Page 24 - Deepak Patel/workspace/business Standard Web/undefined

IATA is holding AGM in India after 42 years; PM Modi to address delegates

PM Modi will deliver keynote at IATA summit hosted by IndiGo in Delhi, with key discussions on industry growth, sustainability, innovation and India's aviation strategy

Perishables fuel Air India's cargo growth amid cold chain overhaul

Air India's perishables cargo rose 37% in two years as it expanded cold chain infrastructure, added tech tools, and grew flight capacity on key international routes

Will exit Turkish aircraft lease in three months, IndiGo tells DGCA

This comes amid the India-Turkey tension during Operation Sindoor

IndiGo to be 1st airline to commence operations from Navi Mumbai airport

IndiGo will launch services at Navi Mumbai airport with 18 flights to 15 cities and scale up to 200 air traffic movements a day by March 2026 including international flights

Not leaving India, will launch 3 models by early 2027, says Nissan

Vatsa said Nissan is sticking to its plan of launching three new models by early 2027

Three senior executives resign from Akasa Air amid leadership churn

Akasa Air's growth ambitions have been challenged in the last one year by delays in the delivery of its Boeing 737 MAX aircraft

Rakesh Gangwal may sell 3.4% in IndiGo for ₹6,831 crore via block deal

IndiGo co-founder Rakesh Gangwal to sell 3.4% stake via block deals as part of his long-term exit plan; total promoter stake now down to 13.53%

Heavy rainfall batters Delhi airport's T1 canopy; 49 flights diverted

Thunderstorm and 80 mm rain damage canopy at T1; no structural impact reported, but 49 flights diverted and over 650 delayed at India's busiest airport

IndiGo flight denied entry into Pakistan airspace amid hailstorm: DGCA

An IndiGo flight to Srinagar flew through a hailstorm after both the IAF and Pakistan's Lahore ATC denied deviation requests; DGCA has launched an investigation

IndiGo Q4 results: Profit rises 62% on Mahakumbh demand, cost controls

Q4 profit rises to Rs 3,068 crore as travel demand surges; IndiGo trims grounded fleet and adds capacity, set to launch long-haul service to Manchester in July

Strong hybrids and BEVs cater to distinct buyers, says HSBC report

HSBC report says BEVs and strong hybrids are not cannibalising sales in states with dual incentives; both segments are growing independently with new launches

Focusing on exports over domestic discounts, says Hyundai India COO

Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy

Hyundai Motor India Q4 results: Net profit down 3.8% at ₹1,614 crore

Carmaker says 8 cars will be launched in next 2 years

Mumbai airport appoints Indo Thai as interim handler after Celebi exit

After Celebi's security clearance was revoked, MIAL names Indo Thai as interim ground handler at Mumbai airport and will float a tender to appoint a permanent operator

EV biz to breakeven when monthly sales reach 25K units: Hero MotoCorp CFO

Hero MotoCorp aims to break even in its EV business by reaching 25,000-30,000 monthly unit sales, with FY25 sales up 175% and EBITDA improving to -95%

India revokes Çelebi's security clearance amid tensions with Türkiye

Çelebi, which employs more than 10,000 people in India, currently provides ground services at nine major airports across the country

MIAL drops plan to reduce passenger flight slots, halt cargo operations

Aviation ministry intervened after protest from airlines, cargo operators

Hero MotoCorp's net profit increases 16.9% to ₹4,376 crore in FY25

Export surge and electric scooter demand lift Hero MotoCorp's FY25 profit by 16.9 per cent to ₹4,376 crore, even as domestic sales show modest growth

Operation Sindoor: Over 300,000 flight tickets cancelled in 6 days

Besides cancellation of domestic flights between May 7 and May 12, the airlines have also been financially impacted by the closure of Pakistan airspace to Indian carriers' international flights

India reopens 32 airports after military de-escalation with Pakistan

Airports in major cities, such as Ambala, Amritsar, Bhuj, Bikaner, Chandigarh, Hindon, Jaisalmer, Jammu, Jamnagar, Jodhpur, Leh and Ludhiana, were shut since May 7