SpiceJet has entered into a settlement agreement with Nordic Aviation Capital (NAC), a major lessor for its Q400 aircraft. In a statement, the airline said the agreement settles all past liabilities for the Q400s leased by NAC to SpiceJet. The airline presently operates five Q400 aircraft from NAC in its fleet. Separately, the airline will […]
Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands. Considering that the proportion of global EV production is set to increase from 8 per cent this year to 34 per cent in 2030, the […]
Air India, a Tata Group-owned global airline, on Tuesday signed purchase agreements to acquire 470 aircraft from Airbus and Boeing, going one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year. The purchase agreements were signed on the sidelines of the ongoing Paris […]
Reliance Industries is India’s most valuable company and is also the highest taxpayer and most profitable company, according to ‘2022 Burgundy Private Hurun India 500’ list. Burgundy Private, Axis Bank’s Private Banking Business and Hurun India have released the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list, which ranks […]
Civil aviation fleet in India has risen 75 per cent since 2013-14 to about 700 and is likely to rise towards 1500-2000 in the next half a decade, said Union civil aviation minister Jyotiraditya Scindia a day after Indigo announced the 500 aircraft mega deal with Airbus. “Capability of the Indian civil aviation sector is […]
Cantabil Retail India, an apparel manufacturer and retailer, has recently opened its fifth retail store with a new look, in Dehradun. The store also features a variety of accessories, including new luggage, perfumes, and flip-flops. Featuring a white and grey aesthetic theme, the interior of the store has been redesigned with new fixtures and lighting. […]
Indian airline IndiGo’s board has approved an order for 500 Airbus A320 family aircraft, making it the biggest order in its history, an official said on Monday. The purchase agreement was signed on J19 June at the Paris Air Show 2023 in the presence of Chairman of the Board of IndiGo V Sumantran, CEO of […]
Vedanta has announced its plans to invest USD 1.7 billion in the current financial year to expand its business operations. Chairman Anil Agarwal shared this information in the company’s Annual Report for the financial year 2022-23. The company has already invested USD 1.2 billion in growth capital expenditure during the same period to enhance its […]
AJIO on Monday informed its flagship sale event ‘Big Bold Sale’ (BBS) 2023 was its biggest-ever edition so far. An integral part of Reliance Retail, AJIO is an online fashion retailer. From waiting eagerly for the sale to kick off at midnight to grabbing steal deals across their favourite products, customers loved the collection and […]
Hindustan Petroleum Corporation (HPCL), which is enhancing its footprints in the natural gas market, on Monday said it has secured a major long-term contract from ONGC Petro additions Ltd (OPaL) for the supply of natural gas. HPCL will supply natural gas to ONGC Petro additions Ltd’s petrochemical complex at Dahej in Gujarat. OPaL, a joint […]
