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New Delhi, April 7: Air India on Tuesday announced a revision in fuel surcharge across domestic and international routes amid a rise in global jet fuel prices. For domestic routes, the airline said it will shift from a flat surcharge to a distance-based structure, effective from Wednesday. The revised surcharge will range from Rs 299 for flights up to 500 kms to Rs 899 for sectors above 2,000 kms. The move follows the government's decision to cap the increase in domestic Aviation Turbine Fuel ( ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Air India on Tuesday announced a revision in fuel surcharge across domestic and international routes amid a rise in global jet fuel prices. For domestic routes, the airline said it will shift from a flat surcharge to a distance-based structure, effective from Wednesday. The revised surcharge will range from Rs 299 for flights up to 500 kms to Rs 899 for sectors above 2,000 kms. The move follows the government's decision to cap the increase in domestic Aviat ...Read More >
Mumbai, Apr 7 (PTI) The Air India group on Tuesday said it will impose fuel surcharge ranging from Rs 299 to Rs 899 for domestic flights and USD 24 to USD 280 for international flights (excluding some routes). The revised fuel surcharge, effective from April 8 will be applicable for flights operated by the airline's low-cost subsidiary Air India Express as well, Air India said in a statement. Revisions to fuel surcharge on flights to and from Bangladesh and Far East destinations such as Japan, ...Read More >
NEW DELHI: According to media reports, Air India chief executive officer and managing director Campbell Wilson has resigned from his position, stepping down more than a year before the end of his term. Reports indicate that the airline's board approved his resignation last week, although Wilson is expected to remain in his role during the notice period until a successor is appointed. The airline has not yet issued an official statement. Wilson, who took charge in 2022 following the acquisition ...Read More >
New Delhi: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from t ...Read More >
(RTTNews) - Indian shares opened on a sluggish note on Tuesday as Iran rejected proposals for a temporary ceasefire and U.S. President Donald Trump expanded his threat against Iran to include all power plants and bridges before his Tuesday-night deadline. The benchmark BSE Sensex was down 480 points, or 0.7 percent, at 73,627 in early trade, while the broader NSE Nifty index dropped 139 points, or 0.6 percent, to 22,829. Selling was seen across the board, with SBI, ICICI Bank, Larsen & Toubro, ...Read More >
MUMBAI: The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73, 734, while Nifty began the session at 22, 838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitting an int ...Read More >
Mumbai, April 7 (SocialNews.XYZ) The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 ...Read More >
Mumbai, April 7: The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitting ...Read More >
NEW DELHI: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from th ...Read More >
New Delhi, April 7: Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development. Wilson is currently serving his notice period, according to reports. The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered. It is also unclear if the company has found a replacement. The board was scouting since last ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development. Wilson is currently serving his notice period, according to reports. The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered. It is also unclear if the company has found a replacement. The board was s ...Read More >
Mumbai: Air India's chief executive officer Campbell Wilson has reportedly tendered his resignation and is serving notice period. The expat executive will continue his duties until the airline finds a successor, which is ongoing from January. Transition period Wilson, a New Zealand-national, who took the helm in September 2022 shortly after the airline was privatised by the Tata Group, will stay on with the company to ensure a smooth transition until his successor takes over. The airline's boa ...Read More >
MUMBAI: Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73, 168. Similarly, Nifty was trading at 22, 670, down 42 points or 0.19 per cent in early trade, amid selling pressure in ...Read More >
(RTTNews) - Indian shares traded lower in early trade on Monday due to lingering geopolitical tensions, rising crude oil prices and continued FII selling. Brent crude prices traded near $110 a barrel as U.S. President Donald Trump renewed his threat to attack Iran's bridges and power plants, warning he would bring "Hell" to Iran if they do not open the vital waterway by 8 p.m. Eastern Time on Tuesday. Trump will hold a news conference "with the Military" at the Oval Office at 1 p.m. later toda ...Read More >
Mumbai, April 6 (SocialNews.XYZ) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, am ...Read More >
Mumbai, April 6: Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selling pressu ...Read More >
Mumbai: The Ministry of Civil Aviation (MoCA) suspended its recent directive that required domestic airlines to offer at least 60% of their aircraft seats without additional selection fees. The decision, issued on Thursday, puts the mandate in abeyance just 16 days after its initial announcement. The Indian Association of Tour Operators (IATO) welcomed the policy reversal and urged the government to offer seasonal subsidy foor passenger convenience. On Thursday, the ministry wrote to the Direct ...Read More >
