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...

Self-drive car rental start-up Zoomcar India Pvt. Ltd has posted a 10 per cent increase in loss at ₹116 crore during the year ended March 31, 2018, as against ₹105 crore in the year ago period. While the company was able to contain its...

Chowdhary family-promoted Titagarh Wagons, the flagship company of the Titagarh Group, is eyeing a turnaround of its European operations, thanks to improved market conditions and an entry into new markets. It expects the turnaround to happen in phases, most likely by FY21. According to...

The Railways is hopeful of achieving freight loading target for the current fiscal, according to officials. Till December, it has already loaded an extra 46 million tonnes (MT) cargo. The annual target for the year is an incremental 56 MT. Majority of the incremental...

ICRA has downgraded the debt-laden Jet Airways again. This is the fourth time that the ratings have been downgraded in less than two years. ICRA in its report mentioned that the rating was downgraded considering delays in the implementation of the proposed liquidity initiatives...

Kerala has become the first state in India to have four international airports with the inauguration of the Kannur airport on Sunday. Civil Aviation Minister Suresh Prabhu and Kerala’s Chief Minister Pinarayi Vijayan jointly flagged off the inaugural Air India Express flight, carrying 186...

The Kolkata Port Trust on Sunday received second cape size dry bulk cargo vessel at Sandheads, a senior KoPT official said. “This is the first time that the entire 1.65 lakh tonne cargo in this voyage is meant for Haldia. This vessel will offload...

The Great Eastern Shipping Co Ltd will spend as much as $50 million over the next four years to refurbish its fleet to comply with new regulations framed by the International Maritime Organisation (IMO) on using low sulphur bunker fuels and ballast water treatment...

In a first, the Indian Railways has converted a diesel locomotive into an electric one, as part of its efforts to completely electrify the broad gauge network. The conversion has also enhanced the power of the locomotive from 2600 horsepower (hp) to 5000 horsepower....