Dev Kachari

Hong-Kong based-UTStarcom, a major telecom equipment provider to Bharat Sanchar Nigam Ltd, is expected to benefit from the Centre's recent decision to revive the public sector telecom company. The government's decision to inject fresh capital into the state-owned company should facilitate the payment of a 5-bln-rupee due owed to UTStarcom.

The Directorate General of Civil Aviation may not give any relaxation or extend its Jan 31 deadline for InterGlobe Aviation Ltd-run IndiGo to ensure that its entire fleet of A320neo aircraft has modified Pratt & Whitney engines, a senior official from the civil aviation regulatory body told Cogencis.

India's Act East Policy slowly takes shape in Myanmar with the Ministry of External Affairs likely to select the operator for management & operation of Sittwe port in the neighbouring country under the Kaladan Project by December 2019. A2Z Group has emerged the lowest bidder in the tender for selection of an operator for management, operation and maintenance of Sittwe port in Myanmar under the Kaladan Multi-Modal Transit Transport Project

An analysis on how the expansion plan had gone awry for Ajay Singh-promoted SpiceJet. The airline's wait for clearances to Boeing 737 MAX 8 planes after it was grounded world over, hit the airline's expansion plans.

China's Huawei Technologies Co Ltd is "seriously" considering setting up a plant in India following a cut in tax rate for new manufacturing companies, Jay Chen, chief executive officer of the telecom equipment maker's Indian subsidiary told Cogencis

The European Union Aviation Safety Agency will carry out independent assessment of Boeing 737 MAX, including sending its own pilots to the US for flight tests, it said in an email response to Cogencis.

NHAI is looking to fund majority of its projects, under the phase I of the Bharatmala programme, through budgetary allocations, market borrowings, as well as asset monetisation.

Airbus Helicopters is currently evaluating the government's preliminary information memorandum inviting expression of interest from bidders on divestment of its 51% stake in Pawan Hans Ltd, a senior official from the company told Cogencis.

IRB Infrastructure Developers Ltd, Adani Enterprises Ltd and Macquarie are among the companies mulling to bid in the third round of the toll-operate-transfer auction by the National Highways Authority of India, an official from the highways authority told Cogencis.

As Jet Airways (India) Ltd was forced to jettison most of its aircraft one by one due to non-payment to lessors, before finally shutting operations on Wednesday, competitor SpiceJet Ltd has emerged as the biggest beneficiary, not only poaching the former's pilots and ground staff, but also a part of its prized fleet of Boeing 737-800 aircraft.

SpiceJet Ltd is looking forward to getting its grounded Boeing 737 MAX 8 aircraft operational "soon" as the manufacturer has started undertaking safety software upgrade on the aircraft, a senior official from the airline told Cogencis.

On the day when the board of Jet Airways (India) Ltd cleared a recast plan to keep the cash-strapped airline afloat, its pilots are yet to decide on whether to go ahead or call off their proposed strike from Apr 1.

Adani Logistics Ltd has secured three, seven-year contracts worth 4.50 bln rupees for dredging operations on National Waterway-1 over river Ganga. In order to bolster its presence in the inland waterways network, Adani Logistics has also started operating vessels on the route with a fleet of 13-14 vessels.

SpiceJet plans to have a dedicated air cargo fleet starting with the first four freighters scheduled to be inducted by March 2019