Indian airlines will operate a total of 24,275 weekly domestic flights during the summer schedule starting from March 31, a nearly 6 per cent increase compared to the year-ago period. The number of weekly departures is just 2.30 per cent higher as against 23,732 flights being operated by the scheduled carriers in the ongoing winter […]
Day: March 22, 2024
Akasa Air bullish on international services; plans flights to Kuwait, Saudi Arabia by Oct-end
The nearly two-year-old Akasa Air plans to start flights to Kuwait, Riyadh and Jeddah by the end of October this year, after launching its maiden overseas services to Doha this month, as the airline is bullish on overseas expansion. “We are very excited about the potential of international flying… the potential that India offers,” Akasa […]
Akasa Air will not have to cancel flights due to new pilot rest rules: Vinay Dube
Akasa Air doesn’t see any curtailment of flights due to the new pilot rest rules even though it has planned an exponential growth and international foray this summer, CEO Vinay Dube. Dube is a co-founder of the airline which started in 2022 and is backed by the family of late stock market investor Rakesh Jhunjhunwala.
Wilmington moves NCLAT in SpiceJet insolvency case
New Delhi: Wilmington Trust SP Services, Thursday, argued before the National Company Law Appellate Tribunal on Thursday to overturn the National Company Law Tribunal, Delhi’s January order dismissing its insolvency petition filed against the budget airline SpiceJet. Wilmington Trust SP Services contended that as a trustee, it could file an insolvency petition on behalf of […]
IndiGo nears decision on widebody jets
IndiGo is exploring the purchase of widebody aircraft, according to people familiar with the matter, a move that would give Asia’s biggest budget carrier a greater international radius and intensify competition with Air India Ltd. The airline is still considering several options, with an order for about 30 Airbus SE A350s emerging as the most […]
Shyam Metalics forays into aluminium flat-rolled products
Shyam Metalics & Energy announced its ambitious foray into a greenfield expansion project focused on aluminium flat-rolled products. The Group intends to invest Rs 450 crore in the project. The investment is aimed at capacity expansion of the group while also generate the employment of 1000 direct and in-direct jobs. It will also increase manufacturing […]
India’s coal import rises to 212 million tonnes in April-January period
The country registered a marginal rise of 1.65 per cent in coal imports to 212.24 Million Tonnes (MT) in the April-January period of the ongoing fiscal, over the year-ago period. India’s coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by Mjunction Services Ltd. Mjunction Services Ltd […]
Vedanta says projects pipeline in place to add $6 bn to topline, $2.5-3 bn to EBIDTA
Mining conglomerate Vedanta Ltd has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and incremental USD 2.5-3 billion of annual EBITDA upon completion, a top company executive said at an investor event. These growth initiatives, which the company […]
MG Motor, JSW unveil electric sports car Cyberster. Here are likely price & launch date, speed, other details
India’s JSW Group and Chinese car manufacturer SAIC Motor-owned MG Motor India today unveiled the Cyberster, an all-electric convertible roadster, in India. The company claimed that the Cyberster can accelerate from 0-100 km/h in just 3.2 seconds. Commenting on the launch, Sajjan Jindal, Chairman of JSW Group said that they want to launch one electric […]
Ather announces new exchange scheme for old scooters. Here are details
Ather Energy, the leading electric scooter manufacturer, has introduced a new exchange program aimed at current scooter owners in Bengaluru who are interested in upgrading to the latest models, the 450X or the 450 Apex. This initiative, launched as a pilot program, targets select customers who registered for the Ather Upgrade program in January 2023. […]
Volkswagen unveils ID.4 EV and revamped Taigun lineup
Volkswagen India recently unveiled a range of new products at its annual brand conference. Among the highlights were the new GT Plus Sport and GT Line variants for the Taigun SUV, along with the debut of the much-anticipated ID.4 electric vehicle. The German carmaker also revamped the line structure for the Taigun, its GNCAP 5-star […]
M&M, Adani Total Energies join hands to set up EV charging infra
Mahindra & Mahindra has joined hands with Adani Group’s Adani Total Energies E-Mobility Limited (ATEL), to set up electric vehicle charging infrastructure across the country, the companies said on Thursday. The partnership will also entail rolling out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery,