After the Tata Group’s acquisition of Air India, the public sector firm New India Assurance has lost its title as the airline’s “lead insurer,” with the title now transferred to an insurance firm within the conglomerate. The public company had been the leading insurer of Air India for decades, but Tata AIG General Insurance firm […]
Go First has cancelled all its flights until May 19 this year, citing operational reasons. Earlier, the cancellations were till May 12. “We regret to inform that due to operational reasons, Go First flights scheduled till 19th May 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations.” The airline said […]
Adani Ports and Special Economic Zone (APSEZ), a subsidiary of the Adani Group, announced on Tuesday that it would pay USD 130 million of its debt early, after roughly USD 413 million worth of debt had been tendered for early payment. In an effort to boost investors’ confidence after the conglomerate’s stock price plummeted early […]
India’s logistics sector has emerged as a market differentiator, with an increasing emphasis on efficiency and visibility within the supply chain. Recently, India made significant progress on the World Bank’s Logistics Performance Index (LPI) in 2023, climbing six places to reach the 38th position among 139 countries. “India’s impressive six-spot jump in the World Bank’s […]
Amid Go First’s bankruptcy declaration, airfares may increase by 10-15 per cent on routes where the airline had a strong presence, forcing travellers who had booked flights to destinations such as Srinagar, Goa, Leh and Phuket to reconsider their itineraries. Notably, Airfares are already experiencing a spike due to the summer travel season in India. […]
In view of the prevailing violence in Manipur, a full fee waiver on rescheduling or cancellation of tickets for all flights to or from the northeastern state has been extended by Air India till Monday. The airline started to offer these concessions on May 4. Several state governments, including those in the country’s northeastern part, […]
Indian logistics services provider Blue Dart Express reported a drop in profit for the second quarter in a row on Friday on continued pressure from higher expenses. The Deutsche Post-controlled company’s consolidated net profit fell over 49 per cent to Rs 69440 crore in the fourth quarter. Blue Dart’s revenue rose over 4 per cent […]
Go First cancelled all flights until May 12 due to operational reasons, the airline said in a statement on Friday. “We regret to inform you that due to operational reasons, Go First flights scheduled till May 12, 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations. A full refund will […]
Adani Ports and Special Economic Zone (APSEZ) said in an regulatory filing on Thursday that it has completed the sale of its Myanmar port Coastal International Terminals Pte for USD 30 million. In May 2022, APSEZ declared that it had signed a Share Purchase Agreement (SPA) for the sale of its Myanmar port. This decision […]
Adani Ports and Special Economic Zone (APSEZ) handled 32.3 million tonnes of total cargo in April 2023, a yearly growth of 12.8 per cent. According to the company, the growth in cargo volumes was supported by dry cargo volumes, which increased by 9 per cent (iron ore by 64 per cent, non-coking coal by 22 […]
