Aviation maintenance and engineering company, Ramco Systems, has clinched the multi-million dollar maintenance repair overhaul (MRO) contract of national air carrier Air India for a tenure of 13 years. Ramco aviation suite will help Air India in maintaining its fleet of more than 125 plane including Boeing, Airbus, Boeing 787 Dreamliner. Aviation suite is a monitoring software that keeps tab on the well-being of aircraft parts and flag appropriate alerts on replacement when parts get worn out due to wear and tear in the maintenance and service schedule of an aircraft. Based on the software inputs, Air India could carry out MRO workshop followup like engine and component overhaul at its own facilities located in Delhi, Mumbai, Kolkata, Hyderabad, Thiruvananthapuram.
Need to sort issues before starting free-roaming: Airtel
Even as the government is hopeful of implementing free roaming in the country from next year, Bharti Airtel on Monday said issues like varied spectrum pricing and tariff in different circles need to be studied before introducing such facilities. The issue has to be viewed holistically. Its not just about one part, it includes STD...we have to look at the 22 circles in the country. Every state has different spectrum pricing. Tariffs are different, Bharti Airtel CEO (India and South Asia) Sanjay Kapoor said at an Assocham event.
Alcatel-Lucent to provide gear to Airtel for Africa ops
Telecom gear maker Alcatel-Lucent on Monday said it will supply equipment to Bharti Airtel for its mobile broadband data and video services in Africa. Alcatel-Lucent will supply advanced new IP (Internet Protocol)-based networking technology to support Bharti Airtel in delivery of new mobile broadband data and video services in Africa, Alcatel-Lucent said in a statement. The deal size was not disclosed.
Mayfairs heritage beach resort in Orissa begins ops
Mayfair Palm Beach Resort, the erstwhile Oberoi Palm Beach heritage beach resort at Gopalpur in Orissa, started commercial operations from Monday after a gap of 12 years. The resort was closed down when the Super Cyclone devastated the Orissa coast in 1999. The Mayfair Group, which acquired the heritage property in 2011, has restored and renovated the resort for the customers, said group chairman, Dilip Ray. Mayfair Group has invested R44 crore in the Gopalpur resort.
Punj Lloyd bags R528-cr project in Singapore
Diversified global conglomerate Punj Lloyd Group has bagged R528-crore project from Singapore Prison Service to construct the new prison headquarters of the Changi Prison Complex, the company said in a statement. Punj Lloyd will execute the project for the construction of four buildings and several ancillary buildings. The project will be completed over a period of 24 months.
Tata Housing not to pull out of Maldives
Tata Housing Development Company on Monday ruled out pulling out of Maldives and is discussing with the government there regarding an alternate site for a housing project following plans to construct the Supreme Court on one of the allotted sites. We are not pulling out of Maldives. We hope that in the next 1-2 months, we will have a final settlement, senior vice-president (international business and new business initiatives) Sandeep Ahuja said.
Businesses tapping India for expansion
Globalisation is no more a one way street, as a significant number of business leaders are looking for international expansion opportunities in higher growth emerging markets including India, a report says. According to assurance, tax and advisory firm Grant Thorntons International Business Report (IBR), globally, 57% of those business leaders considering international expansion are looking at the five biggest emerging economies China, India, Russia, Brazil and Mexico.
Railway min gets dividend cheques from six PSUs
Railway minister Pawan Kumar Bansal on Monday received dividend cheques of R372.78 crore for the fiscal 2011-12 from six PSUs functioning under the ministry. Managing directors of Container Corporation of Indian, Indian Railway Finance, IRCON International, Railtel Corporation of India, Indian Railways Catering and Tourism and Rail Vikas Nigam handed over the cheques separately to the minister.
Barmer refinery unviable without Cairn crude: HPCL
Hindustan Petroleum (HPCL) has told the oil ministry that its proposed R24,000-crore refinery at Barmer in Rajasthan will be unviable unless it is given all of the crude oil that Cairn India produces from oilfields in the state. HPCL asked the ministry to give firm allocation of Rajasthan crude oil for at least 10 years for it to begin work on the 9 mt a year refinery, sources with knowledge said.