With strong fundamentals, India's civil aviation sector is in its "golden age" and there is also healthy competition among domestic carriers, IndiGo CEO Ronojoy Dutta has said.Interestingly, the country's civil aviation sector has been experiencing lower growth in traffic compared to previous years and there has also been softness in fares in October, according to industry experts.The traffic grew just 1.18 percent in September, as per the latest available official data.Close IndiGo, owned by InterGlobe Aviation, is the country's largest airline with a market share of 48.2 percent in September. related news Moneycontrol Flight Price Tracker | Check average airline ticket prices for Mumbai, Delhi, Bengaluru, Kolkata, Chennai, Hyderabad Grounded and inefficient aircraft bloat airline losses Promoters' feud has 'zero impact' on IndiGo, says CEO Ronojoy Dutta While acknowledging that there are problems, including high taxes on jet fuel, Dutta said there are huge opportunities … [Read more...] about ‘Golden age’ for Indian aviation sector; fundamentals strong: IndiGo chief
Fuel under recovery
An extremely skillful bunch with each speed merchant bringing in a different facet makes the current Indian pace unit best in the world, feels team's bowling coach Bharath Arun.In another fabulous fast bowling performance without injured pace spearhead Jasprit Bumrah, the Indian troika of Ishant Sharma, Umesh Yadav and Mohammed Shami collected 14 wickets in an innings and 130 runs victory over Bangladesh in the first Test.But more than the wickets, it's the impact that the pacers have created over the last 20 months has left a lasting impression.Close "I think at present we are the no. 1 team in the world. Getting there is difficult, staying there is even more difficult. I think to do that over a period of three years, you need to stay constantly hungry," Arun said after the match. related news India vs Bangladesh Test series: Kohli and co. stay in Indore for nets under lights 'The Hundred' can cause a revolution like T20, feels Yuvraj Let's see how Prithvi shapes up post … [Read more...] about India vs Bangladesh Test series: Arun lauds Umesh’s character, Ishant’s experience, Shami’s seam position
Algae is one of the hottest new biofuel materials, with over a dozen companies attempting to make the slimy stuff a viable feedstock. Most of them rely on the natural simplicity of the organism–sun and water turn CO2 from algae into fuel–and a few, including OriginOil, use LEDs to grow algae in the dark. Now a group of researchers from the Missouri University of Science and Technology wants to take OriginOil’s technique a step further and grow algae in abandoned mines. Old mines are actually an ideal location for algae. When algae are grown in outdoor ponds, scientists often fear that Still, there are some downsides. LEDs are expensive and require lots of electricity to run, so there is a danger that more energy could be used in the lighting process than is ultimately generated by the algae. That isn’t stopping the Missouri researchers. The team is experimenting with algae in artificial mines, and a real mining operation is scheduled to go online sometime in the … [Read more...] about Abandoned Mines: The New Algae-Harvesting Powerhouses?
When pro-democracy protesters smashed through the Berlin Wall 20 years ago, they shattered Communism’s grip on Central and Eastern Europe. But not all the region’s residents will be celebrating this anniversary. According to a recent survey, up to 40% of them believe that life was better before the fall of the wall, a feeling fueled by high unemployment rates and tepid wage growth; in 1989, the average Central European’s income was half of a Western European’s, and today, it’s 60%. Before yearning for the good old days, though, the nostalgic should heed Jan Grzebski, a Polish railway worker who fell unconscious in 1988 and woke up 19 years later. “When I went into a coma, meat was rationed.” Now, he said, “there are so many goods in the shops it makes my head spin… . I’ve got nothing to complain about.” — TB MONDAY, NOVEMBER 09Democratize Have an event to share? Email calendar[at]fastcompany[dot]com Visit … [Read more...] about 20th Anniversary of the Fall of the Berlin Wall
After a long wait, lenders to Essar Steel heaved a sigh of relief as the Supreme Court of India (SC) ruled in their favour, giving the Committee of Creditors an upper hand over distribution of settlement claims. The landmark ruling paves way for other cases as well.Essar Steel case: Banks cheer SC ruling, expect faster resolution in other caseEssar Steel’s lenders, who have been counting on recovery of dues from the troubled company for the last several quarters, can finally breathe easy as the apex court ruled in the favour of Committee of Creditors (CoC) in a landmark judgement on November 15.Close Indian banks add bad loans of Rs 1 lakh crore in H1FY20 related news SC order on Essar Steel to bring certainty to resolution process in line with global practices: Ficci SC order on Essar Steel to reduce long-drawn litigations: SBI Chairman Corporate Buzz podcast | Essar Steel verdict; more trouble for Vodafone Idea and Airtel; and the Singh brothers saga The top ten … [Read more...] about Banking wrap: Lenders cheer SC ruling in Essar Steel case; Indian banks add bad loans of Rs 1 lakh cr in H1FY20