Sector Infrastructure - Latest news, views and updates

Indian airports need to review their pricing strategies and can substantially increase their profitability by garnering more non-aeronautical revenues, according to aviation consultancy firm CAPA India. India is the world's third largest domestic civil aviation market and air traffic is on the rise. Airlines are increasing their fleet, operating more routes while airports are also expanding their capacities. Airports operated on Public Private Partnership (PPP) mode generate more non-aero revenues compared to those operated by the Airports Authority of India (AAI), the consultancy said during a webinar on Thursday. Just five PPP airports -- Delhi, Mumbai, Bangalore, Hyderabad and Cochin -- accounted for 71 per cent of the total non-aeronautical revenue in India in FY2020, while handling 53 per cent of the total traffic, CAPA India said. Despite significant increases since privatisation, Indian PPP airports still have much more headroom to increase non-aero revenue to global levels,

Infrastructure

SECTOR | 27 Jun 2024, 12:10AM

State-owned IIFCL plans to enter affordable housing segment soon

Business Standard

A wholly owned Union government company established in 2006, IIFCL provides long-term financial assistance to viable infrastructure projects

Infrastructure

SECTOR | 26 Jun 2024, 10:25AM

Peru eases Chinese port dispute ahead of president's meet with Xi Jinping

Business Standard

The government had requested in March the annulment of its decision to give Hong Kong-based Cosco Shipping Ports exclusive rights

S&P Revises Outlook For Adani Ports To 'Positive' From 'Stable'

NDTV Profit | 26 Jun 2024, 05:36AM

Infrastructure

SECTOR | 26 Jun 2024, 07:36AM

Stocks in focus today: M&M Fin, Akme Fintrade, Adani Ports, IDBI Bank

Business Standard

Stocks to watch on June 26: Vivek Karve has resigned as CFO of M&M Financial Services and Financial Services to pursue other interests

Infrastructure

SECTOR | 24 Jun 2024

Adani Ports' shares replace Wipro on Sensex

Business Line

Adani Ports stock declines 1.63% on BSE to trade at 1,461.45

Adani Ports & Special Economic Zone Share Price Live Updates 24 June 2024

Business Line | 24 Jun 2024

Infrastructure

SECTOR | 24 Jun 2024

Stocks in news: Adani Ports, Cipla, Prestige Estates, MCX, Lupin

Economic Times

Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.

Infrastructure

SECTOR | 23 Jun 2024

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers

Business Standard

India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives. Adani, 61, drew salary from only two out of the 10 companies in his ports-to-energy conglomerate, annual reports of the 10 listed entities of the group showed. His remuneration for 2023-24 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.19 crore salary and perquisites, allowances and other benefits worth Rs 27 lakh. The total remuneration of Rs 2.46 crore was 3 per cent more than the previous financial year, according to AEL's 2023-24 annual report. Besides, he drew Rs 6.8 crore from Adani Ports and SEZ Ltd (APSEZ). Adani's salary is lower than heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani has been foregoing his entire salary since Covid-19 broke out prior to which he had capped his remuneration at Rs 15 .

Infrastructure

SECTOR | 21 Jun 2024

Congestions at global transhipment ports force shipping lines to pause cargo bookings

Business Line

A communiqu issued by MSC Agency (India) Pvt Ltd here says that they have temporarily stopped bookings for US Ports due to prevailing congestion and vessel omission