Latest news with #Indian-owned
The Age
27-05-2025
- Business
- The Age
Griffin Coal set to deplete $220 million in WA taxpayer support nine months early
Failing Collie coal miner Griffin Coal is burning through its $220 million taxpayer support fund faster than the government anticipated. Premier Roger Cook revealed to parliament on Tuesday that the government had so far made $182.7 million worth of payments from the $220 million support package for Griffin Coal, which mines coal used to power the state 180 kilometres south of Perth. The package was devised in December 2023 to avoid the shutdown of Griffin Coal's mining operations in Collie, which would have cut coal supply to the privately owned Bluewaters power station and Synergy's nearby coal-fired power stations. The $220 million package was on top of $40 million in support payments already paid to Griffin. On average, Griffin is drawing down about $10.5 million from the taxpayer fund each month. At that rate, it will have expended the whole $220 million by September, despite the funding support originally slated to end in June 2026. If the Collie coal supply is impacted, it could impact the reliability of the south-west electricity grid over summer. Indian-owned Griffin Coal entered receivership in 2022 following escalating losses on the fading operation and crippling debts that reached about $1.5 billion. Cook confirmed he intended to cease funding Griffin by June next year and had reached out to stakeholders to find out what their plan was after taxpayer support ended.
India.com
26-05-2025
- Business
- India.com
Alcatel's Comeback: Merging French Innovation with Indian Vision to Redefine Smartphones
Blending French Heritage with Indian Vision: How Alcatel Is Shaping the Future of Smartphones in India New Delhi – In a conversation with Mr. Ansh Rathi, COO, and Mr. Atul Vivek, CBO of NxtCell India, we explore how Alcatel is fusing its legacy of French innovation with local insight to build a sustainable and future-ready smartphone brand in India. As India's smartphone market grows at breakneck speed, global players are adapting their strategies to meet the expectations of a digitally savvy and diverse consumer base. One such brand making a strategic comeback is Alcatel—a name synonymous with French craftsmanship and innovation. Through its partnership with NxtCell India, Alcatel is looking to redefine value, accessibility, and innovation in the Indian market. Bringing a French Legacy to Indian Hands Alcatel, a globally recognized French brand operated under license by TCL Communication, has delivered premium mobile technology to over 160 countries. Now, in collaboration with NxtCell India—a 100% Indian-owned company authorized to manage Alcatel's brand in India and other markets—the company is looking to merge its design-centric legacy with the demands of Indian consumers. 'We aim to blend French innovation with local needs,' says Mr. Ansh Rathi. 'Our goal is to provide affordable, high-performance smartphones that are both stylish and future-ready.' Strategic Vision: Local Manufacturing, Global Innovation Alcatel's India strategy centers around making advanced technology widely accessible while supporting local manufacturing. Backed by the Make in India initiative, the company plans to produce devices domestically and expand its product offerings across multiple market segments. 'Our aim is to provide AI-powered, feature-rich smartphones that meet the specific demands of Indian consumers,' notes Mr. Atul Vivek. 'From cutting-edge displays to intelligent software, we're bringing meaningful innovation to every price point.' Standing Out in a Crowded Market With India's smartphone space dominated by several global and domestic brands, differentiation is critical. Alcatel intends to set itself apart through exclusive patented technologies, such as stylus-enabled features in mid-range phones—typically seen only in premium models. 'Alcatel is not just offering specs on paper—we're delivering user-centric innovation,' says Mr. Rathi. 'And by focusing on sustainable manufacturing and strong after-sales service, we're building a responsible and reliable brand.' Value Meets Vision For Alcatel, profitability takes a backseat to trust and long-term brand loyalty. 'Indian consumers value quality and integrity,' says Mr. Vivek. 'Our approach is to offer high-value devices without compromising on performance, design, or durability.' Operational efficiency and in-house innovation allow Alcatel to keep costs competitive, ensuring premium experiences are accessible across India's value-conscious market. Driving Job Creation and R&D in India In line with its long-term commitment to the Indian economy, Alcatel plans to generate employment across manufacturing, R&D, and retail. 'We're working closely with local partners for production and exploring dedicated R&D centers to develop India-specific innovations,' shares Mr. Rathi. 'Our retail network will also expand through local distribution, creating more jobs and entrepreneurial opportunities.' What's Next: Innovation on the Horizon Looking ahead to 2025 and beyond, Alcatel plans to launch a new lineup of smartphones packed with AI-enabled features, next-generation patented displays, and full 5G compatibility. These devices are designed to keep pace with India's increasing mobile data consumption and growing demand for smarter tech. 'This is just the beginning,' hints Mr. Vivek. 'We also plan to expand beyond smartphones into other consumer tech categories—always with a focus on innovation, sustainability, and value.'
