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Business Standard
4 days ago
- Business
- Business Standard
Dunes Air enters private aviation market, to offer premium charter services
Under this vertical, the company will offer aircraft charter services to business leaders, high-net-worth individuals, and discerning travellers Press Trust of India Mumbai Ahmedabad-based private aviation firm Dunes Air has announced its entry into the air charter business with the launch of its premium chartered services. Under this vertical, the company will offer aircraft charter services to business leaders, high-net-worth individuals, and discerning travellers, its co-founder Ritesh Hada said. The airline is positioning itself as a premium air carrier delivering efficient, private and flexible flying experiences, Hada said. The non-scheduled operator currently operates two aircraft the Cessna Citation CJ2+, a jet suited for fast intercity routes, and the Cessna 208B Grand Caravan, known for its short takeoff capabilities and suitability for regional and remote destinations. Dunes Air said it is also set to induct a Challenger jet into its fleet, enhancing its long-range and luxury offerings, and supporting the growing demand for premium aviation services. The firm has already connected major metros and tier-2 cities, serving corporate leaders and catering to urgent medical evacuations, destination weddings, spiritual journeys, and other time-sensitive needs, Hada said. Other co-founders of the joint venture include Shaishav Shah, Ketan Gajjar, Navneet Agarwal, Tanuj Pugalia and Himanshu Shah. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
22-05-2025
- Business
- Business Standard
Gen Z, millennials prioritise learning, growth in career choices: Survey
The 2025 Deloitte Global Gen Z and Millennial survey is based on insights from a global lens, with responses from 809 Indian professionals - 505 Gen Zs and 304 millennials Press Trust of India Mumbai As the workplace continues to evolve with automation, GenAI, and changing expectations, a Deloitte survey on Thursday revealed that career progression and learning opportunities are among the top factors driving job decisions of India's young workforce. "India's Gen Zs and millennials are not just adapting to the future of work, they're shaping it. With 85 per cent engaged in weekly upskilling and a strong preference for on-the-job learning, they're building agile, purpose-driven careers aligned with technologies like GenAI," says Saraswathi Kasturirangan, Chief Happiness Officer, Deloitte India. For employers, this is a call to build cultures anchored in growth, innovation, and continuous learning, she said, quoting the 2025 Deloitte Global Gen Z and Millennial Survey. The survey further found that career progression and learning opportunities are among the top factors that are driving job decisions for the young workforce. However, there is a mentorship shortfall as around half respondents who seek active mentorship from managers but far fewer receive it, the survey stated. The 2025 Deloitte Global Gen Z and Millennial survey is based on insights from a global lens, with responses from 809 Indian professionals - 505 Gen Zs and 304 millennials. The survey revealed rising doubts about the value of traditional education, as many questioned whether formal degrees alone are enough in a fast-changing job market. Over 94 per cent of Gen Zs and 97 per cent of millennials said they value hands-on experience over theory, it added. Further, the survey also found that 52 per cent of Gen Zs and 45 per cent of millennials are dissatisfied with the quality of higher education, and the corresponding numbers are 36 per cent and 40 per cent for cost concerns. Meanwhile, it revealed that 33 per cent of Gen Zs and 29 per cent of millennials in India said they feel stressed or anxious all or most of the time. Over 36 per cent of Gen Zs and 39 per cent of millennials in India said that their job is a factor contributing a lot to their feelings of anxiety or stress, it stated. "Organisations need to relook at how they prioritise employee happiness and well-being. Physical, mental, and financial well-being are closely interconnected and need to be addressed in tandem at the highest levels of leadership," Saraswathi added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
20-05-2025
- Business
- Business Standard
300 km of viaducts completed for Mumbai-Ahmedabad bullet train: NHSRCL
Each full-span box girder weighs 970 metric tonnes, and segmental girders are used selectively in locations where full-span installation is not feasible Press Trust of India Mumbai With the launch of a 40 metre-long girder near Surat in Gujarat, 300 km of viaducts for the Mumbai-Ahmedabad bullet train project has been completed, the National High Speed Rail Corporation (NHSRCL) said on Tuesday. According to the NHSRCL, of the 300 km of the superstructure, 257.4 km is constructed through the Full Span Launching Method (FSLM), including 14 river bridges, 37.8 km through Span by Span (SBS), 0.9 km of steel bridges (10 spans ranging from 60 to 130 m in 7 bridges), 1.2 km PSC bridges (20 spans ranging from 40 to 80 metres in 5 bridges) and 2.7 km in station building. Besides the viaducts, 383 km of pier work, 401 km of foundation and 326 km of girder casting has been completed for the 508-km bullet train project, the agency said. FSLM has significantly accelerated construction, as full-span girder erection is up to 10 times faster than conventional segmental methods, NHSRCL said. Each full-span box girder weighs 970 metric tonnes, and segmental girders are used selectively in locations where full-span installation is not feasible. To facilitate construction, 27 dedicated casting yards were established along the corridor. Steel bridges are fabricated in seven workshops spread across the country, three in Gujarat, one each in Uttar Pradesh, Tamil Nadu, Maharashtra, and West Bengal, the NHSRCL said. The agency said more than 3 lakh noise barriers have been installed along the viaducts to mitigate noise during operations. Track works over viaducts have also started, and around 157 track km of RC (reinforced concrete) track bed construction has been achieved so far in Gujarat. It further said that thematic Bullet Train stations are also rapidly taking shape. These stations will be integrated with rail and road-based transport systems to provide seamless travel to passengers and will be equipped with state-of-the-art passenger amenities. "The project has supported the use of indigenously designed and manufactured equipment such as straddle carriers, launching gantries, bridge gantries, and girder transporters for construction," NHSRCL stated, adding that this marks a first for Indian infrastructure, showcasing India's growing capabilities in high-speed rail technology with the support from the Japanese government. The total cost of the Mumbai-Ahmedabad High-Speed Rail Corridor project is pegged at Rs 1.08 lakh crore, and as per the shareholding pattern, the Government of India is to pay Rs 10,000 crore to the NHSRCL, while the two states involved, Gujarat and Maharashtra, are to pay Rs 5,000 crore each. The rest is to be paid by Japan through a loan at 0.1 per cent interest. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
