BUSINESS
NHAI looks at retail investors to meet asset monetisation target in 2022-23
The roads authority is looking to offer around 25 projects worth Rs 45,000 crore under the InvIT model. NHAI InvITs constitute a platform to monetise roads over the next three to five years
BUSINESS
Adani Group’s $70-billion push may help India become net exporter of clean energy: Gautam Adani
Adani says at AGM his group working on making green hydrogen the “fuel for future”
BUSINESS
Crashing rupee makes holidays costlier, travellers look beyond US and Europe
Destinations such as Japan, Thailand, the Maldives and Mauritius have become more attractive to Indian travellers as the rupee has strengthened against their currencies.
BUSINESS
NHSRC officials say Mumbai-Ahmedabad High-Speed Rail project likely to be completed by 2028
The first phase of the project is expected to be launched in 2026. The high-speed rail project is being constructed with 80 percent loan from Japan at 0.1 percent interest and a 15-year moratorium.
BUSINESS
Drone industry may soon see more incentives as government works on PLI hike
The PLI scheme was launched in 2021 with an incentive of Rs 120 crore spread over three financial years. The turnover is expected to nearly double every year for the next five years, so, the industry wants a higher PLI quantum
BUSINESS
Rolling stock cos say deadline extension of Vande Bharat trains to help industry consolidate and plan investments
Industry participants said that no domestic company has the capability to individually bid for and execute the Rs 26,000-crore order within the stated timeline for delivery of 82 months.
BUSINESS
UPS starts new airport gateway facility in Bengaluru
This is the American package and document delivery company’s second dedicated airport gateway facility in India after opening its Delhi airport gateway in 2020.
BUSINESS
JetSetGo to import four more planes through GIFT city in 2022-23
The company imported its Hawker 800 XP aircraft from Dubai and leased it through GIFT City on July 16 and is the second aircraft it has leased from it.
BUSINESS
MC Explains | How do full-body scanners at Delhi and Mumbai airport work?
The new body scanner will be a safer alternative for passengers as it doesn’t use X-rays or ionising radiation, say officials. There will be no need for physical frisking or passengers having to take off clothing so the scanners will speed up security checks, they note.
BUSINESS
Indian Railways working to stock up on coal to ensure no monsoon shortages
The national transporter is on track to meeting its 50 million tonne target for July, but there may be some disruption in August as coal production and transportation is expected to slow down because of heavy rains,.
BUSINESS
Schengen visa issues saw Indian travellers turn to SE Asia, West Asia in April-June
However, with the end of the summer vacation cycle in India, and more international routes opening up post-COVID restrictions, demand is expected to taper back and spread out across other countries.
BUSINESS
As COVID-19 disruptions ease, airlines in India face turbulence from protesting employees
Staff at IndiGo, GoFirst, Air India and SpiceJet have, in the past, expressed discontent by not reporting for work, or taking mass leaves, which disrupted the operations of these airlines.
BUSINESS
GoFirst asks protesting technicians to return to work, rejects demand for pay hike
The airline management has told protesting staff that their request for salary hike is not being considered and their contracts will be terminated if they refuse to resume work, technicans said.
BUSINESS
Indian aviation faces tussle for talent as market recovers from pandemic
The aviation sector already faced a shortage of pilots and cabin crew before the pandemic struck. By not restoring salaries to pre-Covid levels airlines have only spurred the poaching of staff.
BUSINESS
SpiceJet’s mounting incidents of malfunctions shake customer confidence
SpiceJet said the safety of its passengers, crew and aircraft is paramount and all its flights are safe.
BUSINESS
Indian Railways extends deadline for bids for 200 third-generation Vande Bharat train sets to October
The Railway Ministry’s decision to extend the deadline may affect the government’s ambitious plan to manufacture 400 Vande Bharat trains in India by the end of 2024-25.
BUSINESS
Indian Railways to come out with tender for 200 fourth-generation Vande Bharat trains by August
The first two generations of the Vande Bharat trains only have a chair car seating format, while the third and fourth generations will have sleepers and are expected to cost around 15-20 percent more than the second-generation of Vande Bharat trains.
BUSINESS
Govt extends PLI scheme to 11 more firms for drone manufacturing
The government has selected Aarav Unmanned Systems, Asteria Aerospace, EndureAir Systems, Garuda Aerospace, Roter Precision Instruments, Throttle Aerospace Systems, and Sagar Defence Engineering as beneficiaries under the PLI scheme, which already included five other drone manufacturers.
BUSINESS
MC Explains| Why were IndiGo's flights delayed on July 2 and July 3?
Indigo flights were delayed across the country on July 2 and 3, because a large number of employees took last-minute leave, ostensibly to attend the walk-in interviews for hiring cabin crew by Air India and Air India Express.
BUSINESS
Air India veterans feel unwelcome in airline under Tata group
Older employees of Air India feel that the new management is focused on replacing them with new hires.
BUSINESS
Jet Airways likely to sign deal for new planes in next couple of weeks: Sources
At the moment Jet Airways has not made a final decision on the type of aircraft it wants to procure and the contract is mostly going to depend on the manufacturer’s ability to deliver planes in a timely manner.
BUSINESS
Government to start discussions this week on removing airfare price caps
The lower end of the fare band was put in place to help airlines that had been struggling financially due to travel restrictions. The upper limit was imposed so that passengers are not charged huge amounts when demand for seats is high.
BUSINESS
Airfares likely to rise by 2-4 percent every month if jet fuel prices keep rising: Airline officials
Airlines might not increase prices all at once, partial increments of Rs 300-600 every month are likely to pass on the cost of rising fuel prices.
BUSINESS
India should do away with import bond to increase global presence in shipping industry: Christian Roeloffs
The political and economic uncertainties in Sri Lanka and congestion at Colombo port have created an opportunity for India to increase transshipment traffic in the country. And in order to take advantage of this opportunity, the Indian government should adopt digitisation to improve the efficiency of its ports and look to incentivise global shipping to set up base in India, Roeloffs said.
