BUSINESS
Investors should see L&T's profitability holistically, instead of numbers: CFO Shankar Raman
Shankar Raman added that the fall in L&T's stock was mostly due to investors' focus on one element of value creation to the exclusion of others.
BUSINESS
Go First revival in further jeopardy as the airline may lose airport slots, international flying rights
The government had temporarily allocated the flying rights of Go First in the Winter Schedule for 2023 and Summer Schedule for 2024, and these are likely to be made permanent by the end of the month
BUSINESS
Air India Express terminates some staffers over conflict with cabin crew
Sources in the know said around 20 employees may have received termination letter from the airlines.
BUSINESS
L&T does not see slowdown in international orders in FY25, says CFO
L&T's opportunity pipeline for both domestic and international orders remains strong in 2024-25, Chief Financial Officer R Shankar Raman said
BUSINESS
L&T plans to keep increasing workforce till FY26 to execute bigger orderbook: CFO R Shankar Raman
Since around 38 percent of L&T's order book is made up of orders from international clients, the company will continue expanding its international employee base, the official added
BUSINESS
Q4 results: L&T aims for 10% order inflow growth and 15% topline growth in FY25
Shankar Raman added that he expects both state-led capital expenditure and private capital expenditure to drive infrastructure order inflows in 2024-25 and the next few years.
BUSINESS
Larsen & Toubro Q4 results: Here are the key highlights
L&T said that geopolitical tensions, volatility in international financial markets, geoeconomic fragmentation, continuing sea route trade disruptions, and extreme weather events, pose risks to the outlook for 2024-25.
BUSINESS
L&T Q4 net profit rises 10% to Rs 4,396 crore, in line with estimates; declares Rs 28 dividend
Going forward, L&T expects India's economic growth momentum to continue in the medium term facilitated by both public and private capital investment.
BUSINESS
Road construction may slow down in FY25 on lower project awards last fiscal: Rating agencies
Road construction usually sees a drop in an election year as the execution of projects is delayed during the model code of conduct and project awarding is delayed in the financial year before the Lok Sabha elections.
BUSINESS
From Bhutan to Baku - Indian tourists look everywhere for their travel plans in summer 2024
As the world looks towards Asia for travel opportunities, India stands poised to capitalise on this momentum, leveraging its unique attractions and hospitality to welcome travellers from across the globe. Top outbound destinations this year include Sri Lanka, Malaysia, Thailand, Azerbaijan, Kazakhstan, Uzbekistan, and Georgia, according to the search numbers on travel platforms.
BUSINESS
NHAI encounters procurement delays for 'digital highways', new optic fibre cable tender expected
The road ministry has been trying to launch "digital highways" in India since 2022 with around 1,367 kilometres on the Delhi-Mumbai Expressway and 512 km on the Hyderabad-Bengaluru corridor being identified as pilot routes for the digital highway development.
BUSINESS
MC Explains: How IndiGo's new widebody aircraft will boost the airline's international operations
With its fleet of 312 Airbus A320s, 44 ATRs, and two Boeing 777s, and a 60 percent share in the domestic market, IndiGo has shown it knows how to be efficient.
TECHNOLOGY
Prove claims of delivering orders within 10 minutes: Govt to quick commerce companies
The government has asked for data that proves that the median delivery time is 10 minutes as companies claim in their ads, or if it’s even higher. However, there is a buffer of four minutes.
BUSINESS
Govt to invite tender for Great Nicobar transhipment hub by July as part of 100-day plan for ports ministry
The Great Nicobar Island project is a Rs 75,000 crore mega project to be implemented at the southern end of the Andaman and Nicobar islands.
BUSINESS
Alang ship recycling falls to 16-year low; only 125 ships scrapped in FY24
The government blames global financial slowdown, cost cutting by shipping cos for missing target and said it will instead focus on a five-year plan to revitalise the industry and offer scope to diversify to reduce dependence on one industry.
BUSINESS
Airlines expect Dubai flight disruptions to continue till Sunday, around 10,000 passengers from India affected
Indian carriers plan to deploy larger aircraft on the route while European carriers flying on Indian routes to avoid Dubai stopover.
TRENDS
Why EaseMyTrip CEO Nishant Pitti wants to own an airline and make movies too
Pitti highlighted a demand-supply gap in the airline industry and expressed concern that an airline bankruptcy will worsen the condition of travellers, prompting him to support Go First with his bid.
BUSINESS
Shipping industry braces for more disruptions as Iran-Israel conflict to further drive up freight rates, travel times
The average shipping cost for a 40-foot container for the South East Asia-India-European Union route was around $ 3,077 in March
BUSINESS
Airfare likely to flare up as tensions intensify between Iran and Israel
Indian airlines Air India and Vistara had said they would avoid flying over Iranian airspace for flights to Europe and other Western countries amid the ongoing tensions in the Middle East and would instead take longer routes to steer clear of the conflicted area.
BUSINESS
India's total toll collections rise 35% on-year to Rs 64,810 cr in FY24, target for FY25 at Rs 70,000 cr
The Election Commission has allowed NHAI to calculate new toll rates that normally kick in from April 1, but said the new user fees should be applicable only after the Lok Sabha elections.
BUSINESS
'Worst is behind us': Vistara CEO tells staff in newsletter
Vistara CEO said " worst is behind us, and we have already stabilised our operations, with our on-time performance (OTP) increasing to 89% on 9 April 2024 (second highest among all Indian airlines)".
BUSINESS
India's goal to become pivotal player in global hydrogen market gets a push
In Kandla, the DPA plans to develop a 7 million metric tons per annum (MMTPA) plant for green ammonia production and a 1.4 MMTPA plant for green hydrogen.
BUSINESS
Some pilots tender resignations amid disagreement with management at Tata Group airlines, Air India dismisses claims
Pilots of both airlines have pointed out that under the new contracts, guaranteed minimum flying allowance has been reduced from 70 hours to 40 hours resulting in a monthly pay cut of Rs 1 lakh for First Officers. Air India denied that anyone had resigned. "There is no truth in your assertion about First Officers resigning from Air India."
TRENDS
Why pilots are unhappy with new contracts offered by the Tata Group. MC Explains
While pilots of Air India through two unions the Indian Commercial Pilots Association (ICPA) and Indian Pilots Guild (IPG) had last year in April called for 'industrial unrest' if the airline forces them to accept or sign the terms & conditions, pilots at Vistara called in sick in the last week of March 2024 as a form of protest against the new contracts.
