New Delhi: After Ayodhya, SpiceJet plans to expand its business over the next two years and increase connectivity between various tourist and religious destinations including Lakshadweep, the airline’s chief Ajay Singh said. The domestic carrier has also plans to operate seaplanes and is awaiting infrastructure development for water ports, the CMD told PTI in an […]
Category: Deccan Herald
Deccan Herald
Fund raising plan: SpiceJet receives first tranche of Rs 744 crore
New Delhi: SpiceJet, which has been facing multiple headwinds, on Friday said it has received Rs 744 crore as the first tranche of funds being raised through allotment of securities on a preferential basis. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore through issuance of securities. According […]
Karnataka to soar in aviation, says PM Modi
Karnataka is evolving into a major aviation hub due to the many aerospace manufacturing and research facilities being built in the state, Prime Minister Narendra Modi said on Friday, as he inaugurated the Boeing India Engineering & Technology Centre (BIETC) in Bengaluru. “It is a big day for the residents of Karnataka,” Modi said, lauding […]
PM Modi inaugurates Boeing’s largest facility outside US in Bengaluru
Bengaluru: Prime Minister Narendra Modi on Friday inaugurated Boeing’s new global engineering and technology centre campus near here. Built at a cost of Rs 1,600 crore, the 43-acre state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus is the planemaker’s largest such investment outside the US, the company said. The campus at Hightech Defence and […]
Know your flyer rights
On Sunday, some 50 outbound flights were delayed at Kempegowda International Airport (KIA), Bengaluru, and schedules of several inbound flights were affected, too. Metrolife asked travel and consumer rights experts about what flyers can do in such circumstances. According to the Directorate General of Civil Aviation (DGCA) guidelines, when a flight is delayed for less […]
Peenya flyover in Bengaluru reopened for light goods and motor vehicles
Bengaluru: The Peenya flyover, that was shut for two days, has been reopened on Friday for the movement of only light motor vehicles and light goods vehicles. The 4.2-km flyover was temporarily closed for all vehicles from 11 pm on Tuesday to facilitate load testing by the National Highways Authority of India (NHAI). NHAI officials […]
Marikuppam MEMU train to terminate at KR Puram for 3 months
Bengaluru: Train number 01778/01779 Marikuppam-Baiyappanahalli-Marikuppam MEMU will be terminated at KR Puram from January 24 to April 30 due to operational constraints at Baiyappanahalli. The following trains will run on different routes due to engineering work related to the track maintenance between Sitafal Mandi-Kacheguda and Alampur Road-Kurnool City sections of the Hyderabad division: Train number […]
Bengal train services affected as outfit demanding separate state blocks tracks in Jalpaiguri
Jalpaiguri (WB): Train services were affected as members of the All Kamtapur Students’ Union (AKSU) blocked the railway tracks in West Bengal’s Jalpaiguri district on Friday morning to press for their demand for a separate state. The blockade at the Betgara station in the New Jalpaiguri-New Bongaigaon section of the Northeast Frontier Railway began at […]
Lower price realisation, ‘inspection shutdown’ hit RIL’s oil biz
New Delhi: Reliance Industries Limited (RIL) on Friday reported a consolidated net profit of Rs 17,265 crore for the quarter ended December 31, posting a year-on-year (YoY) growth of 9.3%, but marginally lower than the previous quarter as “inspection shutdown” and lower price realisation on its oil business hit earnings. The company’s revenue from oil-to-chemicals […]
Reliance Q3 profit rises 31.87% to Rs 3,165 cr; revenue up 23.75% to Rs 74,373 cr
New Delhi: Reliance Retail Venture Ltd (RRVL) on Friday reported a 31.87 per cent rise in its net profit to Rs 3,165 crore for the third quarter ended in December 2023. Its revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24, led by its grocery, fashion & […]
Boeing sees no delays to plane deliveries to India because of MAX 9 issues
Hyderabad: Boeing expects no meaningful delays of plane deliveries to India because of the MAX 9 issues even as it intensifies quality scrutiny of its 737 jets production programme, a top company executive said on Friday. The planemaker will also focus on the quality of aircraft over numbers in India, Darren Hulst, Boeing’s vice president […]
South Asia will need 2,705 new airplanes by 2042: Boeing forecast
Hyderabad: South Asia, including India, will need 2,705 new airplanes by 2042. American aircraft manufacturer Boeing forecasted that the South Asia region will become the fastest-growing commercial aviation market with more than 8 per cent annual traffic growth over the next 20 years. Supported by a strong economy, India’s rapidly expanding middle class will drive […]