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Aviation shares up as RBI extends ECB borrowing window

Aviation shares up as RBI extends ECB borrowing window

Aviation sector stocks edged higher by 2-5 per cent in morning trade on the BSE after the Reserve Bank extended ECB borrowing window for airlines till March 2015. The Reserve…

Airbus awards contract to Dynamatic Technologies

Airbus awards contract to Dynamatic Technologies

Dynamatic Technologies said it has been awarded a significant aero structures contract by Airbus for the supply of flap track beams for the Airbus long range aircraft (A330 Family) variants.…

CCI rejects abuse of dominant position charges against Nissan

CCI rejects abuse of dominant position charges against Nissan

The Competition Commission has rejected allegations that auto-maker Nissan Motors India abused its dominant market position with respect to sales and services of its cars in Ludhiana, Punjab. A complaint…

Wipro, Tata Power among world’s most ethical firms

Wipro, Tata Power among world’s most ethical firms

Wipro and Tata Power are among the world’s most ethical companies, according to American think tank Ethisphere Institute. Wipro and Tata Power are the only Indian entities named in the…

SpiceJet tops on-time performance in Feb

SpiceJet tops on-time performance in Feb

The second largest low-cost airline SpiceJet said it has been ranked as the best airline in terms of on-time performance in February, as per DGCA data. The airline notched an…

AAI launches EDC payment facility at Begumpet airport

AAI launches EDC payment facility at Begumpet airport

The Airports Authority of India (AAI) rolled out an EDC payment facility for non- scheduled operators at the Begumpet Airport here. The GPRS-enabled Electronic Data Capture (EDC) facility was launched…

Mercedes starts local assembly of S-Class in India

Mercedes starts local assembly of S-Class in India

German luxury car maker Mercedes Benz on Thursday announced commencement of assembly of the S-Class sedan in India and has slashed the car’s price by Rs. 18 lakh to enhance…

FAA downgrade to hit domestic aircraft chartering biz: BAOA

FAA downgrade to hit domestic aircraft chartering biz: BAOA

Downgrading of India’s aviation safety ratings by the Federal Aviation Administration (FAA) may impact domestic aircraft chartering business in the long run, a senior official of Business Aircraft Operator’s Association…

L&T awarded Rs 1,550 crore road project in Oman

L&T awarded Rs 1,550 crore road project in Oman

Engineering and construction giant Larsen & Toubro (L&T) has won a Rs 1,550 crore road project in Oman, the company said. “The Transportation Infrastructure Business of L&T has bagged a…

SpiceJet slashes fares under its ‘Super Summer Sale’

SpiceJet slashes fares under its ‘Super Summer Sale’

In yet another bonanza to air travellers at the onset of the summer season, budget carrier SpiceJet reduced its fares by up to a whopping 75 percent under a special…