MUMBAI: InterGlobe Aviation Ltd, which operates India’s largest domestic airline IndiGo, will build its second aircraft maintenance, repair and overhaul (MRO) centre in Bengaluru to cater to a fast-growing fleet of mostly Airbus SE planes.
Category: Live Mint
Live Mint
Soon, you can take a flight from Delhi’s second airport at Hindon
New Delhi: Civilian flight operations from Hindon airbase is likely to start from March, a government official said Wednesday.
Oil prices rise as Saudi Arabia cuts supply to United States
Singapore: Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. US West Texas Intermediate (WTI) crude futures were at $54.58 per barrel at 0249 GMT, up 35 cents, or 0.7 percent, from their last […]
Arvind, Polser in JV for construction industry materials
Ahmedabad: Arvind Limited has entered into a joint venture with Polser AS (Turkey) – a global leader in laminated composite panels – for manufacturing corrugated and plain fiberglass sheets to serve the construction industry in India and overseas.
Chanda Kochhar says hurt and shocked by her termination
MUMBAI: Chanda Kochhar said she is “disappointed, hurt and shocked” by ICICI Bank decision Wednesday evening to treat her resignation as a “termination for cause” after an independent probe indicted her.
Air India to get capital infusion till divestment
The government will continue to give financial support to debt-ridden Air India, subject to stringent riders on efficiency improvement till the national carrier is divested, a person privy to the discussions in the government said.
UP lowers electrification target, claims all households electrified
NEW DELHI: The Bharatiya Janata Party (BJP) government in Uttar Pradesh has slashed its household electrification target from 12 million to 7.47 million, saying all households in the state have now been electrified under the Union government’s politically important Saubhagya scheme.
NTPC sees a steady December quarter, but headwinds persist
Shares of NTPC Ltd have lost 19% over the past year as tight fuel supplies impacted utilization levels at its power plants, weighing on earnings. The December quarter has been relatively better on the operations front. Compared to a fall in the past three quarters, both availability and utilization levels of the coal plants improved […]
IOC Q3 net profit plunges 91% to ₹717 crore
Bengaluru: Indian Oil Corp Ltd (IOC) reported nearly 91% slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.
AISATS appoints Ramanathan Rajamani as CEO
Mumbai: Air India SATS (AISATS), a joint venture between Air India Limited, and Singapore-based SATS Limited, which provides gateway and cargo services at airports, on Wednesday said that it has appointed Ramanathan Rajamani to lead the company.
Plans afoot to electrify over 6,000 km of rail network in 2019: Piyush Goyal
NEW DELHI: The Railways plans to electrify over 6,000 km of its network in the coming financial year, Railway Minister Piyush Goyal said Wednesday.
‘Scheduled’ lease expiry behind flight cancellations: Jet Airways
Jet Airways (India) Ltd said it was forced to cancel dozens of local flights for two consecutive days as the lease periods on some planes expired while a few others are undergoing “engine normalization” exercises.