"I applaud [Indian government's move to restrict any increase in foreign flying rights]. And whatever the Indian government is doing is good for the aviation companies in India," Izham Ismail, group managing director, Malaysia Aviation Group, told Mint in an interview.
This makes Ismail the first and only foreign airline boss to have spoken in favour of the Indian government's stance to not increase foreign flying rights, or bilateral rights, with countries that are aviation hubs with a strong airline. A list of such countries includes Dubai, Qatar, Singapore, and Turkey.
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Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesnât have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the worldâs largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India
SBI set to raise $1.25 bn, India's biggest bank loan of 2024
State Bank of India plans to borrow up to $1.25 billion, in what would be the largest dollar-denominated loan from the country's financial sector this year, said two people in the know.
Festival retail auto sales up 12%: Fada
Festive period sales from 3 Oct to 13 Nov came in at about 4.3 mn units, compared to last year's 3.8 mn units