
SpiceJet signs MoU with GHAC for Covid-19 vaccine delivery from Hyderabad
SpiceJet said on Thursday it has signed an agreement with the GMR Hyderabad Air Cargo (GHAC) to ensure seamless delivery of the coronavirus vaccine from the Hyderabad airport to domestic and international markets.
Hyderabad and its surrounding districts have a number of pharmaceutical companies. The Hyderabad airport, which is managed and operated by the GMR group, is expected to be a key hub in transportation of Covid-19 vaccine domestically and globally.
In a press release, SpiceJet said as part of the Memorandum of Understanding (MoU), the GHAC will provide required space at the Hyderabad airport “on priority” for the airline’s vaccine shipments and it will also train the airline’s personnel.
“SpiceJet on its part will keep a dedicated fleet of freighters, including wide-body aircraft, at the Hyderabad airport to handle all domestic and international consignments,” the release added.
As part of this MoU, SpiceXpress – the cargo arm of SpiceJet – envisions to provide efficient, speedy and reliable solutions for vaccine delivery, while also creating a sustainable cold chain network, according to the release.
“SpiceXpress aims to provide the first mile pick up and last mile delivery to carry Covid-19 vaccines across the domestic and international markets in a temperature-controlled environment,” it added.

AirAsia CEO says company may launch flying-taxi business in 2022

Covid rescue plan clears hurdle as US economy shows gains

Muthoot Group chairman MG George passes away: All you need to know

A weak week for gold: Here's how the bullion fared

Centre, states need to discuss fuel taxes, says Sitharaman
- In an interaction with members of the Indian Women’s Press Corps (IWPC), Sitharaman said that consumer sentiment about the tax burden on auto fuel was understandable.

Reliance to bear the cost of covid shots for its staff
- Nearly 1.1 million vaccine doses were administered to people above the age of 60 and those in the 45-59 age group till Thursday.

Govt plans to scrap 6,000 compliances
- Mohapatra said the idea came during Modi’s meeting with Marriott International president and chief executive Arne Sorenson, who complained about the complex regulations in starting and running a hotel in India.

ICICI cuts home loan rates to a decadal low
- ICICI Bank’s move comes days after rival lenders such as State Bank of India (SBI), Kotak Mahindra Bank and Housing Development Finance Corp. Ltd cut their home loan rates.

Voting on corp resolutions compulsory for MFs: Sebi
- These votes will have to be disclosed to unit holders under existing regulations. Voting will be at the MF level (rather than scheme level).

Toyota SUV sales may skid on gaps in chipset supply
- Supply of vehicles from Maruti Suzuki India Ltd—as part of the alliance with Suzuki Motor Corp—has helped Toyota increase its domestic market share in the premium hatchback and entry-level SUV segment, where it was not present before.

Total factories in India grew by 2% in 2018-19
- The top three states by GVA were Maharashtra, Gujarat, and Tamil Nadu. They had a share of 41% in the total GVA. Rural India added nearly as much GVA (49%) as urban India (51%).

How do India’s fuel taxes impact the less affluent?
- Using average consumption shares to calculate the burden of an indirect tax has a problem.

India says OPEC+ decision to extend oil output cuts will hit economic recovery

Gender inequality has cost world USD 70 trillion since 1990, finds report

Gold price falls further to ₹44,344, sets retail buyers on buying spree
- Retail buyers continued to purchase gold in India as prices declined to a near one-year low.