The Adani group has entered the airport sector by winning the bids to operate five airports in the country for the next 50 years. The bid for Guwahati airport will be opened on Tuesday. The Adanis were the highest bidder for the Ahmedabad, Thiruvananthapuram, Lucknow, Mangalore and Jaipur airports, a senior Airports Authority of India […]
Day: February 27, 2019
Crucial Jet Airways meet today
The State Bank of India (SBI) is understood to have called a meeting of the lenders with Jet Airways chairman Naresh Goyal and Etihad Airways CEO Tony Douglas on Wednesday. The meeting has been called after the shareholders of Jet Airways cleared various proposals that will pave the way for banks to pick up a […]
SBI weighs tribunal route for Jet Airways
To recover its loans from Jet Airways, state-run lender SBI is considering moving the National Company Law Tribunal (NCLT) as it feels the airline is running out of funds for operations even as shareholders of the debt-laden carrier have approved a debt rejig plan, officials said. Shareholders of Jet Airways have approved the conversion of […]
Breather for HAL and troubled Mirage
Employees of Hindustan Aeronautics Limited found reason to smile on Tuesday after word spread that the Indian Air Force had used Mirage 2000 multi-role fighter aircraft for the pre-dawn air strikes across the Line of Control. The company, about which uncharitable remarks were made by those associated with the government after the Rafale controversy broke, […]
Global oil market unaffected by rising Indo-Pak tension
New Delhi: The Indian Air Force strikes against terror launch pads in Pakistan have had no bearing on the global oil market, with experts of the opinion that any impact is unlikely. Any spike in international crude oil prices will affect India against the backdrop of factors such as the Organization of the Petroleum Exporting […]
BPCL’s petchem projects to boost local economy; trigger companies to set up base near Kochi
KOCHI: Kerala is a huge market for paint companies such as Asian Paints and Nerolac, contributing to about 10 per cent of their sales, but none of these companies have manufacturing plants in the state. Likewise, products such as automotive seats, mattresses, shoe soles, etc. have a big market in Kerala, yet these are mostly […]
Oil price rally fizzles as Opec again faces dilemma over Trump tweet
Tokyo: Oil prices are stumbling after a 30% rally since Christmas Eve as speculation swirls over whether Organization of the Petroleum Exporting Countries (Opec) will heed US President Donald Trump’s call to temper prices. Futures in New York extended losses after sliding 3.1% on Monday, the most in four weeks. While crude is still over […]
Supreme Court to hear Rafale review in open court
The Supreme Court on Tuesday agreed to conduct an “open-court hearing” of a batch of review petitions and a perjury plea challenging its verdict on the Rafale deal. The apex court had in December dismissed petitions that questioned the fighter jet deal on the grounds of irregularities over the decision-making, pricing and the choice of […]
Adani flies away with Trivandrum Airport operational bid; state loses
THIRUVANANTHAPURAM: The Adani Enterprises has won the operational bid for the Trivandrum International Airport on expected lines. The state had made the ‘costliest gambling’ while putting up a fight to retain the airport in public sector. But despite boasting ‘successful and tested’ credentials, Kerala failed to put pressure on the Centre and ended up on […]
Delhi budget: Rs 1,900 crore for roads and bridges
The annual budget of the Delhi government presented in the Assembly on Tuesday, proposed Rs 1,900 crore for roads and bridges, which is 73 per cent more than the allocation in the current financial year. Presenting the budget, deputy chief minister Manish Sisodia also announced Rs 308 crore for street-scaping six Public Works Department (PWD) […]
Oil slips after Trump calls on OPEC to rein in prices
SINGAPORE: Oil inched down on Tuesday to extend losses of more than 3 percent from the previous session, easing after U.S. President Donald Trump called on OPEC to rein in its efforts to boost prices. International Brent futures were at $64.66 a barrel at 0533 GMT, down 10 cents, or 0.2 percent, from their last […]
British Airways passengers stuck at Hyderabad’s Rajiv Gandhi International Airport
HYDERABAD: About 200 passengers scheduled to fly British Airways to London Heathrow, from RGIA airport here were left stranded for more than 24 hours due to a technical glitch in the engine. Passengers were fuming at the airline officials for not giving proper information about the actual time of the departure of the flight. The […]