New Delhi, Feb 26 () Shares of Jet Airways extended losses for the second day Tuesday, down by over 2 per cent in an overall weak broader market as the company continues to struggle with financial woes. The company’s shares fell 2.14 per cent to close at Rs 224.25 on the BSE. During the day, […]
Day: February 27, 2019
NCLAT directs IL&FS Engineering and Construction to extend bank guarantee to NHAI
New Delhi, Feb 26 () The National Company Law Appellate Tribunal (NCLAT) Tuesday permitted the debt ridden IL&FS and its group firm IL&FS Engineering and Construction Company to extend a bank guarantee of Rs 60.29 crore issued to state-run National Highways Authority of India (NHAI). A two-member bench headed by Chairman Justice S J Mukhopadhaya […]
GMR highest bidder to build airport in AP
NEW DELHI: GMR Airports has emerged as the highest bidder for building a Greenfield international airport at Bhogapuram, near Visakhapatnam in Andhra Pradesh. GMR offered a revenue share of Rs 303 per passenger with the government, while Doit Smart Infrastructure India and GVK, offered Rs 261and Rs 207, respectively. State-run Airports Authority of India (AAI) […]
Amarinder for Chandigarh’s inclusion in open sky policy
Chief Minister Amarinder Singh has sought Chandigarh’s inclusion among the Indian cities notified under India’s Open Sky Policy to enable operation of to and fro flights to ASEAN countries from here. In a semi-official letter to Civil Aviation Minister Suresh Prabhu, he said the International Civil Terminal at SAS Nagar (Mohali) has been functioning for […]
NHPC signs agreement with NLCIL for power trading
NHPC has signed a memorandum of understanding (MoU) with Neyveli Lignite Corporation of India Limited (NLCIL) in the area of power trading. NHPC will offer surplus power available with northern and north-eastern region to NLC India Limited, who in turn will offer the same to bulk consumers in the southern region of the country. BHEL […]
Kashmiri family denied travel by airline Indigo cites aviation rules
A family from south Kashmir said that Indigo airline refused to let them board the plane at Delhi Airport on 24 February, citing ‘confusion’ about names on the tickets and identity documents. Mehwish, who was traveling along with other family members, said her ticket had her first name and family surname while other Aadhaar card […]
LoC flare-up: Srinagar Airport put on high alert
Authorities today beefed up security around the hypertensive Srinagar International Airport to prevent any “untoward incident” following strike by Indian Air Force across Line of Control (LoC). Srinagar Airport is under direct operational control of the IAF, which controls its air traffic and landing strip and also the facilities of fire-fighting and crash activities, apart […]
IAF Fighter jet crashes in central Kashmir’s Budgam, two pilots killed
Two pilots were killed after a fighter Jet of Indian Air Force (IAF) crashed in Garend Kalan village of central Kashmir’s Budgam district on Wednesday morning. A police officer told news agency GNS that the IAF jet crashed at Garend Kalan, some 7 kilometers away from Budgam town at around 10:40 am. In the incident, […]
GoAir Bhubaneswar-Kolkata flight experiences severe air turbulence, two crew members injured
KOLKATA: Two cabin crew members suffered “minor” injuries when a Kolkata-bound GoAir flight from Bhubaneswar experienced severe air turbulence Tuesday, the airline said. However, none of the passengers was hurt and the aircraft made a safe landing at Kolkata airport, it said. The number of passengers on board the turbulence-hit aircraft was not immediately known. […]
Air traffic leads to speculation
BENGALURU: BY the time residents of Bengaluru woke up on Tuesday morning, the news of air strike by the Indian Air Force to terrorist camps in Pakistan Occupied Kashmir was all over the news. This is exactly what peeved the residents of Bengaluru as they saw military aircraft flying in the city on Tuesday morning. […]
REC sale in final lap
The government plans to sell its stake in Rural Electrification Corporation to Power Finance Corporation at a premium, which could fetch about Rs 15,000 crore to the exchequer. PFC would acquire the 52.63 per cent government stake in REC in a merger deal which is likely to fetch the exchequer around Rs 15,000 crore and […]
Security beefed up at Kempegowda International Airport, railway stations
BENGALURU: Following India’s retaliatory strikes on terror camps and launch pads in Pakistan on Tuesday, security has been tightened in public places in the city such as railway stations and Kempegowda International Airport. “We have increased physical screening and intensified pat-down checks. More personnel have been deployed to take care of security,” a top Central […]