AIRPORT INFRASTRUCTURE
Fund on tourism theme ‘narrow’, may not suit all investor profiles
Unleash your high-risk appetite with the new Tata Nifty India Tourism Index Fund! This fund offers a unique opportunity for bold investors to dive into the world of tourism stocks. But beware, experts warn that this fund may not be for the faint-hearted. Are you ready to take the plunge?
Bengaluru second airport: 3 new locations added. Here is the list of 7 sites under review
Karnataka plans a second Bengaluru airport by 2033 to handle 100 million passengers. An area of about 4,500-5,000 acres will be needed for the new Bengaluru project and it should have good connectivity from the city. Kempegowda International Airport in Bengaluru is currently the third busiest airport in the country.
Second international airport needed near Bengaluru; 4,500 acres land required: K'taka minister
Karnataka Minister M B Patil emphasized the need for a second international airport near Bengaluru to handle 100 million passengers annually, requiring 4,500-5,000 acres of land. He plans to consult technical experts and move the proposal to the state cabinet, aiming to develop the airport by 2033.
Bengaluru second airport: Four potential locations announced by minister
Karnataka Infrastructure Minister plans to decide Bengaluru's second airport location based on passenger load and connectivity. Lawmakers lobby for their constituencies. The minister said that the Sarjapur, Kanakapura Road, Tumakuru and Dabaspet are among the strong contenders for second Bengaluru airport.
Bengaluru Airport cargo volumes may rise 20% in FY25
Bengaluru's Kempegowda International Airport anticipates a 20% rise in cargo volume this fiscal, driven by enhanced connectivity and increased demand for perishable goods, according to sources familiar with the matter.
Passenger load, proximity to present airport would influence decision on site of second airport in Bengaluru, says Minister MB Patil
Industry and Infrastructure Minister MB Patil announced that he will soon hold a meeting with officials to decide on the location for Bengaluru's second civilian airport. The decision will be influenced by passenger load and connectivity to the existing Kempegowda International Airport (KIA).
India-Russia joint venture to get to run Mattala airport in Sri Lanka soon: Aviation minister
Sri Lanka strategically partners with India and Russia amidst 2022 financial turmoil, entrusting Mattala Airport's management for sustainable growth. The joint venture marks a pivotal step towards economic recovery, reflecting the nation's resilience and commitment to fostering strategic alliances for infrastructure development and long-term prosperity.
Digi Yatra policy should spell out all rules on passenger info deletion, suggests study
A study by NITI Aayog recommends that the Digi Yatra policy clearly outline rules for deleting passenger information post-travel, amid privacy concerns over user data. The policy states that facial biometrics are deleted 24 hours after the passenger's flight, but deletion rules for other data must be specified. Frequent cybersecurity audits, algorithmic audits, and ongoing monitoring are also advised to ensure data security and system reliability.
Delhi Airport disaster raises concern over Modi’s building spree
A deadly roof collapse at India’s busiest airport adds to a series of recent infrastructure disasters, raising safety concerns as PM Narendra Modi invests billions in transportation improvements. The incident at Delhi’s airport highlights issues with quality and maintenance in the country’s infrastructure development push.
Crumbling roofs are very far from Viksit
Delhi airport's infrastructure challenges highlight the urgent need for efficient planning and resource allocation in India by 2024.
Criminal negligence responsible for shoddy infrastructure: Congress on Delhi airport roof collapse
In addition to highlighting infrastructure failures, Mallikarjun Kharge and Priyanka Gandhi Vadra criticized the Modi government for corruption. They emphasized the need for accountability and questioned the Prime Minister's responsibility in the wake of substandard construction works.
US trade body approves funding to develop integrated aviation hub in Hissar
The US Trade and Development Agency supports the establishment of an integrated aviation hub at Hisar Airport in Haryana, aiming to strengthen India's supply chain network through enhanced cargo and logistics infrastructure. The agency's collaboration with the Haryana Airports Development Corporation reflects a shared commitment to advancing aviation capabilities in the region.
Adani Airports to chart next decade with $21 billion infusion
The business is housed under wholly owned subsidiary Adani Airport Holdings, which currently owns seven operational airports, in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram and Mangalore. Phase I of city-side development across 98 acres at airports in Mumbai, Ahmedabad, Jaipur, Lucknow and Guwahati has begun.
Noida Airport faces six-month delay, likely to be completed by next year
The Noida International Airport (NIA) completion has been delayed until at least April 2025, primarily due to slow progress on the terminal building, which faces a shortage of special-grade steel. Initially set to open earlier, this delay impacts the project's timeline significantly. Over 20% of the project remains unfinished, with the terminal's façade and waterproofing still underway. Currently, 9,000 workers are on site, completing the ATC tower and finalizing the runway. The first phase costs Rs 10,056 crore.
Karnataka's industries minister MB Patil asks his team to prepare blueprint for Bengaluru's second airport to deal with future growth
With Bengaluru’s international airport breaching projections in traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying
Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks
Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.
Buy GMR Airports Infrastructure, target price Rs 112: Anand Rathi
GMR Airports Infrastructure Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 54401.97 Crore) operating in Infrastructure sector.
India a big aviation market; good to have stronger Lufthansa-Air India partnership: Star Alliance CEO
CEO Theo Panagiotoulias highlights the importance of a strong partnership between Air India and Lufthansa within the Star Alliance to offer a unique value proposition for passengers in the Indian aviation market.
Air India ties up with Delhi Metro, DIAL to facilitate check-in for international passengers
Air India on Tuesday said it has partnered with Delhi Metro and Delhi airport to facilitate check-in for international air passengers at two metro stations in Delhi. The check-in and baggage drop facility at the Delhi airport allows passengers to check in their baggage at the metro station, giving the outstation travellers the option to explore the city baggage-free.
Load More
