Page 11 - Industry News

Sports logistics movement adapting to global volatility: DP World's Ruia

The firm is expanding its presence in golf and formula 1 after being global logistics partner to International Cricket Council

West Asia conflict: Bankers suggest Covid-like moratorium for MSMEs

Flag cash-flow risks to RBI, Centre amid West Asia war

DGCA is looking to ease rules for airlines to help them grow: Chief

The Directorate General of Civil Aviation (DGCA) is trying to promote ease of doing business for airlines to help them grow and flourish as well as taking steps for passenger rights, its chief Faiz Ahmed Kidwai said on Thursday. There are big challenges for airlines, including taking longer routes and higher operational costs due to airspace restrictions, he said, expressing hope that there would be "better days". The ongoing West Asia conflict is posing more challenges for airlines, which have curtailed services to the region. "It is not only passenger rights which we are looking at... we are trying to ease things for the airlines also and the rules and regulations which are there, promote ease of doing business because we want our airlines to grow and flourish," Kidwai said. He said many airlines have gone bust in India and emphasised the need to support carriers. India is one of the world's fastest-growing civil aviation markets and the DGCA as well as the civil aviation minist

WTO MC14: India resists US push to make ecommerce duty moratorium permanent

At WTO MC14, the US seeks to make the e-commerce duty moratorium permanent, while India resists, citing revenue loss concerns and the need for policy space

Fertiliser output may fall 10-15% if West Asia crisis persists: Crisil

India's annual domestic output of urea and complex fertilisers is likely to decline by 10-15 per cent due to supply chain disruptions caused by the ongoing conflict in the Middle East, a Crisil Ratings report said on Thursday. "The ongoing issues in the Middle East could disrupt the fertiliser supply chain at a crucial time for the kharif season. Disruption in LNG and ammonia supplies continuing for about three months could cut domestic urea and complex fertiliser production by 10-15 per cent," Crisil Ratings Director Anand Kulkarni said. However, he said the impact on production will be cushioned to some extent by the recent government directive allocating 70 per cent of gas to urea manufacturers. He added that the fertiliser inventory of around three months, along with expected imports from alternative sources, will mitigate the risk of immediate supply shortages. Further, Crisil Ratings said the increase in prices of raw materials and imported fertilisers is likely to increase .

Indian airlines to operate 10% fewer domestic flights in summer: DGCA

Indian airlines are set to operate a little over 23,000 weekly domestic flights during the summer schedule starting from March 29, which is 10 per cent less than the services flown during the same period a year ago. Aviation watchdog DGCA has published the domestic flights summer schedule, which is from March 29 to October 24, for nine scheduled airlines. A senior DGCA official on Thursday told PTI that the airlines would be operating around 10 per cent fewer flights in 2026 summer schedule compared to the previous summer schedule. During the 2025 summer schedule, there were 25,610 weekly flights and this time, a 10 per cent reduction would mean the number of services will come down by 2,561. Accordingly, the total count will be about 23,049 weekly flights, as per an analysis. The Directorate General of Civil Aviation (DGCA) has put out the airline-wise domestic summer schedule for 2026 on its website but has not provided a consolidated figure and comparison with the previous summe

A month of LPG supply arranged amid West Asia conflict, says govt

The demand for LPG cylinders had risen to 89 lakh due to panic ordering by consumers and has now come down to 50 lakh cylinders again

West Asia crisis hits scrap imports, drives up costs: Recycling industry

Freight cost surge, insurance pullback and port shutdowns disrupt supplies; aluminium scrap prices jump

India asks auto industry to optimise output as Iran conflict hits supplies

The government has already prioritised use of gas for households over industries, which get only about 80 per cent of their average needs

Regulator approves real estate projects worth ₹5,200 crore in Noida

These 24 projects encompass 7,830 residential and commercial units, contributing to urban development and expanding housing and commercial infrastructure

British Airways to add extra Delhi, Mumbai flights amid West Asia crisis

British Airways will operate additional flights from Delhi and Mumbai for a short term to meet the traffic demand amid the disruptions due to the West Asia crisis. From April 7 to May 31, the airline will operate a third daily flight from Delhi to London Heathrow and from Mumbai, it will have a third daily flight to London Heathrow from May 15 to 31, a release said on Thursday. "The airline is adding short-term capacity on these routes to meet strong demand and provide customers with greater choice and flexibility when travelling between India, the UK and beyond," it said. With the additional capacity, British Airways will operate up to 63 weekly flights with more than 1,000 additional seats per week between India and the UK. British Airways' Chief Planning and Strategy Officer Neil Chernoff said the airline has been able to reallocate additional capacity to meet strong demand to other destinations across its route network and that India remains one of its most important global ...

