Hyderabad's Rajiv Gandhi International Airport (RGIA), being managed by the GMR Group, has been rated as the number one airport in India, the fifth best regional airport in Asia and also as the eighth best airport in the 5 to 10 'mppa' capacity. The World Airport Awards are the global benchmark of Airport Excellence and Quality Ranking, it added.
Author: admin (Infratructure Today)
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Now GoAir’s flights from Mumbai-Srinagar
No-frill carrier GoAir will operate direct flights between Srinagar and Mumbai from April 18 for the convenience of passengers in general and tourists particularly. GoAir will operate direct flights between the two cities, Chief Executive Officer of the airline service provider, Giorgio De Roni, said in Jammu on April 17. The carrier is exploring possibilities to operate night flights from several capital cities to Srinagar, he said during a meeting with J-K Tourism Minister Ghulam Ahmad Mir.
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IDFs set to get funds from EPFO
Following the approval of new norms by the board of the Employees' Provident Fund Organisation, the pension fund may invest part of its Rs 5 trillion corpus in infrastructure debt funds (IDFs). The new norms allow the pension fund body to invest in bonds with tenures up to 25 years and this may enable it to consider IDF
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CII chief wants RBI to work in tandem with govt to support growth
The newly elected President of Confederation of Indian Industry (CII) Kris Gopalakrishnan said the RBI must work in tandem with the government to boost economic growth. He said the Reserve Bank of India (RBI) must reduce interest rates by at least 100 bps in 2013-14. Steps like early implementation of GST (Goods and Serv
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SBI may plan to merge its associate banks with itself
Pratip Chaudhuri Chairman of State Bank of India (SBI) informed reporters that the capital condition of the bank is favourable for the merger of its associate banks with itself. Without giving a timeline for the merger, he said the bank is now open to merging its associate entities. The move will further enhance its already enormous balance shee
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Liquidity may remain in deficit mode in banking system
Liquidity in the banking system is expected to remain in deficit mode because of factors like currency leakage from the system, high government cash balance with Reserve Bank of India (RBI), experts said. According to some economists, the banking system may face liquidity deficit to the tune of Rs 1.5 trillion till September 2013 compared to Rs 1 trillion at the end of Marc
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Assocham wants RBI to issue licenses in staggered manner
In a note to the Reserve Bank of India (RBI), Assocham said the central bank may consider giving out new bank licences in a staggered manner to few players in a specific time frame given the uncertainties or volatilities associated with current business environment. The note pointed out that the granting of banking license could be a process, and not an event. The indus
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IBEF may get upto $25 mn equity capital from IFC
India Business Excellence Fund IIA (IBEF IIA), which caters to the capital requirement of Small and Medium Enterprises (SMEs), may get upto $25 million funding from the International Finance Corporation (IFC). The proposed investment by IFC may boost further equity funding to capital constrained SMEs looking for growth capital
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SAIL to focus on upgrading captive mines
In order to meet the increase in iron ore requirement following the expansion of its steel plant, Steel Authority of India (SAIL) is in the process of upgrading its captive ore mines. The company plans to raise its iron ore production to 39 million tonne per annum in line with its mega expansion plan of producing over 23.6 million tonne per annu
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Uttam Galva, Posco mull Rs 160 bn steel project
Reports suggest that Uttam Galva Steels is holding talks with South Korean steel major Posco to set up a 3 million tonne per annum (mn tpa) steel plant in Maharashtra at a cost of Rs 16,000 crore. Reports also indicate that both the companies plan to form a joint venture for the project and the world's leadin