Vedanta pays $476 million dividend before potential downgrade

Billionaire Anil Agarwal’s Indian commodities major will pay about $476 million in dividends to investors as a potential credit ratings downgrade looms at its parent Vedanta Resources Ltd. Vedanta Ltd. approved a dividend of 9.50 rupees a share amounting to 35 billion rupees ($476 million), according to an exchange filing Saturday. The outflow follows $1.2 […]

Passengers at Pune airport grow 10 times since unlock

Pune’s Lohegaon airport has seen tremendous growth since the restrictions on domestic flights were lifted in the month of May this year following the pandemic. Although the airports have been asked to ensure social distancing norms and thorough sanitization of the flights limiting flights operations timings, passenger footfall has been increasing every month. The airport […]

Passengers board parked jet for dining experience

Hundreds of travel-starved diners ate lunch and watched seat-back films aboard two parked Singapore Airlines jets turned into pop-up restaurants on Saturday. With the aviation industry in deep crisis due to the coronavirus pandemic, airlines have turned to alternative ways to raise cash, from offering “flights to nowhere” to tours of aircraft. Singapore’s flag carrier, […]