BUSINESS
Govt may opt for 5-7% stake sale in CONCOR after tepid response to strategic sale plan
The government is understood to be considering options like offer for sale or qualified institutional placement (QIP) for the stake sale.
BUSINESS
Are canopies outside Indian airports a safety hazard? MC Explains
The use of tensile structures for rooftop canopies is the norm across the world, and in no way do they compromise on safety. We will know the reasons for the collapse — and how to prevent them — only after a thorough evaluation.
BUSINESS
India–Middle East–Europe Economic Corridor: India, UAE planning to launch online platform for port clearance
The online portal will have a port clearance and payment facility for ships docking in Indian and UAE ports.
BUSINESS
How the Rs 76,220-cr mega port at Maharashtra’s Vadhavan Port will connect the economic zones in the hinterland
Vadhavan Port is expected to cater to spillover traffic from JNPT once it hits total utilisation of its expanded capacity of 10 million TEUs. It is expected that the new port will handle around 1 million TEUs of cargo in its first year of operation.
BUSINESS
CCEA may consider Rs 76,220-crore Maharashtra container port plan on June 19
The proposal for the Vadhavan Port project was a part of the 10 major infrastructure projects sent to the Union Cabinet for approval in March 2024.
BUSINESS
The Kanchanjungha Express accident again highlights why epic tragedies still plague the trainwreck that is Indian Railways
Many believe the Indian Railways being considered and treated as a tool for political favours is a prime factor for lax safety standards. Privatisation could be a way out.
BUSINESS
Gateway Distriparks in the market to buy three new ICD terminals as part of expansion plans: Prem Kishan Gupta
The CMD of India's premier logistics company also sees stability even as the industry goes though a period of flux.
BUSINESS
Airfares likely to taper off from July due to capacity addition, slight fall in demand
Ticket prices on major domestic routes are likely to ease as airlines take delivery of nearly 10 aircraft a month and the slack season for travel kicks in, industry experts and participants told Moneycontrol.
BUSINESS
MC Interview | India's exports have already started picking after a weak year: Unmesh Wagh, chairman, JNPA
Wagh stressed the need for a new port and said that JNPA will start awarding tenders for Vadhavan Port by August as soon as cabinet approval for the project is received.
BUSINESS
TDP's Ram Mohan Naidu inherits a high-stake job to navigate India's aviation boom amid pressing issues
India is projected to be the world's third-largest economy by 2027, needing hundreds of aircraft and many airports as millions of new passengers take to the skies.
BUSINESS
Nitin Gadkari retains road ministry to remain longest serving cabinet minister under Modi govt
The new road minister will have to tackle challenges like the rising debt of NHAI, maintaining pace of road construction in the country and financing of road projects in India.
BUSINESS
CONCOR targeting 18-20% volume growth, planning Rs 610 crore capex in FY25: CMD Sanjay Swarup
The logistics PSU plans to spend the Rs 610 crore to develop terminals and procure wagons, containers and IT equipment, as well as to acquire land.
BUSINESS
What are your rights as an air passenger? What can passengers of flight AI 183 do? MC Explains
The Ministry of Civil Aviation released a charter in August 2019 on the rights of passengers flying within the country.
BUSINESS
IndiGo to fit grounded planes with dual-seat configuration, launch business class by year end
By adopting this strategy, IndiGo aims to test its premium service on domestic routes, train cabin crew, cut costs, and avoid grounding more planes to install new seating.
BUSINESS
Jupiter Wagons to invest Rs 1,500 crore over two years to upgrade wagon manufacturing and wheel plants
Jupiter Wagon is looking to diversify from its core wagon manufacturing business and increase revenue from other verticals. The company also expects to launch its first one-tonne electric light commercial vehicle by July this year.
BUSINESS
India’s highway construction slows again due to elections, delayed land approvals
"Highway construction has fallen due to a slowdown in land clearance after the Model Code of Conduct kicked in and voting began from April 19," a senior government official said.
BUSINESS
Kavach train safety system orders slow as railways seek alternatives: KEC Intl's Kejriwal
Kejriwal said that going forward he does expect the new government to come out with orders for Kavach systems, but they will have to consider ways to boost manufacturing in the country.
BUSINESS
TCI looking to expand overseas operations, aims to become a major logistics player in South Asia: MD Vineet Agarwal
Agarwal warned that India will soon start seeing the impact of the ongoing Red Sea crisis on its export and import traffic.
BUSINESS
Challenge Group says it may pull out of Jet Airways aircraft deal, seek return of money with interest
Michael Koish, Chief Investment Officer of Challenges Airlines, which won the bid for three of Jet Airways' Boeing 777-300 aircraft, told Moneycontrol that the bankrupt airline's monitoring committee has become unresponsive despite court orders to hand over possession of the aircraft.
BUSINESS
Vedanta, Tata group to scout for lithium mines in Zambia, Congo
State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia, mines secretary VL Kantha Rao has said. India is also looking to tie up with Chile for copper assets
BUSINESS
Air India management says merger with Vistara will be completed by 2024-end, NCLT hearing done
The airlines told their employees that so far 120 pilots have been integrated by Vistara and Air India, and the airlines have completed the NCLT hearing on the proposed merger and are awaiting the official orders
BUSINESS
Can govt's proposal to scrap import duty on private jets boost India's chartered aviation industry? MC Explains
Various organisations are contemplating purchasing business jets to meet their commercial aviation demands, a senior executive from Club One Air, one of the largest jet air charters and non-schedule operators in India told Moneycontrol.
BUSINESS
Not just China, Chabahar Port win may help India counter Suez crisis, delays in IMEC
According to India Ports Global (IPGL), Chabahar can emerge as a potential global trading hub – and an arena for geopolitical competition. It may also allow India and Iran to reduce their dependence on the Suez Canal for transporting cargo to Europe.
BUSINESS
L&T CFO says RBI's proposed tighter infra lending norms will promote higher quality and cost effective projects
The RBI's proposals may lead to some rationing of resources but in the medium to long term he expects the proposal to support good projects
