business and finance

GMR group raises ₹6,300 crore to refinance promoter entity debt

GMR group will use the proceeds to refinance all external debt of GMR Enterprise Private Limited, the promoter of GMR Airports Limited




business and finance

Escorts Kubota to divest railway equipment business to Sona Comstar for ₹1,600 crore

The transaction, structured as a slump sale, is expected to close by September 30, 2025. 




business and finance

Vande Bharat sleeper train set ready for testing by November 15

ICF is working on hydrogen-powered trains and prototypes for freight transport to enhance e-commerce deliveries




business and finance

Centre admonishes X, Meta on bomb hoax posts

X and Meta officials were severely reprimanded for not divulging information in time about the bomb threats




business and finance

Ashok Leyland bags order for 500 electric buses from Chennai MTC

While 400 of these 12-m ultra-low floor electric buses will be non-AC, 100 buses will be equipped with air conditioning as well




business and finance

Schneider Electric to provide energy management solutions to Noida International Airport

The technologies will help optimise energy efficiency, reduce operational costs and minimise environmental impact




business and finance

Boeing strike to impact Indian carriers growth: CAPA India

Airbus deliveries lower than expected, says CAPA India outlook for FY 2025




business and finance

Cabinet greenlights ₹6,800 crore railway projects in key allies-run States of Andhra Pradesh, Bihar

Emphasises development over politics, with religious and trade significance




business and finance

InterGlobe Aviation likely to slip into red on higher costs, weak rupee

Emkay Global Research estimates InterGlobe Aviation’s second quarter loss at ₹780 crore largely driven by foreign exchange loss




business and finance

InterGlobe Aviation slips into red

Posts ₹986 crore loss in Q2 on higher costs




business and finance

Gujarat HC orders release of SW South Wind I after pact with exporting firm

Two more arrest orders are pending against the vessel




business and finance

Proper road infrastructure, skilled workforce among key challenges for logistics industry: experts

These challenges are pushing logistics firms to balance cost management, workforce, and technology investment to maintain competitiveness




business and finance

Pawfect buddies: Mumbai Airport revives emotional support dog program at Terminal 2

MIAL is the only Indian airport offering such a service, features nine trained dogs including a Golden Retriever, a Maltese, a rescued Husky, Shih Tzu, Lhasa Apso, and Labrador




business and finance

MHI to consult with Ministry of Health again for guidelines on e-ambulances

Ministry says companies like Force Motors, Maruti Suzuki, Tata Motors and Toyota ready to manufacture e-ambulances under the Scheme




business and finance

Direct flights open up new overseas destinations, Indian arrivals rise in double digits

While revenge travel fueled post-Covid 19 pandemic travel recovery, easier visa norms and increased air connectivity are boosting demand




business and finance

Air India suspends ten cabin crew as room sharing rule triggers a row

Crew union seeks labour ministry intervention to stall the move 




business and finance

Adani Ports Q2 PAT up 39%, revenue up 6.3%

Adani Ports said in a statement it was well positioned to hit the upper end of the FY25 EBITDA guidance range of ₹17,000-18,000 crore




business and finance

Indian Railways renegotiates Vande Bharat order to 80 high-capacity trainsets; JV Kinet on-board

New order consists of 80 trainsets with a 24-coach configuration, instead of originally planned 16




business and finance

New terminal operating system and bunching of ships disrupt truck movements at Kattupalli and Ennore container terminals

While the issue with the of TOS has been addressedsorted out, the trailers are still facing delays in the scanning centre




business and finance

After AIX Connect merger, Air India Express sets sights on capacity and market share growth

The merger enhances operational synergies and marks a step forward in the parent company’s ambitious Vihaan transformation initiative




business and finance

Great Eastern Shipping to sell 19-year-old product tanker 

Following the sale, G E Shipping’s fleet will consist of 41 vessels with a total deadweight tonnage of 3.31 million, including 28 tankers and 13 dry bulk carriers.




business and finance

IAF to outsource some MRO facilities to industry for the first time

About 80 cases of outsourcing certain MRO facilities are at various stages of approvals




business and finance

Kandla Port plans new container terminal and multipurpose berth with ₹27,000 crore investment

Positioned strategically between Tuna Tekra and the entry point of Kandla, the proposed site could help vessels avoid an 11-kilometer trek through the creek, providing cost advantages




business and finance

Release Viability Gap Funding to Vizhinjam port as grant, not loan, Kerala Chief Minister requests Centre 

