The pace of National Highways construction in India is estimated to slow down by 7-10 per cent to around 31 km/day in the current fiscal due to heightened execution challenges, CareEdge Ratings said on Tuesday. The pace of National Highways construction in India during FY24 registered a healthy uptick of 20 per cent to 34 […]
Category: The Economic Times
Economictimes
DGCA suspends senior Vistara official for pilot training lapses
New Delhi, Aviation regulator DGCA has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. Vikram Mohan Dayal, Vice President of Training at the full service carrier, has been removed from his post, the source said. There was no comment from Vistara.
GMR Airports Infra to buy stake in WAISL for Rs 57 crore
GMR Airports Infrastructure on Tuesday announced acquiring an 8.4 per cent stake in WAISL, which provides digital infrastructure services at airports, as the company looks to strengthen its presence in airport-related businesses. The company has entered into an agreement to buy 4,60,000 shares or an 8.4 per cent stake of WAISL from Utthishta Virat Fund […]
Port Blair’s Veer Savarkar International Airport begins night operations
Port Blair: The Veer Savarkar International Airport in Port Blair in Andaman and Nicobar Islands has started night operations following a significant upgradation and advancements. On April 18, a private airline was the first to land using the ILS at VSI Airport.
Lenders to Go First weigh liquidation after court order on planes, sources say
Lenders to Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after a court order allowed lessors of the aircraft to take back their planes, two bankers with Go First’s creditors said on Tuesday. “There is no value left in the airline after the court order and chances […]
Mangaluru International Airport now a silent zone
The Mangaluru International Airport has implemented a new policy regarding passenger announcements, shifting away from using the public address (PA) system for such notifications, airport officials said on Tuesday. This change aims to cultivate a quieter environment for travellers, allowing them to utilise their time at the airport for various activities such as reading, conversing […]
Airbus order enough to have impact: IndiGo CEO Pieter Elbers
New Delhi: Strong domestic traffic and limited presence of Indian carriers in the global long-haul aviation market prompted IndiGo’s decision to enter this market segment, CEO Pieter Elbers said on Tuesday. Last week, IndiGo – which has more than 60% share of India’s domestic aviation market – placed an order for 30 Airbus A350-900 aircraft, […]
SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
The Indian Railways has awarded a Rs 817.74 crore wagon manufacturing contract to a joint venture of SAIL and RITES. These Bogie Open Wagons (BOXNHL) are aimed at transporting coal and iron ore. According to officials aware of the move, the tender for 2000 such wagons was awarded in the last week of April to […]
Why Elon Musk chose to go to China rather than visit India
Tesla CEO Elon Musk, on Sunday, traveled to China on an unexpected journey. Ironically, a week before, he had cancelled a much-hyped trip to India citing “very heavy Tesla obligations”. Musk was scheduled to meet Prime Minister Narendra Modi and senior officials during his India visit. The cancellation came despite Musk confirming his India visit […]
Tesla to cut hundreds more jobs in Musk cost push
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Elon Musk’s EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay […]
China’s electric cars keep improving, a worry for rivals elsewhere
Automakers in China are building a new generation of bigger, more technologically advanced and competitive electric cars, threatening to leap further ahead of their global rivals as they step up exports around the world. The dozens of car companies operating in China plan to put 71 new battery electric models on sale this year. Many […]
Indian Oil Corporation to Invest Rs 5,215 cr in green power
Indian Oil Corporation plans to invest ₹5,215 crore in building 1 gw of renewable energy capacity in the country. The state-run company said in a stock exchange filing on Tuesday that its board has approved the investment plan, which would involve setting up “standalone ground-mounted solar or standalone onshore wind or wind-solar hybrid projects” in […]