The DGCA has formed two specialised teams to internally monitor IndiGo's daily operations.
Competition promotes innovation in the business model, creating sustainable value.
Quarterly earnings, macroeconomic data announcements and global trends will drive the Indian stock markets in a holiday-shortened week, analysts said. Stock markets would remain closed on Wednesday for the Guru Nanak Gurpurab holiday.
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.
The truth about what triggered the fatal crash of the Dreamliner should not only help bring the guilty to book, but also outline the future course of action in aviation safety, notes Nivedita Mookerji.
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.
Domestic passenger traffic soared by almost 40 per cent this year. This prompted nearly all the airlines to place orders for buying new aircraft, undeterred by the fact that they posted combined losses of about Rs 2,000 crore (Rs 20 billion) largely on account of rising fuel costs and payments of aircraft.
Prime Minister Narendra Modi will host Russian President Vladimir Putin for a private dinner and summit, focusing on defence, trade, and geopolitical issues, including the Ukraine conflict and the impact of US sanctions.
The country's largest airline IndiGo on Wednesday reported a 20 per cent decline in profit after tax at Rs 2,176.3 crore for the June quarter as airspace curbs and overall challenging operating environment crimped its bottom line even as the carrier flew 12 per cent more passengers during the period.
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.
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.
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.
'It is an indication that they had forgotten to retract the landing gear. That causes heavy drag, and you cannot accelerate or gain height too fast with a hanging gear.'
India must address issues that are plaguing its aviation sector.
The final decision on the proposal rests with the Union Cabinet, chaired by Prime Minister Manmohan Singh.
The Indian government defended its decision to revoke the security clearance of Turkey-based Celebi without warning, citing an "unprecedented" threat to aviation security. Solicitor General Tushar Mehta argued that giving a hearing or reasons before taking action would "defeat the purpose" in matters of national security. The decision came after Turkey backed Pakistan and condemned India's airstrikes on terror camps in the neighboring country. Celebi, which operates at nine Indian airports, has challenged the government's move in court.
In a filing to Turkiye's stock exchange on Friday, Celebi Hava Servisi AS said four concession and licence agreements executed between its company's subsidiaries and the relevant Indian airport authorities have been unilaterally terminated.
The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.
Six new airlines, three national and three regional, are set to join the market even as the sector remains dogged by massive losses.
Turkish officials on Sunday denied claims that the crashed Air India Boeing 787-8 Dreamliner had undergone maintenance by Turkish Technic, calling such allegations 'false' and 'disinformation'.
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 government on Monday announced the implementation of a 5 per cent uniform IGST rate on all aircraft and aircraft engine parts to boost the industry. The decision, which comes into force with immediate effect, marks a significant milestone for the domestic Maintenance, Repair, and Overhaul (MRO) industry, aimed at making India a global aviation hub, an official release said. Earlier, IGST rates on all aircraft and engine parts were ranging from 5 per cent to 28 per cent.
Civil Aviation Secretary Vumlunmang Vualnam on Thursday said the number of planes with domestic airlines will increase to 1,400 in the next five years as he highlighted the growth potential of the country's aviation space. Currently, the fleet is around 800 aircraft and leading carriers IndiGo and Air India have placed significant plane orders.
Heavy rains in Maharashtra have caused floods, road blockages, and widespread damage, resulting in casualties and displacement. The state government is monitoring the situation and coordinating rescue efforts.
The Russian agencies concerned are carrying out studies to determine the level of investments they will have to make to manufacture the aircraft in India, defence sources said.
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.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Aviation watchdog Directorate General of Civil Aviation (DGCA) on Tuesday said surveillance conducted at major airports revealed several defects in the aviation ecosystem, including multiple cases wherein the defects reappeared on aircraft and centre line marking faded on runway.
Growth in demand for diesel, India's most consumed petroleum product, fell to its lowest since the pandemic in the financial year ended March 31 as the economy expands at a slower pace and consumption shifts to cleaner fuels. Diesel consumption rose 2 per cent to 91.4 million tonnes in 2024-25 (April 2024 to March 2025) fiscal, according to provisional data released by the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry.
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.
'...rectification has to happen then and there, and that takes additional time.'
Union Minister Jyotiraditya Scindia on Tuesday said there needs to be anchor airlines at particular airports, more wide body aircraft as well as synergy between domestic and international departures to have an international aviation hub in India. The country's civil aviation sector is on the recovery path after being hit hard by the coronavirus pandemic and is projected to have 400 million air travellers in the coming years. "We are in the growth phase and there are tremendous opportunities on the airlines and airports side," Scindia said.
The civil aviation ministry plans to put in place strict norms to prevent incidents of hoax bomb threats to airlines, including placing the perpetrators on the no-fly list, a senior official said on Thursday.
Mutual funds (MFs) - flush with cash amid record inflows in July - invested heavily in the Rs 25,000-crore qualified institutional placement (QIP) of India's largest lender State Bank of India (SBI). Fund managers acquired SBI shares worth Rs 10,200 crore last month, making the lender their biggest buy in July.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
'An HAL-private sector tieup is a possibility.'
The recent helicopter crash near Kedarnath, in which seven lives were lost, has proven yet again that aviation regulatory authorities have not learnt lessons from similar air mishaps in the challenging Kedar valley and have done little to improve flying conditions.
"There are approximately 52,042 employees working in the civil aviation sector in the attached/autonomous/public sector organisations under this ministry. There are no such proposals in the above organisations," minister of state (Independent Charge) for civil aviation, Praful Patel informed the Rajya Sabha.
The central government has set itself a tight deadline of July this year for completing a series of reforms in the civil aviation sector.
