New Zealand Prime Minister Christopher Luxon on Monday said the negotiations for a free trade agreement with India have been concluded.
The European Union has sanctioned three India-based companies for their alleged links with the Russian military as part of its efforts to put economic pressure on Russia for its invasion of Ukraine.
Where was the Board when a predictable regulatory change brought the country's largest airline to its knees? asks Dr Sudhir Bisht.
'International flights will continue to operate from the old terminal because of customs and other requirements. Eventually, the old terminal will be closed.'
The Lokapriya Gopinath Bardoloi International Airport in Guwahati has inaugurated a new nature-themed terminal building, designed to handle 13.1 million passengers per year and serve as a key aviation hub for the northeast and a gateway to Southeast Asia.
The Indian stock market in the October-November period sees high trading activity due to increased consumer spending, festive demand, upbeat sentiment, renewed investor confidence, and the auspicious Muhurat trading session. This impacts many stocks and sectors in the festive season.
In order to gauge the financial impact of COVID-19 on the aviation industry, comparing it to what happened after the 9/11 terrorist attack is a helpful yardstick.
If you are actively trading, you can't possibly overlook headlines. Early announcements, policy changes, or even a disruption in a certain industry habitually grab your attention. These headlines, when strategically assessed, can generate profitable trading ideas.
"Heartbroken by the loss of Shri @RNTata2000 Ji, whose visionary leadership not only transformed India's industry but also played a pivotal role in shaping our aviation sector," Naidu said in a post on X.
Gujarat Chief Minister Bhupendra Patel allocated portfolios following a major cabinet reshuffle, with Harsh Sanghavi becoming Deputy CM and receiving Home and Industries. New ministers, including Rivaba Jadeja, were also assigned responsibilities.
Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions. Reliance is India's largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining complex at Jamnagar.
A private jet skidded off the runway and crashed into bushes at the Mohammadabad airstrip in Farrukhabad, Uttar Pradesh. All passengers and pilots are safe.
'Where rostering systems are automated and duty time software interfaces directly with DGCA, the assertion that they suddenly discovered crew shortages is simply implausible.' 'If adequate crew planning hasn't materialised within 12 to 24 months from inception, how will 45 days -- from December 5 to February 12 -- suddenly resolve matters?'
The US federal agency, National Transportation Safety Board (NTSB), responsible for the investigation of aviation accidents and significant transportation events in the country, on Friday (local time) issued a strong rebuke of recent media coverage made over the preliminary investigative report on the aftermath of the ill-fated Air India 171 crash that claimed 260 lives in Gujarat's Ahmedabad last month.
In a message to flyers, the Air India chief also said the 15 percent reduction in Air India's international wide-body fleet operations for the next few weeks is a temporary move.
The Noida International Airport (NIA), being developed as a greenfield aviation hub in Jewar, Gautam Buddh Nagar, is on track to begin operations by the end of this year.
Their bond, forged in the skies and strengthened by countless shared takeoffs and landings, was characterised by a simple, unwavering ritual: A phone call after every landing or before the takeoff of a flight.
So far this year, the rupee has fallen by 4.2 per cent, the worst among its Asian peers.
Renewables sector stole the show as Andhra Pradesh bagged investments to the tune of around Rs 13.25 trillion during the three-day CII Partnership Summit in Visakhapatnam. The sector accounted for the bulk of Rs 5.33 trillion out of the memorandum of understanding (MoUs) signed during the summit.
Prime Minister Narendra Modi inaugurated the first phase of the Navi Mumbai International Airport and dedicated the Mumbai Metro Line 3 to the nation, marking significant infrastructure developments in the Mumbai Metropolitan Region.
India's market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the regulator was working to strengthen the link between infrastructure building and the markets.
'We're always looking at how we can keep improving, keep getting better, and keep learning.'
Reliance Industries Ltd, India's largest buyer of Russian oil and most impacted by the latest US sanctions, on Friday said it will comply with all applicable restrictions and will adjust its refinery operations to meet compliance requirements.
Colliers reports that GCC leasing has jumped from 4.6 million square feet in 2021 and is expected to hit 10.6 million square feet by 2025 -- a clear sign that multinationals see Bengaluru as a long-term base.
The ultimate irony of today's air travel scene is that most of the firms that are intensively competing with each other to offer easy availability and service that was unimaginable earlier are not making money.
When passengers book a flight, they could receive a secure 'journey pass' on their phone that stores all relevant travel information including passport data, seat assignment.
The enduring relationship between the two countries have survived the disintegration of the erstwhile USSR in 1991, the end of the Cold War and the regime change in both countries, points out Rup Narayan Das.
Russian President Vladimir Putin arrived in New Delhi for a two-day visit focused on strengthening ties with India, including defense cooperation and trade, amidst a changing geopolitical landscape.
The Federation of Indian Pilots on Friday initiated legal action through a formal notice to The Wall Street Journal and Reuters over their recent reports on the AI-171 crash that occurred on June 12.
Additionally, rates in the aviation sector are also expected to increase due to huge claim outgo in the Air India crash.
The country's largest airline IndiGo on Tuesday reported a loss of Rs 2,582.10 crore in the September quarter as higher forex losses and expenses impacted the bottom line, and it expects to induct the first long range Airbus A321 XLR aircraft in December. The airline, which had a loss of Rs 986.7 crore in the year-ago period, said hedging actions and more revenues in foreign currencies from international operations will help cushion the currency movements.
The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of lives where the aircraft crashed; and cargo liability.
Extending its nuclear power plant supply relationship with India to the non-nuclear sector, Russia's integrated atomic power major Rosatom State Corporation is in talks for a 50:50 additive technology joint venture.
The Aircraft Accident Investigation Bureau (AAIB) has urged restraint in speculating about the cause of the Air India plane crash, emphasizing that the investigation is ongoing and premature narratives should be avoided.
'AAIB preliminary report was more detailed than most people were expecting.'
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
Prime Minister Narendra Modi inaugurates the Navi Mumbai International Airport and a portion of the Mumbai Metro Line, marking significant improvements to transportation infrastructure in Mumbai.
Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. Bhatia, the Group Managing Director of IGE, serves as the majority shareholder in India's largest airline, IndiGo. Additionally, IGE operates 21 hotels under the Ibis brand and runs a logistics company called Movin.
India's aviation industry is not moving towards profitability any time soon
The first fuselage sections are expected to roll off the assembly line in financial year 2028, with the facility expected to deliver up to two complete fuselages per month, Tata Advanced Systems Ltd (TASL) said.