Mint
23-05-2025
- Business
- Mint
India, Pakistan extend closure of airspace for each other's airlines; Check details
India and Pakistan have extended their bans on each other's airlines from entering their airspace, the Ministry of Civil Aviation in India and Pakistan Airports Authority said in two separate statements on Friday. In a Notice to Airmen (NOTAM) issued by the Ministry of Civil Aviation, no aircraft registered in Pakistan, and operated, owned or leased by Pakistani airlines or operators will be allowed to enter the Indian airspace till June 23. The Indian airspace ban also applies to Pakistani military aircraft, according to the NOTAM. Meanwhile, Islamabad's closure bars all Indian-owned or Indian-operated airlines from entering Pakistan's airspace until 4:59 a.m. local time on June 24, as per the statement issued by Pakistan Airports Authority. It applies to 'all aircraft registered, operated, owned, or leased by India', including all Indian military aircraft, the statement said. 'This ban will also apply to Indian military aircraft. No flight operated by Indian airlines or operators will be allowed to use Pakistani airspace,' the statement said. "Under the directive, no flight operated by Indian airlines or operators will be allowed to enter or transit through Pakistani airspace,' the PAA said. The moves by the two countries come as extensions on restrictions first imposed last month amid continued tensions between New Delhi and Islamabad after the Pahalgam terror attack. Pakistan had banned its airspace for India last month after steps taken by New Delhi in the wake of the April 22 Pahalgam terror attack that killed 26 people. The ban was imposed for a month until May 23, as under International Civil Aviation Organisation (ICAO) rules that airspace restrictions cannot be imposed for more than one month at a time. The extension of the Pakistani airspace for India comes two days after the Pakistan rejected an IndiGo pilot's request to access its airspace after it was hit by a severe turbulence, the Directorate General of Civil Aviation (DGCA) said on Friday. The crew of the IndiGo flight from the national capital to Srinagar on Wednesday had sought permission to enter Pakistan airspace to avoid turbulence that affected the aircraft's exterior. However, Pakistan rejected the request.
Mint
23-05-2025
- Business
- Mint
In a tit-for-tat move, India extends airspace closure for Pakistani airlines
India and Pakistan have extended its ban for each others airlines from entering their airspace, the Ministry of Civil Aviation in India and Pakistan Airports Authority said in two separate statements on Friday. In a Notice to Airmen (NOTAM) issued by the Ministry of Civil Aviation, no aircraft registered in Pakistan and operated, owned or leased by Pakistani airlines or operators will be allowed to enter the Indian airspace till June 23. The Indian airspace ban also applies to Pakistani military aircraft, according to the NOTAM. Meanwhile, Islamabad's closure bars all Indian-owned or Indian-operated airlines from entering Pakistan's airspace until 4:59 a.m. local time on June 24, as per the statement issued by Pakistan Airports Authority It applies to 'all aircraft registered, operated, owned, or leased by India', including all Indian military aircraft, the statement said. The moves by the two countries come as extensions on restrictions first imposed last month amid continued tensions between New Delhi and Islamabad after the Pahalgam terror attack. (This is a developing story. Check back for updates)
The Sun
23-05-2025
- Business
- The Sun
Pakistan extends airspace ban for Indian airlines until June 24
PAKISTAN extended its airspace closure for all Indian-owned or Indian-operated airlines until 4:59 a.m. local time on June 24, the Pakistan Airports Authority said in a statement on Friday. The restriction applies to 'all aircraft registered, operated, owned, or leased by India' and includes Indian military aircraft, the authority said in a statement. The move extends restrictions first imposed last month amid continuing tensions between the two nuclear-armed neighbours.
