State-owned National Aviation Company of India Ltd (Nacil), which runs Air India, has approached the government to raise $2.3 billion through external commercial borrowings (ECBs) as part of a plan to restructure its high-cost working capital debt.
Areva has 60-Mw of biomass-based power capacity in India. It is looking to also tap the market for nuclear power in a big way.
Delhi-based Vayudoot was launched as a subsidiary of erstwhile Indian Airlines in January 1981 to serve the northeast region.
Air India Express, the international low-cost arm of National Aviation Company of India Ltd, has finalised a blueprint for the launch of cheap-fare domestic routes. The plan includes shifting base from Mumbai to Kochi, rebranding to Express India and improving the utilisation of its 21-strong fleet from 9 hours to 12.5 hours daily.
If the Ministry of Civil Aviation has its way, the proposed regulatory authority for the sector will act as an arbitrator in case of disputes over airfare. The airlines, however, will be free to decide on ticket pricing.
National Aviation Company India Ltd, which runs Air India, is likely to receive government approval for its second equity infusion of Rs 1,200 crore (Rs 12 billion) by next week.
The National Aviation Company of India Ltd (Nacil) will be able to save more than 30 per cent on its interest payment per year, as the finance ministry recently agreed to furnish sovereign guarantees on loans raised by the company which runs Air India.
Brazilian aircraft maker Embraer is betting big on the growing aviation markets in the smaller cities of India.
Reliance Industries Ltd's legal battle over the Uttar Pradesh government's decision to impose 21 per cent value-added tax on gas is holding up supply to NTPC's two power plants and Indian Oil Corporation's Mathura refinery, despite a group of ministers making allocation to them.
DDFS is a joint venture among Delhi International Airport Ltd, Indian Duty Free Services and Dublin-based Aer Rianta International.
It may hit Kingfisher, Paramount restructuring.
Last week, Chandra Shekhar Verma did something rather uncharacteristic for a state-owned company chieftain, especially one reputed to be a stickler for rules. The Steel Authority of India (SAIL) chairman - its youngest ever - openly criticised the government.
If the waxy crude oil from Cairn's Mangala field in Rajasthan's Barmer area could get the company such high valuations, the prospects of other companies producing higher-grade crude oil or natural gas certainly brighten.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore (Rs 190 billion) by three low-cost carriers: SpiceJet, IndiGo and Jet Lite.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
Domestic passengers using the Indira Gandhi International Airport in Delhi will be able to use the new Terminal-3 only from October 28, a few weeks after the Commonwealth Games are over. The Games will conclude on October 14.
The government began the selection process a year earlier and has twice gone through the process of short-listing candidates.
The prevalent practice is that airlines have to pay between Rs 4,000 and Rs 4,500 per filled seat as departure tax.
HCC Infra is engaged in the creation and management of assets in the areas of roads and power. The company also built the landmark Bandra-Worli Sealink in Mumbai.
GAIL India chairman and managing director B C Tripathi said the availability and possibility of gas has changed with the change in government policy.
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