Day: February 23, 2019

Alstom to provide electrification for Phase II of Bengaluru Metro

Newspapers, Power, The Economic Times February 23, 2019 Binu Mathew

BENGALURU: France-headquartered AlstomNSE 1.09 % has been awarded a contract to provide power supply and traction electrification for the 33-kilometre extension to Bengaluru Metro under Phase II. Worth around Rs 580 crores, it is Alstom’s largest third-rail electrification contract in India. The Phase II project of Bengaluru Metro encompasses four extensions of Metro’s existing North-South […]

Pledged share sale: Mumbai HC gives a mouthful to Anil Ambani firm, says petition ‘smacks of deceit’

Newspapers, Power, The Economic Times February 23, 2019 Binu Mathew

The Bombay High Court has rapped the Anil Ambani group company Reliance PowerNSE 1.79 % and its management for attempting to “mislead” the court by a petition that’s “smacked of deceit.” The sharp words came from judge KR Shriram of the Bombay High Court while hearing a Rs 2,700-crore defamation suit filed by Reliance Power […]

Airbus sees market for widebody jets at Indian budget carriers

Civil Aviation, Live Mint, Newspapers February 23, 2019 Neha Kumari

Bengaluru: Airbus SE is pushing for fast-growing Indian budget carriers to make the leap into low-cost, long-haul widebody operations to compliment their existing narrowbodies, an executive from the planemaker said. India is the world’s fastest-growing market for air travel and budget airlines led by Interglobe Aviation Ltd’s IndiGo have been looking to add more overseas […]

Vistara, Japan Airlines to code-share flights

Civil Aviation, Newspapers, The Economic Times February 23, 2019February 23, 2019 Binu Mathew

Tata-SIA joint venture Vistara and Japan Airlines Friday announced a codeshare pact from February 28, making it the fourth such tie-ups for the youngest full-service domestic carrier. Vistara already has similar tie-ups with British Airways, Singapore Airlines and its subsidiary and SilkAir. Vistara and the Japanese flag carrier already have an interline/through check-in partnership and […]

IATA seeks single, independent coordinator for slots at Indian airports

Civil Aviation, Newspapers, The Economic Times February 23, 2019February 23, 2019 Binu Mathew

Global airlines’ grouping IATA has pitched for a single and independent coordinator for allocation of slots at airports across India, as domestic carriers grapple with slot constraints. With the government planning to revamp the existing slot allocation mechanism, the International Air Transport Association (IATA) has emphasised the need for transparency in the process and ensure […]

Nitin Gadkari to lay foundation stone for Rs 759-crore flyover in MP

Newspapers, Roads, The Economic Times February 23, 2019February 23, 2019 Binu Mathew

NEW DELHI: Transport Minister Nitin Gadkari will lay the foundation stone of Rs 758.54-crore flyover in Madhya Pradesh, the government said Friday. The flyover from Damoh Toll Plaza to Ranital Madan Mahal Chowk, Medical College Road, is 5.9 km long, Road Transport and Highways Ministry said in a statement. The estimated cost of the project […]

IL&FS employee welfare trust under ED lens

Newspapers, Roads, The Economic Times February 23, 2019February 23, 2019 Binu Mathew

MUMBAI: The Enforcement Directorate (ED) is investigating the IL&FS Employee Welfare Trust (EWT) over possible irregularities, extending its probe into alleged money laundering related to subsidiaries of Infrastructure Leasing & Financial Services (IL&FS). “As much as 13.64% shareholding of IL&FS is held by the employee trust, of which the principal beneficiaries are the senior management […]