BUSINESS
Budget 2023: Centre proposes to raise allocation for regional air connectivity
In the budget for the next financial year, Finance Minister Nirmala Sitharaman earmarked Rs. 1,244.07 crore for the scheme, up from Rs 600.71 crore (BE FY23) and a revised estimate of Rs 1,078.81 crore.
BUSINESS
Budget 2023: Centre to revive 50 airports to improve regional air connectivity
The Central government proposes to enhance regional air connectivity by reviving 50 infrastructure facilities, Union Finance Minister Nirmala Sitharaman said in her budget speech on Wednesday.
AUTOMOBILE
Auto Expo 2023: The year ahead will see EVs in India running on aluminium-based batteries: IndianOil JV chief
IOC Phinergy, a joint venture between IndianOil and Israeli start-up Phinergy, has produced a working prototype of an ‘Aluminium-Air’ battery system. IOC Phinergy Chairman Sanjeev Gupta said the system is currently being tested by various automobile OEMs, including Tata Motors.
BUSINESS
Auto Expo 2023 | Ethanol value chain, aluminium-based EV battery to make debut today
Union Petroleum and Natural Gas Minister Hardeep Singh Puri will be inaugurating the Ethanol Pavilion, featuring oil marketing companies such as IndianOil, BPCL and others. The pavilion will showcase developments on ethanol-blended fuel.
TECHNOLOGY
Auto Expo 2023: Over 20 startups prepare to showcase greentech
Apart from electric mobility solutions, the show will feature a new range of ‘Flex’ (flexible fuel) vehicles.
TECHNOLOGY
Auto Expo 2023 to feature working prototypes of flex fuel vehicles, showcasing mobility trend
Flex fuel vehicles are modified versions of current vehicles that can run both on pure gasoline and ethanol blended petrol. The sugar industry, which produces ethanol, will be participating in the show
INDIA
Non-compliance with rules to deal with ‘unruly’ passengers will be strictly dealt with: DGCA to airlines
Air India’s CEO & MD Campbell Wilson said the airline staff must be clear on the standard of behaviour expected on its aircraft, and take firm and timely action against those who do not comply
TRENDS
Air India CEO to staff after 'peeing' horror: 'Take firm action against unruly passengers'
The Directorate General of Civil Aviation (DGCA) issued a show-cause notice to Air India after it received the initial report from the airline.
TRENDS
What Air India said on inaction after DGCA notice over drunk passenger urinating on woman
Air India said that the aggrieved passenger had initially demanded action against the offender but rescinded her request after a mutual understanding between them, sources said.
INDIA
Air India 'urinating' incident: Multiple teams sent to Mumbai, accused absconding, says Delhi Police
The police said the accused Shankar Mishra is the vice-president of the India Chapter of an American multinational financial services company headquartered in California.
BUSINESS
Air India slaps 30-day ban on man who urinated on co-passenger; Regulator seeks report
An internal committee of the airline is probing lapses on the part of the crew and will address deficiencies that delayed quick redressal of the situation.
BUSINESS
Mars infuses Rs 500 crore, says investments in India businesses to continue
The maker of Snickers and Galaxy chocolates is testing alternatives to its traditional sales networks as it seeks to make its products more widely available.
BUSINESS
MC Exclusive | Steadily growing components’ supply base from India: Boeing
The plan to boost sourcing from India is part of the company’s strategy to de-risk the supply chain
BUSINESS
Auto Expo 2023: 30 pure EV players to showcase product portfolios: Check full list
Last held in 2020 before COVID-19 shuttered such activities that attracted crowds, the show is expected to witness record number of visitors, said a top SIAM official.
BUSINESS
SpiceJet’s safety systems on par with global standards: CMD Ajay Singh
The airline’s audit result played a key role in a leap for India’s global aviation safety ranking.
BUSINESS
Strict enforcement, better compliance behind quantum leap in India’s aviation safety ranking: DGCA chief
From lagging behind Nepal and Bangladesh, India now has a better safety ranking than China and Israel. This should help India-based airlines expand overseas
BUSINESS
Unable to order butter? Here’s why
The availability of butter across the country was impacted by a fall in milk supply, along with exponential demand, starting in the peak July-October season.
BUSINESS
Recovery visible in aviation sector, pushing for greater manufacturing in India: Jyotiraditya Scindia
Jyotiraditya Scindia said the aviation industry has received a boost with added infrastructure, pointing out that more regional and last-mile connecting flights have been started, especially linking the northeast region of the country.
BUSINESS
MC Interview | Inflation has not hurt demand, says Tata Starbucks CEO
Footfalls at the coffeehouse’s stores are above pre-pandemic levels after it opened more than 50 stores in India in FY22
BUSINESS
Aircraft grounding factored-in, won’t impact Q3FY23 capacity addition, says IndiGo CEO
Pieter Elbers told Moneycontrol that the airline’s capacity will increase by around 25 per cent in Q3FY23, and that it would continue to expand its domestic network to catalyse the transition by first-time flyers from rail to air travel.
BUSINESS
MC Exclusive | Alliance Air plans to connect Bharat with neighbouring countries
Currently, state-owned Alliance Air flies to 55 destinations across India, mainly in Tier II and III cities
BUSINESS
Mother Dairy planning Rs 800 crore capex in 3-4 years, foresees positive demand momentum
Managing Director Manish Bandlish says some of the proposed plants will produce processed food items for the Safal brand and others will focus on milk and milk products. Company also looking at strengthening presence in Uttar Pradesh, Bihar and Maharashtra.
BUSINESS
Maaza next in line to become a billion-dollar brand: Coca-Cola India
Expected to touch this milestone in 2024. For the beverages major, Thums Up and Sprite are the latest to have achieved the billion-dollar brand mark.
AUTOMOBILE
Kia expects ‘blockbuster’ festive season as increased supply accelerates sales growth
Kia India has grown at around 25-30% so far in 2022 and expects to maintain this momentum over the remaining months of the year, said Hardeep Singh Brar, Vice President, and Head of Sales & Marketing.
