BUSINESS
Titagarh Wagons, Ramkrishna Forgings gain after consortium bags forged wheels order
The consortium of Ramkrishna Forgings and Titagarh Wagons has emerged as the Lowest Bidder (L1) as per the financial bid opened on March 14, 2023, to manufacture and supply forged wheels under Aatmanirbhar Bharat initiative of the Ministry of Railways, Government of India.
BUSINESS
Maharashtra jet fuel VAT cut unlikely to lower airfares
The reduction in jet fuel prices is too insignificant to pass on in view of continued high demand in the domestic market.
BUSINESS
Unaddressed engine woes could force GoFirst to ground more aircraft
GoFirst is looking to sue Raytheon Technologies, the parent company of Pratt & Whitney, and will seek compensation for the loss of business due to its grounded planes.
BUSINESS
Women's Day 2023|Solo women passengers in Indian Railways still much fewer than pre-Covid levels
While the government has taken quite a few measures to increase the safety and comfort of women travellers, there is much to be desired.
BUSINESS
MC Explains| Seniors, know your rights! Make your air travel easier than ever
From discounted tickets to wheelchairs and dedicated attendants, airlines and airports offer a lot of facilities to senior citizens, here are some of them
BUSINESS
Govt asks airlines to increase flights to Leh to combat rising ticket prices
The price of a Delhi-Leh flight ticket, which usually costs Rs 3,000, was going for around Rs 30,000 in February and is still going for around Rs 13,000-15,000 in March.
BUSINESS
MC Exclusive | RVNL-Russia’s CJSC Transmashholding consortium emerges lowest bidder for 200 Vande Bharat trains
The consortium of state-run Bharat Heavy Electricals Ltd and Titagarh Wagons emerged as the second-lowest bidder, documents reviewed by Moneycontrol show. While 120 of these trains will be made at the railways Latur facility, 80 will be made in Chennai factory
BUSINESS
Tabreed India to focus on cooling systems for commercial property
The UAE company said it faces hurdles in participating in government projects.
BUSINESS
Indian Railways may again push the deadline for 100 Vande Bharat trains
Industry players have asked for more time to set up facilities for the manufacture of steel and aluminium-body trains.
BUSINESS
Network Planning Group under PM Gati to work with state governments to identify delays in execution of infra projects
This follows PM Narendra Modi last week flagging the cost overruns and delays in completing infra projects in India.
BUSINESS
Alstom, Medha-Stadler consortium sole bidders to build, maintain 100 Vande Bharat trains
According to officials, the winning bidder for the contract to manufacture and maintain 100 aluminium Vande Bharat trains will receive an upfront payment of Rs 13,000 crore upon delivery of the trains, with an additional Rs 17,000 crore to be paid over a 35-year period for maintenance.
BUSINESS
GoFirst has held back payments worth Rs 5 crore to employees, vendors in February
The airline has promised to reimburse its vendors once it receives a Rs 210-crore handout from the government by the end of the month.
BUSINESS
Boarding denials, flight cancellations, refund delays: SpiceJet faces litany of passenger complaints
SpiceJet may not have a refund issue brewing as it usually processes refunds to passengers and travel agents, it clearly has a customer service problem.
BUSINESS
NHAI InvIT looks to raise up to Rs 8,000 crore from third tranche of road assets
The NHIT, the infrastructure investment trust of the National Highways Authority of India, will take possession of the six road assets by March.
BUSINESS
Expect ULIP platform will be operational in next 6 months: Pirojshaw Sarkari
Pirojshaw Sarkari, CEO, Gati Ltd, said that while the government has shown eagerness in developing the ULIP platform, it has been found lacking in setting up the dedicated freight corridors.
BUSINESS
MC Explains | How Air India's plans to dominate Indian aviation start with its massive order of 470 jets
In its latest move to lift Air India off the ground, the Tata Group last week signed agreements for two orders for around 470 aircraft with both Boeing and Airbus as it moves towards restoring the glory days of the airline.
BUSINESS
You can take the airline back: SpiceJet's lawyer tells Kalanithi Maran's counsel in jest
The comments from SpiceJet's lawyers were made in jest in the Supreme Court on February 13, after the apex court ruled in favour of airline's former promoter Kalanithi Maran in a dispute between Ajay Singh and Maran.
BUSINESS
MC Interview | Malaysia Airlines expects fares to remain strong for the next six months
The group plans to focus on three profit centres: airlines, aviation services, loyalty programme and travel services.
BUSINESS
PM Gati Shakti has helped fast-track social sector schemes: DPIIT joint secretary
States like Uttar Pradesh and Gujarat have used data available on the platform to help develop better social infrastructure.
BUSINESS
ABB India looking to spend Rs 1,800 crore for acquisitions to drive growth: CFO Sridhar T K
ABB India plans to invest around Rs 1,000 crore in India over the next five years in setting up new manufacturing facilities and expanding the capacity of existing factories.
BUSINESS
ABB India aims to maintain order book above Rs 10,000 crore in 2023
The strong expected order inflow in 2023 is on account of countries and corporates globally looking to diversify their manufacturing portfolio and moving to a China plus one setup, in order to not be dependant on one country for their supply chain.
BUSINESS
Adani Ports aims to repay Rs 5,000 crore in debt by the end of 2023-24: Karan Adani
Adani Ports will also be looking to invest Rs 4,000-4,500 crore as capital expenditure in 2023-24, whole-time director and Chief Executive Officer Karan Adani said
BUSINESS
Indian Railway will need to raise around Rs 30,000 crore from asset monetisation in FY24: Sources
Indian Railways missed its asset monetisation target in 2021-22. This is likely to be repeated in 2022-23 as well, when against a target of Rs 57,000 crore, it will likely raise only around Rs 20,000 - 25,000 crore.
BUSINESS
Expect custom, cargo movement clearances to start on ULIP platform in 2-3 quarters: TCI's Vineet Agarwal
TCI has already tested some of the application programming interfaces (APIs) available on ULIP.
