New Delhi: Tata Advanced Systems and Lockheed Martin on Monday announced the groundbreaking of a new maintenance, repair, and overhaul (MRO) facility in India to support operations of C-130J Super Hercules military transport aircraft. The announcement to set up the facility in Bengaluru came as a Tata-Lockheed Martin joint venture is pitching C-130J Super Hercules…
New Delhi: IndiGo CEO Pieter Elbers on Sunday said the airline will be operating around 1,650 flights on Sunday and “step by step, we are getting back”. In the last few days, hundreds of flights have been cancelled and delayed, causing hardships to thousands of passengers. The country’s largest airline, which generally operates around 2,300…
Mumbai: IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights on Sunday, and 650 remain cancelled for the day, amid the airline’s operations gradually stabilising after massive disruptions in the last five days, the airline said. IndiGo also said it is expecting to stabilise the network by December 10 against the…
A wave of innovation in Indian asset management has arrived with the launch of Specialised Investment Funds (SIFs). These funds, available to investors with a minimum investment of Rs 10 lakhs, offer sophisticated strategies similar to what was previously reserved for AIFs and PMS portfolios. SIFs deliver the ability to take unhedged short derivative positions,…
New Delhi: Authorities will take appropriate action in the matter of IndiGo flight disruptions depending on the inquiry committee’s findings, a senior government official said on Saturday. As flight disruptions continued for the fifth straight day, Civil Aviation Minister K Rammohan Naidu, along with senior civil aviation ministry officials, held a “serious meeting” with IndiGo…
Prime Minister Narendra Modi’s latest diplomatic engagement with Russian President Vladimir Putin has once again reaffirmed a geopolitical truth that many in the West find uncomfortable: India’s partnership with Russia is not a legacy of the past but a strategic necessity of the future. Far from being an emotional throwback to Cold War alignments, it…
New Delhi: The Reliance Centre, a guesthouse and some residential assets in Mumbai, apart from 231 plots of land in Chennai, are among the fresh assets worth Rs 1,120 crore attached by the ED as part of its ongoing money laundering probe against the companies of Reliance Group chairman Anil Ambani. The properties belong to…
New Delhi: Civil Aviation Minister K Rammohan Naidu on Friday said various operational measures, including keeping new flight duty norms in abeyance, will help address the IndiGo flight disruptions, and complete restoration of services is expected in the next three days. The government has also decided to institute a high-level inquiry to determine the reasons…
Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level. The governor’s statement came at a time when the rupee breached the 90-mark against the US dollar, and is hovering…
Mumbai: Stock market benchmark indices Sensex and Nifty rallied in morning trade on Friday after the RBI cut interest rates by 25 basis points in a bid to further bolster economic growth. After volatility in early trade, the 30-share BSE Sensex later bounced back, advancing 318.71 points to 85,584.03. The 50-share NSE Nifty also climbed…
