Sources said the company had already applied for a licence to produce defence products.
For the first time in its history, state-run carrier Air-India will sell its six Airbus A310-300 aircraft to a European bank and lease them back to its fleet for operations, in a sale-and-lease back deal.
Thanks to the entry of global giants into the retail space and a resurgence in manufacturing, the international logistics majors are now busy in acquiring middle level Indian logistics companies to have their presence in the country.
The University of Adelaide, Australia, will soon set up India's first wine institute at Narayangaon, 80 km from Pune, Maharashtra, in association with India's largest wine making company, Champagne Indage.
Bartending is an art that also pays very well. A bar tender on an average earns anywhere between Rs 500,000 to Rs 900,000 in India.
To date, when an Indian engineer wants to practice abroad, he needs to fulfill certain requirements.
French aerospace and defence major Safran may team up with the state-run Defence Research and Development Organisation for indigenously developing an unmanned aerial vehicle project at a cost of over $1 billion.
While the premier IIMs Ahmedabad, Bangalore and Calcutta have yet to conclude the final placements, last year's (2006) figures reveal that the average salaries hovered below Rs 10 lakh.
For harried passengers flying peak hours from metros, no respite from delayed flights and landings is in sight.
The Indian Institute of Management, Ahmedabad (IIM-A) is toying with the idea of having international faculty on its rolls. The institute is in talks with a French professor to join it full time and conduct classes.
The multimedia-cum-film city project, first of its kind, is estimated to cost around Rs 800 crore and will spread over 30 acres.
Air-India, which had placed a $7.2 billion order for 68 Boeing planes, has set up an internal committee to consider new aircraft acquisitions.
Even as the government is aiming at creating an airline behemoth to take on Asian tigers such as Singapore Airlines and Thai Airways, the merged Air-India and Indian Airlines entity will not dominate even the Indian skies.
Compared with the standard package of Rs 3.5 lakh per person, a tailor-made package for a family of four would cost around Rs 22 lakh for a minimum of eight nights.
The US-based home delivery and logistics company Specialised Transportation Inc is entering into Indian market by entering into a strategic alliance with Patel Retail, a subsidiary of Patel Integrated Logistics.
Domestic airlines may soon be able to hedge their risk of jet fuel prices. The government is considering a proposal to allow Indian carriers to hedge the price risk of aviation turbine fuel purchased from oil marketing companies in the country.
Rising costs, service tax and recognition of their own increased brand value has prompted most Indian Institutes of Management to raise placement fees this season -- in some cases like IIM Kozhikode's -- even up to 25 per cent.
The congestion at Australia's Newcastle Port is bringing cheers to Indian shipping companies.
Air India CMD Vasudevan Thulasidas said the combined entity will have a change management consultant which will enable employees to be IT-savvy.
Lockheed Martin is in talks with Infosys Technologies, Wipro, Reliance Industries, the Tata group, Larsen & Toubro and Hindustan Aeronautics to source software services, components and systems.
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