India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
Chandrasekaran also said that "We fell short of addressing this situation the way we should have."
It seems that the West is sending a signal to India that it can return to old hostilities unless India toes their line on Russia. It is no surprise that India is being compared with Putin's Russia in terms of targeting 'dissidents' as the West calls these Khalistani terrorists, asserts Colonel Anil A Athale (retd).
Dr Singh's eldest daughter Professor Upinder Singh gently reminded the gathering that this was a moment for prayer, not accolades.
Everybody talks of China as the real threat, but we aren't even building a decisive capability against Pakistan, asserts Shekhar Gupta.
The airport, being developed by the Adani Group, is expected to start commercial operations early next year.
'Our politicians solely depend on bureaucrats who are unaccountable and follow their own agenda.' 'Our politicians would dare not dream of establishing a DOGE,' argues Lieutenant General Prakash Katoch (retd).
The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.
The Bharatiya Janata Party on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign and Prime Minister Narendra Modi's 'AAP-da'(disaster) blitzkrieg.
I learnt that Yogi was deeply unhappy with the BJP's choice of Lok Sabha candidates. He had proposed a list of names, but hardly any of his suggestions were accepted.
Manu Bhaker narrowly missed out on the bronze medal as she finished fourth in the women's 25m pistol event, at the Paris Olympics on Saturday.
Defence Minister Rajnath Singh on Thursday called upon the top military brass to analyse the conflicts in Ukraine and Gaza as well as the current situation in Bangladesh to "predict" any future problems and stay prepared to deal with the "unexpected".
It was a proper Test innings, it was of the highest class, and given the circumstances it came in, it was one of the best innings by an Indian batsman in recent memory, applauds Prem Panicker.
Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
The presence of an engine maintenance, repair, and overhaul (MRO) facility in India could have prevented Go First airline from going "belly up", as sending engines abroad for servicing is not an efficient way to operate a carrier, Piyush Srivastava, senior economic advisor, Ministry of Civil Aviation, said in a statement on Tuesday. On May 3, Go First suspended its flights and filed for insolvency, squarely blaming engine manufacturer Pratt & Whitney (PW) for its cash crunch. The airline claimed that about half of its 54 aircraft were grounded on May 3 due to a delay in the supply of engines by the US-based company. PW has denied the charges.
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
'...to think apna time aa gaya after the 2024 election.'
On the night of July 5, the Tigers launched their first kamikaze operation. Miller took the wheels of the explosive-packed truck, smiled at everyone as he turned the ignition key and drove it slowly towards the Sri Lankan military camp. A few moments later all of Jaffna heard a thunderous explosion that brought the complex crashing down in clouds of dust. Miller had given birth to a deadly tactic that Prabhakaran would employ time and again with devastating consequences to Sri Lanka -- and India. A fascinating excerpt from M R Narayan Swamy's must read new book, The Rout Of Prabhakaran.
IAF's four fighter pilots undergoing rigorous training for the landmark Gaganyaan mission, and who earned the 'astronaut wings' on Tuesday, have a stellar resume. They have a flying experience in the range of nearly 2,000-3,000 hours and two of them are recipients of the prestigious 'Sword of Honour'.
French aerospace major Thales Group is eyeing major expansion in India. The group has started planning to set up a maintenance, repair, and overhaul (MRO) organisation in India to support Indian airlines - many of which are its customers for avionics support. "We are looking to set up an MRO, so that they don't have to travel to West Asia or Singapore. "Final decision is yet to be taken, but this is a clear intent showing the growth potential in India that we are looking to set up a sub-centre here," said Yannick Assouad, executive vice-president, avionics at Thales, who was on her maiden visit to the group's India office at Bengaluru since taking charge.
Paris Olympics double medallist pistol shooter Manu Bhaker on Wednesday said that she has already set her sights on the 2028 Los Angeles Games
'I have no idea why I was so many film-makers' choice for Jinnah. I assume it is because I was born and bred in Mumbai and speak English.' 'There's also my name, people tend to believe that a Muslim character can best be played by a Muslim actor.'
'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'
Rohit & Co. eye better batting show against USA
The aircraft deal worth around Euro 5.5 billion was cleared by the defence acquisition council just before the visit of the Indian Prime Minister to France as the state guest for their Bastille Day parade this year in July.
Ranneeti: Balakot And Beyond veers between intriguing and boring, observes Deepa Gahlot.
Airlines flew 2.1 mn passengers in July, against 1.9 mn in June.
'It's almost like the tissue of the lung has a cancer spreading to it, which is causing scarring and rapidly progresses.'
Citing various aspects, the forum has appealed to the DGCA to "withdraw the harsh punishment and suspension of the PIC". it said.
The national selectors want all the players to be available for the Duleep Trophy ahead of the two Test series against Bangladesh next month.
Ace stock market investor Rakesh Jhunjhunwala-promoted starup carrier Akasa Air on Monday unveiled the first look of its crew uniform as it gets ready for take-off likely by this month-end. Akasa Air, which received the delivery of its first Boeing 737 max aircraft in India on June 21, also plans to conduct proving flights this week, following which it will get the Air Operator Permit for launching commercial operations. The uniform fit focuses on providing the best possible stretch to ensure their comfort over their busy flight schedules, the company said in a statement.
The statements the separatists make, the abominable tableaux at their parades, the slogans, posters, and selfies with assault rifles are not India's problem. If they are a nuisance, it should bother their host countries, because they are armed and have their own underworld with deadly gang rivalries. Significantly, none of this happens in the US -- only in snowflaky Canada, points out Shekhar Gupta.
After hectic diplomatic efforts, India finally got permission to land in Sanaa and the first flight with a passenger capacity of 120 has landed, the spokesperson in the external affairs ministry said.
In 2017 only the Jeju-Seoul Gimpo route (with over 64,991 flights) and Melbourne-Sydney (54,519 departures and arrivals) were busier than Mumbai-Delhi.
'Devas will continue to pursue its rights and enforcement actions against India in courts around the world.'
Long-term exposure to chronically high PM2.5 levels weakens the ability of the lungs to fend off infections, therefore making people more susceptible to COVID-19, the scientists said.
Babuta zeroed in on the reason which led to him finishing fourth and says he will be more careful in upcoming competitions.
Indian shooting legend Abhinav Bindra has been awarded with Olympic Order by the International Olympic Committee (IOC) for his outstanding services to the Olympic movement
