Skies over the Paris region will be closed for six hours as part of the massive security operation for the July 26 opening ceremony of the Olympic Games, the Paris airports operator said Wednesday. Augustin de Romanet, chairman of Aroports de Paris, said airlines are being warned in advance about the closure and told they […]
Category: Business Standard
Business Standard
Boeing Co’s revival road map put to test by dwindling time and cash
Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise to two opposing questions: Is that too little time to turn things around — or too long to withstand the financial hemorrhaging? Chief Executive Officer Dave Calhoun put an optimistic spin on the embattled company’s outlook as he […]
Flyers to or from US will soon get instant refunds if flights are cancelled
Traveling to or from the US? You will soon be entitled to an automatic refund if your flight is canceled or significantly altered, under new US Department of Transportation rules released on Wednesday. “Passengers deserve to get their money back when an airline owes them—without headaches or haggling,” US Transportation Secretary Pete Buttigieg said in […]
REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir
State-owned REC Ltd on Wednesday said it will provide a term loan of Rs 1,869 crore for 624 MW Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir. The loan will be utilized for development, construction and operation of the project on River Chenab, a statement said. According to the statement, REC has signed an […]
Boeing Q1 results: Loss at $355 mn as revenue declines amid safety concerns
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. Boeing’s CEO said the company is in a tough […]
Delhi Metro to extend last train timing on May 7, 14 for IPL spectectators
The Delhi Metro Rail Corporation has decided to extend its last train timing at all lines in view of IPL matches in the city, an official statement said on Tuesday. Taking to X, the DMRC wrote that in view of IPL matches on Wednesday, May 7, and 14 at Arun Jaitley Stadium, the Delhi Metro […]
Reliance Industries, JSW Neo Energy in fray for 10 Gwh ACC Battery PLI
The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). “The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech […]
Aionos to bridge silos within aviation, hospitality using AI: Rahul Bhatia
Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. Bhatia, the Group Managing Director of IGE, serves as the majority […]
Boeing, Spirit agree on $425 mn deal to address supplier’s issues
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the US aviation regulator capped the planemaker’s 737 MAX production. The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage […]
Around 15 flights diverted from Delhi due to adverse weather conditions
As many as 15 flights have been diverted from Delhi due to the adverse weather conditions in the national capital, Airport sources said. According to the sources, nine flights were diverted to Jaipur, two to Amritsar, two to Lucknow, one to Mumbai, and one to Chandigarh. Meanwhile, the national capital experienced a sudden change in […]
Delhi airport sees 15 flight diversions due to bad weather in NCR
As many as 15 flights were diverted at the Delhi airport on Tuesday evening due to bad weather in the national capital. Many flights were also delayed. Out of these flights, an airport official said, nine were diverted to Jaipur, two each to Amritsar and Lucknow, one each to Mumbai and Chandigarh. A senior government […]
Railways offers meals at affordable price for general class passengers
Train passengers travelling in unreserved compartments are now getting hygienic meals and snacks at affordable prices at stations under a new initiative by the Railways, an official said. These meal counters are operational at over 100 stations and nearly 150 counters across Indian Railways, and the facility will be expanded further. “Indian Railways along with […]