New Delhi, May 13 (IANS) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the extension of the lease period of land owned by the Airports Authority of India (AAI) and leased to MIHAN India Limited (MIL), paving the way for the transfer and long-term development of Dr. Babasaheb Ambedkar International Airport under the public-private partnership model.The decision will enable MIL to license the Nagpur airport to GMR Nagpur International Airport Limited (GNIAL) for 3…
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New Delhi, May 11 (IANS) Aviation and travel-related stocks came under sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to avoid non-essential foreign travel and adopt fuel-saving measures amid rising global uncertainty linked to the ongoing crisis in West Asia.Shares of InterGlobe Aviation — the parent company of IndiGo — led the decline among aviation counters, falling 6.88 per cent during early trade to hit an intraday low of Rs 4,276.80 apiece on the BSE.M…