Adani Group seals deal to take control of GVK’s Mumbai airport

New Delhi: Billionaire Gautam Adani’s Adani Group on Monday said it will acquire GVK’s stake in Mumbai airport to become the country’s biggest private airport operator, with a cumulative shareholding to 74 per cent. According to a regulatory filing, Adani Airport Holdings Ltd (AAHL), the flagship holding company of Adani Group for its airport business, […]

DGCA extends ban on international passenger flights till September 30

New Delhi: The suspension of scheduled international passenger flights has been extended till September 30, said Indian aviation regulator DGCA on Monday. “However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” noted the Directorate General of Civil Aviation (DGCA) in a circular.

Power ministry advises telcos to cap late payment surcharge at 12%

New Delhi: The government has asked power generating and transmission companies to cap late payment surcharge at 12 per cent per annum for all dues cleared under the Rs 90,000 crore liquidity infusion scheme of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) under Atmanirbhar Bharat Abhiyan. With this measure, the financial burden on […]