Aviat Financial News

Tiruchirappalliand dedicated multiple development projects worth more than ₹20,000 crore, including Tiruchirappalli International Airport new terminal, related to the aviation, rail, road, oil, and gas, shipping, and higher education sectors. Governor RN Ravi and CM MK Stalin were also present at the event. He was felicitated by Civil Aviation Minister Jyotiraditya Scindia and CM MK Stalin during the public program in Tiruchirappalli, Tamil Nadu.

₹2,300 per tonne, effective Tuesday.For the past two weeks, the levy -- Special Additional Excise Duty (SAED) -- on domestic crude oil was at ₹1,300 per tonne.The ministry, through a notification, has brought down the additional excise duty on the export of diesel and aviation turbine fuel to zero.The increase in the windfall tax on the sale of locally produced crude oil comes at a time when the price of crude oil has largely been steady. On Friday, 29 December, the March contract of Brent on the Intercontinental Exchange closed at $77.49 per barrel, against $76.55 on 15 December.

Tesla deliveries to hit record, but fall short of Elon Musk’s aspirations Volkswagen said on Monday it "is in the process of confirming eligibility for a federal EV tax credit for vehicles" after Jan. 1.

crude oil while reducing the tax on diesel and aviation turbine fuel, according to a government notification. The government hiked the windfall tax on petroleum crude oil to ₹2,300 ($27.63) a ton from ₹1,300, it said.

NEW DELHI : Domestic air traffic reached its highest monthly record in December, and is expected to soar past pre-covid levels with more people in India opting to travel by air even as fares increase. About 13.8 million passengers travelled by air in December, as per a back-of-the-envelope calculation based on daily domestic air traffic data shared by the civil aviation ministry. That beats the earlier high of 13.2 million passengers recorded in May.

Commercial Pilot Licences (CPLs) issued by the Directorate General of Civil Aviation (DGCA) jumped 39 per cent year-on-year to 1,622 in 2023, with women's share going up 22.5 per cent, an official release said on Monday. The DGCA had issued 1,165 CPLs during the year ended December 31, 2022, as per the release.

BSE Midcap index, and BSE Smallcap index surged to new all-time highs. Sensex opened 22 points lower at 72,218.39 and traded in the negative territory for the most part of the day. However, the index touched its fresh all-time high of 72561.91 during the session.

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTS DATE OF LAUNCH 28 APRIL 2014 CATEGORY EQUITY TYPE FLEXI CAP AUM* Rs.8,593 crore BENCHMARK NIFTY 500 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.43.81 IDCW** Rs.28.49 MINIMUM INVESTMENT Rs.500 MINIMUM SIP AMOUNT Rs.500 EXPENSE RATIO# (%) 1.77 EXIT LOAD 1% for redemption within 15 days *AS ON 30 NOV 2023 **AS ON 26 DEC 2023 #AS ON 30 NOV 2023 FUND MANAGER RAKESH SHETTY (left)/NIKET SHAH 1 YEARS/1 YEARS, 4 MONTHS Recent portfolio changes New entrants Bajaj Finserv, BSE, Navin Fluorine International (Oct). Complete exits Interglobe Aviation, Max Healthcare Institute (Oct).

2030 as one of the world’s strongest economies and its stature elevating on the world stage, this truly is India’s aviation decade. With international journeys poised to triple by 2030, strong domestic demand and new airports coming up, India is becoming a travel powerhouse.

The growth rate of international traffic at Indian airports has surpassed that of domestic air traffic, as Indians increasingly opt for foreign trips on the back of improved connectivity and relaxed visa norms. A low base effect and more flights available for international travel have also contributed to this trend. As per data from the Airports Authority of India, international passenger traffic handled at Indian airports this fiscal year (April to November) jumped 25.3% year-on-year (y-o-y).

airports and more aircraft, including A350s, are ready to carry them in expanding routes in 2024 even as the fate of two bankrupt airlines remain uncertain. A slew of airports and terminal building inaugurations and revised norms to address pilot fatigue issue will also happen in the new year.

