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Mumbai, Apr 7 (PTI) Air India CEO & MD Campbell Wilson has resigned after helming the Tata Group-owned airline for four years that have been punctuated by multiple headwinds, including the fatal AI171 crash in June last year. The Air India board has constituted a committee that will find the successor in the coming months, a statement from the airline said on Tuesday. "Wilson had conveyed his intention to step down in 2026 to Air India Chairman N Chandrasekaran in 2024 and, since then, has bee ...Read More >
Summary Vinci may set up an India unit to house the road assets and avoid putting them into an infrastructure investment trust due to complex regulatory procedures. In one of the largest toll road divestments in India, Australian asset manager Macquarie Asset Management is selling its Indian platform, Safeway Concessions, to French engineering and infrastructure firm Vinci SA for an implied enterprise value of approximately $1.7 billion ( ₹15,000 crore). Safeway Concessions acquired the righ ...Read More >
Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people. Wilson, whose term was set to end in 2027, will stay in the role until a successor is appointed, Air India said. A former Singapore Airlines executive, Wilson was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022 following years of losses. During ...Read More >
New Delhi: Air India Chief Executive Officer and Managing Director, Mr Campbell Wilson on Tuesday resigned from his post. He will remain in the role until his successor is announced and in place. Air India is a statement said that Mr Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 itself and, since then, he has been working to ensure the organization and leadership team is on a stable footing for the transition. In a message to the Air Ind ...Read More >
New Delhi: The government may ask for revised financial bids from two potential buyers of IDBI Bank as their original bid amounts were lower than the reserve price fixed for the strategic sale of the lender, sources said. "The IDBI Bank strategic sale is in the technical evaluation stage," a senior official told PTI. Also Read: Government likely to restart IDBI Bank privatisation process from scratch Amidst the West Asia crisis, the government is banking on disinvestment and asset monetisatio ...Read More >
NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
Mumbai, Apr 7 (PTI) Tata Group-owned Air India on Tuesday announced that its CEO and MD Campbell Wilson has resigned and the airline has set up a committee to find his successor. Wilson, a native of New Zealand and a former Singapore Airlines' veteran, has been at the helm of the airline for four years as Chief Executive Officer and Managing Director. "Wilson had conveyed his intention to step down in 2026 to Air India Chairman N Chandrasekaran in 2024 and, since then, has been working to ensu ...Read More >
NEW DELHI, April 7 (Reuters) - India is planning sovereign guarantees to support insurers that provide cover for vessels travelling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source. A separate $300 million fund with contributio ...Read More >
New Delhi [India], April 7 (ANI): The Air India group has announced revisions to its fuel surcharge structure across domestic and international routes amid a sharp rise in global jet fuel prices. In a statement, the airline said the decision comes as airlines worldwide face one of the toughest fuel cost environments in recent years. "Air India group today announced further revisions to its fuel surcharge structure across domestic and international routes," the airline said. The airline noted ...Read More >
Mumbai, Apr 7 (PTI) Air India CEO and Managing Director Campbell Wilson on Tuesday told the staff that it was the right time to hand over the reins for the airline's next phase of growth. Wilson, who has decided to resign, has been at the helm for four years since mid-2022 and will remain with the airline to ensure a smooth succession. "I am incredibly proud of what you have achieved, especially in the face of unprecedented headwinds in the form of aircraft delivery and supply chain challenges ...Read More >
New Delhi: Air India on Tuesday confirmed the resignation of Chief Executive Officer and Managing Director, Campbell Wilson. In an official statement, the airline said that a committee has been constituted to find the successor in the coming months. "Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 and, since then, has been working to ensure the organisation and leadership team is on a stable footing for the transition," the airline stated. ...Read More >
NEW DELHI, April 7 (Reuters) - India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East due to the U.S.-Israeli war with Iran. At the same time India, the world's third-largest oil importer, also faces the risk of rising inflation and slower gr ...Read More >
Chandigarh: Punjab Chief Minister Bhagwant Singh Mann on Monday asserted that Punjab's power sector has undergone a structural turnaround under the Aam Aadmi Party (AAP) government, with the once loss-making department now recording profits even while providing free electricity to 90% of households. He highlighted that the government not only ensured zero electricity bills for the majority of families through 600 units of free power, but also reversed the earlier trend of selling public assets b ...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 >
NEW DELHI, March 30 (Reuters) - India has proposed an overhaul of its bankruptcy law, including allowing financial creditors to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business. Resolutions of stressed assets in India have been delayed despite a mandated 330-day timeline under the Insolvency and Bankruptcy Code, introduced in 2016, largely due to procedural and legal hurdles. Cases often pile up for admission at the Na ...Read More >
NEW DELHI: The Lok Sabha on Wednesday passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025 (SHANTI Bill), with the opposition staging a walkout over their demand to refer it to the Standing Committee. Opposition parties also alleged that the government had failed to address key concerns regarding liability in the proposed legislation. Congress leader Manish Tewari said the Opposition decided to walk out because the government did not provide sati ...Read More >
New Delhi [India], December 17 (ANI): The Lok Sabha on Wednesday passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025 (SHANTI Bill), with the opposition staging a walkout over their demand to refer it to the Standing Committee. Opposition parties also alleged that the government had failed to address key concerns regarding liability in the proposed legislation.Congress leader Manish Tewari said the Opposition decided to walk out because the govern ...Read More >
