National flag carrier Air India has raised $500 million (nearly Rs 2,250 crore) from ABN AMRO-led banking consortium to make pre-delivery payment to US-based aircraft manufacturer Boeing Company.
National highways in remote areas, intermediate and single roads are all set to be two laned, with the government having identified 5,000-km of such roads for upgradation.
A railway ministry official told Business Standard that the major part of this would go into expanding ticketing facilities, with the aim of taking it to the passenger's doorstep.
Jet Airways is talking to several leading private equity firms to raise $400 million through qualified institutional placements for its aircraft acquisition plan.
Poaching engineers in the domestic airline industry will no more be easy.
For the second time in a year, Air Deccan overtook state-owned Indian (formerly Indian Airlines) in 2006, making it country's second-largest domestic carrier.
The move is line with the railway ministry's efforts to compete with low-cost airlines.
According to highly placed sources, the anomalies in taxes on the cruise operator, coupled with a 50 per cent load factor, have led to a loss of over Rs 75 crore.
The Indian express industry is set for sizzling growth, despite rising usage of facilities like short messaging services or multimedia message services.
Mumbai-based Leela Palace has joined the largest hotel alliance of the world, the Global Hotel Alliance
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
In what could be a shot in the arm for the National Highway Development Programme, the National Highway Authority of India is all set to receive a windfall of Rs 471 crore
Oriental Insurance Company has bagged the domestic aviation industry's first-ever contract to cover losses owing to fog for national flag carrier Air-India.
The next fiscal may see ticket checkers in trains armed with a hand-held device, which would provide information about the exact occupancy status of a particular train in advance to all forthcoming stations on its route.
Gammon India and L&T were the only bidders left in the fray for the project
Indian is planning to start hedging its international fuel purchase in the wake of spiralling aviation turbine fuel cost that is eating into its profits
The government is taking the first steps towards opening of the Gulf region to private airlines -- by setting a high-level committee under the aegis of the aviation ministry -- to examine the contentious issue.
India will soon have a dedicated global facility to convert passenger airplanes to cargo planes, with state-run aerospace major Hindustan Aeronautics Limited planning a full fledged conversion centre for Boeing aircraft
After its forays into e-ticketing and hospitality, the Indian Railway Catering and Tourism Corporation has tied up with travel major Cox & Kings for offering tour packages
For the first time in the Indian aviation history, an airline company is going to cover its losses occurred due to foggy conditions during the upcoming winter season.
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