The government has given the long-awaited security clearance to billionaire Prem Watsa's proposed investment in the GVK-led Bangalore International Airport (BIAL). A GVK spokesman confirmed the development and said this will pave the way for the deal “to be concluded very soon”. Sources said the security clearance had been recommended by the Ministry of Home Affairs several months earlier. The Ministry of Civil Aviation however had kept some approvals pending and sought several clarifications from both parties as well as from the Karnataka state government. Indian-born Watsa's Toronto-based Fairfax Group had in March last year, announced its decision to buy a 33% stake in BIAL from GVK Group for Rs 2,149 crore, valuing the eight-year-old airport at about Rs 6,500 crore. A month la
The confusion surrounding the metro rail link to Kempegowda International Airport (KIA) finally seems to have been cleared with the Centre agreeing to fund the project costing Rs.6,000 crore. The cost would be shared on a 50:50 basis by the Union and the State governments. Minister for Bengaluru Development K.J. George and Union Minister of State for Aviation Jayant Sinha discussed at a meeting on Friday various routes that could connect the city and the KIA. Mr. George told reporters that nine such alternative routes have been identified by RITES Ltd., an engineering consultancy company. After finalising a route, a proposal seeking the Centre’s funding would be submitted to the Union Aviation Ministry. The route would be finalised after consultations with all stakeholders, he sai
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Yatra.com, an Online Travel Agent (OTA), has tied up with Truecaller allowing new users to sign up on Yatra’s Android mobile application using their Truecaller account providing a convenient and seamless experience. Speaking on the partnership, Sharat Dhall, COO (B2C), Yatra.com, said, “At Yatra, we are constantly thinking of new and innovative ideas to make user interface simple and convenient for our customers and the partnership with Truecaller is a firm step in that direction. Truecaller’s TrueSDK will help in instant user verification, hence simplifying the app onboarding experience.” Commenting on this partnership, Priyam Bose, Director of Worldwide Developer Relations, Truecaller, said, “Truecaller’s TrueSDK has become the right fit for users and app businesses alike in fulfil
Vistara has started the year on a high, quite literally, with the announcement of two new routes to northern India. In March 2017, Singapore Airlines’ Indian carrier will launch its first services to the Punjabi city of Amritsar, and Leh, the Himalayan tourist destination in Jammu & Kashmir. The expansion will commence on 1 March with the launch of flights from Delhi to Amritsar, and will continue a week later on 8 March with services from Mumbai to Amritsar. Both routes will start with six weekly flights before moving to daily in the summer. Then on 25 March Vistara will start flying between Delhi and Leh. Initially flights will only run on weekends, but they will increase to daily from 10 May 2017. Vistara operates a fleet of Airbus A320sVistara’s CEO, Phee Teik Yeoh, C
The Press Trust of India (PTI) reports that the national carrier will set aside six seats per aircraft for women on all its domestic routes from next week. The third row of economy class – three seats either side of the aisle – would be designated for female travellers. This applies to the airline’s domestic flights operated using its fleet of Airbus A320 aircraft. The move comes into force on 18 January 2017. The policy only applies to solo female travellers, and not to women travelling with other family members.