SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
Kriti makes you smile and cry through her unexpected journey, notes Sukanya Verma.
Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
Adani Ports and Special Economic Zone and Adani Green Energy are the other two Adani Group firms to have crossed the Rs 1-trillion mark in m-cap.
In a series of tweets, Civil Aviation Minister Suresh Prabhu said Friday that all airlines must immediately respond to the concerns of passengers affected by Cyclone Fani.
A Delhi-bound SpiceJet plane hit a stray buffalo on the runway while rolling for take-off from Surat airport late Thursday night, providing anxious moments to the 146 people on board.
Adani Airports is planning to centre its airport business around Mumbai and Ahmedabad by developing them as gateway airports, feeding them with traffic from other airports in the company's portfolio. The Ahmedabad-based conglomerate - with investments in logistics, transportation, utilities and energy - intends to spend Rs 35,000 crore in the airport business in the next five years. This forms the bulk of the conglomerate's total capex of Rs 50,000 crore. According to a presentation given by the company in an investor call with Bank of America, gateway airports of Mumbai and Ahmedabad will be connected with the feeder airports of Lucknow, Guwahati, Trivandrum, Jaipur and Mangalore.
...Set house in order soon or Indian archers will compete under world body flag
While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.
Anil Ambani Group company Reliance Energy, top conglomerate Tatas and engineering giant L&T are among the shorlisted bidders for upgradation of Amritsar and Udaipur airports, financial bids for which will be invited by month-end. Airport Authority of India (AAI) had shortlisted five bidders each for the two airports. AAI will invite the request for proposals by month end and the outcome of this will be known possibly by middle of June. Fraport and Lanco are also shortlisted.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
India's main hubs are bursting at the seams.
The appointment of Agarwal, who would replace Dr K Ramalingam, has been approved by the Appointments Committee of the Union Cabinet, official sources said.Agarwal has been member (Planning) of the state-owned airports body since November 2006 and had served as executive director of the Northern and Northeastern Region earlier.
The Indian contingent, comprising under-20 boys and girls archers, were scheduled to leave for the United States on Friday for the June 8-14 event in Yankton, South Dakota, but the US embassy granted visas to only seven archers, two coaches and a Sports Authority of India official while rejecting 20, thereby putting serious doubts over India's participation in the event.
The Airports Authority of India has plans to give a facelift to the Juhu airstrip (India's first civil aviation airport) within a year. AAI will be investing around Rs 75 crore to Rs 80 crore in this project.
Deepika Kumari and Atanu Das who had been engaged since 2018, zeroed in on June 30, knowing that the situation will be eased by September,
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
The airports run by leading private operators GMR and GVK, especially those in Delhi and Mumbai, are turning out to be cash cows for the government.
Funds are not a problem for the the modernisation of the Kolkata airport by the Airports Authority of India, Civil Aviation Secretary Ajay Prasad said on Tuesday.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
That it has been threatening to review this rule for a while is old hat anyway.
A total 34 aircraft of various airlines were stranded at the airport due to the flooding caused by torrential rains.
The watchdog would also endeavour to do its best to help the company revive its operations within the set regulatory framework.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
Theek nahi lagta, a song written by Lata Mangeshkar's favourite lyricist Gulzar, was believed to have been lost.
The Adanis', which already has won the bids to run six Airport Authority-built non-metro airports in Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangalore, bid to enter the country's second busiest airport by buying out Bid Services Division Mauritius from MIAL was stalled after GVK chose to exercise its first right of refusal, and matched the Rs 1,248-crore offer that the Adanis made to the Bidvest in March.
On Mother's Day, stars post adorable pix with their moms.
CPI-M Politburo member Sitaram Yechury on Tuesday said Airports Authority of India should be the deciding authority on modernisation of airports in the country
The government on Tuesday withdrew the Airports Authority of India (Amendment) Bill, 2000, in the Lok Sabha saying it had decided to introduce a comprehensive legislation on the issue soon, Civil Aviation Minister Shahnawaz Hussain said.\n\n\n\n
Passengers holding confirmed RT tickets on Jet Airways will be allowed to avail special stranded passenger fares from the destinations common with Air India.
The top posts on social media from your favourite Bollywood celebrities.
The charges for security component of passenger service fees will not increase much and a passenger may have to bear an extra of Rs 50
Air India stares at an operational loss of Rs 2,171 crore in 2014-15.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
Masks, sanitisers and strict social distancing measures would be in place when top Indian archers Deepika Kumari and Atanu Das tie the knot at Morabadi in Ranchi on Tuesday. Getting hitched amid the COVID-19 pandemic to make use of the "free time", the duo's invitation cards carry small notes that request the guests to adhere to the government's COVID-19 guidelines.
