Lufthansa Group

In order for an airline to operate a scheduled flight between two countries, there must be a "bilateral air services agreement" in place

Lufthansa

After two consecutive years of losses, Germany's flag carrier Lufthansa said that it had once again made a profit in 2022, as international air traffic recovered from the Covid-19 pandemic.

Germany

Thousands of flights to and from German airports were cancelled Friday as workers walked out to press their demands for inflation-busting pay increases.
The strikes at seven German airports, including Frankfurt, Munich and Hamburg, affected almost 300,000 passengers and forced airlines to cancel more than 2,300 flights.
Christine Behle of the Verdi labour union told public broadcaster RBB-Inforadio that failure to reach a meaningful deal with employers on pay could result in a summer of chaos at German airports.
The union is seeking a 10.5 per cent increase for its members, or at least 500 euros, to make up for high inflation seen in Germany and elsewhere last year due to the knock-on effects Russia's attack on Ukraine has had on global food and energy prices.
Verdi chairman Frank Werneke told weekly Frankfurter Allgemeine Sonntagszeitung that the willingness among its members to stage strikes was big and future walkouts could reach another dimension.
He noted that recent strikes 

chart

The grounding of passenger planes at a time of increased demand for everything from medical supplies to iPhones has boosted freight rates

The tail of a Lufthansa airplane is seen outside a Lufthansa Technik maintenance hangar at Malta International Airport outside Valletta, Malta.Photo:Reuters

Lufthansa Cargo is increasing capacity to India and looking for partnerships with other airlines to grow its share in the fast growing market.Lufthansa Cargo has 10 per cent share of India's international freight traffic and seeing 9 per cent growth in the market in 2017 which is higher than its overall 6-7 per cent growth the cargo division is witnessing globally. It has increased weekly frequency to Mumbai to four from three flights earlier to cater to the growth. "We have a strong presence in India and we expect our market share to increase. India has been among one of our fastest growing markets this year," said Peter Gerber, chief executive officer of Lufthansa Cargo.In addition to its ten weekly freighter flights to India covering Mumbai, Bengaluru, Chennai and Hyderabad, the airline offers belly space in passenger aircraft which operate to India. Apart from increasing its flights the airline is also focused on opening new customer segments, digitization and expanding ...

Lufthansa Cargo may add flights to Delhi

Expects boost in air freight demand as manufacturing expected to get a filiip under Make in India

Indovative Products, a Delhi-based start-up that manufactures currency packaging products, submitted its bids but was rejected on the technical ground that it lacked "past experience"

Bank Note Paper Mill

Discount brokers have sustained the rise of the equity cult and gained market share. Now the old guard looks to strike back

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

markets, demat account

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect

Auto sales continue to slide in Dec, likely to remain subdued for some time

Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Stock market, NSE

The Law Commission has recommended rolling out registration of e-FIRs in a phased manner beginning with offences bearing up to three years jail term.
In a report submitted to the government earlier this week and made public on Friday, the law panel proposed setting up a centralised national portal to facilitate registration of e-FIRs.
It said e-FIRs will tackle long persisting issue of delay in the registration of FIRs and allow citizens to report crimes in real time.
In his letter to Law Minister Arjun Ram Meghwal, Law Commission Chairman Justice Ritu Raj Awasthi said, "Due to the march of technology, means of communication have progressed in leaps and bounds. In such a landscape, clinging on to an archaic system of registering FIRs does not augur well  for criminal reforms.

Police

Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week

Bitcoin, cryptocurrency

Pakistan has witnessed several severe terrorist attacks in the recent past. The presence of al-Qaeda and Taliban terrorists constitutes an existential threat to Pakistan's stability

Pakistan blast

Amid a row over Ramesh Bidhuri's derogatory remarks in the Lok Sabha against him, BSP MP Danish Ali on Friday urged Prime Minister Narendra Modi to make a public statement condemning Bidhuri's behaviour and ensure "suitable punishment" to the BJP MP.
In a letter to the prime minister, Ali also demanded that he be provided enhanced security in view of an "escalation of threats" against him.
The recent incident during the special session of Parliament was not just an attack on him as an individual but an attack on the "very essence of democracy", Ali said.
Expressing grave concern as a Member of Parliament over the "recent shameful events" that occurred on the floor of the House, the BSP leader called on the prime minister, as the Leader of the House, to take note of the incident.
"As you must be aware, the situation has significantly worsened since September 21, 2023, and it has cast a shadow over the parliamentary decorum and democratic functioning of our esteemed House of which I

Kunwar Danish Ali

Delhi Chief Minister Arvind Kejriwal on Friday said pollution levels declined in the national capital due to government initiatives as he announced a 15-point winter action plan to curb pollution.
The number of days witnessing severe pollution levels declined in the last eight years due to several initiatives of the city government, such as the introduction of electric buses and the EV Policy, closure of thermal power plants, 24X7 electricity and the tree transplantation programme, among others, he said at a press conference.
Kejriwal also thanked the people of Delhi for their support in helping the government reduce pollution levels.
Announcing the winter action plan, Kejriwal said the Pusa biodecomposer that prevents stubble burning will be sprayed on 5,000 hectares of farmland this year against 4,400 hectares last year.
The Pusa biodecomposer, developed by the Indian Agricultural Research Institute (IARI), is a microbial solution that can turn paddy straw into manure in 15-20 ..

