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Hindustan Times

Immigration time cut to seconds at Delhi airport with Fast-track programme, 20 more cities will get it

18,400 individuals who are Indian passport and OCI card holders have already registered for the The Fast Track Immigration Trusted Traveller Programme (FTI-TTP)

Hindustan Times

Business News highlights Today September 19, 2024: Immigration time cut to seconds at Delhi airport with Fast-track programme, 20 more cities will get it

Business News highlights Today: Get real-time updates on the biggest news from the world of business, stock market and more.

Business Standard

Increase in airfare not linked to rise in airport charges, says ACI

Airport charges are an important element of the commercial aviation ecosystem for infrastructure development and increase in airfares is not linked to a rise in the charges, according to the Airports Council International (ACI). Against the backdrop of the International Air Transportation Association (IATA) flagging concerns over a steep rise in airport charges, ACI also said that the charges will remain a critical source of revenue for airports. "Airport charges are an important element of the commercial aviation ecosystem for infrastructure development. Failing to address the capital expenditure requirements to accommodate the projected growth could have serious socio-economic consequences," Stefano Baronci, Director General, ACI Asia Pacific & Middle East, said. In a statement to PTI, he noted that airports are highly infrastructure-intensive businesses, with their cost structures dominated by significant fixed costs for the operation and upkeep of essential infrastructure such

The Economic Times

Airfare hike not linked to rise in airport charges: Airports Council International

Airport charges are crucial for infrastructure development in aviation, says Airports Council International (ACI). Despite concerns from the International Air Transportation Association (IATA) about rising charges, ACI maintains that these fees are vital for airport revenue and do not significantly impact airfares. India's rapid aviation growth highlights the importance of maintaining infrastructure investment.

The Economic Times

Noida International Airport ties up with Statiq for EV charging infra

Noida International Airport has partnered with Statiq to provide electric vehicle charging infrastructure at the airside. Statiq will install, operate, and maintain the charging stations, which will be available to all concessionaires and airport vehicles. This initiative supports the airport's sustainability goals by enabling the use of electric ground support equipment and other EVs. The first phase includes a mix of AC and high-powered chargers.

Business Standard

Adani Energy's Kenya transmission deals still under talks: Report

News of the potential deal comes after Kenya confirmed the India-listed conglomerate is seeking another 30-year concession to run the nation's biggest airport

The Economic Times

Adani Group says have not issued any press releases related to Kenya

The Adani Group has clarified that it has not issued any statements regarding Kenya amid circulating fraudulent press releases. The company emphasised the need to verify facts from official sources. Meanwhile, a Kenyan court has suspended a $1.85 billion deal for Adani to operate Nairobi's Jomo Kenyatta International Airport, and Kenya awarded Adani a $1.3 billion contract to build power transmission lines.

Business Standard

Kenya awards $1.3 bn transmission deal to Adani amid airport lease protests

Kenya has awarded a $1.3 billion public-private partnership contract to India's Adani Group and Africa50 for the construction of power transmission lines

The Economic Times

Kenya says it has given Adani Group contract to build power lines

Kenya has granted a $1.3 billion public-private partnership concession to India's Adani Group and Africa50, a unit of the African Development Bank, to build power transmission lines. This project aims to alleviate Kenya's debt burden. However, a separate plan to lease Jomo Kenyatta International Airport to Adani has sparked controversy and protests.

Mint

Focused on north, eyeing govt sale of key properties: Bharti Real Estate CEO Sayal

The real estate arm of the Bharti Group will focus on building a $2 billion business district near Delhi airport, said S.K. Sayal, CEO and MD.

Business Standard

IndiGo passengers wait inside plane as Mumbai-Doha flight faces tech issue

Passengers of an IndiGo flight from the city to Doha waited inside the aircraft for more than four hours as the flight was delayed due to a technical issue on Sunday. Some passengers took to social media to complain about the long flight delay and that they had to wait for long. The flight was to take off on Sunday early morning. Passengers were inside the aircraft for more than four hours before they deplaned. The flight is now expected to take off later in the day from the Mumbai airport, sources in the know said. IndiGo said its flight 6E 1303, operating from Mumbai to Doha, was delayed due to a technical reason. "The aircraft tried to depart for its destination a couple of times but had to finally be called off due to the extended time lag on account of various procedural delays," the airline said in a statement. While apologising for the inconvenience, IndiGo said its airport team immediately provided assistance to the affected customers and provided refreshments and necessa

Business Standard

Harshdeep Hortico wins orders of Rs 86.61 lakh

The company has received another order from Mangaluru International Airport for supply of planters. The value of the order is Rs 21.71 lakh.

