Latest news with #MemorandumofUnderstanding
Time of India
3 hours ago
- Business
- Time of India
IndiGo shares in focus after doubling Airbus A350-900 order
Shares of InterGlobe Aviation , the parent company of IndiGo, are expected to be in focus on Monday after the airline announced it has signed a Memorandum of Understanding (MoU) with Airbus to convert 30 purchase rights into firm orders for Airbus A350-900 wide-body aircraft . This effectively doubles its earlier order of 30 jets placed in April 2024. 'IndiGo, India's most preferred airline, announces the further strengthening of its fleet by signing an MoU with Airbus to enlarge its wide-body aircraft order by converting 30 aircraft out of its purchase rights for 70 into a firm order. This is yet another step in defining the airline's long-term plans for international expansion,' the company said in an exchange filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Egypt (Prices May Surprise You) Container House | Search ads Search Now Undo This decision takes IndiGo's total firm order for the Airbus A350-900 to 60 aircraft, with purchase rights for an additional 40—marking a decisive step in the airline's global ambitions. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Deliveries of these aircraft are expected to begin in 2027. The A350-900, powered by Rolls-Royce's Trent XWB engines, will offer extended range and fuel efficiency, supporting IndiGo's plans to connect Indian metros with global destinations. This expansion aligns with the airline's strategy to diversify beyond its traditionally domestic-focused operations and offer customers more international travel options. Live Events Earlier in March 2025, IndiGo also began preparations for its long-haul operations with six temporarily leased wide-body jets, five of which are scheduled for delivery by 2026. The aggressive fleet ramp-up underscores IndiGo's intent to secure a strong foothold in international aviation markets. IndiGo Share Price Performance Over the past year, IndiGo shares have gained 28.16%. On a year-to-date (YTD) basis, the stock has risen by 16.16%. In the last six months, it has climbed 22.00%, while over the past three months, it has surged 19.04%. For the one month, the stock posted a more modest gain of 1.71%. The shares of IndiGo closed flat at Rs 5,333.45 on the BSE on Friday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
11 hours ago
- Business
- Time of India
Kavitha urges CM to cancel GHMC monsoon tenders
Hyderabad: BRS MLC and Telangana Jagruthi founder K Kavitha on Sunday wrote an open letter to chief minister A Revanth Reddy, urging the latter to cancel the tenders floated for monsoon emergency teams and instant repair teams in the Greater Hyderabad Municipal Corporation (GHMC). She claimed that some officials were trying to favour certain companies in awarding tenders related to emergency works for the monsoon season in Greater Hyderabad. She accused officials in the GHMC engineering department of acting in a manner that discriminates against BC contractors from Telangana. Kavitha said that regulations have been framed in such a way that only vehicles from a foreign company are utilised for these tasks. "The said foreign company has only two showrooms in Hyderabad, and the managers at these showrooms are refusing to sign Memorandum of Understanding (MOUs) with contractors from Telangana. Even when Telangana-based contractors manage to obtain MoUs from dealers in Karnataka, officials pressure them to submit physical copies within a short deadline," she said. She pointed out that, in the past, separate tenders were issued for each of the 150 wards in the GHMC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo However, tenders are now being consolidated into just nine zones, which, she said, is causing financial losses for local contractors. BRS MLC noted that the vehicles specified under the new regulations are incapable of transporting even one cubic meter of material, whereas previously used vehicles could carry two to three cubic meters. Kavitha stated that these changes, which benefit a single company and two contract agencies, are imposing an additional burden of Rs 5.85 crore annually. She urged the chief minister to cancel these tenders immediately and revert to ward-wise tender invitations, which she said would help 150 local contractors.
Hans India
2 days ago
- Business
- Hans India
Amaravati to have Quantum Valley Park
The Andhra Pradesh IT Department has officially confirmed the establishment of Quantum Valley Park in Amaravati, following the ratification of the Quantum Valley Technology Park Memorandum of Understanding (MoU). The state government has entered into agreements with three prominent companies—Tata Consultancy Services (TCS), Larsen & Toubro (L&T), and IBM—to spearhead the construction of this ambitious project. As part of its contribution, IBM plans to install a 156-qubit Quantum System-2 at the Quantum Park, heralding a new era in quantum computing capabilities. TCS will focus on delivering quantum computing services, innovative solutions, and hybrid computing strategies, alongside essential quantum research initiatives. Meanwhile, L&T will apply its engineering expertise to effectively manage client networks and support emerging startups within the park. The Quantum Valley Technology Park is anticipated to be completed by January 1, 2026, marking a significant milestone in the region's technological landscape.
