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Good news for RIL, ONGC as govt scraps windfall tax

Good news for RIL, ONGC as govt scraps windfall tax

Rediff.com1 days ago

The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil prices. Minister of State for Finance Pankaj Chaudhary tabled a notification in Rajya Sabha scrapping the levy on crude oil produced by firms like state-owned Oil and Natural Gas Corporation (ONGC) and exports of fuels done by companies like Reliance Industries Ltd.

When Will Air India Be Profitable?

When Will Air India Be Profitable?

Rediff.com4 days ago

'We don't give any guidance about profitability. We have internal targets but we don't discuss them publicly.'

Domestic airlines' fleet to touch 1,400 planes in 5 years

Domestic airlines' fleet to touch 1,400 planes in 5 years

Rediff.com21 Nov 2024

Civil Aviation Secretary Vumlunmang Vualnam on Thursday said the number of planes with domestic airlines will increase to 1,400 in the next five years as he highlighted the growth potential of the country's aviation space. Currently, the fleet is around 800 aircraft and leading carriers IndiGo and Air India have placed significant plane orders.

Our security did it: Official on drop in hoax bomb calls to airlines

Our security did it: Official on drop in hoax bomb calls to airlines

Rediff.com21 Nov 2024

A few weeks back, hundreds of flights had received bomb threat calls that later turned out to be hoaxes.

Ensure ample staff at check-in counters, govt tells airlines as fog sets in

Ensure ample staff at check-in counters, govt tells airlines as fog sets in

Rediff.com21 Nov 2024

Airlines must ensure that all check-in counters at the Delhi airport are fully staffed to minimise passenger inconvenience as smog has started affecting the flight operations, Aviation Minister Rammohan Naidu directed on Wednesday. The minister gave this direction during a meeting with representatives of major airlines, Delhi International Airport Limited (DIAL), officials of the Ministry of Civil Aviation, Directorate General of Civil Aviation (DGCA) and the Bureau of Civil Aviation Security (BCAS).

Artificial rain in Delhi? AAP govt seeks Centre's nod to combat air

Artificial rain in Delhi? AAP govt seeks Centre's nod to combat air

Rediff.com19 Nov 2024

Amid Delhi's worsening air quality, which has plunged into the severe plus category with an AQI consistently above 450, Environment Minister Gopal Rai on Tuesday called for immediate intervention from the central government.

Two more insolvency pleas against SpiceJet

Two more insolvency pleas against SpiceJet

Rediff.com18 Nov 2024

Two more insolvency petitions were filed by Sabarmati Aviation and JetAir 17 against budget carrier Spicejet at the National Company Law Tribunal (NCLT) on Monday. The NCLT issued a notice to the airline over the plea by operational creditor Sabarmati Aviation while asking another complainant, JetAir 17, to file additional documents in support of its claims of $27 million.

Russia launches 120 missiles, 90 drones on Ukraine's energy infra; 2 killed

Russia launches 120 missiles, 90 drones on Ukraine's energy infra; 2 killed

Rediff.com17 Nov 2024

Zelenskyy further said that the assault occurred overnight and into the morning, and involved a barrage of approximately 120 missiles and 90 drones, including Shaheds, Zircons, Iskanders, and Kinzhals.

How To Combat Digital Crime Epidemic

How To Combat Digital Crime Epidemic

Rediff.com16 Nov 2024

The fundamental responsibility for preventing such crimes and for bringing the criminals to justice rests with the State, and it cannot abdicate that function.

Brand Vistara Ends Its Journey

Brand Vistara Ends Its Journey

Rediff.com12 Nov 2024

Starting November 12, Vistara aircraft will be operated under the Air India banner, to be identified by a special four-digit flight code beginning with "2".

Leo's 50 Today: His 10 Best Movies!

Leo's 50 Today: His 10 Best Movies!

Rediff.com11 Nov 2024

Namrata Thakker picks her 10 favourite Leo movies.

Singapore Airlines to invest additional Rs 3,195 cr in Air India post Vistara merger

Singapore Airlines to invest additional Rs 3,195 cr in Air India post Vistara merger

Rediff.com10 Nov 2024

Singapore Airlines will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1 per cent stake in the enlarged Air India. Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49 per cent shareholding.