CNBC TV18

GMR Airports reports 9% growth in August passenger traffic

The Delhi International Airport, GMR’s flagship asset, registered over 6.3 million passengers in August, reflecting a 7.6% YoY increase. Shares of GMR Airports Ltd ended at ₹96, up by ₹2.07, or 2.20%, on the BSE.

Business Standard

Flight schedules may get impacted due to bad weather in Delhi: Airlines

IndiGo and SpiceJet on Friday evening said that flight schedules may get affected due to bad weather in the national capital while the Delhi airport saw diversion of one flight amid heavy rains. On Friday, heavy rains lashed parts of Delhi on Friday afternoon and the weather department has predicted more showers. An official in the know said one flight of AIX Connect coming from Bagdogra to Delhi was diverted to Lucknow due to bad weather. "It's pouring heavily in #Delhi, affecting flight schedules. If you're planning to jet off, please keep a tab on your flight status... and plan ahead, as roads leading to the airport may be waterlogged," IndiGo said in a post on X at 5.03 pm. In a post on X at 5.12 pm, SpiceJet said that due to bad weather in Delhi, all departures/arrivals and their consequential flights may get affected. "Traffic congestion and slow vehicle movement are expected enroute Delhi Airport due to heavy rains. Passengers travelling to the airport are requested to keep

The Economic Times

IndiGo, SpiceJet say flight schedules may get impacted due to bad weather in Delhi

IndiGo and SpiceJet have warned passengers that flight schedules may be disrupted due to heavy rains in Delhi. The weather department has forecast more showers, and one flight from Bagdogra to Delhi was diverted to Lucknow. Passengers are advised to check their flight status and plan their journey to the airport carefully as roads may be waterlogged.

The Economic Times

Bimaru to boom state: UP will now have a chip on its shoulder

Uttar Pradesh is transforming from a low-industrialized state to a booming electronics hub. The state has attracted significant investments, including a semiconductor plant by Foxconn and HCL Group near Jewar airport. Major projects like Samsung's mobile unit and the UP Defence Industrial Corridor are also underway, aiming for a $1 trillion economy by 2027-28.

The Economic Times

GMR plans Aerocity Projects on 1,500 acres around major airports

GMR Group is planning a significant real estate development around its airports in Delhi, Hyderabad, and Goa. The projects include industrial, commercial, and hospitality developments. Notable plans include a resort-focused development in Goa and extensive social infrastructure at Hyderabad airport. Other developers are also contributing to these aerocity projects.

The Economic Times

KPIL bags orders worth Rs 2,774 crore

Kalpataru Projects International and its subsidiaries have secured orders worth Rs 2,774 crore. These include projects in Transmission & Distribution overseas, an EPC project for airport extension from Airports Authority of India, and a residential buildings project in India. The company’s year-to-date order intake has reached around Rs 9,800 crore.

The Economic Times

Delhi and Mumbai international airports feature amongst busiest in world

Delhi's Indira Gandhi International Airport and Mumbai's Chhatrapati Shivaji Maharaj International Airport have been recognized among the world's most well-connected hubs by UK-based air consultancy firm OAG. Delhi improved its rank to 24, while Mumbai dropped to 44. IndiGo has become one of the world's largest airlines, with Delhi and Mumbai as its major hubs.

