BUSINESS
In Bad Shape: Bridge collapses can be easily prevented in India
: The number of bridge collapses has come down over the years, but even one bridge that crumbles is one too many.
BUSINESS
SpiceJet widens net loss for September quarter to Rs 838 crore
The airline reported a net loss of Rs 577.7 crore in Q2FY2023. It had reported a net loss of Rs 561.7 crore in the second quarter of 2021-22.
BUSINESS
Domestic airfares unlikely to drop back to pre-COVID levels as airlines battle cost surge
Airlines are in no mood to start a fare war at a time when global supply chains are disrupted and fuel prices are still at very high levels after the Russian invasion of Ukraine.
BUSINESS
In Bad Shape | What NHAI is doing to help halve road accidents by 2024
The government will audit roads more frequently, get rid of accident-prone areas and deploy drones to survey projects.
BUSINESS
In Bad Shape| India's most dangerous highways—why they are taking a toll on lives
Due to poor road infrastructure and maintenance, at least 12 people died in road accidents in India every day in 2021. The figures will be higher if the number of cases that go unreported is taken into account
BUSINESS
MC Interview | We aim to diversify our business to generate a third of our revenue from non-road segment in the next five years: TCI MD Vineet Agarwal
Agarwal said that his company plans to invest Rs 200-250 crore as capital expenditure to boost capacity of its non-road assets in the next four years. Most of that will be used to acquire new ships, containers and working assets, and for the construction of warehouses.
BUSINESS
Have a 3-pronged approach to handle safety issues on the road assets: NHIT MD Suresh Goyal
Goyal in an interview said that NHIT has hired on ground safety professionals to monitor the its road assets on a daily basis to ensure high safety standards.
BUSINESS
Under ECLGS, interest rates for loans to Indian airlines are virtually double that of banks: Govt officials
High interest rates puts the viability of the scheme in question, at a time when airlines are struggling to make ends meet due to high ATF prices.
BUSINESS
Visa delays inhibiting recovery of air traffic between India & UK: Virgin Atlantic’s Alex McEwan
But in spite of visa troubles, most of Virgin Atlantic's India-UK flights have been operating with high passenger loads. And corporate travel has bounced back to pre-Covid levels.
BUSINESS
Benefits of National Logistics Policy will start showing next year: Allcargo Logistics
In an interview with Moneycontrol, the company’s Chief Strategy Officer Ravi Jakhar said execution will be key to the success of the NLP and that the logistics industry in India is ready to adopt digitisation to improve efficiencies
BUSINESS
Pawan Hans working on improving operations, balance sheet as divestment dilemma continues
Pawan Hans is sweating out its helicopters wherever possible but is also exploring leasing options for its ideal helicopters by tying up with private companies.
BUSINESS
Interview|Govt. working on 107 logistics bottlenecks at ports, says Deputy Secretary, Logistics, DPIIT
The division has categorized these ports into three on the basis of priority and is working with state governments to develop the infrastructure, said Jivisha Joshi, Deputy Secretary for the Logistics Division at DPIIT.
BUSINESS
UP authority blames advanced traffic management system contractor for Purvanchal Expressway cave-in
A senior official from the National Highways Authority of India (NHAI) told Moneycontrol that it is looking into the collapse of the expressway.
BUSINESS
Aim to start rolling out benefits of drone PLI scheme from next month: Govt sources
The official added that a number of companies are still trying to prove their eligibility to be included under the PLI scheme but these discussions are likely to end soon.
BUSINESS
SpiceJet's pilots say they are 'caught between a rock and a hard place'
SpiceJet is facing a slew of issues that has seen its operations, pilots and crew members come under pressure. The end to the turbulence in the low-cost airline is nowhere in sight.
BUSINESS
MC Explains: Challenges the govt needs to address to make the National Logistics Policy a success
With 20 million trips made by trucks every month to transport goods across the country, pivoting from gas-guzzling road transport will be among the biggest challenges.
BUSINESS
India Inc expects NLP to transform the nation into a global manufacturing hub
The NLP is expected to embed India in global supply chains and energise the economy across multiple sectors. It is also expected to enhance green transportation, among others.
BUSINESS
National Logistics Policy | A look into Service Improvement Group and their roles
The SIG will include members of the NPG and members from the Ministry of Housing and Urban Affairs (MOHUA), Department of Revenue (CBIC and GSTN), Department of Commerce, DPIIT and any other co-opted member.
BUSINESS
What is ULIP that government will create under the National Logistics Policy?
ULIP will integrate seven ministries on one platform to provide logistics companies with information about cargo movement in the country.
BUSINESS
MC Explains | Some key features of the National Logistics Policy
The policy is expected to streamline rules and address supply-side constraints, while helping to provide a roadmap to reduce fuel costs and lower logistics costs.
BUSINESS
Indian pilots and cabin crew still struggle to negotiate salaries despite better airline operations
Unexpected events like the COVID-19 pandemic, and the collapse of Kingfisher and Jet Airways, have seen aviation personnel in India unwilling to fight for raises and lesser work.
BUSINESS
Here's what the industry expects from the national logistics policy launching today
The policy is expected to create a single point of reference for all logistics and trade facilitation matters, reducing costs.
BUSINESS
Logistics aggregator Raaho is looking to raise $20 million next year to fund expansion across India
Raaho is targeting revenues of Rs 250 crore in 2022-23 and is aiming to grow its revenues to around $ 1 billion or Rs 7,500 crore in the next five years.
BUSINESS
OMCs need more time to recover losses before they cut petrol, and diesel prices: Oil Minister Puri
OMCs did not increase the retail price of petrol and diesel in line with the steep increase in crude oil prices earlier. They typically revise retail petrol and diesel prices daily, based on the rolling average of international benchmark prices over the past 15 days.
