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SpiceJet Resolves Rs 930 Mn Dispute with Aircraft Lessor
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Mumbai Airport Records 6.3% Growth in Passenger Traffic in 2024
Mumbai International Airport Ltd (MIAL) reported a 6.3 percent rise in passenger traffic, reaching 5.48 crore in 2024, compared to 5.16 crore in 2023. The airport also recorded 3,46,617 air traffic movements (ATMs), marking a 3.2 per cent increase over the previous year.December emerged as the busiest month, with 50.5 lakh passengers, showing a 3.4 per cent growth. The airport handled its highest single-day passenger movement on December 21, with 1.7 lakh travellers—1,16,982 domestic and 52,800 international.Additionally, Chhatrapati Shivaji Maharaj International Airport (CSMIA) achieved a r..
GreenLine and Mondelez Launch LNG Trucks for Sustainable Logistics
GreenLine Mobility Solutions Ltd, part of Essar's Green Mobility initiative, has joined forces with Mondelez International (India) to introduce LNG-powered trucks for sustainable product transportation. This collaboration, launched at Mondelez's Alwar facility in Rajasthan, aligns with the company's sustainability goals and ESG commitments, aiming to cut carbon emissions and enhance supply chain efficiency.GreenLine's LNG trucks, which have already reduced 8,519 tonnes of carbon emissions, provide a cleaner alternative to diesel vehicles by significantly lowering greenhouse gas emissions. Anan..
Minda to Buy 49% Stake in Flash Electronics
Minda Corporation announced on January 15, 2025, that it will acquire a 49 per cent stake in Flash Electronics for Rs 13.72 billion. This partnership aims to expand the product offerings of both companies by combining their existing portfolios to create a comprehensive range of electric vehicle (EV) solutions. Minda will acquire the 49 per cent equity stake for the stated amount, marking a significant step in its strategy to strengthen its position in the EV sector.""This partnership is a perfect fit for our long-term goals and will create substantial value for our customers and shareholders,"..
