Govt auctions 91 coal mines for commercial use so far

A total of 91 coal mines have been auctioned so far with expected annual revenue of over Rs 33,000 crore, an official statement said on Tuesday. Since the launch of commercial coal auctions in 2020, the transparent and fair auction process has been well-received by the industry, with no complaints received, it added. he sale […]

Air India-Vistara merger gets Singapore’s conditional approval

Singapore’s competition watchdog said on Tuesday it has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions. Singapore’s flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service […]

NCLT reserves order in Aircastle’s insolvency case against Spicejet

The National Company Law Tribunal (NCLT) on Monday reserved its order in the matter related to Dublin-based aircraft lessor Aircastle Limited’s insolvency petition against budget airline SpiceJet. SpiceJet’s counsel has cast doubt over the maintainability of Aircastle’s petition as the latter had filed a separate petition under the Insolvency and Bankruptcy Code, 2016 (IBC) against […]

PM Modi launches development projects worth over Rs 19,500 crore in Odisha

Prime Minister Narendra Modi on Tuesday launched multiple development projects worth over Rs 19,600 crore in Odisha’s Jajpur district. Modi said the BJP-led central government was committed to the development of eastern India, which is filled with natural resources. “Our government works for the present as well as for the future, with the aim of […]

Guwahati’s JettWings Airways gets nod to fly in 12 sectors in various states

The Guwahati-based JettWings Airways on Tuesday said that it has received permission to operate across 12 sectors in the Northeast, West Bengal, Uttar Pradesh and Bihar, under the UDAN scheme. The newest entrant in the Indian Aviation sector will connect the airports at Guwahati, Pakyong, Cooch Behar, Kushinagar, Gaya, Bareilly, Kanpur and Agra, the company […]