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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...

ICRA rating agency expects the toll collections to witness a high single-digit growth in FY19, followed by a double-digit growth in FY20, due to the strong growth in sales of medium and heavy commercial vehicles and the increase in Wholesale Price Index (WPI). In...

The government is spending more than Rs 20,000 crore to rectify accident prone black spots on roads across the country in order to reduce fatalities in such incidents, Union Minister Nitin Gadkari said on Friday. Speaking here at the launch of a research report...

Commerce and Industry Minister Suresh Prabhu on Friday pitched for developing special lanes for cyclists in cities, saying use of bicycles has multiple benefits for environment and health. “In city planning, there is a need to focus on cyclists. We must have special lanes...

As a part of its ongoing expansion project, GMR-led Rajiv Gandhi International Airport here has commissioned 26 new parking stands. These have come up towards the east of the passenger terminal building. With the addition of these stands, the airport now has 83 parking...

Cash-strapped Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, according to a document seen by Reuters. Jet met with lenders, lessors and vendors in...

Bangalore International Airport Ltd (BIAL), operator of Kempegowda International Airport-Bengaluru, plans to achieve financial closure for its ₹13,000 crore second-phase expansion plan by January-end. “The company is going in for debt-equity in the ratio of 80:20. For the debt component, we are getting commitments...