CLOSED RUNWAY
Mumbai Airport Shock: IndiGo lands while Air India takes off, here's what went wrong
A close call occurred at Mumbai Airport when an IndiGo flight landed while an Air India plane was taking off, breaching the safety margin. Both airlines claimed they were following Air Traffic Control (ATC) clearances, highlighting the challenges faced by pilots and controllers in managing heavy traffic at the airport's single operational runway.
How Unacademy board tweaked targets for founders’ voting rights
Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademy’s changing ambitions as well as the broader sluggishness in the startup funding ecosystem.
Dubai Airport gets flooded following 'exceptional rain'; Videos, images show waterlogged runways and terminals
Dubai's major international airport faced disruptions as heavy rains caused widespread flooding in the United Arab Emirates. The storm, which also affected Bahrain and Oman, led to delays and cancellations, with access roads to the airport badly flooded. Climate experts suggest that human-induced climate change may have intensified the extreme weather. Schools were closed, and remote working extended as the region braced for further storms.
Mumbai airport runways to be closed for six hours on May 9, here's why
Part of Chhatrapati Shivaji Maharaj International Airport's (CSMIA) monsoon preparedness strategy, the primary runway 09/27 and the secondary runway 14/32 will be temporarily non-operational on this day for maintenance and repair purposes, according to MIAL's release.
Tiger Global's VC fund closes 63% below target with $2.2 billion
Last week’s final close of Private Investment Partners 16 fund marks the first time a Tiger venture pool attracted less cash than the vintage that preceded it.
Alteria Capital logs final close of Fund-III at $195 million
Alteria Capital will back startups that have raised venture capital funding of up to Rs 200 crore each through the venture debt fund. The fund has already deployed 50% of the total capital commitments to portfolio companies, including One Card, Renee Cosmetics, Samunnati, BlissClub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.
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Giorgio Armani showcases gorgeous, glittering gowns on Paris haute couture runway
His Armani Prive spring summer collection drew crowds to the show venue, the Palais de Tokyo, as onlookers gathered to catch the arrivals of celebrities including actors Glenn Close, Gwyneth Paltrow and Juliette Binoche.
AI testing firm RagaAI closes $4.7 million funding led by Pi Ventures
The funding round was led by AI and machine learning-focused investor Pi Ventures, with participation from Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures and Exfinity Venture Partners. The firm did not disclose the valuation at which the funding happened.
Under-repairs Delhi runway to resume ops this week: Jyotiraditya Scindia
Delhi Airport's runway - 28/10 - is set to resume operations this week, according to Civil Aviation Minister Jyotiraditya Scindia. The airport, known as India's busiest in terms of footfall, has faced significant disruptions this winter due to the closure of this runway for maintenance since September. As a result, the airport has been operating with just one runway, leading to limitations in handling low visibility conditions.
G20 summit and curbs on construction work to curb pollution delayed repair of Delhi Airport runway
The airport, India's busiest in terms of footfall, has been unable to restart runway 28/10, which has been closed since September last year. The original plan of reopening the runway in the last week of December has been postponed twice. The G20 Summit was held in the capital under India’s presidency on September 9-10, 2023, while the curbs on construction came into effect in November as Delhi grappled with severe pollution.
Work on closed runway to be complete by Jan 19: Delhi airport tells MoCA
Delayed supply of imported lights due to supply chain complexities, technical issues in the originally supplied signage following which they were replaced, and software configuration issues, have been cited as among the reasons, the sources said. Further, DIAL has mentioned about duct blockages and other unexpected challenges the during cable laying process requiring further work at multiple locations.
All four runways of Delhi Airport to be operational from first week of January
In light of recent dense fog in Delhi causing delays and diversions, the operationalization of all runways is expected to alleviate the challenges faced by passengers. Additionally, the diversion of flights during fog depends on pilots being CAT-III trained.
Unacademy has runway of four years with Rs 1,800 crore, cash burn cut by 60%: Gaurav Munjal
The cash runway will further extend to eight years because the startup continues to lower its cash burn, which is currently down 60%, he said, without specifics.
