Indian oil refiners are hiring tankers to sail through the Strait of Hormuz to pick up crude from within the Persian Gulf, a change of tactics to help them cut costs and secure their supply chains.
Air India Ltd.’s incoming Chief Executive Officer Tewolde Gebremariam is considering folding the no-frills Air India Express unit into the group as he tries to cut costs to counter record losses, according to people familiar with the matter.
India’s space program notched a successful rocket launch on Friday, placing an Earth-observation craft into orbit as New Delhi works to sharpen its satellite-based surveillance capabilities.
Air India Ltd. is close to securing 100 billion rupees ($1.1 billion) in financial aid from its owners Tata Sons Pvt. and Singapore Airlines Ltd., according to people familiar with the matter, as the carrier grapples with the fallout from a turbulent year.
India launched search-and-rescue operations for crew members of cargo ship MV OCEAN WINNER in the Bay of Bengal after receiving a distress alert on Aug. 22.
India‘s External Affairs Minister S. Jaishankar will visit Russia and co-chair the 27th India-Russia Inter-Governmental Commission meeting on trade, science, technology, and culture.
India garnered over $65 billion through special foreign currency deposits from its 35 million-strong diaspora, latest figures from the central bank showed Saturday.
Pakistan condemned a statement by the American ambassador in New Delhi that referred to a disputed territory as an “important part of India,” underscoring tensions between the nations over Jammu and Kashmir.
Airbus SE discovered hydraulic system faults on an Air India Ltd. jet that dropped about 300 feet in mid-flight last week, according to a preliminary assessment by the planemaker.
Air India Group will screen its more than 5,000 pilots for psychoactive substances in an unprecedented one-time action, according to an internal email, after a captain allegedly tested positive for illegal drugs following the mid-air plunge of its Phuket-Delhi flight.
Akasa Air is looking to raise 10.5 billion rupees ($110 million) through equity and debt, people familiar with the matter said, as India’s youngest airline seeks funds to overcome challenges brought on by the Iran war.
Akasa Air aircraft in Mumbai. Photographer: Punit Paranjpe/AFP/Getty Images
India is considering options including holding talks with Iran in order to secure safe passage for at least nine laden tankers waiting in the Persian Gulf, as attacks in the waterway threaten an already fragile interim ceasefire.
India is considering options including holding talks with Iran in order to secure safe passage for at least nine laden tankers waiting in the Persian Gulf, as attacks in the waterway threaten an already fragile interim ceasefire.
India is considering options including holding talks with Iran in order to secure safe passage for at least nine laden tankers waiting in the Persian Gulf, as attacks in the waterway threaten an already fragile interim ceasefire.
Airlines in the Persian Gulf are looking to snap up earlier delivery slots for Boeing Co. and Airbus SE aircraft that may be freed up as Air India Ltd. discusses potentially deferring some orders, according to people familiar with the matter.
Skyroot Aerospace Pvt announced that it was gearing up for the debut launch of Vikram-1 — India’s first privately designed and developed orbital rocket — between July 12 and August 4, in what would be a critical milestone for the country’s first space unicorn after facing several delays.
Skyroot co-founder and CEO Pawan Kumar Chandana. Source: BusinessWire
Adani Ports and Special Economic Zone Ltd. secured a $1.4 billion investment commitment from Mediterranean Shipping Co., winning crucial capital to accelerate expansion and signaling investor confidence in the conglomerate’s growth plans.
The Vizhinjam transshipment container port in Vizhinjam, India.
India has sent two ships back to the Persian Gulf for the first time since February this year and they have crossed the Strait of Hormuz, Randhir Jaiswal, spokesperson for the country’s Ministry of External Affairs, told reporters in New Delhi.