New Delhi, April 3: The government has suspended its earlier direction to airlines to offer at least 60 per cent of seats on any flight free of additional charge, which was set to come into effect from April 20. The Civil Aviation Ministry, in a communication to the Directorate General of Civil Aviation (DGCA), said the matter had been reviewed following representations from the Federation of Indian Airlines and Akasa Air, which flagged operational and commercial implications of the provision, i ...Read More >
Stock markets end lower for 6th straight week over West Asia conflict Mumbai: Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 ...Read More >
NEW DELHI - The appointment of aviation heavyweight Willie Walsh as CEO of IndiGo is likely to bolster the Indian airline's global expansion but the former British Airways (BA) chief first has to repair its dented reputation. India's largest airline commanding about 65% of domestic flights stunned the industry with Walsh's appointment on Tuesday. That followed months of negative press and regulatory pressure after it cancelled thousands of flights in December due to inadequate planning for pil ...Read More >
NEW DELHI: In a U-turn, the civil aviation ministry on Thursday put on hold its directive for airlines to offer at least 60% seats free of charge. Under intense cost-side pressure since the Iran war began, airlines had warned that this move to curb ancillary revenue would lead to additional fare hikes.The aviation ministry had on March 17 ordered the Directorate General of Civil Aviation (DGCA) to enact rules mandating the same. The regulator had then amended existing rules to implement at least ...Read More >
Mumbai: IndiGo will deploy its second Airbus A321XLR on the Delhi-Istanbul route on daily service from April 19. The model, also the second for India, will enable IndiGo to offer onward connections to over 50 international destinations via its codeshare partnership with Turkish Airlines. IndiGo welcomed India's first A321XLR on January 7, which was deployed on Mumbai-Athens route. The new-generation aircraft is known for offering enhanced range, fuel efficiency, and cabin comfort. The airline h ...Read More >
NEW DELHI: In a U-turn, the civil aviation ministry Thursday put on hold its directive for airlines to offer at least 60% seats free of charge. Under intense cost side pressure since the Iran war began, airlines had warned this move to curb ancillary revenue will lead to additional fare hikes.The aviation ministry had on March 17 ordered the Directorate General of Civil Aviation (DGCA) to enact rules mandating the same. Following that, the regulator had amended existing rules to implement at lea ...Read More >
Mumbai, Apr 2 (PTI) Domestic carrier IndiGo on Friday announced it will deploy its long-range narrow-body A321XLR aircraft on the Delhi-"Istanbul route, which is currently being serviced with an Airbus A320neo with a technical halt at Jeddah, starting from April 19. The strategically important route enables the airline to offer seamless onward connections to over 50 international destinations through its codeshare partnership with Turkish Airlines, it said. The Airbus A321XLR operating IndiGo' ...Read More >
Mumbai: Stock markets bounced back strongly on Thursday after a sharp fall in early trade, helped by buying in IT stocks at lower levels. Both benchmark indices, Sensex and Nifty, recovered all their losses and turned positive during mid-session trade. Sharp Fall In Early Trade The 30-share BSE Sensex dropped heavily in the morning, falling 1,588.51 points to an intraday low of 71,545.81. At the same time, the NSE Nifty also declined sharply by 496.85 points, touching a low of 22,182.55. The f ...Read More >
New Delhi [India], April 2 (ANI): The ongoing West Asia crisis is beginning to impact aviation economics, with airlines now facing rising war-risk insurance costs. The conflict is not only disrupting global energy markets but also increasing the cost of operating flights in sensitive airspaces, as insurers move to price in elevated geopolitical risks. On the question of whether war-risk insurance has gone up post the West-Asia crisis, an airline industry source told ANI that "Previously, Indian ...Read More >
Amid ongoing global energy supply disruptions, state-run oil marketing companies on Wednesday raised prices of commercial LPG and aviation turbine fuel (ATF), marking a significant increase across key fuel segments. The price of a 19kg commercial LPG cylinder was hiked by ₹195.5, taking the rate in Delhi from ₹1,883 on March 7 to ₹2,078.50 on Wednesday, a 10.4% increase. Commercial LPG is widely used by hotels, hostels and restaurants, and this is the second price hike in less than a month ...Read More >
Bengaluru : Hilton & Hilton Garden Inn Bengaluru Embassy Manyata Business Park Hilton Bangalore Embassy GolfLinks, along with the upcoming Hilton and Hilton Garden Inn Bengaluru Embassy Tech Village, hosted TRISHUL 2.0, its signature women's leadership platform. Organized under the Shakti by Hilton initiative in celebration of International Women's Day and Women's History Month, the event brought together about 200 hospitality students, industry professionals, and employees for an inspiring even ...Read More >
New Delhi: Aviation stocks were in the limelight on Wednesday, with InterGlobe Aviation climbing 6 per cent, after only a partial increase in jet fuel prices. InterGlobe Aviation, the parent firm of IndiGo, after starting the trade on a positive note, further jumped 9.84 per cent to Rs 4,332 during the day on the BSE. The stock finally ended at Rs 4,180.90, up 6.01 per cent. The stock of SpiceJet ended at Rs 9.93, up 1.95 per cent. During the day, it surged 4.72 per cent to Rs 10.20. A rally ...Read More >
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