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New Delhi: A six-fold increase in the budget for the regional connectivity scheme Udan will boost access to smaller towns and drive demand for smaller aircraft, potentially spurring local manufacturing, civil aviation minister Ram Mohan Naidu told ET. "Major aerospace companies like Embraer and Leonardo are in the process of setting up manufacturing lines in India and through schemes like Udan, the government will take every step to promote and facilitate these initiatives," Naidu said in an int ...Read More >
New Delhi [India], June 8 (ANI): Bank of Baroda (Bank), one of India's leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India. This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or businesses. Also Read | Online Scam in Navi Mumbai: Woman Loses INR 49 Lakh After Being Lured With 'Gift' From Abroad. The revised rates came i ...Read More >
New Delhi: Bullish on the business opportunities in India, European aircraft maker ATR is in discussions with scheduled and non-scheduled operators to explore sale of its aircraft. Considering the growth potential of the Indian market, a senior ATR official said it expects the country to have 300 more turboprops in the next 10 years. A joint venture between Airbus and Leonardo, ATR manufactures turboprops with up to 78 seats as well as freighters. Currently, there are 70 ATR aircraft in the cou ...Read More >
New Delhi, Jun 8 (PTI) Bullish on the business opportunities in India, European aircraft maker ATR is in discussions with scheduled and non-scheduled operators to explore sale of its aircraft. Considering the growth potential of the Indian market, a senior ATR official said it expects the country to have 300 more turboprops in the next 10 years. A joint venture between Airbus and Leonardo, ATR manufactures turboprops with up to 78 seats as well as freighters. Currently, there are 70 ATR aircr ...Read More >
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