The Indian government’s push to boost domestic manufacturing of electric vehicles (EVs) may lead to large-scale entry of Chinese auto firms in the local market, a report by think tank GTRI said on Sunday. China’s automotive industry, buoyed by substantial state support, has grown rapidly in electric vehicle technology, making it a leading exporter of […]
Day: March 26, 2024
BYD takes on EV laggards Toyota, VW with aggressive China price cuts
Not content with unseating Tesla Inc. as the world’s top-selling electric car maker, BYD Co. has now set its sights on stealing customers from the likes of Toyota Motor Corp. and Volkswagen AG in one of the most aggressive rounds of discounting seen in China’s bruising price war. The automaker is currently discounting almost every […]
Tata Group will move to 70% green energy by 2030: Chairman Chandrasekaran
Tata Sons Chairman N Chandrasekaran on Saturday said the conglomerate will move to 70 per cent green energy by 2030. He was addressing the convocation of XLRI-Xavier School of Management in Jamshedpur where he was honoured with the Sir Jehangir Ghandy Medal for Social and Industrial Peace. “Nation-building impulse is as relevant now as it […]
FAA weighs curbing new routes for United Airlines after series of mishaps
US aviation authorities are considering drastic measures to curb growth at United Airlines Holdings Inc., including preventing the carrier from adding new routes, following a series of safety incidents. The Federal Aviation Administration has discussed temporary actions it may take with the airline’s leadership in recent days, according to people with knowledge of the matter. […]
India has extremely affordable airfares: Akasa Air CEO Vinay Dube
India has “incredibly affordable” airfares and the country’s aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline’s chief Vinay Dube. As Akasa Air prepares to take the international skies on March 28 with the first overseas flight from Mumbai […]
17% more flights in Thiruvananthapuram airport summer roster than in winter
The International Airport here has announced its summer schedule with 17 per cent more weekly flight operations than the winter schedule. The summer schedule is effective from March 31 to October 24, 2024. A total of 716 weekly ATMs (Air Traffic Movements) is the highlight of this schedule against 612 in the winter schedule, an […]
Boeing considers turning to outsider CEO for tackling spiraling crisis
Boeing’s board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts predicting it will seek an outside remedy. Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup […]
Boeing CEO Dave Calhoun to step down this year, board chairman to exit
Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker’s sprawling safety crisis exacerbated by a January mid-air panel blowout on a 737 MAX plane. In addition, board chair Larry Kellner and Stan Deal, head of the company’s commercial planes business, are also leaving as Boeing’s […]
Biggest challenge facing new Boeing CEO is winning over other airlines
Boeing Co.’s customers finally have what they’ve been after: a leadership shakeup at the planemaker. Days after top executives of major US airlines turned up the heat on Boeing’s board to get a handle on its spiraling safety crisis, the embattled manufacturer announced one of the most dramatic overhauls in its century-long history. The trio […]
IL&FS seeks nod to sell insolvent companies without shareholders’ approval
IL&FS group has approached the NCLAT to seek permission to sell its stake with a “haircut” and without shareholders’ approval in its companies, which are insolvent with unsustainable debts and placed under the Category II list of resolution framework. The government sought time to file a reply from the National Company Law Appellate Tribunal (NCLAT) […]