Adding Abu Dhabi as its fourth foreign destination, GoAir on Tuesday announced that it will start flight services from Kannur to the United Arab Emirates (UAE) capital from March 1.
Category: Business Line
Business Line
Hyderabad airport to double cargo handling capacity
GMR Rajiv Gandhi International Airport (RGIA) at Hyderabad is planning to double its cargo handling capacity especially in the bulk drugs category in the next three years.
IndiGo ties up with Skyborne for pilot training
IndiGo on Tuesday selected the United Kingdom (UK)-based Skyborne Airline Academy to train up to 100 pilots annually over the next five years under its cadet pilot programme.
Jet Airways grounds 3 more planes on lease rental default
Crisis-ridden Jet Airways was Tuesday forced to ground three of its Boeing 737 planes due to non-payment of lease rentals, leading to cancellation of around 20 domestic flights, according to sources.
SBI set to control 15% of Jet Airways
India’s largest lender State Bank of India (SBI) is set to swap part of its loans into a stake of at least 15 per cent in Jet Airways as lenders to the carrier plan similar conversions of some debt into equity to help keep the carrier alive, people with knowledge of the matter said.
IIFL’s Rs. 2,000-cr NCD issue: HC issues notices to SEBI, MCA
The Madras High Court has admitted a public interest litigation challenging the ongoing Rs. 2,000-crore public issue of NCDs of India Infoline Finance (IIFL).
Gadkari to launch 7 road, river projects worth ₹ 872 cr in Bihar on Wednesday
Union Minister for Road Transport & Highways, Shipping and Water Resources, Nitin Gadkari, will inaugurate and lay foundation stones for seven road and river projects in Bihar, entailing ₹871.61 crore investment, on Wednesday.
Chennai Petroleum Corporation ( Rs. 242.2): Sell
Investors with a short-term perspective can consider selling the stock of Chennai Petroleum Corporation at current levels. The stock tumbled 5.8 per cent accompanied by above-average volume breaking below a key support level of Rs. 257 on Monday. Since encountering a key resistance at Rs. 477 in November 2017, the stock has been in an […]
US sanctions Venezuelan state oil firm, escalating pressure on Maduro
Trump administration’s sanctions stops short of banning US companies from buying Venezuelan oil
Launches BPCL’s ₹16,504-cr refinery complex in Kochi
Prime Minister Narendra Modi on Sunday dedicated to the nation the Integrated Refinery Expansion Complex by the Bharat Petroleum Corporation Limited (BPCL) and laid the foundation stone for a petrochemical complex at Kochi Refinery.
Fuel costs, losses at Mundra plant drag Tata Power’s Q3 net
Tata Power reported nearly 67-per cent decrease in consolidated net profit in the third quarter of current fiscal due to lower profits from coal business and higher expenses (including increased fuel costs and losses) at Mundra power plant.
‘AI will drive aerospace sector in the next 15 years’
Artificial Intelligence (AI) will be the key driver of fast-paced developments in Aerospace sector in the next 15 years, said VK Saraswat, member, NITI Aayog.