AIR INDIA CEO
Air India losses narrow, but Singapore Airlines’ profit falls 44% as fuel costs rise
In its latest financial report, Singapore Airlines announced a net profit of S$134 million for the first half, down from S$239 million in the same period last year. The airline faced a more than 20% rise in expenses, driven by higher jet fuel prices that reached US$171 per barrel, marking an 86.7% increase. Nevertheless, revenue saw a boost of 16.8% to S$11.
Bigger cheques, fewer winners in India’s AI boom
Indian AI startups raised $1.6 billion in funding during the first nine months of 2026. While AI infrastructure attracted significant investments, application startups faced declining funding and challenges in securing customers. Large transactions constituted most of the total funding, highlighting a disparity in investment distribution.
CM Devendra Fadnavis says no flights will shift from Mumbai to Navi Mumbai airport; opposes proposed relocation of international services and suggests an alternative plan for Terminal 1 redevelopment
Mumbai airport news: Chief Minister Devendra Fadnavis is opposing plans to shift international flights from Mumbai airport to Navi Mumbai airport. He communicated with the union civil aviation minister regarding an alternative redevelopment proposal for Terminal 1. This plan aims to keep the existing terminal operational during its replacement construction. The Airports Authority of India holds a minority stake in Mumbai airport, while Adani Airport Holdings Ltd is the majority stakeholder.
Thomas Cook India expects higher fiscal 2028 travel bookings, delays Europe summer launch
Thomas Cook (India) anticipates a rise in passenger numbers and bookings in fiscal year 2028. The company has postponed its summer European holiday packages due to unrest and extreme weather conditions. Revenue declined in the first half, but travel demand is recovering in the ongoing third quarter. The CEO is optimistic about financial performance improving in the second half of the fiscal year.
Air India considers departed Garuda CFO for top finance position
Most recently, Kunduvara was finance chief for Garuda Indonesia, a position he recently left after holding the job for little more than a year. Prior to that, he spent more than two decades at Singapore Airlines, which is a partial owner of Air India alongside conglomerate Tata Group.
14,000+ gold, silver coins delivered per hour: Instamart, Zepto, others record rising orders as Diwali shopping shifts to q-comm
During the recent Dhanteras and Diwali events, consumers turned to quick-commerce platforms for their festive shopping needs. Significant increases were noted in purchases of gold, silver coins, and traditional items. Quick-commerce platforms reported high demand for kitchen appliances, clothing, and home decor. A marked shift was seen in consumers' willingness to shop during unconventional hours for festive essentials.
Adani Green bets on battery storage to offset grid issues
Adani Green Energy lost Rs 700 crore in Ebitda over the six months ended September. Without curtailment, its first-half FY27 Ebitda would have been about Rs 9,000 crore, against the actual Rs 8,276 crore.
Voltas names Noel Tata chairman emeritus; Q2 profit rises 53.5%
Voltas has announced the appointment of Sunil Alaric D’Souza as the new chairman. Noel Tata will step down as chairman on November 11, 2023. The company also designated Jayant Balan as managing director starting from May 25, 2027. Voltas recently reported significant financial growth with a 53.5% increase in quarterly profits. The leadership changes coincide with improved demand for the company's air conditioning products.
International airlines have choice to shift to Navi Mumbai airport or suspend operations temporarily: Adani Airports CEO
International airlines currently operating from Mumbai airport are given options to temporarily suspend operations or relocate. Discussions are ongoing with various international carriers regarding this transition. Indian airlines such as IndiGo and Air India have agreed to shift certain operations.
IndiaAI Mission's three indigenous AI models target offline mobile access, secure use in critical sectors
Three indigenous artificial intelligence (AI) models launched under the Centre's IndiaAI Mission are being developed for applications ranging from offline access on mobile phones to secure use in critical sectors such as defence, cybersecurity and banking.
Air India CEO targets lower costs, higher passenger yields to steer airline towards profitability
Air India CEO Tewolde Gebremariam said the airline is working to reduce operating costs and improve passenger yields as it pursues a financial turnaround. The plan includes bringing unit costs in line with industry levels, restructuring its Delhi network, expanding international flights from Mumbai and exploring Bengaluru as a third hub.
Adani Defence plans MRO for narrow-body aircraft engines
India is one of the world's fastest growing civil aviation markets and the country's commercial aircraft fleet is projected to triple to 2,250 over the next decade. The country is also expected to become a hub for Maintenance, Repair, and Overhaul (MRO) activities.
India needs three national carriers to compete globally, says Adani Airports CEO
Adani Airports CEO Arun Bansal emphasized the need for three national carriers to cater to India's aviation demands. He stated that strengthening domestic airlines is crucial before embracing more international competition. Passenger traffic is expected to rise, requiring robust airline ecosystems and regulatory changes. Adani Airports plans to invest significantly in infrastructure to support this growth. The company aims to expand its capacity and participate in upcoming airport privatization initiatives.
Air India CEO eyes wide-body aircraft order expansion, says profitability remains a concern
Air India CEO Tewolde Gebremariam emphasized the airline's commitment to enhancing financial performance and expanding its aircraft orders. The airline seeks to capitalize on significant growth opportunities in the aviation sector amidst current industry challenges. Gebremariam expressed the need for India to make timely decisions for its potential as a global aviation hub. Air India also aims to rethink its hubs and network structure to adapt to changing conditions.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
First Apple Intelligence features land in China, with Alibaba’s Qwen on board
The tech giant has partnered with Alibaba to bring its Qwen model into some of the experiences. Chinese users will be able to use Qwen through Siri, Writing Tools, and Visual Intelligence, enabling text and image understanding. Users can access it by signing in with a Qwen account or through Apple, the company said in a blog post.
Navi Mumbai airport presents big opportunity for IndiGo, says CEO Willie Walsh
IndiGo sets its sights on enhancing its international long haul network by shifting some flights to Navi Mumbai airport. Willie Walsh, the airline's CEO, sees this as a pivotal move for future growth. Despite opposition from other foreign carriers, IndiGo is undeterred, viewing Navi Mumbai as an essential opportunity as Terminal 1 of Mumbai airport undergoes renovations next year.
Digi Yatra starts international passenger trials at seven airports on select Air India, IndiGo flights
Touch points while travelling on select international flights operated by Air India and IndiGo. According to Ministry of Civil Aviation, the trials are being conducted at Delhi, Bengaluru, Hyderabad, Cochin, Mumbai, Chennai and Amritsar airports. Eligible passengers will be able to use the facility at terminal entry points, Security Hold Areas (SHA) and boarding gates, wherever the required infrastructure is available.
Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD
Sona BLW Precision Forgings Ltd expects to increase its annual investments from Rs 500-600 crore as it grows. The company has introduced new products like helical slip differentials and radar sensors during the September quarter. Currently, India contributes roughly 50 percent of its business, which is projected to remain stable as they expand internationally. The company aims to diversify supply chains and enhance its design and manufacturing capabilities.
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