HYDERABAD: GMR Infrastructure, which has interests ranging from airports and roads to power sector, on Friday said it proposes to hive off its profitable airports division to unlock shareholder value and capitalise on the USD 100 billion Indian airports business opportunity. “With a view to unlock shareholder value, GMR Board has decided to form a […]
Category: The New Indian Express
New Indian Express
CAG has allowed itself to become a joke: Chidambaram on Rafale deal
NEW DELHI: Former finance minister P Chidambaram on Thursday slammed the CAG report on the Rafale deal as “useless”, saying the institution has allowed itself to become a “joke”. The report contains no useful information or conclusion and its motive is to hide the truth, the senior Congress leader told reporters. He reiterated his party’s […]
Rafale deal: France says no pressure put for offset partner
NEW DELHI: Amid a raging political row over the Rafale deal, France on Thursday said there was “absolutely no pressure” on it for selecting an offset partner and asserted that there was “nothing stronger” in its system than an inter-governmental agreement to protect the contract. The French government’s strong assertion comes a day after the […]
AAI asks ATSEP to keep focus on safety
HYDERABAD: Safety was the main topic of discussion during a meeting of the Air Traffic Safety Electronics Personnel (ATSEP) held at the Begumpet Airport here on Thursday. While discussing various methods of enhancing safety, addressing the human factor issues, developing better Integrated Planning Management (IPM) and improving the Safety Capacity Efficiency (SCE), the ATESPA members […]
HC permits HAL to set up hoardings for Aero India
BENGALURU: The Karnataka High Court on Thursday allowed BBMP to accord permission to Hindustan Aeronautics Ltd (HAL) to erect temporary hoardings in prime locations of the city, as a publicity campaign for Aero India 2019, from February 15 to 25, 2019. The division bench of Acting Chief Justice L Narayana Swamy and Justice S Sujatha […]
This Aero Show, HAL to lead the display with its showpieces
BENGALURU: HAL, which has taken the lead role in organising Aero India 2019 at Air Force Station Yelahanka, will be displaying its aircraft on ground and in the air in full strength. Flying display: HAL’s indigenous products Light Combat Aircraft (LCA) Tejas, HTT-40 (Basic Trainer Aircraft), first indigenously upgraded Hawk Mk132, named Hawk-i, Civil Do-228, […]
Fate of Thiruvananthapuram airport to be decided in a day
THIRUVANANTHAPURAM: With hardly a few hours left for sealing the fate of the privatisation of Trivandrum airport, the campaign for privatisation of the airport and against it, has reached a feverish pitch. While a section has been pointing to the drop in the flight services from the airport in the recent times and the relatively […]
Operation King Cobra to stop waste dumping around Trivandrum airport
THIRUVANANTHAPURAM: With growing complaints of bird-hits, the district administration has decided to conduct ‘operation king cobra’ to combat the menace of illegal waste dumping around the airport premises. As part of which the administration will strengthen the night squad operated by the Corporation, revenue and police departments. The decision was taken at a meeting convened […]
Techie questions rationale behind Mindspace Rotary
HYDERABAD: Fed up with regular traffic block at the Mindspace Rotary, to prevent which the government had built a flyover worth Rs 108 crore, a techie has now filed an RTI with the GHMC seeking details of the project. The rotary has been in the ire of controversy every since the flyover was inaugurated in […]
Power cut today due to maintenance works
CHENNAI: For carrying out maintenance work, power supply will be suspended on Friday from 9 am to 5 pm in the following areas: Adyar: 1st avenue, 1st main road and 2nd lane, Sastrinagar, 3rd st,Parameswari nagar, Jeevarathnam nagar, Main road, LB road, Cross st Sastri Nagar. Kottivakkam: KK Road, Bharathi Avenue, Kaveri Nagar, Kuppam Beach […]
Sensex falls over 100 points in early trade; ONGC rallies 6 per cent
MUMBAI: Market benchmark BSE Sensex fell over 100 points in early trade Friday on selling in healthcare, metal, banking and auto stocks amid sustained foreign fund outflow and rising global crude prices. Also, a weak trend in other Asian bourses weighed on domestic investor sentiment. The 30-share Sensex was trading 88.01 points, or 0.25 per […]
ONGC profit jumps 65 per cent in December quarter
NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Thursday reported a nearly 65 per cent jump in net profit for the quarter ended December 31 compared to the same period of the previous year, with higher oil prices offsetting a fall in production. The company recorded a net profit of Rs 8,262.70 crore […]