straight quarter on Thursday as net profit fell 20.4 percent on rising costs and falling sales that battered margins. AIRLINES
Air India has closed bookings on Boeing Co Dreamliner-operated flights "for the time being", the airline said on Thursday.
The Supreme Court has asked the aviation regulator and the industry to explain the rationale of imposing charges over and above base fares on airline passengers, appearing to disregard airlines' defence that these levies were needed to deal with fluctuating market conditions.
GMR Infrastructure and GVK Power & Infrastructure are walking out of road contracts as they are unable to get funding for these projects and not because of environmental clearance or regulatory hurdles, the National Highways Authority of India chief said.