Ayodhya visit tomorrow: PM Modi to unveil Rs 11,100-crore projects

Prime Minister Narendra Modi will on Saturday inaugurate and lay foundation stones of a slew of projects worth Rs 11,100 crore for Ayodhya, including the newly constructed airport terminal, a new greenfield township, a railway station and four pathways, officials said. According to the schedule, the Prime Minister will first inaugurate the redeveloped Ayodhya railway […]

4 AI staffers, passenger arrested on suspicion of human trafficking

Four Air India SATS staffers along with a Birmingham-bound Indian passenger have been arrested at Delhi’s IGI airport for their alleged involvement in a human trafficking racket, said CISF officers Thursday. On Wednesday, the CISF personnel at the airport spotted “suspicious activities” of a passenger, Diljot Singh, said officials. Singh was supposed to board an […]

India will be ‘Vishwaguru’ to world on monopolistic capitalism: Chidambaram on rising airfares

Senior Congress leader P Chidambaram on Sunday took a swipe at the government over rising airfares, saying that in free markets, when demand increases, supply will increase, but in India’s free market, when demand increases, prices will increase. The Congress has been attacking the government, demanding concrete action over rising airfares. In a tweet, Chidambaram […]

Banks may consider forensic audit of Go First accounts

Banks are planning to conduct a forensic audit of the accounts of cash-strapped Go First Airlines, which has filed for bankruptcy protection, to assess if there was any diversion of funds. The airline, promoted by the Wadias, had voluntarily filed for insolvency resolution proceedings before the Delhi bench of the National Company Law Tribunal (NCLT) […]

Man ‘molests’ crew member on Sharjah to Amritsar flight, arrested

A passenger on an IndiGo flight from Dubai was arrested for allegedly harassing a woman crew member and creating a ruckus onboard after he arrived at Amritsar’s Sri Guru Ram Dass Jee International Airport Monday morning. The passenger, identified as Rajinder Singh from the Kotli village in Jalandhar, was reportedly drunk. Ajay Kumar, Assistant Security […]

Go First insolvency: NCLAT to pass order on aircraft lessors’ petitions on May 22

The National Company Law Appellate Tribunal will pass its order on May 22 on petitions filed by three aircraft lessors against Go First’s voluntary insolvency resolution proceedings. A two-member bench headed by Chairperson Justice Ashok Bhushan on Monday reserved its order after completing the hearing on the the three petitions. The bench also asked the […]

UK’s SRAM & MRAM Group to invest $100 million in SpiceXpress; signs MoU

SpiceXpress, the cargo division of SpiceJet, on Monday announced that UK-based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics Pvt. Limited. The airline said that both sides have signed a Memorandum of understanding (MoU) as part of the investment deal. In a filing with the stock exchanges, SpiceXpress said, “The MoU […]

Tender launched for operator for seaplane service between Sabarmati riverfront and Statue of Unity

In yet another attempt to relaunch the seaplane service between Sabarmati Riverfront in Ahmedabad and the Statue of Unity in Ekta Nagar, the Gujarat State Aviation Infrastructure Company Limited (GUJSAIL), on behalf of special purpose vehicle Varuna Vayu Seva Limited, has issued a fresh Request for Proposal (RFP) for selection of airline operator for three […]

Changing City: T-shaped flyover getting ready to de-congest Mith Chowky at Mumbai’s Malad

Changing City: T-shaped flyover getting ready to de-congest Mith Chowky at Mumbai’s Malad What is the significance of the project? The Mith Chowky is a four-arm traffic junction, where the SV Road intersects the road going towards Madh Island. This junction is a primary connecting point in the western suburbs as all vehicles travelling towards […]

Adani Ent, Adani Transmission to raise Rs 21,000 cr via QIP

Two Adani Group companies – Adani Enterprises and Adani Transmission on Saturday said they have received board approval to raise a total of Rs 21,000 crore through qualified institutional placement (QIP) route. In separate filings to exchanges, Adani Enterprises said it would raise Rs 12,500 crore, and Adani Transmission informed that it is planning to […]

UK’s SRAM & MRAM Group to invest $100 million in SpiceXpress; signs MoU

SpiceXpress, the cargo division of SpiceJet, on Monday announced that UK-based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics Pvt. Limited. The airline said that both sides have signed a Memorandum of understanding (MoU) as part of the investment deal. In a filing with the stock exchanges, SpiceXpress said, “The MoU […]