Aviat Financial News
11.12 / 13:35
Aviat
Govt says 10 probes, enquiries ongoing against DGCA officials for alleged corruption, misconduct
Directorate General of Civil Aviation (DGCA) for alleged corruption and misconduct. Ten investigations/enquiries against DGCA officials are presently ongoing, Minister of State for Civil Aviation VK Singh said in a written reply to the Rajya Sabha.
11.12 / 08:57
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Biogen
Keppel and AM Green to explore sustainable fuel production in South-east Asia, Middle East
Keppel Corporation’s infrastructure division and AM Green, which is wholly owned by the founders of Hyderabad-based Greenko, have decided to jointly explore opportunities in producing biogenic carbon-based sustainable fuels in South-east Asia and the Middle East. These sustainable fuels can serve as an environmentally sustainable alternative to fossil fuels to support the decarbonisation of heavy industrial operations and the aviation sector. The companies estimate that these two regions can harness and aggregate at least a million tonnes of biogenic carbon dioxide per year.
11.12 / 08:13
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2020
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What is carbon capture and why does it keep coming up at COP28?
The future of fossil fuels that are warming the planet are at the core of negotiations at the United Nations climate summit in Dubai
09.12 / 19:15
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DGCA plans to come out with framework on gender issues early next year
Directorate General of Civil Aviation (DGCA) plans to come out with a framework early next year on what could be done to address gender issues, a top official said on Saturday. Speaking at an event here, DGCA chief Vikram Dev Dutt said the issue of gender has been debated at the regulator informally.
09.12 / 13:29
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Aviation regulator wants more women officers in sector
NEW DELHI : India’s civil aviation regulator is formulating a framework to encourage more women to join the aviation sector. Although the domestic sector boasts among the highest number of women pilots globally, the gender disparity is still alarmingly stark. Director General of Civil Aviation Vikram Dev Dutt is working on a plan to address gender disparities and foster inclusivity in the aviation sector, as well as challenges faced by women staffers.
07.12 / 11:23
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SpiceJet shares locked in 20% upper circuit limit on fundraising plans
SpiceJet shares were locked in the 20% upper circuit limit at ₹52.29 apiece in today's trade. This is also the stock's new 52-week high. The significant uptick was driven by the company's announcement of plans to raise fresh funds to settle its dues.
07.12 / 11:23
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Manufacturing
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India taps Nigeria, Argentina, Philippines to sell multi-role fighter jets
Hindustan Aeronautics Ltd. is in talks with at least three countries to export its homemade multi-role fighter jets as Prime Minister Narendra Modi seeks to more than triple the South Asian nation’s overseas defense sales. Discussions with Nigeria, Philippines and Argentina to export the Tejas fighter jets are progressing, C.
07.12 / 11:23
Reuters
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fall
Crude oil prices decline: How it will impact the equity market, reasons for the fall, sectors to be affected and more
Brent crude futures rose 27 cents, or 0.4%, to $74.56 a barrel by 0613 GMT on December 7. US West Texas Intermediate crude futures rose 24 cents, also 0.4%, to $69.62 a barrel, according to a report by Reuters. Oil prices settled on December 6 at the lowest level since June, falling around USD 25 from their September highs amid concerns over oversupply and weaker demand.
07.12 / 08:39
Booking
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Number of air passengers has gone up from 6 crore in 2014 to 14.5 crore now: Scindia in Lok Sabha
Civil Aviation Minister Jyotiraditya Scindia on Thursday said the number of air passengers has gone up from six crore in 2014 to 14.5 crore at present and added that airfares are competitive with the railway AC first class fares. The minister was asked about rising airfares during the Question Hour in the Lok Sabha. Scindia said that the civil aviation sector is a deregulated sector and despite the impact of the COVID-19 pandemic and rising jet fuel cost, airfares have not increased in the same proportion.
07.12 / 03:33
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Discover
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Explained: what are the EU's landmark AI rules?
artificial intelligence (AI) looked set for a dramatic climax on Wednesday, as lawmakers enter what some hope will be the final round of discussions on the landmark legislation. What is decided could become the blueprint for other governments as countries seek to craft rules for their own AI industry.