17-05-2025
- Business
- Business Standard
Maharashtra govt approves shipbuilding policy to develop maritime infra
Recognising the significant importance of the maritime sector in driving economic and industrial growth, the state has identified the need to develop foundational infrastructure in this domain Press Trust of India Mumbai The Maharashtra government has approved a shipbuilding policy to develop the state's maritime infrastructure and promote ship repair and recycling activities, an official said on Saturday. The Maharashtra Shipbuilding, Ship Repair, and Ship Recycling Facility Development Policy 2025 was approved in the last cabinet meeting, and a Government Resolution (GR) was issued on Friday, he said. The decision is expected to boost the shipbuilding, repair, and recycling industries and attract new projects. The move will also help the central government earn valuable foreign exchange. Recognising the significant importance of the maritime sector in driving economic and industrial growth, the state has identified the need to develop foundational infrastructure in this domain. While the government has the Maharashtra Maritime Development Policy 2023 to regulate and develop small ports along the state's coastline, the new policy now has provisions specifically for shipbuilding, repair, and recycling. Maharashtra's strategic location on India's west coast presents a substantial opportunity for the construction of new vessels, maintenance of existing ships, and organised recycling of decommissioned ships. According to the GR, the state aims to encourage private sector participation in building the necessary infrastructure. The initiative will also help generate new employment opportunities, as there is a need to develop a skilled workforce at various levels, increase cargo handling capacity, and attract investments in the port sector. The Central government's ambitious programmes Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 have outlined goals for shipbuilding, repair, and recycling, with Maharashtra targeting a one-third share of the national effort. To achieve this, the state aims to encourage small and medium enterprises, create jobs, promote innovation through R&D investments, and enable collaboration. The new policy outlines three development models, including maritime shipyard clusters, under which clusters of shipyards will be built to promote industry growth and efficiency, standalone shipyards to encourage individual shipyards to operate and provide specialised services, and developing shipyard projects at ports. Private sector participation will be encouraged under all three models. These projects will enable the construction and repair of Indian vessels, enhancing the country's presence in maritime transport and reducing foreign exchange outflow, the GR stated. As per the policy, private entrepreneurs will receive capital subsidies of 15 per cent of the project cost, and it will be disbursed in four equal instalments during the construction phase, each after 25 per cent of the work is completed and the final instalment once commercial operations commence. Developers or private entities setting up skill development facilities for shipbuilding, repair, or recycling will receive 60 per cent of the project cost or Rs 5 crore, whichever is lower, the GR stated. Apart from this, an annual financial aid of 50 per cent of the incurred cost or Rs 1 crore, whichever is lower, will be provided for employee skill development or upskilling. The state has also approved capital assistance up to 60 per cent of the facility cost or Rs 5 crore, whichever is lower, for developers or private institutions setting up shipbuilding, repair, or recycling facilities, it was stated.
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Business Standard
14-05-2025
- Business
- Business Standard
Women hold just 33% of entry-level roles in private jobs in India: Report
It showed that women hold just one in three entry-level private sector roles and only 24 per cent of manager positions, signalling a wide gap between potential and actual representation Press Trust of India Mumbai Workforce gender gap begins early in India with women holding just one in three entry-level private sector roles and only 24 per cent of managerial positions, a report said on Wednesday. In India, despite forming half of the university graduate pool, women continue to face systemic barriers to entry, advancement, and retention in formal employment, according to McKinsey & Company's 'Women in the Workplace' report. It showed that women hold just one in three entry-level private sector roles and only 24 per cent of manager positions, signalling a wide gap between potential and actual representation. The report is based on insights of 324 organisations across India, Nigeria, and Kenya employing roughly 1.4 million people, including 77 private sector organisations from India (having a total of 9 lakh employees). The gender imbalance in India is further highlighted by a seven-year age gap at the entry level where women average 39 years compared to men at 32 years, the widest gap across all three countries studied. This suggests that many women start formal employment later or stagnate, remaining in entry-level roles longer before advancing, said the report. Further the report found that at entry level women face much lower promotion rates compared to men. A man at the entry level is 2.4 times more likely to be promoted to a managerial position than a woman in the same role. At the same time, women are 1.3 times more likely to leave their positions than men at this stage, it stated. This results in a compounding effect of low promotion and high attrition and becomes a bottleneck in the early-career talent pipeline, resulting in only 24 per cent of manager roles held by women, it added. "Gender equity in the workplace is not just a moral or social imperative, it is a strategic one. As India sets its sights on becoming a USD 8 trillion economy by 2035, fully integrating women into the formal workforce is developmentally foundational. Our research shows that while many organisations recognise the importance of diverse management and teams, progress remains uneven," McKinsey & CompanySenior Partner Vivek Pandit said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
