Mumbai: Stare-run oil companies and Saudi Aramco have teamed up to build the USD 44 billion refinery, which is aimed at giving India steady fuel supplies while meeting Saudi Arabia’s need to secure regular buyers for its oil. But thousands of farmers are refusing to surrender land, fearing it could damage a region famed for […]
Category: Deccan Chronicle
Deccan Chronicle
Why Jet Airways is being sold for Rs 1
Debt-ravaged Jet Airways India, the country’s biggest full-service airline, is selling a majority stake for Rs 1 a little more than 1 US cent. It’s part of a bailout plan by its state- owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through […]
Aero India 2019: 24 hrs to go, Rafale roars across sky
Bengaluru: As the countdown begins for Aero India 2019, the city got a taste of what is in store at the dress rehearsal for the event on Monday which saw a daredevil aerobatic display by the Sarang and Surya Kiran teams to the applause of the stunned audience. With children thronging to meet the pilots, […]
A saga of the Indian AWACS
Bengaluru: At the time when low flying to avoid radar detection was predominant, the Americans in 1973, brought in new Operational Requirements (OR) for the design and development of Airborne Warning and Control System called ‘AWACS’, but their initial Operational Clearance (IOC) version of AWACS started flying in 1978. Following this. in the mid-eighties, India […]
Aero India 2019: USIBC to land with largest US delegation
Bengaluru: The U.S.-India Business Council (USIBC), with its executive mission led by Dr Vivek Lall, vice president of Lockheed Martin, will arrive with the largest US industry delegation at Aero India 2019, in order to strengthen defense and security partnerships between the United States and India. The executive mission would comprise of senior executives from […]
AAI to extend, strengthen runway at Tirupati airport
Tirupati: In a bid to enable the operations of wider body aircrafts at the Tirupati international airport, the Airports Authority of India (AAI) is mulling to extend and strengthen the existing runway from 2,286 mtrs to 3,810 mtrs, which can cater for code E aircrafts, said M. Siva Raju, director. Addressing mediapersons in Tirupati on […]
Macquarie backs drone map, electric-vehicle businesses
Macquarie Group, the world’s largest manager of infrastructure assets, has seeded money in a map system for drones and an electric-vehicle sharing business, it said on Monday. The investments highlight how money managers are looking beyond traditional infrastructure projects, such as toll roads and airports, to burgeoning technologies. “The overarching theme is that technology is […]
Reliance Group shares in demand; zoom up to 11.3 per cent
New Delhi: Stocks of Reliance Group companies Monday zoomed up to 11.3 per cent after the Anil Ambani-led Group reached a ‘standstill agreement’ with more than 90 per cent of its lenders under which they will not sell any of the shares pledged by promoters till September. Shares of Reliance Power zoomed 11.27 per cent […]
Bengaluru: An eye in the sky for Army in border areas
Bengaluru: In order to thwart attacks by terrorists such as the one in Pulwama on Thursday, Bengaluru-based Alpha Design Technologies Ltd (ADTL) has offered ‘Skylark’ and ‘SkyStriker’ Unmanned Aerial Vehicles (UAV) to the Indian armed forces, and both will be on display at Aero India 2019 commencing here on February 20. ‘Skylark’, designed to operate […]
Rising discom dues may adversely affect power supplies: APP
New Delhi: Joining the chorus against power distribution utilities (discoms) delaying payment to electricity producers, the Association of Power Producers (APP) has said the burgeoning dues may adversely affect electricity supplies. Earlier this month, state-run power giant NTPC had given notices to Andhra Pradesh, Karantaka, Telangana and Jammu and Kashmir for curtaining power supply over […]
India’s coal import rises 5 per cent to 190 MT in Apr-Jan
New Delhi: Coal imports increased by 5.1 per cent to 189.9 million tonnes (MT) in the April-January period of the ongoing fiscal, according to a report. Coal imports were at 180.61 (MT) in the April-January period of the previous fiscal, the report by mjunction services showed. mjunction, a joint venture between Tata Steel and SAIL, […]
AirAsia India offers 20 per cent discount on fares across flights
Mumbai: Low-cost carrier AirAsia India on Friday announced an up to 20 percent discount on its ticket prices for travel across its flights as well as AirAsia network for a limited period sale offer. The seven day offer commences from February 18 for travel between February 25 and July 31, AirAsia India said in a […]