Campbell Wilson, Air India’s managing director and CEO, on Friday said that a majority of pilots have accepted the new compensation package offered by the carrier last week. The statement assumes significance as the two pilot unions – Indian Commercial Pilots Association (ICPA) and Indian Pilots Guild (IPG) – have urged their members not to […]
Category: The Financial Express
The Financial Express
CEO-designate Kapoor resigns, JKC says Jet revival plan intact
Sanjiv Kapoor, CEO-designate of grounded airline Jet Airways, has resigned from the company even as an impasse between lenders and Jalan-Kalrock Consortium (JKC) remains unresolved. However, JKC said in a statement that the revival plans for the airline remains on track and a new CEO will be announced soon. Kapoor’s resignation comes two weeks prior […]
Trials for Coal India’s in-house e-auction platform to begin in May
Trials for Coal India‘s in-house e-auction platform will begin in May, a senior official said on Thursday. At present, the e-auctions are conducted through external agencies such as MSTC Ltd and mjunction Ltd. Within the next three-four months, all e-auctions of the state-owned Coal India will move to the in-house platform, which has been developed […]
Boeing rectifies issue with supplier; To step up 737 Max deliveries
Aircraft maker Boeing on Wednesday said that clean fuselage supplies from its vendor Spirit AeroSystems will commence ‘imminently’ allowing it to step up production of the 737 Max aircraft, even as buyers, including Air India and Akasa Air, would have to wait longer for deliveries. More than two-thirds of Boeing’s finished inventory comprising 225 737 […]
As staff exodus continues, hope fades for Jet 2.0
The possibility of Jet Airways’ revival is getting slimmer by the day with most of its employees now having quit the airline. This could potentially bring curtains down on the efforts of the Jalan Kalrock consortium that won the bid two years ago. In the past week, senior employees such as the company secretary, accountable […]
Lufthansa to expand India operations; plans to start Munich-Bengaluru flights
Lufthansa on Thursday said it plans to expand operations in India by starting Munich-Bengaluru and Frankfurt-Hyderabad flights. The new flights on the Munich-Bengaluru route will be operational three times a week, with the first flight scheduled on November 3. The flights from Frankfurt-Hyderabad will commence operations in winter. The airline will deploy the A350-900 aircraft […]
Power plants use rail-sea-rail route to source coal
Power producers in western and northern states are using rail-sea-rail (RSR) route to get their coal supplies from eastern India to avoid rail congestion and also to reduce coal imports, an official in the coal ministry said.
Deal struck between India, Germany to set up quality infrastructure
In an effort to boost quality infrastructure, India’s consumer department has inked a deal with the German Federal Ministry for Economic Affairs and Climate Action. Aiming at reducing technical barriers to trade and promoting innovation and consumer protection, the work plan was signed during the 9th Annual Meeting of the Indo-German Working Group on Quality […]
Coal stock at power plants 64% higher
The coal stock at the thermal power stations stood at about 35 million tonne (MT) on Sunday, 64% higher than previous year, coal secretary Amrit Lal Meena said on Tuesday.
Reliance investors unconvinced about Mukesh Ambani’s hydrogen foray
What Asia’s richest man considers his life’s “most challenging” mission has left the stock market unconvinced, nervous — or both. In June 2021, Mukesh Ambani committed $10 billion to clean power and fuel. After India made a surprisingly bold pledge in December that year to switch to non-fossil-fuel sources for half of its energy needs […]
India gets first Water Metro in Kochi! PM Modi dedicates this project to the nation
Prime Minister Narendra Modi on Tuesday dedicated Kochi Water Metro to the nation. The project will connect 10 islands through battery-operated electric hybrid boats for seamless connectivity with Kochi city. The project will boost the economic growth as well as the tourism in the region. Addressing the gathering Central Stadium in Thiruvananthapuram, the Prime Minister […]
Gas-based power plants ready to meet peak demand
Gas-based power plants are ready to meet any power deficit during the peak demand period this summer, and availability of natural gas is being ensured by state-owned GAIL India and country’s top gas importer Petronet LNG Ltd.