Only a few global fleet owners are dismantling their end-of-life ships at green ship recycling facilities in Alang, Gujarat, rendering many under-utilised, amidst intense competition that has nixed the price advantage yard owners had hoped to get when they invested in the upgrade some...

Late on Friday Tata Sons partly confirmed that discussions with Jet Airways have been preliminary and no proposal has been made. This broke weeks of silence which both parties have maintained since the story on Tata Sons looking to take a stake in Jet...

National carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said on Thursday. This fresh bid is a part of the airline’s real estate assets monetisation plan...

Tata Sons Ltd is in pursuit of a controlling stake of debt-laden Jet Airways Ltd, a purchase which could transform India's largest conglomerate from airline fringe player into the country's dominant, full-service international carrier. Tata is weighing up the economic viability of a deal...

Captain Amitabh Singh, Executive Director (Training), Air India, will hold additional charge as Director Operations of the national carrier. Captain Singh replaces Captain Arvind Kathpalia who has been suspended for three years for failing a breath analyser test on November 11 before operating the...

Workers of the state-run Dredging Corporation of India Ltd (DCI), who waged a successful struggle for months against its privatisation, will likely have walked into a trap, with the Union Cabinet last week clearing the sale of the Centre’s 73.44 per cent stake in...

RITES Ltd has started leasing locomotives to construction major L&T, which uses them to haul material for building the dedicated rail freight corridor. RITES, the only player in the wet leasing space, offers train engines with drivers and maintenance. RITES, a government-owned publicly listed...

Hit by higher fuel costs and a plunging rupee, Jet Airways posted a net loss of ₹1,261 crore on a consolidated basis for the quarter ended September 30, against a net profit of ₹71 crore recorded in the same period of the previous financial...

Increase in consultancy and turnkey business has helped RITES Ltd, an Indian Railways’ public sector enterprise focused on transport consulting and engineering, post a net profit of ₹ 117 crore for quarter ended September 30, 2018 up 59 per cent year on year. It...

Jet Airways confirmed on Tuesday that it is in talks with multiple parties for a stake sale in JetPrivilege Private Limited (JPPL) and fresh equity infusion into the company. JPPL is an associate company of Jet Airways (India) Ltd, set up with the purpose...