The National Company Law Tribunal (NCLT) on Thursday allowed an appeal to extend the resolution timeline for Go First by 90 days. This extension, which will be effective from November 6, will last till February 4, 2024. According to the current insolvency rules, a resolution process must be completed within 180 days. However, this period […]
Category: The Telegraph
Telegraph
India plans to ask ONGC to consider rights issue to fund HPCL
India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India’s finance minister announced a plan this year to provide equity of Rs […]
Jeddah-Hyderabad flight diverted to Karachi due to medical emergency on Wednesday: IndiGo
IndiGo on Thursday said its flight from Jeddah to Hyderabad was diverted to Karachi on Wednesday due to medical emergency for a passenger who was declared dead on arrival. After completing the formalities, the flight landed in Hyderabad on Thursday morning. In a statement, the airline said there was a medical emergency on board flight […]
US foils plot to assassinate Sikh extremist Gurpatwant Singh Pannun, warns India, says FT report
The US foiled a plot to kill pro-Khalistan American citizen Gurpatwant Singh Pannun, who is wanted in this country and who recently issued a warning to Sikhs not to fly on Air India. The US is also said to have warned the Indian government that it should not have any involvement in such a conspiracy, […]
Govt suspends DGCA official on graft allegations, Scindia says zero tolerance to malpractices
The government on Wednesday suspended DGCA official Captain Anil Gill as the aviation regulator is contemplating initiating disciplinary proceedings against him on alleged corruption charges. Amid the graft allegations, a preliminary enquiry against him was completed and the report was submitted to the civil aviation ministry recently. According to a notification issued by the ministry, […]
NHAI to undertake safety audits of all under-construction tunnels across India
The National Highways Authority of India (NHAI) will undertake a safety audit of all 29 under-construction tunnels across the country to ensure safety and adherence to highest quality standards, an official statement said on Wednesday. The statement by the Ministry of Road Transport and Highways (MoRTH) comes in the backdrop of collapse of under-construction Silkyara […]
Air India Express cabin crew raise concerns about room sharing during layovers; airline says move consistent with market practice
Scores of cabin crew members of Air India Express have expressed concerns about the decision on room sharing during layovers, claiming that such a move poses various difficulties in getting uninterrupted rest before flight duty while the airline has said that room sharing is consistent with the market practice followed by many other carriers. Besides, […]
Directorate General of Civil Aviation slaps Rs 10 lakh penalty on Air India
Aviation watchdog DGCA has imposed a penalty of Rs 10 lakh on Air India for its failure to comply with norms pertaining to facilities that are required to be provided to passengers. After carrying out inspections of airlines at Delhi, Kochi and Bangalore airports, the regulator observed that Air India was not complying with the […]
Jindal Power not to proceed with its plan to bid for Go First
Jindal Power has decided not to go ahead with its plan to bid for Go First, which is undergoing an insolvency resolution process, according to industry sources. Budget carrier Go First stopped flying in early May and filed for voluntary bankruptcy proceedings amid financial woes, mainly triggered by engine issues. Last month, Jindal Power had […]
Power outages expected in Bengaluru city due to maintenance work; Check areas, timings, details
Bengaluru city is likely to witness some more scheduled power outages this week and till the end of the month, as power supply companies including the Bangalore Electricity Supply Company (BESCOM) and the Karnataka Power Transmission Corporation Limited (KPTCL) have undertaken several periodical and impending maintenance and repair projects. These works consist of renovation, modernisation, […]
Indian investigators seek to restart stalled Adani group’s coal imports probe
Indian investigators are seeking to restart a probe into the Adani group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to […]
Israeli fighter jets bombard Hamas leader Ismail Haniyeh’s house in Gaza
Israeli fighter jets have struck the house of Hamas leader Ismail Haniyeh in Gaza, the Israeli military said on Thursday. Haniyeh’s house was “used as terrorist infrastructure and often served as a meeting point for Hamas’ senior leaders to direct terror attacks against Israeli civilians and IDF (Israel Defence Forces) soldiers”, the military said. Southern […]