Aviat Financial News

India and the frameworks drafted during India's Presidency will help the world to address its challenges over the next decade, Union Minister Jyotiraditya M Scindia said. The G20 Leaders' Summit concluded under India's Presidency on September 10. «Under the leadership of PM Narendra Modi, it has been a historic G20 Presidency.

Jet Airways founder Naresh Goyal on Thursday sent to 14-day judicial custody in a ₹538 bank fraud case, news agency PTI reported. The Enforcement Directorate (ED) arrested Goyal on 1 September under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office in Mumbai.

InterGlobe Aviation Ltd. gained 1.11 per cent to Rs 2474.0 in Thursday's trade.

Reliance Industries: Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion. The discussions of India's largest retailer with investors are part of an internal target to raise $3.5 billion which the company wants to close by the end of this month, according to a report by news agency Reuters. Out of that, QIA last month announced a $1 billion investment and KKR & Co this week $250 million.

New Delhi: The Delhi high court on Wednesday issued notices to Go First’s Resolution Professional (RP) and the Directorate General of Civil Aviation (DGCA) in response to pleas filed by aircraft lessors regarding inadequate aircraft maintenance. BOC Aviation (Ireland) Ltd, ACG Aircraft Leasing Ireland, and DAE 13 Ireland Designated Activity Co. submitted new applications after discovering their parked aircraft in poor condition during inspections.

EU lawmakers have approved new rules requiring airlines to use more sustainable fuels across the bloc in a bid to help decarbonize the sector

Kempegowda International airport in Bengaluru which started operating international flights on Tuesday, is a 'terminal in the garden', reminding one of Singapore's Changi airport with its extravagant display of trees, plants and waterfalls. If the Bengaluru airport's Terminal-2 doesn't compete with Changi, it sure does take a 'leaf' out of it. The terminal fuses the ethnic with the futuristic and the aesthetic with the efficient amid a lush green design. The new 255,000 square metre terminal is designed and built on four key pillars and reflects Bengaluru's rich culture, history, its nature as the garden city and technology hub of India. Spread over four levels, the terminal is built for seamless departures and easy arrivals that are facilitated on different floors. The scale of T2 and the insightful design makes it a destination in itself.

IndiGo operator Interglobe Aviation has been allowed to wet-lease 11 A320 aircraft, CNBC-TV18 reported on Wednesday, citing sources at the Directorate General of Civil Aviation. This comes amid IndiGo grounding nearly 40 planes due to a Pratt & Whitney engine issue, the report said.

New Delhi: The Delhi high court on Wednesday issued notice to the resolution professional of Go First and the Director General of Civil Aviation (DGCA) on a plea filed by the airline's aircraft lessor BOC Aviation (Ireland) Ltd. The lessor sought further direction from the court on the inspection report submitted by them in the court. The court also noted that assets are valuable and “can't go like that".

Viva Energy shares have collapsed nearly 10 per cent this week, after Dutch oil trading giant Vitol sold a 16 per cent stake in the Australian company which supplies a quarter of the nation’s fuel.

Oil trading giant Vitol launched a $714 million block trade in Viva Energy – worth 16.1 per cent of the company – after market close on Tuesday evening, as revealed by Street Talk.

Ryanair Holdings chief executive officer Michael O’Leary blasted Italy’s new cap on airfares as “illegal” and impossible to comprehend, threatening to scale back some of the discount carrier’s flights on popular domestic routes if the government holds onto the measure.

Household products and personal care sector can generate up to an additional USD 62 billion in annual business value by 2030 if it makes nature a central focus of its operations, a new research by the World Economic Forum (WEF) said on Tuesday. The projection is part of a broader USD 10.1-trillion business opportunity that could be unlocked by 2030 if more nature-positive solutions are embraced by the private sector, the WEF said. By emphasising on water stewardship, responsible sourcing, nature conservation, and circularity, household products and personal care sector can reshape its role in halting and reversing nature loss by 2030, the research titled Nature Positive: Role of the Household and Personal Care said. The sector currently generates around USD 700 billion in annual revenue, but sometimes at the expense of the environment. For instance, the cosmetics industry alone produces 120 billion packaging units a year.

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MONTREAL — Passengers aren’t the only ones feeling cramped these days.

Sufiya Sufi's incredible journey from a baggage handling officer at the IGI airport in Delhi to a world-renowned ultra-runner is a testament to determination and resilience. Sufiya, who has earned five Guinness World records, including a remarkable 4,000 km run from Kashmir to Kanyakumari in just 87 days, has defied all odds to achieve her dreams. For Sufiya, running is more than just a sport; it's a form of therapy that allows her to shed the burdens of everyday life.

crude oil production by 10 lakh barrels until December 2023. "In this backdrop, Indian refiners which are the key beneficiaries of cheaper Russian crude should still be able to clock GRMs of around $9-10/bbl in FY24 as the likely decline in their margins on processing Brent crude is expected to be offset by the significant expansion in margins on processing Russian crude which can even balance out the potential decline in supply of Russian crude in the near term. Also, with the onset of winter in Western countries, cracks for refined products are expected to improve from the existing levels, further helping the GRMs of Indian refiners," said CareEdge Ratings in its report.

Q: At Adobe’s Best of SUMMIT event, we discussed how experience-led growth is foundational to the success of every business. As an Adobe partner, can you share your perspective on how digital transformation is evolving as an area of priority for businesses today? Harpinder Singh: I strongly believe that to transform in the true sense, an organisation must understand the pulse of its business, ecosystem, and customers. The process of redesigning of customer journeys, products, services, and business models across the organisation can be successful only if the whole purpose of transformation is mapped directly to the creation of value.

HANOI (Reuters) — Vietnam's VietJet said on Tuesday it will take delivery of up to 12 737 MAX jets next year, out of 200 planes it has ordered with Boeing (NYSE:BA).

Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. 

space sector to attract overseas players, a top official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. «There is tremendous scope for collaboration… such as in artificial intelligence, robotics, cyber security, automation and space, where we are looking to further liberalise our foreign direct investment norms to bring in private sector and foreign investment in our space sector,» Singh said at the India-Saudi Arabia investment forum meet here. Presently FDI in space sector is allowed up to 100 per cent in the area of satellites establishment and operations through government route only. He added that several Saudi Arabian companies have invested in Indian wind and solar energy sectors. «We look forward for collaboratively working with you,» he said, adding there is also tremendous scope for collaboration between Saudi Arabian military industry and make in India campaign, which can enable «us to work» on joint collaboration on defence projects of mutual interest. The secretary sought investments in areas such as bulk drug parks and food processing sector. As India is the home of several agro-tech startups, huge potential is there to increase collaboration, he added. On trade front, he said that the bilateral trade between the two countries has reached USD 52.8 billion in 2022-23.