Shares of Jet Airways were locked in the 5 per cent upper circuit on Tuesday afternoon. Earlier in the day, the National Company Law Tribunal (NCLT) approved the Jalan Kalrock Consortium’s resolution plan for the company. The scrip was locked at Rs 99.45 apiece on both the BSE and National Stock Exchange (NSE), up 4.96 […]
Day: June 23, 2021
BMC proposes special fund for development projects, awaits final approval
The BMC has proposed to set up a “special project fund” to ensure that no mega development projects in the city face financial crunch. According to BMC estimates, in the next few years, various development projects across Mumbai will cost around Rs 7,884 crore. A proposal on setting up the special project fund will be […]
New ethanol targets reshape India’s food policy
The Union government has prepared a blueprint to enable it to rapidly scale up ethanol blending to cut costly oil imports, reworking the country’s food policy that will focus on sucking out excess food stocks to produce fuel. Officials say this would achieve multiple goals, while some experts suggested the country ought to move cautiously, […]
Ludhiana: PSPCL expands its call centre for lodging complaints
Punjab State Power Corporation Limited on Tuesday expanded its customer services call centre at Janta Nagar by increasing the total number of seats from 40 to 60 at ₹31 lakh. This, in addition to the 60 seats at Chaura Bazar call centre, has taken the total capacity of the ‘1912’ call centre to 120 seats. […]
Administrative hurdles delay annual revision of power tariffs in Delhi
The schedule for the annual revision of electricity tariffs in Delhi has been delayed by nearly three months, and so has the process of selecting a new chairperson for the Delhi Electricity Regulatory Commission (DERC), senior government officials said on Monday. “The tariff order is ready, but some verification process is going on currently. Also, […]
Number of flights to and from Mumbai increases as Covid-19 cases dip
There has been an increase in the number of flights from and to the Mumbai airport with a decrease in Covid-19 cases. “In April end and May, the daily flights were reduced to around 150…around 350 flights are being operated now,” a Mumbai airport official said. The airport would record around 960 flights daily before […]
‘Unruly passenger’ creates ruckus at Delhi Airport
A Mumbai-bound Vistara Air passenger created a ruckus at the Delhi airport (T3) when he was not allowed to board the flight as he did not have the mandatory RT-PCR report which every Maharashtra-bound traveller is required to submit. “On June 22, a Vistara passenger had started a protest against the airline’s staff after he […]
Man held for creating ruckus at Delhi airport
A 36-year-old businessman was arrested at the Indira Gandhi International (IGI) airport for allegedly creating a ruckus after being denied boarding by airline officials for not carrying the mandatory RT-PCR report. “We registered a case under Sections 92, 93 and 97 (punishment for obstructing or annoying passengers in the street and misbehaviour with intent to provoke a […]
Mawya Sudan becomes IAF’s 1st woman fighter pilot from J&K
From drawing sketches of flying machines on the walls of her room to getting wings in the Indian Air Force (IAF), 24-year-old Mawya Sudan has become the first woman from Jammu and Kashmir to become a fighter pilot. Mawya’s family originally belongs to Lamberi village on the Line of Control (LoC) in Rajouri district. Her […]
Decommissioned IAF copters attract crowd at Mansa’s scrap workshop
Three decommissioned helicopters of the Indian Air Force (IAF) have turned a scrap dealer’s workshop into a major attraction in Mansa city. These flying machines, without engines or other sophisticated gadgets, were brought to the city on Monday from Sarsawa air force station in Uttar Pradesh’s Saharanpur district. Since then, scrap workshop ‘Mithu Kabaria’ has […]
American Airlines cut hundreds of flights as summer season starts
American Airlines will cut hundreds of flights over the next three weeks to avoid overloading its operation as demand for summer air travel rises faster than once expected. Spokeswoman Sarah Jantz said Tuesday that the cuts could average 50 to 60 flights a day the rest of June and between 50 and 80 a day […]
Jet Airways’ revival plan gets NCLT nod
Jet Airways, grounded since 2019, took a step closer to revival on Tuesday after a bankruptcy court approved the insolvency resolution plan submitted by Kalrock Capital and Dubai-based entrepreneur Murari Lal Jalan. The Mumbai bench of the National Company Law Tribunal (NCLT)directed the Jalan-Kalrock consortium to get the required approval and licences to restart the […]