The India-Gulf air routes are some of the most lucrative in the world due to several reasons, ranging from India's migrant labour traffic to business relations worth billions.
The company divested the stake by selling more than 36 million shares through block deals, one of the persons cited earlier said. “This was a normal exit.
The plane a DA42 aircraft of Austrlian make was on a training sortie for the National Flying Training Institute, Gondia.
APSEZ and France's CMA CGM have signed a pact to operate a new container terminal at Mundra Port for next 15 years with an option to extend it twice for 10 more years.
"India has a PM who has more vision than the western politicians. He takes drastic actions like note ban but gets positive feedback in the elections," Frank Appel said.
IndiGo has increased its seat-capacity to the Gulf by 40% in the past one year and now offers 26,460 weekly seats from India to Dubai, Doha, Sharjah and Muscat.
The amount will be paid in two tranches--Rs 434 crore upon signing of a definitive agreement and the balance Rs. 100 crore to be paid over 4 years on achieving milestones.
The Essar, Adani and JSW Groups, among others, are setting up LNG terminals along India’s eastern and western water margins as natural extensions to the port infrastructure.
Consolidated cargo handling across the company's five operational ports rose to 72.86 million tons in FY 2016-17.
In an interview to ET, the Adani Group scion said a focus on cleaner forms of energy will shave operating costs by as much as 10%-15% for APSEZ.
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