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Fairfax India, the Indian unit of billionaire Prem Watsa’s Canadian investment firm, continues to create market buzz with another strategic acquisition when it acquired yet another 10% stake in Bangalore International Airport Limited, or BIAL, for $255 million. Such a deal significantly strengthens Fairfax’s control in the airport venture and lifts ownership levels to a majority of 74%. This step …
Indian airlines are still battling the issue of aircraft supply, and the rising demand for air travel is forcing the Directorate General of Civil Aviation to streamline regulations on the wet-leasing of planes. This will help in the oversight and ensure safety in wet-leased aircraft operations, especially when airlines seek quick expansion of their fleets to accommodate growing passenger demand. …
Indeed, Indian Railways is one of the brightest examples of success in the nation. The number of its female employees increased up to more than 99,000 by the end of March 31, 2024; most are engaged in diverse train operations fields. Altogether, 2,037 females are part of this force, and these figures are pretty substantial in traditionally masculine categories. Railways …
The National Highways Authority of India recently announced that it is going to raise Rs 1,000 crore in the form of green bonds for environment-friendly initiatives on its Delhi-Mumbai Expressway. It has now become the most massive ever issue, considering this will fund some environmental measures down the stretch toward sustainability. It would raise such bonds on the second week …
The Cabinet of Madhya Pradesh has sanctioned a massive infrastructural development work that would bring connectivity improvement ahead of the grand religious event called Simhastha 2028. Estimated to cost about Rs 2,312 crore, the four-lane highway connecting the two significant cities of Indore and Ujjain, is proposed as part of it. The project has been planned with the perspective of …