07.12 / 00:23
06.12 / 18:03
06.12 / 17:13
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Department
The US is poised to require foreign aircraft-repair shops to test workers for drugs and alcohol
The federal government will propose to require drug and alcohol testing for employees of foreign aircraft-repair shops outside the United States
06.12 / 12:37
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International
International Civil Aviation Day 2023: Wishes, images, messages and quotes to share
International Civil Aviation Day is observed every year on December 7 to raise awareness about the significance of international civil aviation in the social and economic development of countries. This day was first celebrated on 7 December 1994 to mark the 50th year of the signing the Convention on International Civil Aviation. The special day also highlights the essential role of the International Civil Aviation Organization (ICAO) in promoting cooperation among nations and establishing a global transit network for the benefit of all. To mark ICAO anniversaries, the ICAO Council selects a special theme for International Civil Aviation Day. The theme for this year is «Advancing Innovation for Global Aviation Development.» Today, the International Civil Aviation network now carries over four billion passengers annually. This global air transport sector plays a crucial role in supporting 65.5 million jobs while over 10 million individuals work in the industry, according to United Nations data.
06.12 / 11:33
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India will become the most exciting market for global aviation: IATA DG Willie Walsh
global aviation, industry group International Air Transport Association (IATA) said. Willie Walsh, director general of IATA said that due to investments made by the Indian government on airport infrastructure, the potential of growth from the Indian market has increased manifold. IATA counts more than 300 airlines as members. “I think India is the market for the future.
06.12 / 11:05
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Rapid Rail from Ghaziabad to Noida Airport through Noida Extension, G-Noida approved: Here are details
Uttar Pradesh government has given the green light for a rapid rail corridor that will connect the Noida International Airport (NIA) with Delhi and other areas of the National Capital Region (NCR). The proposed route will extend from the Ghaziabad rapid rail station on the Delhi-Meerut line. While this development is a step forward in establishing connectivity for the new airport, it is important to note that it is a long-term plan.
06.12 / 03:49
Aviat
Airlines
Boeing
SpiceJet flight diverted to Karachi due to medical emergency, passenger recovers after treatment
SpiceJet flight SG-15 made an emergency landing here around 9.30 pm on Tuesday and a passenger was given medical assistance. "The Boeing 737 aircraft was going from Ahmedabad to Dubai when a 27-year old passenger, Dharwal Darmesh, suffered a suspected heart attack and needed medical attention," a spokesperson of the Civil Aviation Authority (CAA) said here.
06.12 / 01:37
Digital
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Manufacturing
hospital
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Manipal Tech, India's largest banking & smart cards manufacturer, looks to raise Rs 1,000 cr
Manipal Technologies (MTL), the largest manufacturer of banking and smart cards in India, plans to bring in a financial partner into the eight-decade-old, Pai family-owned business at a valuation of around ₹4,000-4,200 crore ($500 million), multiple people aware of the initiative told ET. The Pai family is seeking to raise about ₹1,000 crore ($100-125 million) for the Manipal Group business that began as the back office of Syndicate Bank in 1941.
05.12 / 13:57
Provident
Aviat
Action
Airlines
EOS
stars
Contempt plea on non-maintenance of aircraft: HC asks Go First RP to file affidavit
Delhi High Court Tuesday asked the Resolution Professional (RP) of crisis-hit Go First to file an affidavit on a plea by a lessor seeking contempt action against him for allegedly not complying with the court order to allow inspection and maintenance of aircraft. Justice Tara Vitasta Ganju made it clear that the orders of the court are required to be complied with in letter and spirit failing which further orders would need to be passed. The high court said the main assets in this case are the aircraft, and if they are not maintained, it is a problem and detriment to everybody.
05.12 / 13:55
Citi
Provident
Target
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Strategy
awards
Bioenergy, exports to drive Praj Industries's earnings growth
Praj Industries Ltd’s investors find themselves in a sweet spot. After all, the shares have jumped by almost 67% in the past six months. The company aims to triple its revenue by FY30, it said in a recent analysts meeting.
05.12 / 10:35
Provident
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Enterprise
performer
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travelers
Improving travel, wedding season likely to boost performance of hotel companies
The optimism is based on a sustained improvement in several factors. One of the key sources of demand for hotel rooms is the wedding season.
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