Letter to Union Finance Minister requests treatment on a par with Outer Harbour project of VO Chidambaranar Port




business and finance

Diwali, rising disposable income lifts jet fuel consumption in October to second highest on record

Diesel and petrol consumption rise during the month




business and finance

Air India commences A350 services on Delhi-JFK route 

In addition, Air India announced said that it is preparing to launch a new inflight connectivity service on international flights operated by the A350




business and finance

Government moots ₹2,000 crore funding for Pawan Hans to revive operations, enhance capacity

Proposed fund infusion to help Pawan Hans provide consultation services for heliport construction, introduce seaplane services as well as add new choppers to its fleet




business and finance

India looks to alleviate container shortage amid Chinese front-loading and rising freight costs

Govt working on policy interventions and increased capacities to address global demand




business and finance

Kerala plans hub for maritime education in Kollam

Maritime education centre at Neendakara to modernise training programmes in step with evolving technologies, global shipping regulations




business and finance

Why construction gear is less in demand

After double-digit sales growth for two years, construction equipment makers brace for a muted FY25




business and finance

India gears up to expand carbon-efficient coastal shipping services

Coastal Shipping Bill moots identifying newer routes for movement of additional cargo




business and finance

Pest-proofing sea-going containers

Upcoming meet to think up ways of outwitting invasive pests that hitch-hike on freight containers




business and finance

IndiGo secures approval for wet lease renewals of 11 A320 aircraft




business and finance

Star Air to spread wings, grow fleet to 25 aircraft in 3 years

The Sanjay Ghodawat group airline’s expansion plan comes as the government prepares to extend the Udan scheme beyond 2027




business and finance

IRCTC Q2 net profit up 4.5%, interim dividend announced

Revenue from operations during the period under review stood at Rs ₹1064 crore, up 7.3 per cent y-o-y




business and finance

Southwest Airlines names IndiGo co-founder Rakesh Gangwal as Chairman

His appointment as the board chair comes a little over a week after Southwest settled issues with Elliott Investment Management, one of the airline's largest shareholders, that had sought sweeping changes at the carrier




business and finance

Centre to OTAs: Correct air ticket pricing mechanism, fix software glitches

‘Ministry has advised OTAs to modify the websites’ algorithm so that the search results are not based on cache memory data’




business and finance

Pipavav Port’s Q2 net profit declines 18%

The company logged consolidated net profits of ₹92.3 crore in the year-ago period




business and finance

Cyient DLM signs pact with Honeywell Aerospace Technologies

Cyient DLM The company signs a 16-year programme forecast to develop liquid cooling loops that will be used in select applications of Micro VCS




business and finance

Chennai now directly connected by air with Brunei

Brunei’s national airline will fly3three times a week between Brunei and Chennai on Tuesdays, Thursdays and Saturdays




business and finance

Air India prepares for Vistara merger, adds extra resources at airports

The routes, schedules, and crew operations will remain unchanged for Vistara customers




business and finance

Railways eyes double-decker cargo liners and Vande cargo trains for faster, greener freight

The cargo liners will have a 46-seat capacity in the upper deck while lower deck will be for cargo loading with a capacity of up to 6 tonnes




business and finance

RITES reports 25% decline in Q2 net profit, sees stable order book

RITES has declared a second interim dividend of ₹1.75 per equity share.




business and finance

Made-in-India Dhruv chopper proposed for civilian offshore role

Civilian version of the military ALH Mk-III is powered by ‘Shakti’ engines, features a civil certified glass cockpit




business and finance

Curtains for Jet Airways as Supreme Court orders liquidation

A three member bench of the apex court invoked its powers under Article 142 of the constitution and directed the liquidation of the grounded airline.




business and finance

Recaro to commence India sourcing to support mega orders; IndiGo among major clients

Recaro, the global aircraft seat manufacturer, has bagged mega orders from India-based airlines, including IndiGo




business and finance

Mangaluru International Airport records highest-ever passenger and air traffic movements in October 2024

The airport logged 1,538 air traffic movements, significantly up from 1,433 in September 2024




business and finance

Uber liable for GST as e-commerce operator, rules Karnataka AAR

This applies even when Uber only connects drivers and passengers via its app, with drivers receiving payment directly




business and finance

Air India rejigs senior management ahead of Vistara merger

Vistara, a 51:49 per cent joint venture between Tata Sons and Singapore Airlines, is set to merge with Air India on November 12




business and finance

PM Modi announces new airport near Vadhavan Port in Maharashtra

Prime Minister Maharashtraannounces new airport near Vadhavan Port in Maharashtra, valued at ₹76,220 crore, during BJP election campaign