TRENDS
Vistara pilot woes: Sharp rise in domestic airfares unlikely in coming months, say govt officials
As part of the ongoing summer schedule, which started on March 31, domestic airlines had planned to increase domestic flying capacity by 6 percent, or 1,368 weekly flights.
BUSINESS
In townhall with pilots, Vistara top brass said to have discussed possibility of trimming network to reduce disruption
Vistara Chief Executive Officer Vinod Kannan held a virtual meeting on April 3 with the pilots, assuring them that the management will work on reducing the pressure on current resources. He urgent them to report to work after the airline was forced to cancel over 100 flights so far in the week.
BUSINESS
Water Day: Recycling water best way to ensure adequate freshwater in major Indian cities, says VA Tech Wabag chairman
Highlighting that recycled water is the way forward for water security, Mittal said that landlocked cities like Delhi and Bengaluru, which are expected to reach record-high water scarcity level in the upcoming summer months, should promote reusing water from wash basins for gardening, toilets and introduce two-pipe systems.
BUSINESS
SpiceJet cuts planned flight operations by 20% as it struggles to add pilots, planes
SpiceJet, in response to questions sent by Moneycontrol, said that as of March 20, 2024, the airline's operational fleet comprised 39 planes, while the total fleet size stands at 63
BUSINESS
Megha Engineering's biggest donation was to BJP, followed by BRS: Electoral bonds data
MEIL's order book was a robust Rs 1.87 lakh crore as on September 2023. The company’s revenue in FY23 was Rs 25,837.7 crore, and EBITDA was Rs 3,338.1 crore
BUSINESS
Domestic airlines plan to operate 6% more weekly flights for summer 2024 schedule
The summer schedule, which starts on March 31 and runs till October 26, has been approved for 125 airports, including the newly inaugurated airports in Azamgarh, Aligarh, Chitrakoot, Gondia, Jalgaon, Moradabad and Pithoragarh
BUSINESS
SpiceJet's Ajay Singh, Busy Bee raise bid for Go First to Rs 1,800 crore
The Ajay Singh-Nishant Pitti consortium has also proposed to increase its upfront payment to around Rs 500 crore, from around Rs 290 crore earlier, said a source.
BUSINESS
Why are govt employees threatening to go on strike over restoration of old pension scheme?
Several unions of railway employees and workers have threatened to stop all train services across India from May 1 if their demand to implement the OPS is not met.
BUSINESS
India's efforts to improve logistics infrastructure have started to show results, but long way to go: DHL Express global CEO
John Pearson said DHL Express plans to invest 200 million euros in India over the next five years.
BUSINESS
DHL Express report says globalisation resilient but geopolitical threats rising
India has improved its global connectedness rank by 5 positions to reach 62 out of 171 countries from the previous 67.
BUSINESS
Why it is difficult to revive airlines in India? What stands in the way of Go First's and Jet Airways' revival?
Airlines in India have to deal with various costs such as high jet fuel prices, high leasing costs, (Indian airlines pay annual lease rents of about Rs 10,000 crores to lessors) and several charges to airport operators, such as separate charges for landing, route navigation, parking, terminal, fuel, and royalty.
BUSINESS
Cabinet likely to clear Rs 76,220-crore proposal to develop container port at Vadhavan in Maharashtra on March 7
The Union Cabinet is also expected to approve proposals of projects for Guwahati Ring Road and Kharagpur-Siliguri highway.
BUSINESS
India looking to boost import of MOP from Russia as Red Sea crisis hits imports from Jordan and Israel
Russia is already the largest supplier of MOP to India, accounting for nearly 60 percent of imports. India's fertiliser imports from Russia surged 246 percent to a record 4.35 million tonnes in 2022-23 as Russian companies gave discounts to the global market price for MOP, DAP, urea and NPK fertilisers.
BUSINESS
New standard operating procedures In March for tunnel construction, rescue operations
As part of the new SOPs, the government has addressed issues like identifying the 'shear zone' of a project site before creating the Detailed Project Report (DPR) for a tunnel project. It also mandates the presence of certain safety equipment at the construction site.
BUSINESS
Govt working to avoid a shortage of low-grade iron ore in India: Steel Minister Scindia
Exports of iron ore, mainly fines of below Fe (iron) 58% grade, as well as pellets rose to a three-year high of over 44 million tonnes in calendar year 2023, according to analytics firm SteelMint.
BUSINESS
MC Explains: Flight duty time limitation and why Indian airlines are seeking more time to enforce the new norms
The new FDTL norms proposed by the DGCA came after two young pilots died of cardiac arrest in India. The new rules will be binding from June 1, but the airlines have sought more time.
BUSINESS
Saudi Arabia's Vision 2030 fuels order books of India's infrastructure companies
The ties between the two nations have undergone a significant transformation in recent years. The current investment boom by Saudi Arabia has benefitted from the ties and from the fact that Indian companies had set shop in the region in time to capture the potential.
BUSINESS
DGCA rules out extension of deadline for new period rules for pilots
A senior DGCA official also cautioned airlines against scaremongering, adding that "the new duty norms are based on empirical data, and balance the industry’s growth as well as safety concerns."
BUSINESS
MC Exclusive: Consumer protection body may impose fines, bans on products that violate greenwashing norms
If a product is found violating greenwashing guidelines on multiple occasions, those products may be banned from sale, an official said. Greenwashing refers to false or misleading claims by organisations about the positive impact that a company, product or service has on the environment.
BUSINESS
SCI divestment faces more hurdles as pension scheme and ongoing court case may delay process further: Sources
SCI is the midst of a court case for non-payment of medical dues to its employees. There is also no clear picture of how employees will be compensated after the demerger under the pension scheme of the company.
BUSINESS
Coal ministry seeks 600 trains daily to augment supply to power plants in summer
India is stepping up coal-fired generation capacity as peak electricity demand is likely to touch 256.5 GW in 2024 from a record 240 GW in 2023.
BUSINESS
Mc Exclusive: IndiGo to lease 20 aircraft from April to mitigate capacity loss due to grounded planes
The airline expects to increase its fleet by 20 percent in FY24, exceeding the 12 percent estimate given at the start of the current financial year.
BUSINESS
Indian Railways may break up New Delhi Railway Station redevelopment into smaller tenders
This will be the government’s fifth attempt to redevelop the iconic station since 2002-03. Bidders are reported to have quoted much higher amounts than the allotted cost in earlier tenders. The station will cover an expanse of 1.5 crore square metres under the proposed revamp.
BUSINESS
Exclusive | Titagarh Rail Systems plans to start supplying driverless metro train coaches for Bengaluru Metro from April: Sources
Titagarh plans to complete the order of 204 coaches within the timeline of March 2025.
