Digital canvassing is expected to benefit from political money looking for alternative blow horns.
Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.
Disability rights came under the spotlight again as the country's largest airline IndiGo refused to let a teenager with special needs board its aircraft. While the twitterati as well as fellow passengers have called for strict action, IndiGo has stood by its action saying the airport manager took the decision to ensure safety of other passengers. "Throughout the check-in and boarding process, our intent of course was to carry the family. "However, at the boarding area, the teenager was visibly in panic.
The selection gives a boost to the US engine firm, which lost out to rival manufacturer CFM International for IndiGo's 280 aircraft engine order in June.
While Swissport, an European infrastructure and service corporation providing value-added airport services at 187 airports across 43 countries, is going with India's Punj Lloyd group, Menzies is partnering Cambata Aviation for the bid. Cambata has been providing airport services at the Mumbai airport since 1967. Turkey's Celebi Ground Handling is reportedly teaming up with Spencer Travels as overseas bidders.
Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
The firm has bought three choppers from Airbus.
The Netherlands has emerged as India's fifth-largest export destination in 2021-22 (FY22), jumping from its 10th position a year ago. Exports to the fifth-largest economy in the European Union (EU) bolted 94 per cent to $12.5 billion in the financial year ended March 31. In FY22, the Netherlands surpassed Hong Kong, Singapore, the UK, Germany, and Nepal to become India's largest export destination in the EU. Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place.
As per earlier plans, Balakot operations in-charge and current Air Force Chief Air Chief Marshal B S Dhanoa was to travel to receive the plane on September 19-20 from France.
American companies have so far not evinced any interest in investing in the huge Indian infrastructure market, which is estimated to be worth over $200 billion, Civil Aviation Minister Praful Patel said on Tuesday.
Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.
CEOs expect to finish the ongoing March quarter with positive growth as the corporates get back to work in full strength.
IndiGo and GoAir, which have Pratt & Whitney-powered Airbus A320 Neo planes, have been facing problems with these engines, manufactured by the US firm, since their induction three years ago.
Cashing in on the closure of Pune Airport for over 16 hours for repairs, several helicopter companies are offering travellers a ride on the Pune-Mumbai route, which is becoming a hot destination for many chopper services.
These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt. Investment in infrastructure projects with high multiplier effect has been the Centre's main plank to revive the economy, create employment and boost consumption.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
The bankruptcy tribunal had on July 5, prevented the Directorate General of Civil Aviation from deregistering the Boeing 777 plane, which has been under the possession of a Dutch cargo provider since April.
The move by four airlines -- IndiGo, Air India, SpiceJet and GoAir -- to suspend the stand-up comedian raises fears that the government can use the no-fly list to settle political scores, undermine the freedom of citizens.
He accused Jaitley of having the ability to spin "two truths or lies" with "fake self-righteousness" and "indignation to defend the indefensible".
According to the annual report, Ronojoy Dutta's remuneration package includes a gross annual salary of $1.27 million, which would be payable in rupees. Also, he is entitled for a commitment bonus payout. In FY20, he received a remuneration of Rs 11.4 crore in his role as CEO and whole-time director.
Petroleum Minister Murli Deora will meet Civil Aviation Minister Praful Patel and chiefs of airlines and oil companies to discuss a solution for dues of over Rs 2,000 crore that the domestic carriers owe the state-owned oil marketers on fuel sales.
Mukesh Ambani is stringing in new partnerships within the Reliance ecosystem with the best in global business -- from Facebook, Google and Microsoft to umpteen sovereign wealth funds and a soon-to-be-declared strategic partner in a big global retailer, notes Shailesh Dobhal.
Prime Minister Narendra Modi on Tuesday invited investors here to participate in the proposed divestment of Navratna PSUs
The Irish firms had sought to deregister SpiceJet.
'It is very disturbing to know that even in today's world women are treated differently.'
ED has submitted a chart of total $60.54 million received by the firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.
IOC, BPCL and HPCL on Thursday afternoon stopped ATF supplies to Air India at six airports - Kochi, Pune, Patna, Ranchi, Vizag and Mohali - over payment defaults. AI flights from these places were tanking up from other airports.
Airfares in Indian market are unsustainable, says a senior Boeing official.
India will get its first upgraded Mirage 2000 later this month from France under a Rs 10,000 crore deal.
The government expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore, according to the National Monetisation Pipeline (NMP) document. According to the document, BSNL's 13,567 mobile tower assets and MTNL's 1,350 towers have been valued at Rs 8,800 crore.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
A business in India wanting access to maps and geospatial data would typically have to wait months before it got what it wanted. All this is set to change with the new guidelines on geospatial data, report Neha Alawadhi and Peerzada Abrar.
Jet Airways, Kingfisher Airlines and state-owned NACIL owe public sector oil companies over Rs 2,241 crore (Rs 22.41 billion) as payment for jet fuel, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Tuesday.
Stating that open markets mean more opportunities, Modi said during the last six years the government has made many efforts to make the Indian economy more open and reform oriented.
The sector will see a minimum of 3-5 per cent of the weight being shed in almost every IT company - particularly the big 20 - because of Covid and not performance-related issues.
"There is no doubt any longer that Rafale aircraft deal deserves to be examined thoroughly by a joint parliamentary committee. Congress reiterates its demand for constitution of a Joint Parliamentary Committee," he said, citing a newspaper report that claimed the Modi government's decision to buy 36 jets, instead of 126 planned earlier, jack up the price of each aircraft.
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