SpiceJet sacks three executives over charter flight fraud

New Delhi: SpiceJet has terminated the services of three employees after an internal audit found that some senior executives had cancelled scheduled flights to operate charters, leading to financial losses for the low-cost carrier, people directly involved in the matter told ET. The airline denied any incident of fraud even as it said some commercial […]

NCLAT directs Jet ownership transfer to Jalan Kalrock team

The National Company Appellate Tribunal (NCLAT) on Tuesday directed the monitoring committee of Jet Airways to complete the transfer of the airline’s ownership to Jalan Kalrock Consortium (JKC) within 90 days. It also directed JKC to obtain an air operator’s certificate within this period. The tribunal also allowed the adjustment of the performance bank guarantee […]

Maruti Suzuki’s in-plant railway siding, India’s first such project, inaugurated by PM Modi in Gujarat

India’s first automobile in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat’s Mehsana district. Modi inaugurated it virtually from a function in Ahmedabad. Modi also inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch […]

PM Modi dedicates to nation Marathwada Rail Coach Factory, launches various projects in Maharashtra

Mumbai, Prime Minister Narendra Modi on Tuesday dedicated to the nation the Marathwada Rail Coach Factory and launched various other railway projects in Maharashtra, officials said. As part of launch of the projects via video conference from Ahmedabad in Gujarat, he also inaugurated five Jan Aushadi Kendras (for affordable and quality generic medicines) at the […]

Maruti Suzuki looking at transporting more vehicles via railways to cut down costs and reduce emissions

The country’s leading carmaker Maruti Suzuki is looking at transporting more vehicles it makes via railways to cut down costs and reduce emissions in line with the government’s push towards clean mobile solutions. The company, along with joint-venture partners, has invested over Rs 1081 crore to commission the country’s first in-plant railway siding at its […]