Operations

Published By: Mayank GuptaLast Updated: March 20, 2023, 10:24 ISTMangaluru International Airport (Photo: Mangaluru International Airport)With this, the Mangaluru International Airport (MIA) now has six electric vehicles in its poolThe Mangaluru International Airport (MIA) has added two more electric vehicles (EVs) to its vehicle pool this year to attain sustainability in its routine operations.With this, the airport now has six electric vehicles in its pool, a release from the MIA said here Saturday.While five of the six…

<!----> Nokian Tyres’ latest update last night on divestment of its Russian investment confirmed it had received payment for the sale of its operations there. It had said earlier the Russian Governmental Commission on Monitoring Foreign Investments (the Russian Governmental Commission or RGC) had…

Shell Petroleum Development Company (SPDC) on Wednesday announced the resumption of oil exports from the Bonny crude oil export terminal. The resumption follows the lifting of force majeure on crude oil exports at the facility. Force majeure is a provision that relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise. The SPDC had in March 2022 declared a force majeure on the Bonny Light oil export programme beginning from 3 March, citing a decline…

Satellite launching company Virgin Orbit is starting an "operational pause" and furloughing most employees except for a skeleton crew, CNBC has reported. The company is reportedly seeking new investors to relieve financial pressure and plans to give "an update on go-forward operations in the coming weeks," a spokesperson said in a statement.  Companies like SpaceX launch heavy rockets from the ground to get satellite payloads in orbit. However, Virgin Orbit carries smaller rockets to a height of about 35,000 feet on the…

Richard Branson's Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019.Mike Blake | ReutersVirgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline, people familiar with the matter told CNBC.Company executives briefed staff on the situation in an all-hands meeting at 5 p.m. ET on Wednesday, according to people who…

The agreement furthers Jaguar Land Rover’s alignment with the Tata Group of companies as part of its Reimagine strategy.Jaguar Land Rover is partnering with Tata Technologies, the global engineering, product development and digital services company, to accelerate the digital transformation of its industrial strategy. The first phase will include the UK core production facilities, with solutions subsequently deployed to other global locations.Tata Technologies will deliver end-to-end integrated Enterprise Resource…

Blockchain.com suspends its subsidiary asset management arm which was launched in April According to a Bloomberg report, crypto financial services company Blockchain.com is suspending operations of its asset management arm, citing the prolonged crypto winter as the reason for its decision. Reports say that Blockchain.com is to pause operations. BCAM, or Blockchain.com Asset Management, was founded in April 2022 to attract institutional investors. Shortly after, the crypto industry hit a rough patch, with asset prices…

Apple Inc. is reshuffling management of its international businesses to put a bigger focus on India, according to people with knowledge of the matter, a sign of the nation's growing importance. The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country. That will give the Asian nation increased prominence inside the tech giant, according to the people, who asked not to be identified because the move hasn't been announced. Apple is making the…

Last Updated: March 04, 2023, 07:56 ISTIt could not be immediately ascertained whether IndiGo has firmed up plans on operating flights to the US and Canada. (Filr Photo)For the first time, IndiGo started operating wide-body Boeing 777 on Delhi-Istanbul route in February. The plane has been taken on wet lease from Turkish Airlines.The country’s largest airline IndiGo, which is focusing on internationalisation, has received approval from the civil aviation ministry to wet lease up to two planes for operating flights to the…

Crypto enthusiasts are hopeful that the market can turn bullish this year. However, they are taking caution while selecting projects for investments. Hence, they are keeping TMS Network (TMSN) above Binance (BNB) and Solana (SOL). TMS Network (TMSN) is in its presale phase and has already grown by around 500% in the first few days of its launch. It has also bagged an investment of $2 million in a private seed sale, and $500K in its presale so far. Binance (BNB) Gets Under The Radar Of Australian Regulators Australian…