Decision to permit pvt airlines to fly abroad pragmatic: CII
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New Delhi: Industry body CII on Wednesday termed as &quot;bold and pragmatic&quot; the government&#39;s decision to allow private operators to fly on international routes and said the move would harbour healthy competition among the airlines.
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[India News]: New Delhi, Oct 20 : The Indian government Wednesday cleared a proposal to hike foreign investment limit in the domestic civil aviation sector to 49 percent from the existing cap of 40 percent.
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BANGALORE, India  - India has sounded out the  United States to consider buying advanced F-16 fighter jets for  its air force, but Washington is yet to decide on the matter,  U.S. ambassador David Mulford said Tuesday.
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THE HAGUE (THE NETHERLANDS): Assuring foreign investors of continuity in policies and that India will never become an &quot;international liability,&quot; Prime Minister Manmohan Singh said there was no question of going back on the economic reforms initiated 13
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THE Prime Minister, Dr Manmohan Singh, said it was his &quot;duty and obligation&quot; that, whenever he travelled abroad, he should seek to promote India and that he did not believe he had said or done anything wrong.
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In a move that could boost the aviation sector in India, the Union Cabinet on Wednesday approved a proposal to hike Foreign Direct Investment (FDI) ceiling in civil aviation from 40% to 49%.
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Cathay Pacific Airways , Hong Kong's flagship airline, will support any possible bid made by Air China group for China Eastern , chief executive Tony Tyler said on Wednesday.
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NEW DELHI: International air fares from India seem set to drop 15-20% with the Union Cabinet on Wednesday deciding to open up foreign skies - sans Gulf - for fresh competition from established domestic players Jet Airways and Air Sahara.
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India&#39;s military on Tuesday said it will go ahead with plans to allow trekkers to visit the Siachen glacier, rejecting protests of rival Pakistan against opening the high-altitude area to tourism.
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British billionaire Richard Branson said his Virgin Group wants to increase flights to India and invest in the Indian domestic carrier business to tap into a fast-expanding passenger market.
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The government on Tuesday asked airlines to turn over information they collected on passengers who traveled in June, the first step in a controversial plan to screen for terrorists.
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BEIJING, Dec. 28 -- British Airways is considering flying to new mainland destinations to take advantage of a more liberal air services regime between China and Britain.
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New Delhi: The United Progressive Alliance (UPA) government on Wednesday hiked foreign direct investment (FDI) limit in the civil aviation sector from 40 to 49 per cent but barred foreign airlines from holding stakes.
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&quot;This is the first step for Iraqi Airways. We hope to expand our services to Dubai within. many foreigners still choose not to come.
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The issue of India&#39;s entry into a strategic partnership with the European Union also came up during the discussion. The Prime Minister, who is in The Hague to participate in the India- European Union Summit
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Taiwan is ready to meet China&#39;s demands for resumption of cross-Strait charter flights, paving way for direct transport links disrupted by more than 50 years of dispute over sovereignty.
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(InfoWorld) - Verizon Business, a unit of U.S. communications service provider Verizon Communications, has applied for a license to provide international long-distance services in India. The move reflects Verizon's recognition of the growth potential of Asian markets, Verizon Business said Wednesday. Leading multinational telecommunications services companies have applied for licenses to operate national and long-distance telecommunications services in India, to take advantage of a new policy that liberalized direct foreign investment in telecommunications services companies. Before the new policy, some multinational telecommunications services companies including Verizon were offering services in India through cooperation agreements with local licensed service providers. New government rules, announced in 2005, allow companies with foreign ownership of up to 74 percent to offer telecommunications services in the country. Before this rule, foreign investment was limited to 49 percent, which deterred foreign carriers from setting up operations in India. AT&T's majority-owned Indian joint venture, AT&T Global Network Services India was awarded licenses last year by the Indian government to operate national and international long distance telecommunications services from the country. AT&T holds 74 percent of the equity in the joint venture. BT Telecom India, an Indian joint venture of BT Group, applied to the Indian government in November for licenses to provide national and international long-distance services. The government awarded it letters of intent in December, as a first step to the award of licenses. As part of its expansion in India, BT announced Tuesday that it has signed an agreement for the acquisition of i2i Enterprise, a Mumbai-based enterprise services company specializing in IP (Internet Protocol) communications services for Indian and multinational companies. The acquisition would be through its Indian joint venture, BT said. I2i already has licenses to provide international and national long-distance services, Internet services, and Internet telephony services. Verizon is planning to offer its telecommunications services to multinational companies that are expanding in India, as well as Indian companies expanding abroad. It has set up a joint venture, Verizon Communications India, with India's Leo Communications, a part of the Videocon Group of Mumbai. Verizon will hold a 74 percent stake in the joint venture, while Leo will hold the balance 26 percent. Verizon Business is one of three operating units of Verizon Communications, and delivers IP, data, voice and wireless services to large business and government. In India, Verizon Business plans to offer a full range of services to multinational customers, including MPLS (Multiprotocol Label Switching), international private leased circuits and IP VPNs (virtual private networks).