81 AAI Airports Record Rs 108.53 Billion Loss in 10 Years
Eighty-one airports operated by the Airports Authority of India (AAI) have collectively incurred losses of Rs 108.53 billion over the past 10 financial years, with 22 of these now non-operational. The figures were presented in the Rajya Sabha on 4 August by Minister of State for Civil Aviation Murlidhar Mohol in response to a query from Congress MP Jebi Mather Hisam.From 2015–2016 to 2024–2025, Safdarjung Airport in Delhi reported the highest losses at Rs 6.74 billion, followed by Agartala at Rs 6.05 billion, Hyderabad at Rs 5.65 billion, Dehradun at Rs 4.88 billion, and Vijayawada at Rs 4..
Mahindra to Boost South Africa Plant Output by Two-Thirds
Mahindra & Mahindra Ltd. is set to expand capacity at its South African assembly plant by two-thirds, targeting rising demand for budget vehicles in the continent’s largest economy. The facility, located near the port city of Durban, currently produces the Mahindra Pik-Up and will see output rise to 1,500 units a month from 900, according to Rajesh Gupta, CEO of the local unit. The company is also considering assembling additional models such as the Bolero and Veero pick-ups.Economic stagnation in South Africa has fuelled demand for more affordable cars, with Mahindra, Suzuki Motor Corp...
GIFT City, GTU Partner to Boost IFSC and Fintech Education
Gujarat International Finance Tec-City (GIFT City) on Tuesday signed a memorandum of understanding with Gujarat Technological University (GTU) to enhance collaboration in International Financial Services Centre (IFSC) education, fintech innovation, and research.Under the agreement, both institutions will jointly develop specialised courses, training programmes, and certification modules, while establishing a dedicated centre of excellence focused on opportunities within GIFT IFSC and emerging trends in financial technology.“This collaboration with GTU will help create a future-ready talent p..
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