Sunset for once-storied Jet Airways as turbulent insolvency flight ends

Sunset for once-storied Jet Airways as turbulent insolvency flight ends

Rediff.com7 Nov 2024

More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.

India's domestic air tariff up 43% in 5 yrs, just behind Vietnam

India's domestic air tariff up 43% in 5 yrs, just behind Vietnam

Rediff.com6 Nov 2024

India has recorded the second-highest increase in domestic airfares in the Asia-Pacific (APAC) and West Asian regions, climbing by 43 per cent in the first half of 2024 compared to pre-pandemic levels in 2019, second only to Vietnam (63 per cent). India ranks third in fare increases during the same period in international skies, behind the United Arab Emirates (UAE) and Malaysia. The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting.

Airfares Nosedive For Diwali!

Airfares Nosedive For Diwali!

Rediff.com31 Oct 2024

'The past few quarters have seen prohibitive fares for advance bookings, only to dip closer to departure.'

New rules: How will airlines decide if a bomb threat is serious

New rules: How will airlines decide if a bomb threat is serious

Rediff.com30 Oct 2024

Pseudonymous or anonymous nature of the social media handle, analysis of the geopolitical situation and presence of VIPs onboard are some of the new criteria that agencies will keep in mind while considering the seriousness of a bomb threat made to Indian airlines.

Over 100 flights get bomb threats on Tuesday; AI, IndiGo among worst hit

Over 100 flights get bomb threats on Tuesday; AI, IndiGo among worst hit

Rediff.com30 Oct 2024

The Mumbai police have registered a case against an unidentified person after three airlines received bomb threats on their X handle, an official said on Tuesday.

Modi, Sanchez unveil facility to manufacture military aircraft

Modi, Sanchez unveil facility to manufacture military aircraft

Rediff.com28 Oct 2024

Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.

50 flights get bomb threats on Sunday; 375 flights in 14 days

50 flights get bomb threats on Sunday; 375 flights in 14 days

Rediff.com27 Oct 2024

In 14 days, more than 350 flights operated by the Indian carriers have received hoax bomb threats. Most of the threats were issued through social media.

Delhi man posts bomb threats to flights to 'draw attention', held

Delhi man posts bomb threats to flights to 'draw attention', held

Rediff.com27 Oct 2024

Shubham Upadhyay, a resident of Uttam Nagar in the national capital, was arrested for posting two bomb threat messages to draw attention after seeing similar news reports on TV, the police said.

Iran says it shot down Israel's attack, activates air defence

Iran says it shot down Israel's attack, activates air defence

Rediff.com26 Oct 2024

State news agency IRNA said that Iran has successfully shot down 'adversial targets' in the airspace around Tehran province. Iranian state television noted hearing six loud sounds resembling explosions in parts of the capital, with the source of the noises currently unverified.

Bomb threats: Govt asks social media platforms to act

Bomb threats: Govt asks social media platforms to act

Rediff.com26 Oct 2024

Amid a spate of hoax bomb threats to multiple airlines, the IT ministry has asked social media platforms to observe due diligence obligations and promptly remove or disable access to misinformation within the strict timelines prescribed under IT rules.

RBI turned down request to appoint ex-CBI official on board: Religare

RBI turned down request to appoint ex-CBI official on board: Religare

Rediff.com25 Oct 2024

Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons. Asthana is a former top official of the Central Bureau of Investigation (CBI). In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the "herculean task" of making ready multiple applications to regulators.

Kolkata, Bhubaneswar, Jharsuguda airports get bomb threat; security enhanced

Kolkata, Bhubaneswar, Jharsuguda airports get bomb threat; security enhanced

Rediff.com25 Oct 2024

A threat about the presence of bombs on an Akasa Air flight at Biju Patnaik International Airport in Bhubaneswar was received on social media, but it later turned out to be a hoax, an official of the airport said on Thursday.

Over 80 flights receive bomb threats today

Over 80 flights receive bomb threats today

Rediff.com24 Oct 2024

More than 80 domestic and international flights of various Indian airlines received bomb threats on Thursday, according to sources.

