Operations

A Moneycontrol check on found Rapido replacing its bike taxi service with a 'bike parcel' option. Ola and Uber are still offering bike taxi rides

SpiceJet to use QIP proceeds for payment of statutory dues, outstanding liabilities, fleet expansion

Out of the total proceeds from the QIP, Rs 750 crore will be used for paying outstanding liabilities to creditors, including aircraft and engine lessors, engineering vendors, financiers, Rs 601.5 crore for paying statutory dues, and Rs 410 crore for ungrounding and maintaining its existing fleet and for purchasing new components, the company said.

Cash-strapped SpiceJet to lease 10 new planes ahead of upcoming festive season: Sources

The struggling low-cost carrier is holding investor roadshows in Mumbai, Singapore and Hong Kong to fuel interest for its upcoming qualified institutional placements in a bid to raise around Rs 3,000 crore. The airline has appointed ICICI Securities, JM Financials and DAM Capitals as merchant bankers for the beleaguered airline’s stake sale.

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

VinFast eyes Ford Chennai factory as part of its India entry plans

Vietnam-based EV maker VinFast is actively considering the Ford India plant in Chennai as a potential location to start its operations in India in a top-down approach, beginning with completely built imported units and knocked-down kits, before progressing towards establishing local manufacturing facilities.

Vedanta is preparing to demerge sprawling operations

Vedanta Resources has been scrambling to raise funds due to rating downgrades and concerns about meeting debt obligations.

Digital, data-driven operations top priority for future-ready organisation: TCS report

The survey uncovers the top focus areas for large enterprises and essential enablers for futuristic business operations.

SaaS firm Zluri raises $20 million funding led by Lightspeed Venture Partners

Zluri will utilise the funding to expand generative artificial intelligence (AI) capabilities in enterprise SaaSOps

DGCA eases norms for Indian airlines to fly to new international locations

The checklist for assessing a new destination has been pruned from 33 points to just 10 in a bid to make it easier for them to spread their network to hitherto unserved places, DGCA said

IndiGo aims to grow north of mid-teens this FY, says CEO Pieter Elbers

IndiGo is seeing robust demand for flying in current quarter and yield in the current quarter were higher when compared on year to a capacity constraints in the domestic Indian market.

Alliance Air disruption: Small airlines can cause big problems when they’re down

The state-owned airline is the monopoly operator on many routes. The disruption has meant that many airports in the country are without flights. That means people can be stranded, on an island like Agatti for instance, with no other options.

BSE Q3 net profit drops 16%; revenue from operations up 6%

In comparison, the exchange had posted a net profit of Rs 61.3 crore in the year-ago period, BSE said in a statement.

IndiGo to launch flights to Nairobi, Jakarta soon, looking at China as well: Pieter Elbers

IndiGo aims to use 30 percent of its capacity for international operations in 2023-24

Coal India to produce sand using overburden rocks; likely to begin ops at 5 plants by next year

Under the 'overburden (OB) rocks-to-manufactured sand' initiative, Coal India Ltd (CIL) facilitates processing of waste overburden at its open cast mines.

Crypto exchange Coinbase to halt Japan operations

The move comes just weeks after rival exchange Kraken said it was ceasing its business in the country.

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.

Akasa Air to launch Delhi-Bengaluru, Delhi-Ahmedabad flights from October 7

Akasa Air also plans to start a new flight on the Ahmedabad-Bengaluru route from October 7

Akasa Air expects to operate over 150 weekly flights by September-end

It will also start a new route connecting Bengaluru with Chennai from September 10.

Akasa Air opens flight bookings. Check routes and prices

The newest airline in India plans to start operations of its flights from August 7 and in the inaugural phase of its network development, the airline will launch its operations by offering 28 weekly flights between Mumbai and Ahmedabad.

In midst of transformation; addressing weaknesses in ops and product portfolio: Eveready MD

Eveready Industries India Ltd is in the "midst of a transformation" of its business and has taken steps to address areas of weaknesses in its operations and the product portfolio, while the battery and flashlight maker expects growth in the coming days, said its managing director Suvamoy Saha.

TCS targets $50 billion in revenue by 2030: Network18 Exclusive with MD & CEO Rajesh Gopinathan

What could TCS of the future look like? MD & CEO Rajesh Gopinathan reveals.

TCS to introduce new operating structure for four business groups: Report

TCS is considering dividing its operations into four groups: acquisition, relationship incubation, enterprise growth, and business transformation.

Air India to operate 3 flights to Ukraine this week amid tensions; first one today

The flights will operate to and from Boryspil International Airport, Ukraine's largest airport

Air India gets FAA technical nod to fly Boeing 777, resume flights to New York

The national carrier has started operating flights to the US again after the FAA gave its consent to operate certain aircraft which comprised most Airbus SE and Boeing Co models, including Boeing's 777

Explained | How the Indian Railways is planning to attract more bidders to run trains

Its first round of bidding saw only two participants. Now, it is considering reduced haulage charges, and incentives for using locally made coaches and engines, among other things. Industry participants also expect the railways to ease the terms of the revenue-sharing agreement.