BUSINESS
Indian OMCs will run all retail fuel stations on solar power by 2024: Oil and Gas Secretary
So far, the OMCs have deployed solar panels to run 29,266 retail outlets, of which 3,000 outlets were added in FY22.
BUSINESS
Go First to delay IPO plans again till November on weak consumer sentiment
The company says it has been advised to wait for the new ATF pricing mechanism to kick in before firming up IPO plans. The new mechanism is expected to help airlines predict ATF price movements based on international prices and help them be better prepared in case global crude prices rise.
BUSINESS
Mc Explains: How will the government's land leasing policy expedite the divestment of CONCOR?
The railway land lease fee has been cut to 1.5 percent of the market value of land per acre from the existing 6 percent. The lease period has been extended from the present five years to 35 years.
BUSINESS
What is India doing to reduce the worrying rate of road accidents
According to NCRB data, a horrifying 1.55 lakh people were killed in road crashes across India in 2021. Another 3.71 lakh people were injured in 4.03 lakh incidents. India has targeted to reduce road accident deaths by 50 per cent by 2024.
BUSINESS
Price war in the sky: Airfares tumble after government lifts fare caps
Aviation experts said that the new prices reflect the competitive landscape present in India and the fact that all airlines in India have reduced prices is a very positive sign for the industry going forward.
BUSINESS
Benefits of ATF price reduction due to new pricing mechanism will be passed on to customers: Airline officials
Most airlines in India are in talks with oil marketing companies including Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation and will sign supply agreements with OMCs by October.
BUSINESS
SpiceJet flies back into the red with April-June net loss rising to Rs 789 crore
The airline's revenue from operations for April-June came in at Rs 2,457 crore, more than double when compared to Rs 1,090 crore registered in the same period a year ago.
BUSINESS
Shipping industry expects container prices to rise 15-20% ahead of festival period
Container prices in India had fallen around 10 percent in July when compared to June due to a fall in demand but expectations are that with the upcoming festival season, the rates will rise once again
BUSINESS
Noida International Airport will cater to 4 million passengers in its first year of operation: Christoph Schnellmann
Schnellmann said that the airport will be operational by October 2024 and while the majority of the traffic the airport will cater to will be domestic, he was hopeful that airlines will also start operating international short-haul flights from Noida airport soon after its launch.
BUSINESS
New ports law, if enacted, likely to take away powers of states, pressure private operators, shipping industry says
Shipping industry experts and market participants have said that the proposed maritime state development council (MSDC), under the new bill, will concentrate a lot of regulator powers with the central government as the head of the council will be the minister for ports, shipping, and waterways.
BUSINESS
Safety features of data monetisation tender to be key to IRCTC-CRIS merger discussion: Sources
Senior government officials have questioned IRCTC's ability to manage all the information of the Indian Railways.
BUSINESS
Passenger data will be encrypted before being shared with consultant: IRCTC officials
The Indian Railways Catering and Tourism Corporation's plan to monetise its digital data has raised privacy concerns
BUSINESS
Flight cancellations on the rise, bookings fall as foreign embassies urge travellers to not book tickets before getting visas
The call from the diplomatic mission to not book tickets beforehand while applying to a visa has caused a fall in bookings of international flights and a rise in flight cancellations by travelers in the last week.
BUSINESS
Air India plans to increase international flights to Dubai and Qatar as part of winter schedule
Air India is seeking to take advantage of an expected increase in passenger traffic due to the FIFA World Cup tournament that will take place in November-December in Doha.
BUSINESS
Aspiring transgender pilots will not have to undergo what I have faced: Adam Harry
Adam Harry, a transgender person from Kerala, is getting closer to his dream of becoming a pilot, but has a long way to go.
BUSINESS
MC Explains | Are bird hits to planes dangerous and what is DGCA doing about it?
India's aviation regulator DGCA has asked airport operators to implement a habitat management programme to reduce the number of hazardous wildlife, perform risk assessment procedures and record bird activity around airports.
BUSINESS
Rail Board is not keen to fully restore all concession for senior citizens: Sources
The debate on restoring concessions for elderly citizens has been on for nearly a year now, after rail passenger volumes reached pre-COVID levels. Senior citizens across India have also been protesting demanding the restoration of concessions in railway fares.
BUSINESS
MC Explains: How Chinese military drills around Taiwan will disrupt global shipping
International cargo traffic in Taiwan Strait has been hit and ships are looking at alternate routes. Many shipping lines were cutting short scheduled loadings for importers across Asia.
BUSINESS
Air India CEO Campbell Wilson to meet employees to discuss eviction from former staff housing this week
Wilson is expected to meet the representatives of Air India's unions in order to expedite the process of clearing out former colonies of the airline, multiple people aware of the development said.
BUSINESS
Travel sector sees demand surge ahead of extended holidays in August
Hotel rates and airfares are on the rise with a series of public holidays in the middle of this month, especially for last-minute travellers.
BUSINESS
Cheaper jet fuel, offers galore: Is this the start of domestic airfares flying down?
According to market experts and industry participants, ticket prices in India are most likely not going to fall due to high fuel costs, the depreciating rupee, and the struggling balance sheet of airlines.
BUSINESS
Looking for acquisition opportunities in the rail space, says Gateway Distriparks CMD Prem Kishan Gupta
He added that his company will look to spend around Rs 200-250 crore as capital expenditure in the next 12-18 months in its railway operations.
BUSINESS
While competition is increasing, there is no irrational behaviour in the industry: IndiGo CEO Ronojoy Dutta
Dutta added that Air India and Vistara are focused on the international market and he expects any capacity expansion by the Tata Group, which operates these airlines, to be focused on that.
BUSINESS
The Best and Worst Airlines for Flight Cancellations in India
Between January and June, Alliance Air canceled 1.74 percent of its flights every month while SpiceJet scrubbed 0.86 percent of its scheduled flights, data shows.
