Road Transport Minister Nitin Gadkari said on Monday that the Central Government expects a 20 per cent decline in road accidents from the current five lakh a year. Parliament’s nod to pending legislation Motor Vehicles (Amendment) Bill will also help curb the accidents, said...

Cash-starved carrier Jet Airways said on Wednesday that some aircraft were grounded because of technical and temporary reasons, denying a news report that said the planes were not flying because of a default in lease-rent payment. The carrier, struggling to repay debt, is regularly...

Bangalore International Airport Limited (BIAL) – operator of Kempegowda International Airport, Bengaluru (KIAB) and InterGlobe Aviation Limited, which operates domestic carrier – IndiGo have entered into a 20-year agreement to sub-lease land atthe airport to build a Maintenance Repair and Overhaul (MRO) facility. The...

The infrastructure, both social and physical, was named as the first dimension of Vision 2030 presented by Finance Minister Piyush Goyal while announcing the interim Union Budget 2019 on Friday. While this year the budget speech missed big numbers being announced for the infrastructure...

Amidst the political heat over the Sabarimala issue, another tussle is brewing between the left and the right of the political spectrum with the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government testing the disdain of the Communist Party of India (Marxist) towards...

Markets watchdog SEBI on Thursday said it has not received any reference on relaxation in rules regarding Jet Airways. The regulator’s statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is...

Ronojoy Dutta, popularly known as Rono Dutta, returns to the Indian aviation scene after a gap of over a decade to take over as IndiGo’s Chief Executive Officer. IndiGo also appointed M Damodaran as an Independent Non-Executive Director of the airline on Thursday. Dutta...

State-run warship builder, Mazagon Dock Shipbuilders Ltd, will lease the workshop land and Clarke Basin area at the adjacent Mumbai Port Trust, on a long-term lease of 29 years to expand capacity. The deal will fetch the cash-strapped Mumbai Port Trust ₹937.36 crore as...

Maharashtra government is keen on buying the iconic Air India building in south Mumbai, a senior official said on Wednesday. The 23-storey tower on Marine Drive in Nariman Point area was the national carrier’s headquarters till 2013 when it was vacated as part of...

Jet Airways on Wednesday said that it is discussing a comprehensive resolution plan with its lenders in a bid to put the ailing airlines back on track. “The said resolution plan, inter alia, contemplates various options on the debt-equity mix, proportion of equity infusion...