Arvind Kejriwal

Five resolutions placed by KRBL were rejected, including that of increasing remuneration of managing director (MD) and chairperson, three joint MDs and one whole time director

Just a few days before Invesco’s notice, proxy advisory firm Institutional Investors Advisory Services (IIAS) had asked Zee shareholders to vote against Kurien and Chokhani.

Corporate governance, Shareholders

Multi-sector investment firm IQuest Enterprises will acquire the active pharmaceutical ingredients (API) business of Viatris in India for an undisclosed amount.
The investment firm has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India, IQuest Enterprises said in a statement on Monday.
IQuest emerged as the preferred investor following a global competitive bid, it added.
As part of the deal, the company will acquire six API manufacturing facilities, three each in Vizag and Hyderabad, an R&D facility in Hyderabad, and third-party API sales.
"We are excited about our largest investment in the pharmaceutical sector till date. Our investment comes at an opportune time when India is drawing significant attention amongst the global pharma industry," IQuest Enterprises Executive Director Gunupati Swathi Reddy noted.
IQuest Enterprises is a multi-sector investment company. It has invested in various entities like AIG ...

pharma, medicine, drugs

Vedanta group firm Hindustan Zinc Ltd on Monday said its production of mined metal dropped marginally by one per cent to 2,52,000 tonnes in the second quarter of the ongoing fiscal.
Hindustan Zinc Ltd's (HZL) mined metal production was 2,55,000 tonnes in the second quarter of the previous fiscal.
"Mined metal production in the second quarter at 252kt, marginally down YoY and two per cent down sequentially mainly due to lower ore production at Rampura Agucha & Kayad mine partly offset by better overall metal grades," HZL said in a filing to BSE.
The company's refined metal output in the second quarter at 2,41,000 tonnes, dropped by two per cent over the corresponding quarter of previous fiscal.
"Integrated zinc production at 185kt, down 2 per cent as compared to 2QFY23 and down 12 per cent sequentially.
"Refined lead production at 57kt, flat as compared to 2QFY23 and up 12 per cent sequentially on account of pyro plant operations on Lead mode during this quarter," the filing ...

Hindustan Zinc, Udaipur

A passenger was arrested for allegedly attempting to open the emergency exit door of an Indigo flight from Nagpur to Bengaluru prior to take-off, police said on Monday.
The man identified as Swapnil Holey had boarded Bengaluru-bound Indigo flight 6E 6803 from Nagpur at around 10 pm on September 30, they said.
According to police, the passenger was seated next to the emergency exit door of the aircraft. Before takeoff, while the crew members were briefing passengers, the man allegedly attempted to open the door.
After the flight landed at the Kempegowda International Airport here at 11.55 pm, Holey was escorted by the airline's staff to the police station, a senior police officer said.
He was scheduled to take a flight to Bangkok on October 1, police said.
Based on the complaint filed by the airline staff, an FIR under section 336 (Act endangering life or personal safety of others) of the Indian Penal Code was registered and the accused passenger was arrested in connection with the

indigo, flights, aircraft, aviation

The incidents of Left Wing Extremism (LWE) have declined by 52 per cent in Chhattisgarh in the last five years and 589 villages have been freed from clutches of the menace, the state government said on Monday.
The Chhattisgarh government's statement came a day ahead of Prime Minister Narendra Modi's visit to Jagdalpur, the headquarters of Bastar district, one of the seven districts in the Naxal-affected Bastar division.
The release said the state government under the leadership of Chief Minister Bhupesh Baghel has been working with the idea of 'Gadhbo Nava Chhattisgarh' (creating a new Chhattisgarh) and marching ahead with a three-pronged strategy of trust, security and development.
The basic policing of the state has succeeded in winning the public's trust and the state government's zero tolerance policy has resulted in curbing incidents of crime, it said.
There has been a 52 per cent decline in incidents of Naxal violence from 2018 to 2022, the release said.
As many as 314 schoo

army, naxal, Chhattisgarh, bastar, security forces

Lufthansa Cargo

Easing bilateral rights will help Indian carriers: Lufthansa executive

Germany's flag carrier Lufthansa registers profits after Covid slump

Thousands of flights to and from German airports cancelled as staff strikes

Airlines are removing seats to make space for gadgets and seafood

Lufthansa Cargo increases India flights to increase freight traffic share

Lufthansa Cargo may add flights to Delhi