'He Was Not An 'I' Man At All'

'He Was Not An 'I' Man At All'

Rediff.com23 Oct 2024

'He was a practical person who ensured that he thought about the common man, animals, the fact that they have a life and they have to be respected.'

80 more flights get bomb threats, Rs 600 crore lost

80 more flights get bomb threats, Rs 600 crore lost

Rediff.com22 Oct 2024

Nearly 80 domestic and international flights received bomb threats in less than 24 hours that later turned out to be hoaxes, keeping thousands of passengers and security agencies on tenterhooks.

Protocol tweaked amid spate of bomb threats to flights

Protocol tweaked amid spate of bomb threats to flights

Rediff.com22 Oct 2024

Protocols for the Bomb Threat Assessment Committee (BTAC), convened in the event of a bomb threat call to an aircraft or airport, have been tweaked to better tackle the spate of the ongoing 'random' Internet-based threats being made to various Indian airlines, official sources said Tuesday.

Airline Threat Calls: 'Someone Is Testing Security Agencies'

Airline Threat Calls: 'Someone Is Testing Security Agencies'

Rediff.com22 Oct 2024

'Whoever is doing it (threats to airlines), they are actually carrying out a recce.' 'This is the manner in which terrorists strike.'

Bomb threats: Govt plans to amend aviation security rules

Bomb threats: Govt plans to amend aviation security rules

Rediff.com21 Oct 2024

In the last one week, nearly 100 flights of Indian airlines received bomb threats.

IndiGo, Air India among 25 flights receive bomb threats

IndiGo, Air India among 25 flights receive bomb threats

Rediff.com20 Oct 2024

So far this week, more than 90 flights have received bomb threats and most of them have turned out to be hoaxes.

Spate of bomb hoaxes continue, 30 flights threatened today

Spate of bomb hoaxes continue, 30 flights threatened today

Rediff.com19 Oct 2024

More than 30 flights of various Indian airlines, including Vistara, Air India and IndiGo, received bomb threats on Saturday, according to sources.

Investors, Wait And Watch

Investors, Wait And Watch

Rediff.com19 Oct 2024

'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'

Bomb threat saga continues as more flights get threats

Bomb threat saga continues as more flights get threats

Rediff.com19 Oct 2024

In the past few days, more than 40 flights operated by the Indian carriers have received bomb threats which later turned out to be hoaxes.

UK scrambles fighter jet to escort AI plane as more flights get bomb threats

UK scrambles fighter jet to escort AI plane as more flights get bomb threats

Rediff.com17 Oct 2024

The agencies have also found some common lines and words used in these fake threats like "bombs", "blood will spread everywhere", "explosive devices", "this is not a joke" and "you will all die" and "bomb rakhwa dia hai" (Hindi for bomb has been placed) among others.

Govt plans crackdown to prevent hoax bomb threats

Govt plans crackdown to prevent hoax bomb threats

Rediff.com17 Oct 2024

The civil aviation ministry plans to put in place strict norms to prevent incidents of hoax bomb threats to airlines, including placing the perpetrators on the no-fly list, a senior official said on Thursday.

Recipe: Anas' Classic Cheeseburger

Recipe: Anas' Classic Cheeseburger

Rediff.com17 Oct 2024

Hankering for an asli burger? Go for it!

Teen arrested for bomb threats to airlines over dispute

Teen arrested for bomb threats to airlines over dispute

Rediff.com17 Oct 2024

He, however, cited the sensitivity of information due to the ongoing probe into the matter to decline to share more details, sources said.

Amid bomb threats, NSG to deploy more 'Sky Marshals' in flights

Amid bomb threats, NSG to deploy more 'Sky Marshals' in flights

Rediff.com16 Oct 2024

NSG 'Sky Marshals' travel alone or in pairs on-board Indian airlines aircraft like normal passengers but they have a concealed weapon and some specialised gadgets to combat hijackers and rescue passengers in case such an incident takes place.

Security alert as US-bound AI flight among 7 get bomb threat on X

Security alert as US-bound AI flight among 7 get bomb threat on X

Rediff.com16 Oct 2024

The threats via microblogging platform X came a day after three international flights originating from Mumbai received bomb threats, causing trouble to hundreds of passengers and airline crew.

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