The Maharashtra government has formally acquired the iconic Air India building in south Mumbai for Rs 1,601 crore, completing the transfer of agreements from Air India Assets Holding Company to the state Public Works Department.
The Maharashtra government is nearing the acquisition of the Air India building in south Mumbai after the Finance Department transferred Rs 1,600 crore to the Public Works Department. The agreement with Air India Assets Holding Limited is expected to be signed within two weeks, providing much-needed office space for state government departments.
Air India Group has accumulated losses of about Rs 47,821 crore since its takeover, leaving its prolonged transformation among the biggest unfinished projects of N Chandrasekaran's tenure.
Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.
Air India Group anticipates the delivery of 50-60 new aircraft within the next 18 months, with its ambitious transformation programme progressing despite global challenges like supply chain issues and geopolitical tensions, according to Chief Commercial Officer Nipun Aggarwal.
Outgoing Air India CEO Campbell Wilson stated that the airline's foundations have been rebuilt over the last four years, but non-delivery of aircraft on schedule has significantly impacted growth and fleet modernisation. He also revealed he has no plans to take up another full-time executive position after stepping down.
Tata Sons Chairman N Chandrasekaran addressed Air India employees, acknowledging the airline's challenging phase while reaffirming the Tata Group's commitment to its long-term transformation, focusing on service quality, safety, and operational improvements.
India's first escalator, its shortest elevator, a terror attack, a rescue operation -- the building's seen a lot.
The Maharashtra government has become the owner of iconic Air India building with the Union government approving transfer of the asset on Thursday. The Maharashtra government bought the Air India building at Nariman Point in Mumbai for Rs 1,601 crore. "GoI has approved transfer of Air India building, Mumbai of AI Assets Holding Company Ltd (AIAHL) to Government of Maharashtra (GoM) at consideration of Rs.1601 cr. GoM has agreed to waive dues of Rs. 298.42 cr, which would have been otherwise payable by AIAHL to GoM for this transaction," DIPAM secretary Tuhin Kanta Pandey said in a post on X.
SkyHop Aviation has partnered with Norwegian firm NOEMI Aerospace to explore deploying electric seaplanes in India and South Asia, aiming to enhance regional air connectivity. The collaboration includes evaluating NOEMI's aircraft for SkyHop's fleet, with plans to induct up to 10 by FY2030, and exploring manufacturing opportunities in India.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
Maharashtra government on Wednesday decided to acquire the iconic Air India building at Nariman Point in Mumbai for Rs 1,601 crore. The decision was taken at a meeting of the state cabinet in Mumbai. The meeting, chaired by Chief Minister Eknath Shinde, also decided to waive off around Rs 250 crore unrealised income and interest on the property, an official said.
The civil aviation ministry on Monday said all probable causes leading to the Air India plane crash in June last year are being investigated, and all efforts are being made to complete the probe in a time-bound manner.
Bengaluru-based electric air taxi startup Sarla Aviation has received Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA), a crucial step towards commercial production of its indigenous electric vertical take-off and landing (eVTOL) aircraft. The company also inaugurated its new headquarters and announced partnerships, highlighting India's growing capabilities in advanced aerospace technology.
Natarajan Chandrasekaran, credited with stabilising Tata Sons after a boardroom coup and overseeing significant expansion, has announced his resignation as chairman, capping a nearly decade-long tenure marked by both successes and escalating tensions with the group's controlling charitable trusts.
India has strongly condemned Pakistan's recent air strikes on Afghan territory, which resulted in civilian casualties. The Ministry of External Affairs labelled the strikes a "blatant act of aggression" and a "direct threat" to regional peace, reiterating India's support for Afghanistan's sovereignty.
World No. 4 badminton player Anders Antonsen has called for the India Open tournament to be moved from its traditional January-February slot due to severe winter pollution in New Delhi. He described the conditions as "insane" and "not pleasant to play in," causing a burning sensation and poor visibility. Antonsen believes the current time of year is much better for hosting such events.
Pawale faces punishment ranging from five years to a life sentence, or even a death sentence.
BikeWo Green Tech and Kwik Flite Support have signed an initial pact to develop an integrated air cargo, aviation logistics, and multimodal freight platform. This collaboration aims to combine road mobility with aviation capabilities to serve various industries, focusing on high-value and time-sensitive logistics across India, including Tier-II and Tier-III cities.
Built as an expendable, short-duration turbojet engine for single-mission applications, it can power tactical cruise missiles, anti-ship missiles, and long-range loitering munitions.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
'Chandrasekaran wanted a five-year extension, but the Tata Group has a policy of 65 years as the retirement age for its executive chairman.'
'We're always looking at how we can keep improving, keep getting better, and keep learning.'
Mohammed Siraj is poised to lead India's pace attack in the upcoming two-Test series against Sri Lanka, stepping into the crucial role in the absence of Jasprit Bumrah.
Olectra Greentech Ltd has become the first company in India to deploy 4,000 electric buses on Indian roads, marking a significant milestone in the country's transition to sustainable public transport and reinforcing its leadership in electric mobility.
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
More than 200 passengers on a Singapore-bound Air India plane had a harrowing time at the Delhi airport as they were first deboarded from the aircraft due to cabin temperature issue and were later flown to their destination after a delay of nearly six hours.
A year after the Air India Boeing 787-8 Dreamliner crash in Ahmedabad that claimed hundreds of lives families continue to mourn while the crash site stands as a stark reminder of one of India's worst aviation disasters.
'In the inspections, no issues were found with the said locking mechanism.'
Viswashkumar Ramesh, the lone survivor of Flight 171 which crashed a year ago in Ahmedabad, has spoken out about his ongoing struggles with 'sleep, anxiety and difficult memories,' highlighting the profound and lasting impact of the disaster.
A government adviser has called for India to reintroduce a petrol variant with a lower ethanol blend, such as E10, alongside the current E20 fuel. This move aims to protect millions of older vehicles, particularly two-wheelers, which may experience performance issues and damage from the higher 20 per cent ethanol blend.
Providing an update on the flight that crashed carrying 242 people including 12 crew members onboard, the senior Ahmedabad police officer stated that about 70 per cent to 80 per cent of the crash site had been cleared.
Double Olympic-medallist Manu Bhaker expressed mixed feelings about her 25m pistol bronze at the Hangzhou World Cup, acknowledging room for improvement despite the podium finish.
According to a source, the flight was to be operated with a Boeing 787-9 plane.
Rewari's Kamaljeet, a 22-year-old pistol shooter, is set to represent India at the 20th Asian Games in Aichi-Nagoya, Japan, after an injury ended his athletics dream and he transitioned to shooting in 2019, overcoming financial struggles with strong family and institutional support.
Aviation regulator DGCA has issued four show cause notices to Air India for various violations related to cabin crew rest and duty norms, cabin crew training rules and operational procedures, a month after the airline made certain voluntary disclosures to the watchdog.
The administration has been put on high alert following the India meteorological department's (IMD) forecast of extremely heavy rainfall across several districts of Gujarat in the next two days.
China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