Modi will visit Tamil Nadu and Lakshadweep on January 2 and 3 during which he will inaugurate and lay the foundation stone of multiple development projects, his office said on Sunday. On January 2, Modi will reach Tiruchirappalli in Tamil Nadu and will be the chief guest at the 38th Convocation Ceremony of Bharathidasan University, a statement issued by the Prime Minister's Office (PMO) said. At a public programme in Tiruchirappalli, the prime minister will lay the foundation stone of multiple development projects worth more than Rs 19,850 crore related to aviation, rail, road, oil and gas, shipping and higher education sectors. Modi will then reach Agatti in Lakshadweep where he will address a public function. On January 3, the prime minister will reach Kavaratti in Lakshadweep, where he will lay the foundation stone of multiple development projects in Lakshadweep related to sectors such as telecommunications, drinking water, solar power and health. At the programme in Tiruchirappalli, he will inaugurate the New Terminal Building at Tiruchirappalli International Airport. Developed at a cost of more than Rs 1,100 crore, the two-level new international terminal building has the capacity to serve more than 44 lakh passengers annually and about 3,500 passengers during peak hours, the statement said. Modi will dedicate to the nation multiple railway projects, including doubling of rail line section of 160 Km from Madurai-?Tuticorin and three projects for rail line electrification. The rail projects will help in improving the rail capacity to carry freight and passengers and contribute to economic development and employment generation in Tamil Nadu, the statement said. Modi will also dedicate to the nation five road

By David Shepardson

Boeing is asking airlines to inspect its 737 Max jets for a potential loose bolt in the rudder control system, the airplane maker and Federal Aviation Administration confirmed this week

Air India Express on Friday said it will start direct flights connecting Ayodhya with Bengaluru and Kolkata from January 17. Earlier this month, the airline announced direct flight between Ayodhya and Delhi.

Ayodhya is all geared up for Prime Minister Narendra Modi's visit on December 30, with the city being decked up with flowers, murals and thematic ornamental columns amid heavy security deployment in the temple town. Divisional Commissioner of Ayodhya, Gaurav Dayal said preparations are in full swing for the visit and despite dense fog in the city in the last two days, all arrangements are on course. Modi will visit the town on Saturday to inaugurate the redeveloped Ayodhya railway station and a new airport.

From Bharat Forge to Indigo to the Raymond Group to Religare Enterprises, several big businesses got embroiled in disputes in 2023, underlining the need for a clear succession plan, firewalling companies from relationship troubles and better stakeholder scrutiny. The year 2023 highlighted that as India's corporate sector matures and women in top roles assert themselves more, it needs to devise better ways to face a new future.

flight operations at the Delhi airport in the last few days, Civil Aviation Minister Jyotiraditya Scindia on Friday said the ministry is coordinating with the airport and airlines, and putting in place measures to deal with the issue. Terming the fog issue as a «transitory phenomenon», the minister in an interview to PTI also said this year the situation has been slightly unprecedented in terms of the density of fog.

Civil aviation minister Jyotiraditya Scindia on Friday said tomorrow will be a historic day for the country with the inauguration of the Ayodhya airport, which will be expanded hugely in the second phase by augmenting overall area and increasing the runway length. The Ayodhya airport, which will be inaugurated by Prime Minister Narendra Modi on Saturday, is built over an area of 6,500 square metres. In an interview to PTI, Scindia said the connectivity from the Ayodhya airport will only grow in the days to come.

air traffic operations, all four runways at Delhi's Indira Gandhi International Airport are expected to become operational in the first week of January 2024. As per official sources, the re-carpeting of Runway 28/10 has nearly concluded, with pending checks by the Directorate General of Civil Aviation (DGCA) which is likely to take over the weekend. «The final check by DGCA is pending and will likely be done by this week. After the go-ahead by DGCA, the runway will be operational.

Plane manufacturing giant Boeing (NYSE:BA) has urged airlines to inspect more recent 737 MAX aircraft for a possible loose bolt in the rudder control system, the Federal Aviation Administration (FAA) said.