Top Headlines: India airspace coordination, blockbuster M&As, and more

Business Standard brings you the top headlines at this hour

India's civil aviation sector set to expand to up to 70% of airspace, despite the volatility in global markets, Indian M&A's buzzing with blockbuster deals, and more in our top headlines this morning:

 

Friendly gains: Airspace coordination in India helps airlines save big

Coordination between defence and civilian authorities has freed up airspace for commercial airlines in India, resulting in routes becoming shorter and costs coming down, apart from mitigating pollution. “Due to various restrictions of the military, only about 58 per cent of the Indian airspace was being utilised. It is close to 70 per cent now,” said an official