Fuelled by rising passenger traffic and reviving local economies, the global airline industry is projected to record a net profit of $9.8 billion this year, IATA Director General Willie Walsh said on Monday and also made a strong pitch for having global standards for a Sustainable Aviation Fuel (SAF) book and claim system to help reduce carbon emissions. While addressing the Annual General Meeting of the International Air Transport Association (IATA) here, Walsh also flagged concerns about supply chain issues that are raising costs as well as limiting the ability of airlines to deploy aircraft. He also pointed out that decarbonising aviation is a serious issue and governments must not be allowed to use it to shore up exchequer finances.
Mistry was in the state on his first visit as the head of the conglomerate
ICC Chief Executive Geoff Allardice said he was pleased to confirm two iconic venues for the next two cycles.
Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
The T20 World Cup is slated to be held in India in October-November 2021.
According to a company statement, Ambani said he envisaged a new India in the not too distant future, where almost everything done digitally is transformed to a value-creating and life-enriching new experience cutting across all strata of society.
The IATA suspended Kingfisher from its Geneva-based clearing house because of non-payment of dues to airline members.
Vinod takes centrestage as Pramod stays away from deal; uncertainty over the latter's continuity on Ispat board.
Former India batsman Sandeep Patil was appointed chairman of the national selection committee on Thursday, while Mohinder Amarnath was sacked after serving just a year on the panel.
As India raised its pitch for upgrade of ratings from the current lowest investment grade, Atsi Sheth, vice-president and senior analyst, sovereign risk group, Moody's Investors Service, tells Business Standard that she does not foresee any movement from the current grade in the next 12-18 months.
Reliance Life to tie up with banks to distribute products
Returning to 8 per cent growth needs speedy, decisive government action, the Prime Minister added.
'Regardless of whether you invest Rs 100 or Rs 1 crore per month, risk is inevitable.' 'Positive returns at the end of the year can never be guaranteed.' 'This is a fundamental truth every SIP investor must grasp.'
With the jailed Ajay Singh Chautala on his way out after completing three terms, former Indian Administrative Service officer PC Chaturvedi is tipped to become the new president of the Table Tennis Federation of India when the body holds its Annual General Meeting on March 17.
He had bailed out N Srinivasan at his most critical juncture but former ICC and BCCI president Jagmohan Dalmiya has been left in the lurch if the various sub-committees formed at BCCI's Annual General Meeting on Sunday is any indication.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
Advisory firm Institutional Investors Advisory Services (IIAS) has advised investors to vote against a resolution seeking the reappointment of the statutory auditor of technology major Infosys.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Reliance Infrastructure said it plans to commission the Mumbai Metro rail project this year.
Complying with the directives of the International Olympic Committee, the IOA on Monday constituted the Indian Court of Arbitration for Sports to settle all sports-related disputes in the country.
The home-grown retail player will strengthen its Reliance Market chain to take its turnover to Rs 50,000 crore (Rs 500 billion) in two-three years.
After 2 years of criticism, the brokerage firm approves new direction but says quick turnaround unlikely.
IT services firm Infosys on Thursday reported an 11 per cent rise in consolidated net profit in June quarter at Rs 5,945 crore, but lowered full year growth outlook to 1-3.5 per cent amid macro uncertainties. The net profit (before minority interest) during the same period previous year stood at Rs 5,362 crore.
Reliance Industry plans to make an all-out bid for securing the contract for a 3,00,000 barrels per day refinery project in Iraq, sources said.
The home minister also reviewed the preparations for the annual Amarnath pilgrimage scheduled to begin on June 29.
Following the government move to allow FDI policy in the civil aviation sector, Chairman of debt-ridden Kingfisher Airlines Vijay Mallya on Wednesday said the carrier was in talks with foreign airlines.
Must satisfy shareholders on game plan to steer UB Group over next 12 months.
Expressing commitment to push forward economic reforms, Finance Minister Pranab Mukherjee today said the government is making efforts to build a consensus on important economic legislations, including PFRDA and foreign investment in multi-brand retail.
Standing ovations, flowers, gifts and rosy farewell speeches -- Keshub Mahindra's last annual general meeting (AGM) as chairman of Mahindra & Mahindra (M&M) had all this, and more.
Farm workers and drivers will figure among the fastest growing jobs over the next five years, while roles of cashiers and ticket clerks will see the largest decline, a new study showed on Wednesday. In its Future of Jobs Report 2025, the World Economic Forum (WEF) also said that 170 million new jobs will be created by 2030, while 92 million are projected to be displaced, resulting in 78 million net new jobs.
A familiar face in the glamour circles, Sidhartha Mallya is being groomed to eventually step into his father's shoes.
The German auto major is also set to double its current production capacity in Chennai to meet the growing demand.
The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal. The Reserve Bank had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues. The central bank had also appointed Nageswar Rao Y (former executive director, Bank of Maharashtra) as the administrator of the company.
The all powerful working committee of the Board of Control for Cricket in India will meet in Chennai on Tuesday to discuss the Mudgal Committe report and decide on a new date for its upcoming Annual General Meeting.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Secretary XI beats President XI in friendly on eve of AGM meeting.
Faced with steep fall in sales of Nano, Tata Motors said it will reposition the budget car as `a smart city car' with added features such as power steering, apart from introducing a CNG version.
At the social level, why can't someone come up with an innovation to resolve the potable water or power crisis in the country?
Hockey India President Dilip Tirkey on Thursday confirmed the appointment of Indian former field hockey player Sardar Singh and Rani Rampal as the chief coach