Business Standard

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

Business Standard

Airlines' group IATA flags concerns over rise in airport charges in India

Global airlines' grouping IATA on Wednesday flagged concerns about a significant increase in airport charges in India and suggested having regulations to ensure all costs can be controlled in a way that will allow more people to travel by air. In India, tariffs for major airports are approved by the Airports Economic Regulatory Authority (AERA) and in recent times, charges at some airports have gone up. Emphasising that countries should be careful around airport charges, IATA Director General Willie Walsh on Wednesday said after privatisation of some airports, "there has been an automatic increase in charges in what we have witnessed in India". "India needs to be congratulated for the investment infrastructure in recent years which will pay dividends but only if costs are controlled. At the moment, we continue to be concerned around the very significant increase in airport charges in India...," he said. He also mentioned that IATA has concerns about airport charges in a number of .

Business Standard

Lemon Tree Hotels signs new property in Pune

Lemon Tree Hotel, Pune will feature 117 well-appointed rooms, a restaurant, a bar, a meeting room, banquet facilities, a swimming pool and a spa. The Pune International Airport is about 21 kms from the property while Pune Railway Station is about 20 kms away. The hotel is also well connected by roadways for both public and private transport.

Hindustan Times

Strike at Kenya's airport causing flight delays as Adani deal suspended

A strike at Nairobi airport has led to significant flight delays and cancellations. Workers protest against a proposed 30-year lease to Adani Group.

Mint

Kenya airport workers protest deal with Adani Group, flights grounded and cancelled due to strike

Hundreds of workers at Nairobi's main airport protested against a government deal with India's Adani Group. The strike caused flight delays and cancellations, as workers feared job losses and worse conditions. A High Court has temporarily halted the deal pending a legal review.

The Economic Times

Kenya airport strike over Adani deal leads to chaos

There were chaotic scenes at Kenya's main airport overnight as staff went on strike early Wednesday over a planned takeover by an Indian company. Critics say the plan will lead to job losses for local staff and rob taxpayers of future airport profits.

Business Standard

IndiGo pays reduced Rs 70 lakh fine to BCAS over Mumbai airport incident

IndiGo has paid the reduced penalty of Rs 70 lakh imposed by regulator BCAS on the airline in connection with the incident of passengers having food on the Mumbai airport tarmac in January this year. The Bureau of Civil Aviation Security (BCAS) had imposed a fine of Rs 1.2 crore on the airline on January 18 for the incident that happened on January 14. In a filing to the BSE on Tuesday, IndiGo said that pursuant to an appeal, BCAS reduced the penalty to Rs 70 lakh through an order dated August 12. "There is a delay in submission of the disclosure within prescribed timelines since the company was in the process of reviewing the legal remedies available against the order. Post review, the Company has paid the revised/reduced penalty amount to BCAS on September 10, 2024," the filing said. Many passengers rushed out of an IndiGo aircraft at the Mumbai airport, sat on the tarmac, and some were also seen having food there as soon as their diverted Goa-Delhi flight landed after a long del

Business Standard

PhonePe, Liquid Group tie up to expand UPI QR payment service in Singapore

Walmart group's fintech firm PhonePe on Tuesday said it has partnered with cross-border payment solutions provider Liquid Group to expand its merchant acceptance network in Singapore. The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base. "We are thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travellers visiting Singapore. This popular destination is a favourite among Indian tourists, and we are excited to empower them to pay quickly and easily at their favourite food, shopping, and sightseeing spots making their travel experience even more enjoyable," Ritesh Pai, CEO of International Payments at PhonePe, said. The QR codes will be widely available at tourist-centric locations, including Changi Airport, duty-free shops, restaurants, bars, retailers like The Cocoa Trees, Hard Rock caf, sightseeing spots, and transportation services, the statement said. The collaborati

The Economic Times

India's first luxurious tarmac coach by Air India SATS launched for business class travellers

Air India SATS Airport Services Private Limited has introduced India's first luxury tarmac coaches for First and Business Class passengers at Delhi's Indira Gandhi International Airport. These electric coaches, designed for comfort with premium amenities, aim to enhance the travel experience while promoting eco-friendly operations.

The Economic Times

IndiGo pays reduced Rs 70 lakh fine to BCAS over Mumbai airport incident in Jan

IndiGo has paid a reduced penalty of Rs 70 lakh to the Bureau of Civil Aviation Security (BCAS) for an incident where passengers were seen having food on the Mumbai airport tarmac in January. Initially fined Rs 1.2 crore, the penalty was reduced after an appeal. The airline completed the payment on September 10, 2024.

