Spicejet gets permission to operate flights to US
National carrier Air India is currently the only Indian airline operating flights to the US after all international commercial air passenger services were suspended since March 22, in the wake of travel restrictions due to the Covid-19 pandemic.
By hindustantimes.com| Edited by Sabir Hussain | Hindustan Times, New delhi
UPDATED ON JUL 23, 2020 06:19 PM IST
Budget airline SpiceJet on Thursday said it has been designated as the “Indian scheduled carrier,” to operate flights to the United States.
The airline will be the first Indian budget carrier to operate services to the US. It did not say when the services will begin.
National carrier Air India is currently the only Indian airline operating flights to the US after all international commercial air passenger services were suspended since March 22, in the wake of travel restrictions due to the Covid-19 pandemic.
In a regulatory filing SpiceJet said it has been designated as an Indian scheduled carrier to operate on agreed services between the two countries according to the terms of the Air Services Agreement between India and the United States, SpiceJet said in a regulatory filing, according to PTI.
SpiceJet chairman and managing director Ajay Singh said, “I have always maintained that there is an opportunity in every adversity and the present crisis situation has seen SpiceJet rise to the occasion and play a pivotal role.”
He also said the designation as an Indian scheduled carrier to operate between India and the US would help the airline in planning its international expansion in a much better and calibrated manner.
Singh that the airline operated over 4300 cargo flights carrying over 24,000 tons of cargo and over 400 charter flights to bring back thousands of stranded Indian nationals back home during the pandemic and has “worked non-stop and contributed in whatever manner possible.”
Sensex opens 250 pts higher at 50,678; Nifty begins session above 15,000-level
UPDATED ON MAR 08, 2021 09:27 AM IST
Sensex opens 250 pts higher at 50,678; Nifty begins session above 15,000-level.
Gold price recovers from 9-month low: Here's why
By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON MAR 08, 2021 07:59 AM IST
Last week, the price of the precious metal suffered a huge fall. However, a stronger-than-expected US non-farm payrolls data helped it recover somewhat.
How govt plans to push health spending to target of GDP’s 2%
By Zia Haq, Hindustan Times, New Delhi
UPDATED ON MAR 08, 2021 06:02 AM IST
- Despite decades of strong economic growth, the country’s spending on health care is barely 1% of GDP, way below Brics peer nations, resulting in serious supply-side deficits of facilities and professionals.
Birla Sun Life plans to raise ₹5,000 crore via share sale
By Anirudh Laskar, Hindustan Times, Mumbai
UPDATED ON MAR 07, 2021 11:54 PM IST
- Aditya Birla Sun Life Asset Management has started talks with potential merchant bankers for the IPO, which is likely to be launched in the June quarter, said the people cited above.
Ola aspires to pull off a Tesla, but affordably
By Madhurima Nandy, Hindustan Times, Bengaluru
UPDATED ON MAR 07, 2021 11:42 PM IST
- The Bengaluru-based firm plans to start production as early as in June. That’s audacious, given that the land—260 acres for the plant and 240 acres for two supplier parks—is still in excavation mode.
Zostel claims victory in legal row with OYO
By Tarush Bhalla, Hindustan Times, Bengaluru
PUBLISHED ON MAR 07, 2021 11:37 PM IST
- The term sheet executed between the two parties in 2015, promised ZO Rooms’ shareholders 7% of Oyo.
Suitors make a beeline for 26% stake in BEML
By Malyaban Ghosh, Utpal Bhaskar
PUBLISHED ON MAR 07, 2021 11:32 PM IST
- Bharat Forge Ltd and Megha Engineering and Infrastructure Ltd may also submit expressions of interest for the government’s stake in BEML, the people said on condition of anonymity.
Biz confidence at India Inc soars to 10-year high
By Rajeev Jayaswal, Hindustan Times, New Delhi
PUBLISHED ON MAR 07, 2021 11:24 PM IST
- The survey captures the mood of the industry for the two quarters ending June 30, 2021.
Junk your old car, get 5% rebate from automakers on new purchase: Gadkari
PTI, New Delhi
PUBLISHED ON MAR 07, 2021 10:29 PM IST
Nitin Gadkari said, automated fitness tests will be set up under public private partnership (PPP) mode while the government will assist private partners and state governments for scrapping centres.
Gold prices down over 20% from highs. Should you invest?
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON MAR 07, 2021 06:40 PM IST
Gold has been falling for the past few months and has lost more than 20% in value from the highs witnessed in August last year.
RBI: India Inc's overseas direct investment falls by 31% to USD 1.85 billion
PTI, Mumbai
PUBLISHED ON MAR 07, 2021 06:27 PM IST
Domestic companies made investments of USD 2.66 billion in their overseas subsidiaries and joint-ventures in the year-ago month, February 2020.
Elon Musk’s historic wealth gains unravel with $27 billion loss
Bloomberg
PUBLISHED ON MAR 07, 2021 05:04 PM IST
Musk’s fortune hasn’t been solely subject to the forces buffeting the tech industry. His net worth has risen and slumped recently in tandem with the price of Bitcoin.
How to check PF balance without Universal Account Number
By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON MAR 07, 2021 02:49 PM IST
- For checking EPF balance without UAN number, users will need to log into their account through the EPF homepage at epfindia.gov.in.
On cryptocurrency, Anurag Thakur says ‘innovation welcomed, must evaluate ideas’
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 06, 2021 09:09 PM IST
Anurag Thakur’s remark comes days after the Reserve bank of India (RBI) governor Shaktikanta Das flagged “major concerns” about the impact of cryptocurrencies on financial stability.
Opted for continuity in deciding tax devolution to states: FC chairman N K Singh
PTI
UPDATED ON MAR 06, 2021 07:39 PM IST
- The 15th Finance Commission has recommended that states be given 41 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26, which is at the same level as was recommended by the 14th Finance Commission.