Delhi International Airport Ltd, the consortium operating Delhi airport, is close to signing a mega deal with Air India, which is making the new terminal its operational hub.
The country's leading low-cost air carriers -- IndiGo, SpiceJet and GoAir -- are set to nearly double their fleet capacity over the next 17 months.
South Korean giant LG Electronics is working on using technology to revamp its product line by next year, based on three key parameters.
The passenger numbers have grown at a little over 20 per cent in the past few months.
Surveillance equipment to be moved from 'open' to restricted list.
The Union finance ministry has endorsed the views of Gajendra Haldea, infrastructure advisor to the deputy chairman of the Planning Commission, who had objected to recent changes in bidding norms by the National Highways Authority of India.
A report by a senior official in the Planning Commission has said the National Highways Authority of India (NHAI) is heading towards bankruptcy, as its debt is set to increase five times in the next three years.
AAI has got approval from Airport Economic Regulatory Authority to charge Rs 755 per departing international passenger for a period of 10 years.
It would also hit the over 20 helipads that were being planned by corporate houses, hotels and individuals.
The attack reflects the open schism in the association, in which TTSL is a new member with other Unified Access Service Licence holders such as Loop Telecom , Etilasat DB, Uninor and STel. The older, established, operators are represented by Bharti, Vodafone Essar and Idea Cellular.
Though the controversy between the Planning Commission and the road transport ministry is old, the trigger for Road Transport and Highways Minister Kamal Nath calling the Commission an 'armchair advisor' seems to be a document of the Planning Commission.
Reliance Power (R-Power), a Reliance-Anil Dhirubhai Ambani Group (ADAG) company, is close to finalising a gas-based power plant in Gujarat with a capacity of 7,000 Mw to 8,000 Mw. This would entail an investment of around Rs 30,000 crore, based on investment levels that are normally required for power projects at present.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
The Centre is mulling over creation of an independent body to regulate the country's vast retail sector. The retail regulatory authority would ensure a level playing field for indigenous retail traders if the government opens the sector to more foreign participation. The Ministry of Consumer Affairs and Food has convened a meeting on July 8 in Delhi to discuss this and other proposals and chart a comprehensive plan for the sector, according to the agenda paper of the meeting.
Loop Telecom has been looking for a strategic investor for some time now and people close to the development said the telecom operator was willing to sell up to 45 per cent stake in the firm.
As per 2009 estimates, two major expenditure verticals were fuel cost, with 34.2 per cent, and staff cost, with 16.2 per cent.
Air India-Singapore Airport Terminal Services, the ground handling arm of the state-owned carrier, will hire 90 per cent of its workforce on contract to start operations at the new terminal of the Delhi airport, according to a senior Air India official. AISATS is a 50:50 profit sharing joint venture between AI and the Singapore-based company. The airline selected SATS as its partner in September 2008.
Leading Indian companies are considering whether to bid for the India cricket team sponsorship for the next three years. The deadline for doing so is Saturday.
Fresh trouble seems to be brewing between the defence ministry and the Department of Telecommunications over spectrum and this could put a question mark on the launch of third generation telephony services in the country by March next year.
Eleven telcos, whose licences will expire between 2014 and 2021, will have to pay this 13-figure sum if the government accepts the telecom regulator's proposal of pricing second generation radio airwaves on the basis of prices determined at the just-concluded auction of third generation spectrum.
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