Page 8 - Arindam Majumder

How 9/11 attack and coronavirus pandemic hit civil aviation industry

In late 2001, after the Twin Towers fell, the aviation industry experienced many of the problems it is seeing now. Airlines bled

13 airports get approval for privatisation through clubbing model

AAI board okays merging major airports with smaller ones to attract investors

Ready for take-off: Jet Airways plans to resume service by early 2022

Jet 2.0 has also given a firm plan to Airport Authority of India (AAI) and private airport operators to restart operations with 20 aircraft

Automobile sales skid on chip shortage; dealers stare at supply crunch

Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month

Jhunjhunwala-backed Akasa hires former IndiGo executive Ankur Goel as CFO

The airline is reportedly in final negotiations with aircraft manufacturer Boeing for an order of up to 100 737 Max jets

Maruti Suzuki to slash output in September by 60% over chip shortage

Closure of Bosch plant in Malaysia hurt production in September

Maruti Suzuki to hike prices across models from Sept; stock rises 2.9%

The hike could be steeper than last three rounds, pushed by an exponential increase in prices of raw materials such as steel and copper, analysts said

Eye on India's IPO map: MapMyIndia plans to go public, raise Rs 1,200 crore

India's first home-grown mapping company is looking to list in the public market at a Rs 6,000-crore valuation

Cleared for take-off: New rules kick in for operating drones in India

The rules will replace the Unmanned Aircraft System Rules, 2021, which came into effect in March this year

India allows Boeing 737 MAX aircraft to fly 30 months after global ban

SpiceJet plans to bring the aircraft back in service by Sep-end

R C Bhargava, Venu Srinivasan face off with govt on auto GST rate

Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years

DGCA to make drug test a must for pilots, air traffic controllers

Draft proposal: Violation to invite three years of suspension to permanent cancellation of licence

Fearing conflict, govt agrees to Air India employees' main demands

It has agreed to bear the cost of liquidation loss on account of transfer to EPFO from company-owned trusts, inclusion of employees in the central government health scheme, and encashment of leaves

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

Salaries rise for promoters of auto firms even as business faces headwinds

Experts suggest that promoter executives should take compensation as dividend to share risk and reward of the business with other shareholders

CCI slaps fine of Rs 200 crore on Maruti Suzuki over dealer discount policy

During the probe, Maruti - which has more than 50 per cent share of India's car market - told the regulator that it imposed no such policy and that the dealers were free to offer any discounts

Eicher Board to meet over MD's salary as shareholders reject re-appointment

Siddharth Lal's total salary increased from Rs 9.2 crore in 2016-17 to Rs 21.12 crore in 2020-21, a jump of about 130 per cent.

HC grants SpiceJet relief against recovery proceedings by GST authorities

GST authorities had asked SpiceJet to pay tax liabilities of Rs 80.6 crore and furnish details of properties.

Honda to launch made-in-India SUV by 2023, size and pricing not disclosed

Despite Amaze's popularity, Honda feels customer preference has shifted to SUVs

Hero ready to use its cash balance to take on Ola's e-two-wheeler foray

The company will launch its first electric scooter in March 2022