CAPA, a Sydney-based consultant, sees 4-6 players having bid for national carrier Air India, its south Asia chief said Tuesday. Kapil Kaul named Jet Airways, SpiceJet, IndiGo and Vistara apart from two non-airline parties at the CAPA India Aviation Summit 2018. He didn’t name the latter. IndiGo has publicly shown an interest in the airline […]
Day: January 30, 2018
Adani Power seeks nod for setting up power SEZ in Jharkhand
Adani Power has sought approval from the commerce ministry for setting up of a special economic zone for the power sector in Jharkhand, entailing investment of Rs 15,002 crore. The application will be considered by the Board of Approval, the highest decision making body of the SEZs, in its meeting on February 5. The inter-ministerial […]
Domestic air traffic to cross 150 mn on record aircraft induction: CAPA
Domestic air traffic will grow 18-20 per cent and cross 150 million in FY 2019 on the back of unprecedented capacity induction, aviation consultancy CAPA said in its outlook on Tuesday. Yield pressure led by rapid capacity expansion and a spike in crude oil price remain key concerns for profitability and on consolidated basis airlines […]
Executive engineer beaten up over power theft case
An FIR has been registered against a BJP leader and 15 others for allegedly beating an executive engineer of the power department to force him to withdraw a power theft case, police said today. The FIR was registered against BJP district president HarishShakya and 15 others at Civil Lines police station yesterday for allegedly beating […]
Indian Oil gains 5% on 1:1 bonus, interim dividend of Rs 19 per share
Indian Oil Corporation (IOCL) gained 5% to Rs 419 on BSE in intra-day deal after the company’s board recommended bonus shares in the ratio of 1:1 i.e. one equity share for one exiting equity share held. The board also declared an interim dividend of Rs 19 per equity share on face value of Rs 10. […]