Page 1434 - Company News

Indian Oil Corp plans green jet fuel plant worth $10 bn to meet demand

The International Civil Aviation Organization last year adopted a target to cut emissions to net zero by 2050, and SAF has long been seen as the industry's fastest way to reduce emissions

Go First owner Wadia Group has no plans to sell its stake in airlines: CEO

By Tanvi Mehta, Chris Thomas and Dhanya Skariachan

Times Group owners initiate talks with financiers as firm's partition looms

The funding lines being discussed will be backed by the group's assets and its cash flows, according to the report

Singapore's Vantage Point is highest bidder for bankrupt SKS Power

Reliance Industries, Adani Group, NTPC avoid aggressive offers for Chhattisgarh power company

JSW Steel to invest $145 mn to upgrade manufacturing operations in US

New projects are expected to be commissioned in FY26, says subsidiary of Indian steel giant

Zoom secures pan-Indian telecom licence for telephone services, enterprises

Web conference company Zoom Video Communications has secured a pan-India telecom licence that will enable it to offer telephone services as well to enterprise customers, ZVC

Doing everything possible with utmost care for employees: Go First CEO

More than half of the airline's fleet is grounded due to engine issues

Go First saga begins to hit passengers with flights diverted, cancelled

Three flights diverted from Mumbai eventually return after getting clearance to land

Wadia Group not exiting; some people have shown interest in Go First: CEO

On Tuesday, Go First filed for bankruptcy with the National Company Law Tribunal, blaming Pratt & Whitney engines for the grounding of about half its fleet

Go Airlines' lenders may meet on Wednesday to plan further course of action

As of April 30, the company had not defaulted on any of these dues, Go First said in a filing

JSW Steel to invest $145 mn to upgrade operations in USA manufacturing

"These investments & projects will help us in producing high quality 'melted and manufactured in USA' steel products required by our customers in the infrastructure and renewable energy sectors"

Jagatjit Ind to invest Rs 210 cr to set up grain-based ethanol plant

Jagatjit Industries Ltd, which is into liquor business, will invest Rs 210 crore to set up a grain-based ethanol manufacturing plant in Punjab

Go First saga: SpiceJet to revive 25 grounded aircraft, mobilises Rs 400 cr

The funds for revival will be drawn from the Centre's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals, the airline said in a statement

Air India pilots gets stern warning over license renewal, AEP delays

Air India has recently issued a stern warning to its pilots regarding the renewal of their licenses and Airport Entry Passes (AEP).

Go First has history of missing financial obligations: P&W on allegations

In its insolvency filing, Go First said that the 'ever-increasing number of failing engines supplied by Pratt & Whitney's international Aero Engines' led to the grounding of 25 of its A320 neo jets

Multiples Alternate closes over $640 million for new private-equity fund

Founded in 2009, Multiples has an investment portfolio marked by companies like Delhivery, PVR Cinemas and Dream 11

Top Headlines: Go First's bankruptcy, extension on Adani row probe and more

Catch live updates from across the globe here

Pine Labs partners ICICI Bank to enable Digital Rupee on PoS terminals

Digital Rupee opens up exciting opportunities and if implemented correctly, it can accelerate the migration from paper-based currency to digital, said Pine Labs CEO B Amrish Rau

Go First Airways owes financial creditors $798 mn, shows bankruptcy filing

Lenders were not aware of the airline's plans to file for voluntary insolvency and will meet soon to take stock of the situation, the report said

Go First cancels flight amid bankruptcy: Know all about the refund process

The airline on its website said, "We regret to inform you that due to operational reasons, Go First flights scheduled for 3rd, 4th, and 5th May 2023 have been canceled"