110 bids had been received, the Directorate General of Hydrocarbon (DGH) tweeted. […]
Schneider deal done, L&T says no more non-core divestment on the cards
For engineering conglomerate Larsen & Toubro (L&T), the deal signed on Tuesday with Schneider may mark the end of non-core divestments for some time, according to company officials. However, analysts remain hopeful that there is scope for more. “At some point of time, if some asset gets matured and does not fit into the core, […]