Mint

Adani Airports launches 'aviio' app to provide passengers with real-time data on airport access

Adani Airports Holdings said that passengers can expect easier access through ‘Aviio’, which provides real-time data on security checks, waiting time, gate changes, and bags on belts, among other things.

Business Standard

Adani Airports launches 'aviio' to give passengers real-time access data

Adani Airports Holdings Ltd, the Adani group firm that operates seven airports in the country, has launched 'aviio' digital platform to provide passengers real-time data on variety of airport accesses - from wait times to gate change and bags on belt. Aviio aspires to bring the aviation community together to collaborate and serve passengers better, a top official said. By enabling airport stakeholders to access real-time data, passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change and bags on belt, among other aspects, he said. With this path-breaking initiative, AAHL, a subsidiary of Adani group's flagship Adani Enterprises Ltd, aims to serve the aviation community and set new standards for airport operations management and passenger experience. With seven operational airports in its stable, and one more expected to go live during the middle of 2025, this platform for B2B services has been conceptualise

The Economic Times

Adani Airports launches 'aviio' to provide real-time data on passenger, baggage flow

Adani Airports Holdings Ltd has launched 'aviio', a digital platform to provide passengers with real-time data on airport access, including wait times and gate changes. The initiative aims to enhance passenger experience and operational efficiency across its seven airports, with plans for further expansion by 2025.

The Economic Times

GMR Airports shares jump 3% on plans to acquire 10% stake in Delhi Airport

GMR Airports Infrastructure is set to acquire an additional 10% equity stake in Delhi International Airport for $126 million, increasing its stake to 74%. The seller, Fraport AG, will retain its role as airport operator. The transaction is expected to be completed within 180 days.

Business Standard

Rewa Airport gets DGCA approval; will become sixth in Madhya Pradesh

With the Directorate General of Civil Aviation (DGCA) granting operating licence to the airport at Rewa, Madhya Pradesh's Vindhya region will get a much-needed boost to expand economic and regional connectivity, Chief Minister Mohan Yadav has said. With this, Madhya Pradesh will have six airports, including Bhopal, Indore, Jabalpur, Gwalior and Khajuraho, an official said. "The Rewa Airport in the Vindhya region has received the DGCA licence. It will boost economic activity and expand regional connectivity in the state," Yadav said in a release on Monday night. Under the leadership of Prime Minister Narendra Modi, the airport will prove to be a milestone for the development of the Vindhya region under the motto of 'Developed India-Developed Madhya Pradesh', he said. "The DGCA has granted the licence to commence operations of both passenger and cargo flights," the chief minister said. The airport will improve connectivity to various cultural and historical places and boost trade, .

Business Line

GMR Airports’ Delhi airport deal attracts ‘Buy’ call from Jefferies, Kotak stays cautious

Kotak advises a “Sell” with a target of ₹74, noting recent gains but cautioning against viewing GMR Airports as a monopoly in non-aero growth.

Business Line

Kenyan court halts Adani takeover of Nairobi international airport

The order blocks a government proposal to grant Adani a 30-year lease to operate Jomo Kenyatta International Airport, East Africa's largest aviation hub, the report said

Hindustan Times

Kenyan Court grounds Gautam Adani's proposal to invest in biggest airport

A court in Kenya suspended a deal allowing Adani to run its main airport for 30 years. Legal challenges argue the proposal is unconstitutional.

The Economic Times

GMR buys out Fraport's 10% in Delhi Airport for Rs 1,058 crore

GMR Fraports Stake Buy Deal: GMR Airports has acquired Fraport's 10% stake in Delhi airport for $126 million, increasing its share to 74%. The move aligns with GMR's strategy to consolidate its core assets. Fraport had been seeking to sell its stake due to limited control and valuation differences.

Mint

GMR Airports to buy Fraport's 10% to increase stake in Delhi airport

GMR Airports will pay $126 million to acquire Fraport's stake to increase its shareholding to 74%

Business Line

GMR Group buys 10% stake in Delhi Airport, marking Fraport’s exit from India.

The share sale marks Fraport AG's exit from India after eighteen years of invesment