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Adani Ports and Special Economic Zone Ltd’s (APSEZ) net profit fell 38.10 per cent to Rs 614.23 crore in the July-September quarter of this fiscal against Rs 992.37 crore in the second quarter of FY18 as the company booked a higher mark to market...

SpiceJet has joined the club of three listed airlines to receive a ratings downgrade this month as fuel price hike along with rupee depreciation continue to put pressure on profits as airlines are unable to increase fares amid stiff competition. Crisil has downgraded its...

Alliance Air, the wholly owned subsidiary of Air India, is introducing a daily direct flight from Hyderabad to Bengaluru via Kolhapur with effect from November 1, 2018. The daily flight from Hyderabad to Bengaluru via Kolhapur will operate with an ATR 72 aircraft. Flight...

Private carrier Jet Airways on Monday said it has cancelled its proposed deal with TruJet for wet leasing of some of its regional jets over the latter’s failure to meet with the deadline on terms of agreement. Earlier in the day, a source had...

In what could mark the start of intense competition among four container terminals located across three ports (Chennai, Kamarajar and Kattupalli) within a distance of 30 km near Chennai, container vessel Leonidio of the global shipping line Maersk berthed, for the first time, at...

Tezu airport in Arunachal Pradesh, Kishengarh in Rajasthan, Keshod in Gujarat and Durgapur in West Bengal will figure on the air map when domestic airline companies introduce the winter schedule on October 28. The addition of these four airports will see the total number...

Cash-strapped national carrier Air India has abandoned plans to sell its iconic 23-storey tower at Nariman Point in Mumbai to Jawaharlal Nehru Port Trust (JNPT) to raise funds. “That matter is closed now,” a government official briefed on the development said. “The board of...

GMR Hyderabad International Airport Ltd (GHIAL) Tuesday said it launched South India’s first Airport Radio under its signature “#PassengerIsPrime” programme at Rajiv Gandhi International Airport here. According to a press release by GHIAL, Mirchi Airport Radio is a 24x7 custom-produced, exclusive airport radio, creating...

Konkan Railway Corporation Ltd is planning to complete the construction of 10 new stations, including two in Karnataka, by December 2019. It is constructing new railway stations at Indapur, Goregoan Road, Sape Wamane, Kalbani, Kadwai, Verawali, Kharepatan, Achirne, Mirjan and Innanje, and eight loop...

Railways is preparing to ferry around 16 crore passengers in the next 30 days to clear the festival rush, an official of the railway board said. This will include about 10 lakh additional passengers to be carried by trains which were introduced last year...