India’s airline industry is growing so fast that the country could support at least one other international hub beyond Mumbai and Delhi, Campbell Wilson, the chief executive officer of Air India Ltd., said. “India can be home to at least three hubs and plenty of point-to-point services,” Wilson said at an industry event in Gurugram […]
Day: March 21, 2024
Weakness of Air India supported survival of airlines around India: CEO
This report has been updated to correct an error in Air India CEO & MD Campbell Wilson’s quote Airlines domiciled around India have survived due to Air India’s weakness, but the carrier now has an opportunity to reclaim the market from them and transform the country into a hub for travellers, said the airline’s Chief […]
NCLAT directs 11 PSBs to not take action against IL&FS till next hearing
The National Company Law Appellate Tribunal (NCLAT) has directed 11 public sector lenders not to take coercive action against IL&FS and its group companies till its next hearing on May 14. A two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan also issued notices to the banks, along with the Reserve Bank of India (RBI), […]
Top Canadian pension funds invest $438 million in Indian highways trust
Two big Canadian pension funds invested a total of C$595 million ($438.3 million) in India’s National Highways Infra Trust (NHIT) this week, dialling up their bets on the poll-bound South Asian country’s booming infrastructure sector. In the trust backed by the Indian government for developing national highways, the Canada Pension Plan Investment Board and the […]
Brahmaputra Infrastructure wins NHAI road project tof Rs 50.80 cr
Brahmaputra Infrastructure has received a LOA from the office of General Manager ( Tech.) – Ne NHAI, Ministry of Road Transport and Highways , Government of India for the execution of the Contract for Four Lane divided carriageway Road with paved shoulders configuration from km. 5+500 to km. 35.862 of NH-36 and km. 00+000 to […]