The Jammu & Kashmir Police’s Crime Branch, which has been conducting an investigation into sudden surge in airfares, particularly in the Delhi-J&K sector, has found out a “nexus between airlines and unauthorised ticketing agents”. This, the police claims, creates “an artificial demand by blocking a large chunk of seats in a flight and thus ensuring […]
Category: The Indian Express
Indian Express
Hardeep Singh PuriL ‘Air India is more attractive after Jet shutdown’
Describing Air India as a “first-class asset”, Civil Aviation Minister Hardeep Singh Puri told the Lok Sabha that following the shut-down of Jet Airways, Air India has become “an even more attractive acquisition”. “Air India is a first-class asset. It has 125 planes; it owns half of them. It flies to 40 international destinations and […]
Reliance Infrastructure signs inter-creditor pact
Reliance Infrastructure of the Anil Ambani group, has said 16 lenders have signed the Inter-Creditor Agreement (ICA) for the resolution of debt as per the Reserve Bank’s circular of June 7. RInfra said it has now achieved standstill for 180 days as per the ICA. According to the RBI circular, the resolution plan of Reliance […]
AN-32 fleet of IAF allowed to use bio-jet fuel
New Delhi, May 24 () In a significant move, the fleet of AN-32 transport aircraft of the Indian Air Force was on Friday certified to fly on blended aviation fuel containing up to 10 per cent bio-jet fuel. The approval for use of bio-fuel to fly the Russian made fleet was given by the Centre […]
Pune: MNGL threatens to stop CNG supply over dues, cornered PMPML pays up Rs 27 crore
The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) on Friday paid Rs 27 crore to the Maharashtra Natural Gas Limited (MNGL), after the latter threatened to stop the supply of CNG over unpaid dues. Of the 3,000 buses in the transport body, at least 1,235 run on CNG with a daily requirement of gas worth Rs […]
IndiGo promoters’ rift surfaces during shareholder pact talks
The shareholder agreement between entities controlled by Rahul Bhatia and Rakesh Gangwal — the two promoters of Interglobe Aviation who are currently at loggerheads — is set to expire in October this year, and an ongoing renegotiation of the same is learnt to be at the heart of the rift. The dispute is learnt to […]
InterGlobe Aviation shares tank nearly 8% amid reports of rift between IndiGo promoters
Shares of InterGlobe Aviation Limited dropped nearly 8 per cent Thursday amid reports of an alleged rift between the promoters of IndiGo. The scrip tumbled 7.55 per cent to Rs 1,487.10 on the BSE. On NSE, shares tanked 7.73 per cent to Rs 1,485.75. On the traded volume front, 1.77 lakh shares were traded on […]
‘IndiGo promoters Bhatia, Gangwal differ over airline’s control, performance’
Promoters of India’s largest airline IndiGo — Rahul Bhatia and Rakesh Gangwal — have appointed separate law firms to settle a dispute between the two pertaining to management control and appointment of key executives at the carrier, sources told The Indian Express. Bhatia and Gangwal did not respond to e-mail queries at the time of […]
Bangalore faces power outage as major incoming power lines trip
Bangalore witnessed multiple and lengthy power cuts over the weekend for around 36 hours, but the issue is not resolved yet. Several areas in the city which fall under various power stations faced power cuts for the majority of Monday as well. While The Bangalore Electricity Supply Company (BESCOM)has cited “400KV Hoody Station Line-1 and […]
Bangalore News LIVE updates: Widespread power disruption hits city again ; three-storey building tilts, six families evacuated
Moderate rain hits Bengaluru on Monday evening where several trees were uprooted in Indiranagar, Koramangala and Kengari according to the Bruhat Bengaluru Mahangara Palike (BBMP) control room BTM Layout 2nd stage, Bilekahalli Main Road and most of South Bengaluru’s low lying areas were flooded. According to the BBMP officials, groceries of an Anganwadi centre was […]
India’s rising oil demand to support investments in refineries, upstream production: Moody’s
India’s rising oil consumption will support its investments in refining capacity additions and upstream production, but imports will keep growing amid stagnant production, Moody’s Investors Service said Monday. The country’s dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19 fiscal year from 82.9 per cent in 2017-18. […]
The insider: Former SDO fights against inflated power bills
In Panchkula’s Motor Market, on a small desk outside a tyre shop, sits Narendra Sharma, a retired SDO who worked with the electricity department. Post-retirement, in 2005, Mr Sharma started a consultancy service for people facing electricity-related problems. Since then, he has assisted hundreds of complainants to register their complaints at the electricity department and […]