Navi Mumbai Airport To Begin Flights On 25 December
Kolhapur Airport Gets Revised Funding Approval
The Maharashtra government has approved a major revision in funding for the expansion of Kolhapur Airport, issuing fresh administrative and financial approval totalling Rs 2.9 billion. The allocation, formalised through a Government Resolution (GR) dated 17 November, covers the completion of land acquisition and associated works. The decision follows a proposal from the Maharashtra Airport Development Company (MADC), which oversees airport development across the state. As per the GR, the revised budget provides for acquiring 30.25 hectares of land. This includes 26.65 hectares identified thro..
Sarla Aviation To Build Major eVTOL Hub In Andhra Pradesh
Sarla Aviation will set up a large-scale manufacturing hub for electric vertical take-off and landing (eVTOL) aircraft in Andhra Pradesh after signing an MoU with the state government at the CII Partnership Summit 2025 in Visakhapatnam. The Bengaluru-based firm has committed an initial investment of Rs 13 billion to develop a 500-acre integrated campus in Anantapur district. Branded the “Sky Factory”, the project is positioned as one of the world’s largest eVTOL production clusters and will support the state’s plans to expand local aerospace manufacturing and urban air-mobility infras..
Kotak, Federal Eye Deutsche Bank’s India Retail Unit
Kotak Mahindra Bank and Federal Bank are evaluating a potential acquisition of Deutsche Bank’s retail and wealth management operations in India, according to reports. This marks the German bank’s second attempt in eight years to exit the segment in the country. Both Indian lenders have examined the portfolio and are negotiating valuations. The assets under consideration include personal loans and a portion of mortgage accounts. While the precise mix has not been independently confirmed, Deutsche Bank’s wealth management arm in India is reported to manage assets of around Rs 250 billion...