New Delhi: Even as the Lok Sabha passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025 -- a bill that aims to end the decades-long state monopoly on nuclear power and enables the sector's privatization -- the Opposition Member of Parliaments (MPs) have not just staged a walkout from the lower house but also raised serious concerns about 'loopholes'. 'Nuclear bill or unclear bill?' "The SHANTI Bill is a milestone Mr. minister but for the ...Read More >
New Delhi, Dec 17 (PTI) Congress MP Shashi Tharoor on Wednesday described the government's nuclear energy bill as a "dangerous leap into privatised nuclear expansion" without adequate safeguards and asserted that the pursuit of capital cannot be allowed to override the requirements of public safety, environmental protection and victim justice. Participating in a debate on the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in the Lok Sabha, Tharoor ...Read More >
New Delhi, Dec 17 (PTI) Several non-ruling members in the Rajya Sabha on Wednesday opposed the bill to raise FDI in the insurance sector to 100 per cent and demanded that the proposed legislation be sent to a Parliamentary panel for further scrutiny. Participating in the debate on The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, moved for consideration and passage by Finance Minister Nirmala Sitharaman in the Upper House, members also objected to the title of the Bill, whic ...Read More >
New Delhi, Dec 17 (PTI) Opposition MPs Wednesday strongly pitched for sending the nuclear energy bill moved by the government to a parliamentary panel for wider consultations while members from the ruling coalition "wholeheartedly" supported the legislation saying it will prove helpful in making the country energy sufficient. Participating in the debate in Lok Sabha on the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to open the tigh ...Read More >
New Delhi: Congress MP Shashi Tharoor on Wednesday described the government's nuclear energy bill as a "dangerous leap into privatised nuclear expansion" without adequate safeguards and asserted that the pursuit of capital cannot be allowed to override the requirements of public safety, environmental protection and victim justice. Participating in a debate on the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in the Lok Sabha, Tharoor claimed that ...Read More >
The political face-off over the Chandrababu Naidu government's move to develop medical colleges under the Public-Private Partnership (PPP) model has escalated into a full-blown political war between the ruling NDA and the YSR Congress party. While the YSRCP launched protests across the state and collected 1 crore signatures against the PPP move, TDP MP raised strong counterarguments in Parliament on Monday. Former Chief Minister YS Jagan Mohan Reddy is scheduled to submit the signatures to the ...Read More >
Amravathi/Hyderabad, Dec 17 (Maxim News): Andhra Pradesh CM N Chandrababu Naidu on Wednesday defended the decision to develop medical colleges under the Public Private Partnership mode, saying it will ensure efficient services. Here To Join Us On WhatsApp Speaking at the fifth collectors conference at the secretariat here, the Chief Minister addressed the politically sensitive issue of developing 10 medical colleges under the PPP model, a move vehemently opposed by the YS Jagan Mohan Reddy-led ...Read More >
VIJAYAWADA: Health Minister Satya Kumar Yadav has strongly criticised the YSR Congress Party (YSRCP), alleging that its one-crore signature campaign against the government's Public-Private Partnership (PPP) model for medical colleges had turned into a 'drama marked by meaningless scribbles.' Speaking to the media at the State Secretariat on Tuesday, the Minister said the coalition government decided to run ten new medical colleges under the PPP model to improve public healthcare and ensure bett ...Read More >
New Delhi: The Aam Aadmi Party (AAP) on Monday intensified its protest against the "four-engine BJP government" following decision to close around 200 Mohalla Clinics set up across the national capital. AAP leaders have accused the Rekha Gupta-led government of trying to privatise the public health system and serve the interests of private hospitals. This morning, AAP workers led by state convener Saurabh Bhardwaj and Kondli MLA Kuldeep Kumar staged a demonstration outside a Mohalla Clinic in G ...Read More >
Tamil Nadu Private Universities Bill: minimum land requirement reduced from 100 acres to 25 acres Tamil Nadu Higher Education Minister Dr. Govi Chezhiaan has announced that the Tamil Nadu Private Universities (Amendment) Bill, 2025, introduced in the State Assembly on October 15, will be withdrawn following Chief Minister M.K. Stalin's direction. In his statement, Dr. Chezhiaan clarified that the amendment was proposed only to simplify the procedures for establishing new private universities a ...Read More >
CHENNAI: Viduthalai Chiruthaigal Katchi (VCK) president Thol Thirumavalavan on Sunday urged the Tamil Nadu government to withdraw the Private Universities (Amendment) Bill and not to review it, warning that the legislation would accelerate the commercialisation of higher education in the State. His statement came a day after Higher Education Minister Govi Chezhiyan announced the government's decision to withdraw and review the Bill, which was passed by the Assembly on October 18, following obje ...Read More >
Former Chief Minister and YSR Congress Party (YSRCP) president Y.S. Jagan Mohan Reddy launched a scathing attack on Andhra Pradesh Chief Minister N. Chandrababu Naidu accusing him of ''running a spurious liquor racket, misleading the public with blatant lies, and attempting to hijack credit for the State's data centre project''. Addressing a press conference at the party office at Tadepalli near here on Thursday, Mr. Jagan Mohan Reddy alleged that the Chief Minister and his associates were oper ...Read More >
Pamidi: YSR Congress Party (YSRCP) Anantapur District President Anantha Venkatarami Reddy alleged that TDP Chief N Chandrababu Naidu is already gripped by the fear of defeat, even though the next general elections are still three and a half years away. Addressing a public meeting at Pamidi, as part of the 'One Crore Signatures Public Movement' against the privatization of government medical colleges, Reddy said Naidu is appealing to people "not to play Vaikunthapali," indicating his growing ner ...Read More >
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