Fast-growing defence start-up, Big Bang Boom Solutions Private Limited (BBBS), has secured an order worth more than Rs 200 crores from the Indian Air Force (IAF) and the Indian Army for its counter-unmanned aerial systems (C-UAS) technology, the company announced on Monday. This contract is the largest the Ministry of Defence (MoD) has awarded under […]
Day: March 12, 2024
Coromandel Int’l delivers 200 drones to women SHGs to modernise farming
Agri-solutions provider Coromandel International has announced the delivery of 200 drones to women from Self Help Groups (SHGs), aimed at modernising agricultural practices. The initiative is part of the Central Government’s mission to bolster the country’s agricultural sector through the ‘Namo Drone Didi’ scheme. In an event organised by the Ministry of Chemicals and Fertilizers […]
Delhi airport expects 72 mn passengers, expanded T1 to be functional in May
The Delhi airport is expected to handle more than 72 million passengers in the current fiscal ending March 31, the highest-ever annual traffic, and the expanded Terminal 1 is likely to be operational in May, its CEO Videh Kumar Jaipuriar said on Sunday. The expanded T1 terminal, the capacity of which has increased to 40 […]
Rakesh Gangwal mops up Rs 6,786 crore from 6% stake sale in Indigo
Co-founder Rakesh Gangwal on Monday divested a 6 per cent stake in InterGlobe Aviation (Indigo) through bulk deals to mop up Rs 6,786 crore. He sold 23 million shares at Rs 3,016 a piece, the data from the stock exchanges showed. Morgan Stanley Asia picked up shares worth Rs 633 crore. Morgan Stanley, Goldman Sachs, […]
GE Aerospace inks flight operations software contract with Air India
GE Aerospace announced on Monday a landmark contract for flight operations software with Air India, the Indian airline that was bought by the Tata Group in 2022. With this strategic collaboration finalised, Air India has become the first enterprise in India to adopt GE’s FlightPulse pilot app, together with “Safety and Fuel Insight,” for its […]
SpiceJet COO Kashyap, CCO Bhatia resign amid firm’s cash-crunch issues
SpiceJet’s Chief Operating Officer (COO) Arun Kashyap and Chief Commercial Officer (CCO) Shilpa Bhatia have resigned from the airline and are currently serving their notice period, sources privy to the development said on Monday. The airline did not respond to Business Standard’s request for a comment on this matter. Meenakshi Kashyap, wife of Arun Kashyap, […]
IndiGo soars 8% from day’s low on Rakesh Gangwal’s likely large block deal
Shares of InterGlobe Aviation- the parent firm of IndiGo – jumped 5 per cent on BSE to an intra-day high of Rs 3,262 in Monday’s trade after over 20 million shares of the airline changed hands via a block deal. With this, the stock bounced back 8 per cent from its intra-day low of Rs […]
PM Modi virtually inaugurates 15 airport projects worth Rs 9,800 crore
Prime Minister Narendra Modi unveiled 15 airport projects worth Rs 9,800 crore, stating that these inaugurations should not be seen through the lens of the upcoming general elections but as part of the nation’s journey to become developed by 2047. Modi, at a public rally in Azamgarh, Uttar Pradesh, virtually inaugurated the new terminal buildings […]
PM Modi unveils, lays foundation of projects worth over Rs 34,000 cr in UP
Prime Minister Narendra Modi on Sunday inaugurated and laid the foundation stones of several development projects worth more than Rs 34,700 crore across the state. The PM was accompanied by Uttar Pradesh Chief Minister Yogi Adityanath and other BJP leaders as he visited the Manduri area of the district. Modi inaugurated Azamgarh, Shravasti, Chitrakoot, and […]
Coastal road to save $100 mn a yr in carbon emissions: Mumbai civic chief
The opening of the coastal road’s southbound carriageway between Worli and Marine Drive will reduce travel time from 40 minutes to just 9 minutes and save nearly USD 100 million annually in carbon emissions through fuel savings, Mumbai civic chief Iqbal Singh Chahal has said. The first phase of the coastal road project was inaugurated […]
Mumbai gets its first coastal road, to open for people on Tuesday
The Mumbai Coastal Road kept its date with the city before the state and the general elections. State dignitaries inaugurated the project on Monday, amid fanfare, including a special city transport bus for women plying the new road. Starting Tuesday, 9.5 km of the 10.58 km road will be opened to regular traffic. The full-stretch, […]
Maharashtra CM Shinde inaugurates first phase of Mumbai coastal road
Maharashtra Chief Minister Eknath Shinde on Monday inaugurated the first phase of the coastal road between Worli and Marine Drive in south Mumbai and said it is an “engineering marvel”. A 10.5-kilometer-long stretch will be opened for traffic in the first phase, an official earlier said, adding that motorists can enter the coastal road from […]