BUSINESS
Amrit Bharat Station Scheme to renovate 1,000 small stations
The new scheme will replace the existing Adarsh Station Scheme introduced in 2009 for the beautification and upgradation of stations. Stations with an annual revenue of less than Rs 20 crore, and passenger volume of less than 5 million will be considered for the project.
BUSINESS
Supply chain disruptions worry Indian EXIM industry once again, as COVID-19 cases surge in China
Rising number of COVID-19 cases in China has also affected the availability of workforce at major ports in that country.
BUSINESS
Work vacations see a dip in demand in 2022, but the trend is here to stay
Most travel and tourism sector insiders expect the trend to continue once the global economy recovers and travel gets back in vogue.
BUSINESS
MC Explains: What are your rights as a passenger in case of flight cancellation or denied boarding?
The Ministry of Civil Aviation released a charter in August 2019 on the rights of passengers flying within the country.
BUSINESS
Kalyani Group aims to manufacture 250,000 tonnes of green steel in 2023-24: Amit Kalyani
Green steel is a variety manufactured without the use of fossil fuels. It is produced by using low-carbon energy sources such as hydrogen, coal gasification or electricity rather than coal-fired plants.
BUSINESS
Air traffic under UDAN 22 percent lower than last year: Sources
The fall in passenger traffic along with rampant cancellations by airlines highlights the vulnerability of the routes which loss-making airlines are unable to support.
BUSINESS
Logistics industry seeks subsidies on Electric Vehicles, faster development of ULIP platform in 2023 Budget
The industry wants the budget to announce measures to improve the execution of infrastructure projects like logistic parks, dedicated freight corridors and cold storages
BUSINESS
Pitch Report| Infra industry says government must focus on boosting consumption for better capex
Infrastructure companies expect the budget to provide a push to capital expenditure in the industry, especially in labour-intensive sectors like construction.
TRAVEL-TRENDS
Safe trips: More travellers are taking insurance cover for holidays after Covid
Apart from health insurance, travellers are taking policies for flight cancellations and delays and hotel quarantine.
BUSINESS
Indian Railways may place mega order for 50,000 wagons in budget
Last year, the government said it plans to purchase 90,000 wagons to transport coal, cement and food grains.
BUSINESS
ICAO says it doesn't audit airlines just days after SpiceJet claims of 'safe airline'
"As part of an ICAO Coordinated Validation Mission (ICVM), ICAO teams conduct industry visits to verify the effectiveness of the civil aviation authority’s safety oversight. This will include visits to multiple operators. ICAO wishes to clarify that visits to these operators are not an audit or inspection at all," the international organisation said in a statement.
BUSINESS
Terminal Troubles: After days of chaos Delhi airport now assures happy journeys
The closure of T1 and a surge in air traffic are the immediate reasons for the scenes that unfolded at the award-winning terminal.
BUSINESS
Christmas and the wedding season make the holidays expensive
With airfares and room rates soaring on the back of surging demand, your happy holidays may leave you just a little poorer.
BUSINESS
Uncertainty around revival plans pushes Jet Airways employees to explore alternative avenues
The Jalan-Kalrock consortium, the new owner, has said that while it awaits the handover of Jet Airways under the revival process, the longer-than-expected time taken for its completion may result in some difficult decisions having to be made.
BUSINESS
Govt aims to begin Shipping Corp divestment roadshows in January, demeger to be completed in the next few weeks
The financial bids from potential investors are expected to be invited following the demerger and relisting of SCILA.
BUSINESS
Govt likely to invite EoI for CONCOR divestment in December
DIPAM started a pre-EoI roadshow for potential bidders on October 19 to measure investors' interest in the divestment from CONCOR, the company said in an exchange filing. The roadshow was held virtually until October 21, the filing said
BUSINESS
InBadShape | India needs a national registry and agency to monitor infrastructure, fix accountability: Vinayak Chatterjee
Among the key reasons for our crumbling, collapsing infra are contractors cutting corners, and totally gaming the monitoring system by having the test engineers in their pockets
INDIA
In Bad Shape | Can India adopt international practices & improve the quality of its infrastructure?
Indian projects are constructed at a fraction of the cost of what something similar costs in a developed nation. Nonetheless, changing our bid selection process and a different testing process testing would help.
BUSINESS
Six ministries submit logistics efficiency plans: DPIIT joint secretary
The other seven ministries are identifying bottlenecks that affect logistics efficiency and will come out with their plans soon.
BUSINESS
Pratt & Whitney aims to supply 20-25 engines every month to India for next three months: Sources
The company, which provides aircraft engines to around 200 Airbus A320Neo flown by Go First and IndiGo, is aiming to clear its backlog of engine deliveries by end of FY2022-23. Over 50 aircraft of Go First and IndiGo have been grounded due to lack of engines and spare parts. IndiGo has begun leasing to meet demand, while Go First is struggling to meet capacity and maintain its schedule.
BUSINESS
Uncertainty over corporate travel returns as global slowdown looms
Soaring inflation, geopolitical issues and the risk of a global recession are resulting in companies cutting back on corporate travel in India
BUSINESS
Jet Airways cuts salaries, sends several employees on leave without pay as revival plan hits hurdle
New owner the Jalan-Kalrock consortium informs NCLAT of its inability to pay additional money to clear provident fund and gratuity dues of around Rs 250 crore
BUSINESS
Will find it difficult to maintain profit margin going forward: RITES CMD Rahul Mithal
Rites will find it tough to maintain its operating margin at around 25 percent as the company was unable to win any new high-margin export orders during the pandemic. However, it is aggressively pitching for new export orders in Bangladesh, Sri Lanka, and Mozambique.
BUSINESS
MC Explains: Why are GoFirst operations hit and what next?
The situation has become very dire in the last few weeks with passengers in Bengaluru protesting against flight delays on November 13 and the Directorate General of Civil Aviation also saying that it will launch an investigation into the airline's operations.