Barnama
2 days ago
- Politics
- Barnama
Top News Headlines In Cambodia, Indonesia, Myanmar, Thailand, Singapore & Vietnam: May 31, 2025
Cambodia and Thailand will adhere to the 2000 Memorandum of Understanding on the survey and demarcation of the land boundary. Both governments agreed to adopt all existing mechanisms, especially the Joint Boundary Commission, to resolve border issues. The Tourism Ministry launched the "Visit Cambodia " campaign during the green season to woo more tourists to the Kingdom. The aim is to boost tourism during the green season, usually the rainy season when tourist numbers drop. The Health Ministry has reported a decline in the national stunting rate among children, from 21.5 per cent in 2023 to 19.8 per cent last year, marking progress toward reaching President Prabowo Subianto's 14 per cent target although experts warn substantial efforts are still needed to maintain progress. 2. PALACE CLARIFIES: PRABOWO TOASTED MACRON WITH APPLE JUICE, NOT ALCOHOL -- JAKARTA GLOBE The Presidential Palace clarified on Friday that President Prabowo Subianto was drinking non-alcoholic apple juice -- not wine -- during a toast with French President Emmanuel Macron, following online speculation about the beverage's contents. The two leaders were photographed clinking glasses during a state dinner at the Merdeka Palace on Wednesday, with golden-coloured drinks in hand. MYANMAR 1. GOVT OUTLINES STRATEGY TO RESET ECONOMY -- THE GLOBAL NEW LIGHT OF MYANMAR The government will focus on three key pillars to reboot the economy following the March 28 earthquake. The first is humanitarian relief and social protection and the second and the third pillars relate to infrastructure reconstruction and economic revival and reform. 2. MINISTRY TO TIGHTEN E-CIGARETTES RULES -- THE GLOBAL NEW LIGHT OF MYANMAR The Health Ministry said a survey last year revealed tobacco users in Myanmar have declined. Still, there is a rise in the use of electronic nicotine delivery systems like e-cigarettes. The ministry called for stricter control measures to curb the vice. SINGAPORE 1. MACRON TOUTS 'POSITIVE NEW' ASIA-EUROPE ALLIANCE AMID US-CHINA RIVALRY -- THE STRAITS TIMES French President Emmanuel Macron urged Asia and Europe to work together in a new coalition based on common principles to push back against the inevitability of being caught between global superpowers. 2. FRANCE'S MACRON CALLS FOR ASIAN COALITIONS AS HE WARNS OF US-CHINA DIVISIONS -- CNA French President Emmanuel Macron said on Friday (May 30) that division between the two superpowers, the United States and China, is the main risk currently confronting the world as he emphasised the need for building new coalitions between Paris and partners in the Indo-Pacific. THAILAND 1. RTA ISSUE STATEMENT TO RESOLVE CLASH POINT IN CHONG BOK AREA -- THE NATION The Royal Thai Army (RTA) is preparing to issue a statement on Friday to resolve the recent clash point in the Chong Bok area, Ubon Ratchathani province. 2. PM VOWS B157BN FOR TOURISM POT -- BANGKOK POST Prime Minister Paetongtarn Shinawatra said she aims to inject 157 billion baht to stimulate the tourism sector, with a focus on improving safety and convenience for visitors, along with efforts to boost the sector in general. VIETNAM 1. QUANG NINH TO TAP MUSLIM-FRIENDLY TOURISM -- VIETNAMPLUS The northern province of Quang Ninh wants to transform into a Muslim-friendly tourist destination by building a halal tourism sector. The aim is not only to woo foreign visitors but also to showcase Vietnam's religious diversity. 2. LARGE-SCALE VIETNAMESE LYCHEE PROMOTION -- VIETNAMPLUS Hai Duong province launched the 2025 Thanh Ha lychee harvest season and trade conference yesterday to promote the fruit. Hai Duong has 8,800 hectares of lychee with an estimated production of 65,000 metric tonnes. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
Iraq Business
2 days ago
- Business
- Iraq Business
Iraqi Airways closer to Removal of EU Ban
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a key meeting with representatives from the International Air Transport Association (IATA) to track progress on lifting the European Union's ban on Iraqi Airways. During the session, the IATA delegation and the Head of the Iraqi Civil Aviation Authority (ICAA) presented a detailed update, confirming that 71% of the agreed corrective action plan has been implemented. Discussions also explored the signing of a potential Memorandum of Understanding (MoU) between Iraq and IATA to further formalise collaboration. The review included compliance with IOSA (IATA Operational Safety Audit) and EASA (European Union Aviation Safety Agency) standards, with IATA affirming improved operational performance and pledging continued support through technical training to bolster aviation governance in Iraq. Topics also covered included airport security, pilot development programmes, and the importance of aligning Iraqi Airways with global aviation service standards in areas such as cargo, ground services, and fuel operations. (Source: PMO)
