At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
We knew from the moment the pandemic took hold that this would be a long haul -- at least 12 to 18 months. Nothing should have changed that assessment, says Mihir S Sharma.
'The prioritisation of groups for COVID-19 vaccine shall be based on two key considerations -- occupational hazard and risk of exposure to infection, and the risk of developing severe disease and increased mortality'
Further relaxation in aircraft capacity deployment coupled with festive season air travel demand helped recovery in the domestic traffic with passenger volume seeing 22 per cent sequential growth in the previous month, ratings agency ICRA said on Wednesday. ICRA also said that the November domestic passenger traffic was close to 50 per cent of the domestic air travel demand in November 2019. The recovery in international passenger traffic, however, is likely to further get delayed in the wake of fresh travel curbs by select countries following the detection of a new virus strain in the UK, it said.
Cabinet Secretary Rajiv Gauba chaired a high-level review meeting with chief secretaries of states and UTs of Maharashtra, Punjab, Gujarat, Madhya Pradesh, Chhattisgarh, West Bengal, Telangana and Jammu and Kashmir.
The Board of Control for Cricket in India has received the central government's formal approval to conduct this year's Indian Premier League in the UAE, IPL chairman Brijesh Patel said on Monday. The IPL will be held in the UAE from September 19 to November 10 in three cities -- Sharjah, Abu Dhabi and Dubai.
For the first time in Tamil Nadu, a lion has died of coronavirus while nine others in the pride have tested positive for the infection at a zoo near Chennai, an official said.
The rapid surge in cases during Delhi's fourth COVID-19 wave was mainly driven by the Delta variant, which likely has immune-evasion properties and counted for 60 per cent of the cases in April, according to a new study.
According to SOP, those testing positive will be isolated in a separate unit of an institutional facility.
The amount of financial assistance to each state and Union Territories is based on their COVID-19 caseload.
States should ensure a weekly positivity rate of less than 5 per cent, vaccination coverage of at least 70 per cent among the vulnerable section, and community ownership of Covid-appropriate behaviour, reports Ruchika Chitravanshi.
While Birla did not specify the financial implications of the move, sources said the Lok Sabha Secretariat can annually save more than Rs 8 crore with the subsidy coming to an end.
While Delhi reported 19,486 Covid cases in the last 24 hours, Maharashtra logged 63,729 infections.
In a circular issued on Tuesday, Saudi Arabia's General Authority of Civil Aviation said it was "suspending travel to and from the following countries: (India, Brazil and Argentina) including any person who has been in any of the mentioned countries above in the last 14 days prior to their arrival to the Kingdom".
The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries.
This test uses an indigenously developed, cutting-edge CRISPR technology for detection of the genomic sequence of SARS-CoV-2 virus, CSIR said in a statement.
'Unless we make our own testing kits, we will not get out of this disease faster.'
Prohibition of all types of gatherings, reduced size of weddings and funerals, running of public transport at half seating capacity and scaled down presence in government offices were some of the restrictions imposed by the Delhi government on Saturday amid a surge in COVID-19 cases.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The lack of competitions before the Olympics is a major concern for Indian shuttlers but not so much for PV Sindhu, who trusts her Korean coach Park Tae Sang to create match situations for her in training itself.
The Supreme Court Thursday appreciated the Centre's step to grant ex gratia assistance to the kin of those who died due to COVID-19 saying it has to take judicial notice of the fact that what India has done, no other country has been able to do.
Laxmi Sorte and Kaustav Ghosh are on a 101-day road trip across India to support and encourage local businesses affected by the pandemic.
In view of a persistent rise in COVID-19 cases, the Delhi Disaster Management Authority (DDMA) on Tuesday ordered that there will be no public celebrations in the national capital for upcoming festivals such Holi and Navaratri. Considering the rise in COVID-19 cases, the Brihanmumbai Municipal Corporation (BMC) also announced that Holi celebrations, on March 28 and 29, will not be permitted in both private or public places.
Given the robust and statute-based death registration system in India, while some cases could go undetected as per the principles of infectious disease and its management, missing out on the deaths is unlikely, the Union health ministry said.
Shiromani Akali Dal lawmaker Manjinder Singh Sirsa reacting to Karan Johar's post on the celebrities at his party, said they were "flaunting their drugged state".
In a letter to all states and Union territories, the ministry highlighted that under the emergency use authorisation, coronavirus vaccination is indicated only for 18 years and above. If required, COVID-19 vaccine and other vaccines should be separated by an interval of at least 14 days.
The Omicron variant carries 'concerning' mutations that may make it more transmissible and allow it to evade immunity, scientists said on Monday, stressing that the one certainty in the uncertainty of the many things unknown is this -- COVID is not a short-term crisis and vaccines are still a critical tool.
Ace Jamaican sprinter Yohan Blake met legendary batsman Sachin Tendulkar at his residence in Mumbai on Wednesday.
Here we bring you all the sporting action from last week in this stunning photo feature.
'Unlike before, the players cannot just go out in the evenings after a long day in the field. This is where it is very important that the families are there to help the players switch off after play and not feel the heat. The BCCI has always had the interest of the players in mind and this time too the board stood like a rock to help get the necessary clearance from the UK government with assistance from the ECB.'
With the Omicron variant of coronavirus slowly spreading its tentacles in the country, a number of states enhanced surveillance to trace, track and quarantine contacts of COVID-19 positive persons while Delhi began genome sequencing of samples of all infected people and has prohibited Christmas and New Year gatherings.
The phase 3 clinical trial will cover around 28,500 subjects, aged 18 years and above, and it will be conducted in 21 sites across ten states, including Delhi, Mumbai, Patna and Lucknow.
In order to bring uniformity, the need for following the existing framework for either imposition of restrictions or allowing relaxations based on the burden of disease and strain on healthcare infrastructure still remain important.
The duo, along with a few volunteers, and sweepers of the Brihanmumbai Municipal Corporation, joined forces to clean up parts of Bandra Fort in Western Mumbai.
Tendulkar and Courtney Walsh are set to coach the star-studded Ricky Ponting XI and Shane Warne XI, respectively, in the match organised to raise funds for victims.
Sunil Chhetri likened the national team setup with his home and expressed his relief at returning to where he belongs
Tendulkar scored 119 runs against England in 1990, helping India save the match at Old Trafford.
A total of 5,15,385 COVID-19 patients have recovered so far with 19,870 patients having been cured and discharged in the last 24 hours till 8 am.
Delhi Capitals chief executive officer Dhiraj Malhotra and assistant coach Mohammad Kaif shared their thoughts, having met their players after a long time.
The "intentions and motive" behind filing of the plea are evident from the fact that the instant project has been singled out by the petitioners despite several other agencies, including Delhi Metro, carrying out construction activities across the national capital, the Centre has alleged.
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