Sri Lanka’s Mattala airport to enter 30-year agreement with Indian and Russian firms

[ad_1] The Sri Lankan cabinet on Friday gave a green light to the proposal to hand over the management of Mattala Rajapaksa International Airport to a selected private sector company which has submitted Expressions of Interest (EOI) for the purpose,...

Adani, GMR and Fairfax in pre-bid process to develop Puri airport

[ad_1] Fairfax, Adani Group and GMR have expressed interest in developing the ₹2,203-crore greenfield airport near Sipasarubali in Puri. The tender for a public-private partnership (PPP) was floated by the Odisha Industrial Infrastructure Development Corporation (IDCO) in February, this year.According...

M&As: MCA plans to issue rules on ‘deal value threshold’ next month

[ad_1] The Corporate Affairs Ministry (MCA) is likely to next month come up with the much-anticipated rules that would set the stage to require certain offshore digital transactions with a value of more than ₹2,000 crores (about $242 million) to get...

Delhi HC directs DGCA to process deregistration of leased aircraft to Go First

[ad_1] The Delhi High Court on Friday ordered the aviation regulator, Directorate General of Civil Aviation (DGCA), to process deregistration requests for Go First’s leased aircraft within five days. This severely impacts Go First’s operations, grounding a significant portion of...

Entry bike segment cedes ground to premiumisation

[ad_1] The domestic motorcycle market in the country has witnessed a resurgence in demand, driving positive growth. However, it is also experiencing structural shifts, notably with the entry-level segment losing ground to the trend of premiumisation.The entry-level segment reported fragile...

Govt extends use of pesticide formulations through drone by an year

[ad_1] The Agriculture Ministry has extended the interim approval granted for the already approved use of pesticide formulations through drones for another year till April 18, 2025. The latest move would provide a boost to the application of agrochemicals through...

Elections dampen cement prices in April, hikes announced earlier rolled-back

[ad_1] Cement price hikes, announced earlier this month, have reportedly been put on-hold following slower-than-expected demand through most of April, and resistance by dealers, specially in the eastern and southern regions. April exit prices are expected to remain either flat...

India, others criticise EU, UK for considering extended protection for steel

[ad_1] India and some others, including Japan, Brazil and Russia, have criticised the EU and the UK for considering an extension of the existing safeguard measures on some steel product imports beyond the current termination date of June 30 2024.“At...

NPS assets surge 27.85% y-o-y as of April 20 at ₹ 11.73 lakh crore

[ad_1] Aided by roaring equity markets, National Pension System (NPS) assets under management (AUM) recorded a robust 27.85 per cent y-o-y growth as of April 20 at ₹ 11.73 lakh crore (₹ 9.17 lakh crore), latest PFRDA data showed.The overall...

International Airlines struggle to repatriate $720 million revenue from Pakistan and Bangladesh

[ad_1] Global airlines flying to both the neighbouring countries — Pakistan and Bangladesh — are facing serious problems. They are unable to repatriate revenue of nearly $720 million ($399 million in Pakistan and $323 million in Bangladesh) as the governments...
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