In a major relief for fliers flying in or out of airports at Srinagar, Jammu, Leh, Pathankot, Amritsar, Shimla, Kangra, Kullu Manali, Pithoragarh, flight operations have been resumed, DGCA official was quoted as saying by PTI. Earlier in the day, Srinagar, Jammu and Amritsar airports were shut due to escalating tensions between India and Pakistan. […]
Category: The Economic Times
Economictimes
Air India seeks to raise Rs 7,000 crore via domestic bonds
Air India plans to raise up to Rs 7,000 crore through one of the largest domestic bond sales this year to repay its maturing loans and restructure stressed debt, three people with the direct knowledge of the matter said. “The company has received an in-principle approval from the government, which will guarantee the proposed bonds,” […]
Oil slips on record US crude output, China’s weakening economy
SINGAPORE: OilNSE 0.84 % prices dipped on Thursday, dragged down by China’s weakening economy and record US crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. International Brent crude futures were at $66.23 per barrel at 0129 GMT, down 16 cents, or 0.2 per cent from their last […]
Crude prices headed north, but US output may slam the brakes
Crude prices ended the week on a positive note after touching their highest highs since late November amid OPEC-led production cuts and the US sanctions against Venezuelan exports, which are helping cut down the excess global supply. Prices got more support after the optimism that the trade deal between the United States and China would […]
Share market update: OMCs trade in the red; HPCL, IOC among top losers
NEW DELHI: Most OMCs were in the red in Wednesday’s afternoon session with its sectoral index on BSE trading lower. Shares of Hindustan Petroleum Corporation (down 1.90 per cent) , Indian Oil Corporation (down 1.73 per cent) , Bharat Petroleum Corporation (down 1.71 per cent) and Petronet LNG (down 1.08 per cent) were the top […]
BHEL pays 40% interim dividend for FY19
New Delhi: State-run engineering firm BHELNSE -0.62 % Wednesday said it has paid an interim dividend of 40 per cent for financial year 2018-19. This is the highest dividend paid by BHEL in a single year, in the last five years, the company said in a statement. “In value terms, this dividend amounts to Rs […]
Jet Airways grounds more planes; scrip slips over 3%
NEW DELHI: Shares of Jet AirwaysNSE -2.21 % slipped over 3 per cent on Thursday morning on reports that in the last two months it has trimmed its fleet by 28 planes and will ground about a dozen more aircraft in March mainly due to non-payment of rentals. The scrip hovered at Rs 217.70, down […]
PAF intrusion: India cancels flights to various airports
Nine airports, including the ones in Srinagar and Jammu, were closed on Wednesday for civilian air traffic amid escalating tension with Pakistan, officials said. Airports at Srinagar, Jammu, Leh, Pathankot, Amritsar, Shimla, Kangra, Kullu Manali, Pithoragarh were among those closed, they said. The move to close the airports comes amid escalation of tension between India […]
Govt releases passenger charter specifying rights of air travellers
Civil Aviation Minister Suresh Prabhu released the passenger charter Wednesday which specifies rights of air travellers. The charter states that if a domestic flight is expected to be delayed by more than six hours, then the airline would offer an option of “alternate flight” to the passenger within that time, or it will refund the […]
Pakistan bans Indian flights in its airspace; ask Jet airways flight to return
The Pakistanis have banned any Indian aircraft from using their airspace and has started returning Indian flights that were flying over their airspace. Sources said that a Jet AirwaysNSE -1.96 % flight that was flying over the Pakistani airspace was asked to return and is returning now. “A Jet Airways flight was asked to leave […]
Commercial flights to all airports resume, for now
The Indian authorities have allowed commercial operations to all the airports that were shut after a few fighter jets of the Pakistani Air Force entered the Indian side of Kashmir. “As of now ops to these airports resumed,” said a senior DGCA official. The authorities had informed all airlines that airports near the Jammu & […]
Pakistan closes airspace: Jet wants DGCA to relax crew timing curbs
MUMBAI: Jet AirwaysNSE -1.96 % has sought relaxation in flight duty and rest-hour norms from the regulator DGCA due to the closure of the Pakistani airspace and subsequent rerouting of the West-bound flights amid escalation of tension between the two nations. The dispensation has been sought as these West-bound flights, which were earlier using the […]