DGCA seeks corrective steps from Air India over Vancouver flight error

Aviation watchdog DGCA has asked Air India to take corrective measures after the airline deployed a wrong aircraft for operating a flight to Vancouver last week, a senior official said on Thursday. Action has also been taken against an airline official for the incident, the senior official at the Directorate General of Civil Aviation (DGCA) told PTI. A Vancouver-bound Air India Boeing 777-200 LR aircraft, after being airborne for over seven hours, returned to Delhi on March 19 after it was found that the plane was not approved for operating the flight. The approval is only for Boeing 777-300 ER to operate that flight. Following the incident, the Directorate General of Civil Aviation (DGCA) had sought a report from the airline. Air India has been asked to take corrective measures to ensure that such incidents do not happen again, and action has also been taken against an airline official, the DGCA official said. Specific details could not be ascertained. There was no immediate com

Infra projects above ₹150 cr report ₹5.66 trillion cost overrun: Govt

Several infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.66 lakh crore, according to a monthly government report for February 2026. The latest 'Flash Report on Central Sector Infrastructure Projects' showed that the revised cost of all 1,948 projects, each valued at Rs 150 crore or higher, monitored by the statistics ministry stood at Rs 41,98,684 crore compared to their original cost of Rs 36,32,088 crore. The report did not specify the actual number of projects that are facing cost overrun. The Ministry of Statistics and Programme Implementation (MoSPI) stated, in a press release on Wednesday, that as of February 2026, 1,948 ongoing infrastructure projects, with a total revised cost of Rs 41.98 lakh crore, are being monitored across 17 central ministries/departments. The cumulative expenditure incurred on these projects stands at Rs 19.71 lakh crore, accounting for approximately 46.95 per cent of the revised project cost, indicati

Govt puts UDAN 2.0 on runway with a total outlay of ₹28,840 crore

Government approves next phase of UDAN scheme to boost regional connectivity, develop airports and helipads, and support airlines operating in underserved regions

Elevated construction costs may put pressure on developers' margins

Rising construction costs, supply disruptions, and labour pressures are squeezing developers' margins, even as demand resilience and tech-led efficiencies help cushion the impact

Cabinet extends IVFRT scheme for 5 years to upgrade immigration services

The Union Cabinet on Wednesday approved the extension for five years of the Immigration, Visa, Foreigners Registration & Tracking (IVFRT) Scheme, which aims to interlink and optimise functions related to immigration, visa issuance, and registration of foreigners in India. The Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the scheme from April 1, 2026, to March 31, 2031, with a budget outlay of Rs 1,800 crore, a government statement said. The continuation of the scheme is not just a "technical upgrade, but a strategic transformation" aligned with the vision of the government to promote international mobility through a world-class immigration and visa issuance system, it said. "After the recent enactment of the Immigration and Foreigners Act, 2025 and its subsequent Rules and Order, it has become imperative to strengthen and modernize the Immigration, Visa, Foreigners Registration & Tracking (IVFRT) system to effectively meet emerging ...

NDR InvIT raises ₹410 crore via bonds to expand warehousing portfolio

NDR InvIT Trust on Wednesday announced raising Rs 410 crore through the issuance of bonds primarily for the acquisition of logistics and warehousing portfolio across key markets in the country. The issuance was anchored by the International Finance Corporation (IFC), with participation from India Infrastructure Finance Company Limited (IIFCL), which subscribed to Rs 205 crore of the total issue, NDR InviT said. The bonds are secured, rated, listed, redeemable non-convertible debentures with a tenor of 5-years and carry a coupon of 7.61 per cent. "NDR InviT announces the successful closure of its Rs 410 crore bond issuance, which was fully subscribed, reflecting strong investor demand for high-quality infrastructure-backed assets," the company said. The issuance is rated AAA (Stable) by leading rating agencies, indicating a high degree of safety regarding timely servicing of financial obligations, the company said, adding the strong participation from marquee institutional investors

55% of GCC work in India at risk from AI-driven disruption: Zinnov

Report flags growing AI-driven disruption in global capability centres, urging shift towards innovation, advanced skills and high-value work to sustain relevance

Sula Vineyards acquires Chandon's wine facility, estate in Nashik

Wine producer Sula Vineyards on Wednesday announced the acquisition of Chandon's wine production facility and estate in Dindori, Nashik, for Rs 20 crore, which will help expand its wine tourism footprint. Sula Vineyards is pleased to announce that it has signed a definitive agreement with Moet Hennessy India to acquire Chandon's estate in Dindori, Nashik, for Rs 20 crores, which will be raised through internal accruals, according to a statement. Chandon's wine production facility spreads across 19 acres, comprising a highly advanced facility with an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres. The acquisition is being undertaken through the company's wholly-owned subsidiary, Artisan Spirits (ASPL) and is expected to close by the end of the first quarter of FY27, subject to completion of regulatory approvals. Following completion, Chandon will cease wine production in India, and Sula will market wines produced from the estate under its own portfolio, with no ..

Parliamentary panel flags low fund use by tourism ministry, seeks reforms

Parliamentary panel highlights sharp underutilisation, recommends quarterly spending targets and a dedicated promotion board to boost tourism marketing