Joint venture formed for Chandigarh international airportSeptember 17th, 2009 CHANDIGARH/NEW DELHI - A joint venture company, Chandigarh International Airport Private Limited, has been formed between the Airports Authority of India (AAI) and governments of Punjab and Haryana for the execution of a multi-million project for an international airport at Chandigarh. The JV agreement was signed between the three parties in New Delhi Thursday.
Fluor completes multibillion-dollar joint venture project in KuwaitAugust 27th, 2009 Fluor completes joint venture project in KuwaitIRVING, Texas — Fluor Corp. completed a multibillion-dollar project for a joint venture with Dow Chemical Co.
Alibaba.com may launch joint venture in IndiaAugust 4th, 2009 WASHINGTON - China's top e-commerce company, Alibaba.com Ltd. is considering establishing a joint venture in India to provide business-to-business e-commerce services, the Wall Street Journal reported.
Air India flight makes an emergency landing in NagpurJuly 3rd, 2009 NAGPUR - A New Delhi bound Air India flight (IC 466) had to make an emergency landing at Nagpur's Dr.Ambedkar International Airport on Friday morning following a complaint of technical snag. The Kochi - Delhi flight was carrying 151 passengers, including Kerala Chief Minister V.
Indian Airlines plane with 200 passengers has narrow escapeJuly 3rd, 2009 NEW DELHI - Around 200 passengers, including Kerala Chief Minister V.S. Achuthanandan and two of his cabinet colleagues, had a narrow escape Friday when an Indian Airlines aircraft they were flying in developed a technical snag and the pilot diverted the plane to Nagpur.
French firm enters India's parcel services sectorJuly 2nd, 2009 NEW DELHI - GeoPost, the express parcel arm of French postal service provider Groupe La Poste, and India's Continental Air Express Thursday announced a joint venture to offer domestic and international parcel services to Indian customers. The Foreign Investment Promotion Board (FIPB) recently approved the joint venture, DPD Continental International, in which GeoPost will hold a 60-percent stake.
India defers policy to privatise ground services at airportsJuly 1st, 2009 NEW DELHI - The government has decided to defer its policy to privatise ground services like passenger check-ins and baggage handling at airports following protests by the staff of state-run Air India and the Airports Authority of India. "The government has decided to defer the exit of all non-entitled entities from all ground handling operations at the six metro airports to Dec 31, 2009," an official statement said Wednesday.
Dubai's Damas gets India's nod for jewellery retailJune 9th, 2009 New Delhi, June 9 IANS) Dubai-based jewellery and watch trading company Damas has secured approval for a single brand retail joint venture in India with an investment of Rs.1.8 billion ($36 million), an official statement said Tuesday. The group's proposal, among the 22 others approved by the Foreign Investment Promotion Board with an investment of Rs.5.6 billion (around $110 million), calls for a joint venture in India with 51 percent equity.
Pizza Hut, KFC, Costa Coffee franchisees get Delhi airport nodJune 8th, 2009 NEW DELHI - Three companies that run popular food and beverage outlets like Copper Chimney, Costa Coffee and Pizza Hut have been awarded contracts to set up shop at the upcoming Terminal 3 at the international airport here. "Following a tender process, the successful bidders with Delhi International Airport Ltd (DIAL) will develop, operate, maintain and manage food and beverages outlets at Terminal 3, said GMR, which heads the consortium that is upgrading the airport.
Nagpur faces severe water crisisMay 1st, 2009 NAGPUR - As the mercury crosses 40 degree Celsius mark, Nagpur and its adjoining districts have started facing severe water crisis due to lowering ground water level. The water level has dropped drastically in this region since March.
Six killed in Nagpur road accidentMarch 12th, 2009 NAGPUR - Six persons were killed and six others injured when an auto rickshaw collided with a speeding truck here on Tuesday. The accident took place on the busy Nagpur-Jabalpur Highway.
Airlines owe airports operator Rs.11 bnMarch 6th, 2009 NEW DELHI - The country's airports operator, Airports Authority of India (AAI), Friday said airline operators owe it Rs.11 billion (Rs.1,100 crore), of which Air India alone has to pay RS.7 billion (Rs.700 crore). 'We are in the process of settling this issue with the airlines.
Joint ventures for air cargo, ground handling okayedFebruary 16th, 2009 NEW DELHI - The government has approved the formation of separate joint venture companies between National Aviation Co of India Ltd (NACIL) and Singapore Air Terminal Services (SATS) for cargo and ground handling activities at various airports, an official statement said. NACIL, which also owns Air India, has already bagged contracts for three projects, to be executed with SATS - a Rs.99-crore (Rs.990 million) cargo handling contract and a Rs.73-crore (Rs.730-million) ground handling contract from Bangalore airport authorities, apart from a Rs.80-crore (Rs.800-million) ground handling contract from the Hyderabad airport developer.
Government okays setting up of railway locomotive factoriesFebruary 4th, 2009 NEW DELHI - The government Thursday approved a proposal to set up two greenfield electric and diesel locomotive factories in Bihar at an estimated investment of Rs.20 billion (Rs.2,000 crore). The factories will be set up in Madhepura and Saran districts as a joint venture between Indian Railways and an international manufacturer.
Boeing signs deal with Maharashtra Airport Development Co.January 30th, 2009 NAGPUR - Aircraft maker Boeing Saturday signed a land lease agreement with Maharashtra Airport Development Co. (MADC) for setting up a $100-million maintenance, repair and overhaul (MRO) facility.
Loading ...