Two dead in Southern India, roads, runway submerged as Cyclone Michaung nears
Cyclone Michaung was expected to make landfall on the coast of the southern Indian state of Andhra Pradesh on Tuesday morning, the country's weather office said, with sustained winds of 90-100 kph (56-62 mph), gusting to 110 kph.
Mumbai airport: Flight ops to remain suspended temporarily for runway maintenance on Oct 17
This scheduled temporary closure is a part of CSMIA's annual post-monsoon preventive maintenance plan, the airport operator said in a statement on Friday.
Delhi airport's iconic main runway to closed for 75 days for recarpeting
The old main runway (28/10) at Delhi Airport will be temporarily closed for approximately 75 days for comprehensive recarpeting and minor repairs, starting from September 11-13. The recently commissioned runway (29R-11L) is expected to be ready for both take-offs and landings by the end of this month. As the fourth operational runway, its readiness will not impact the airport's flight handling capacity.
Delhi Airport set to get a capacity boost with new runway, taxiway
While a fourth runway will increase the number of air traffic movements per hour, an elevated taxiway connection will allow the aircraft to vacate the runway faster and shorten its taxiing time. Delhi Airport, operated by GMR Infra is the country’s largest airport and handles around 75-80 aircraft movements per hour.
Rishi Navani’s Epiq Capital closes second fund at $225 million
The venture capital firm has already backed startups such as eyewear retailer Lenskart, news aggregator Dailyhunt, fitness platform Cultfit, app development company Builder.ai, and healthtech startup Pristyn Care.
Cash runway can't be used to hide bad business models: Avnish Bajaj, Matrix Partners
Matrix Partners logs in largest India fund at $550 million. The firm began deploying its fourth India dedicated fund, originally intended to close at $450 million in size, a year ago, and has since backed 18-20 startups from the pool of capital.
Instant videos could represent the next leap in AI technology
The new video-generation systems could speed the work of moviemakers and other digital artists, while becoming a new and quick way to create hard-to-detect online misinformation, making it even harder to tell what's real on the internet.
Mumbai Airport to temporary close both runways on May 2 for maintenance work
Mumbai Airport on Tuesday said both its runways will remain temporarily closed for operations for five hours on May 2 as part of the facility's monsoon contingency plan.
Instant videos could represent the next leap in AI technology
Runway, which plans to open its service to a small group of testers this week, is one of several companies building artificial intelligence technology that will soon let people generate videos simply by typing several words into a box on a computer screen.
US stock market: S&P 500, Nasdaq snap losing streaks after jobless claims rise
Stocks rose as investors cheered data showing the number of Americans filing claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high toward the end of November.
Down rounds an acceptable option to extend cash runway, say founders, CEOs
During a panel discussion on ‘The Great Reset; tracking the profitability versus growth conundrum amidst the tech winter’ at The Economic Times Startup Awards 2022 held in Bengaluru on November 19, these executives said entrepreneurs should do “whatever it takes” to save their firms, including layoffs, slashing marketing budgets, and other measures that would cut costs.
ET Startup Awards 2022: Runway cleared for more unicorns to take flight
Govt policies are helping new-age firms generate more wealth and employment
Jet Airways lenders, ‘buyer’ clear runway for deal to take off
The 15-month delay after the National Company Law Tribunal (NCLT) had approved the plan has made lenders wary of the consortium's promises.
Huge multi-decade runway in banks, consumption going strong: Ajay Bagga
“FIIs are invested in the top end quality players and can take out Rs 2,000-3,000 crore on a daily basis and with the retail flows coming in, we have seen that gate has become even wider. So we will continue to see the suffering coming into the Indian market, not because of any intrinsic reason for our markets but because we are linked to the global play.”
After 6 hrs of runway repairs, Mumbai Airport back on track
The runway repairs and maintenance were necessitated as Mumbai gets upto 700mm rainfall in monsoons and to keep it prepared for any adversities.
Dubai airport to close one out of two runways for 45-day maintenance
During the closure of the northern runway, some services will be moved to Al Maktoum International, Dubai's second airport which is located in the south of the emirate. The northern runway last underwent extensive maintenance work in 2014, while the southern runway was refurbished in 2019.
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