New Delhi: Amid the ongoing feud between promoters, IndiGo Chairman M Damodaran has said Rakesh Gangwal’s apprehension that Rahul Bhatia’s group could push through questionable decisions after board expansion does no credit to the fiduciary responsibilities of directors. In a letter to the board of InterGlobe Aviation on August 5, Gangwal said there are “serious […]
Category: Deccan Chronicle
Deccan Chronicle
Lufthansa to launch new flight between Bengaluru and Munich
New Delhi: Lufthansa announced today the introduction of a new flight on the Bengaluru-Munich route. The new flight will fly out from Kempegowda International Airport, Bengaluru five times a week, starting from Munich on 31st March 2020. Lufthansa will operate their latest, state of the aircraft A350-900 with a configuration of 48 seats in Business […]
Chennai: Central rail station all set to tap solar energy
Chennai: In an effort to protect the environment and save conventional energy the Southern Railway has turned to solar power. The Southern Railway has set up rooftop solar power panels at Puratchi Thalaivar Dr MGR Central railway station to generate solar power. The railway has been generating 600 kw of solar power from the panels […]
APMDC to mine coal in MP, Chhattisgarh
VIJAYAWADA: The state-run AP Mineral Development Corporation (APMDC) which is looking for new avenues to improve its coffers is venturing into coal mining in other states. APMDC was allotted two coal mine blocks in Madhya Pradesh and Chhattisgarh under the allotment of Coal Mines of State Government Companies of States other than coal bearing host […]
Vijayawada: City airport looks to take off
Vijayawada: Vijayawada city will host an international airlines summit in the third week of August to explore the potential to enhance both domestic and international routes from the city’s airport. The Airport Authority of India, AP Aviation and the state government will be jointly organising the summit on the premises of the airport.
India looking at cutting west coast refinery capacity as cost escalates to USD 60 bn
New Delhi: India is looking at cutting capacity at its biggest oil refinery to match lower fuel demand projections and contain costs which jumped to USD 60 billion due to meeting stringent environment norms and relocation of the plant, top officials said. State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum […]
IndiGo promoters’ feud: Rakesh Gangwal says there are ‘serious unresolved issues’
New Delhi: Locked in a bitter battle with co-promoter Rahul Bhatia, InterGlobe Aviation co-promoter Rakesh Gangwal has said there are “serious unresolved issues” and termed reports of reaching a truce as false and misleading. In July, Gangwal flagged concerns over alleged corporate governance lapses at InterGlobe Aviation — parent of the country’s largest airline IndiGo […]
IndiGo feud unresolved: Rakesh Gangwal
Bengaluru: Co-founder of the country’s biggest airline IndiGo, Rakesh Gangwal said reports that a truce had been brokered between him and another co-founder Rahul Bhatia over disagreements on corporate governance were “false and misleading.” In a letter here dated Aug. 5, Gangwal told the board of IndiGo’s parent InterGlobe Aviation Ltd that issues between him […]
BP to enter India’s fuel retail market with Reliance tie-up
New Delhi: Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalise on rising demand in Asia’s third-biggest economy. The move comes days after BP said it would build a network of charging hubs for electric vehicles with China’s Didi Chuxing, betting on […]
Srisailam reservoir half-filled, to start hydel power
Hyderabad: The massive inflow of water into the Srisailam reservoir has increased the prospects of the state government starting hydel power generation from the dam. Srisailam can generate 1,670 MW of ‘green’ electricity TS Genco has started generating 240 MW hydel power from Jurala. At 8.30 pm on Monday night, Srisailam had 119 tmc ft […]
Bridge linking Kerala collapses in Kodagu
Mysuru: Travellers to Kerala were forced to make a detour owing a landslide which resulted in collapse of a part of the highway connecting Kodagu with Kerala near Maakutta on Sunday night. Torrential rain inundated parts of Kodagu on Sunday and Monday, and the side wall and part of the highway road which connects Kodagu […]
State Bank of India seeks bids for Videocon’s overseas oil, gas assets
Mumbai: The State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the beleaguered private firm. Consumer electronics firm Videocon Industries is one of the most indebted companies in India, with […]