Latest news with #HyderabadAirport
Time of India
7 days ago
- Business
- Time of India
Lokesh proposes ‘Data Embassies' for digital revolution
Vijayawada: The INVESTOPIA Global Andhra Pradesh Summit witnessed four key sessions that showcased the state's ambitious roadmap toward a $2.5 trillion economy by 2047. From digital innovation to global data collaboration, the sessions brought together top minds and policymakers, with Andhra Pradesh IT minister Nara Lokesh delivering a compelling vision for the state's future. Speaking during the "Digital Infrastructure and Innovation" session, minister Lokesh emphasised the potential of data centers as economic catalysts, comparing them to how Hyderabad Airport transformed Telangana's economy. "We saw this opportunity back in 2017–18 and envisioned Visakhapatnam as India's Data City. Now we are accelerating that journey," he said. In the session on "India–UAE Partnerships," Lokesh pitched the concept of Data Embassies, proposing that India's data could be hosted in the UAE and vice versa. "This kind of government-to-government collaboration will define the next digital age," he noted. The "Future of Education and Quantum Tech" session highlighted Andhra Pradesh's focus on emerging technologies. Lokesh announced that India's first 150-qubit quantum computer will be installed in Amaravati, unlocking new opportunities in curriculum design, research, and high-tech investments. Finally, the session on "Economic Vision 2047" centered around India's broader goal of becoming a $30 trillion economy. Lokesh reiterated Andhra Pradesh's target of contributing $2.5 trillion to India's GDP by 2047, driven by youth, innovation, and world-class infrastructure. "These are exciting times. We have the talent, the drive, and the vision. With the right partnerships, AP can lead India's digital revolution," said Lokesh.
Hans India
20-07-2025
- Hans India
Hyd-Phuket AI Exp flight returns due to tech snag
Hyderabad: An Air India Express flight (IX 110) from Hyderabad to Phuket on Saturday returned to its origin shortly after it took off due to technical snag, Rajiv Gandhi International Airport sources said. The aircraft, Boeing 737 Max 8, which was carrying 98 passengers, landed safely back at 6.57 am, they said. "One of our flights returned to Hyderabad shortly after take-off due to a technical issue. The crew elected to return out of an abundance of caution," an Air India Express spokesperson said in a statement. An alternative aircraft was arranged, and the flight has since departed. Refreshments were provided to guests during the delay, the official further said. "We regret the inconvenience caused and reiterate that safety remains our top priority in every aspect of our operations," it added. According to website, the flight took off at 6.40 AM but landed back a few minutes after it took off from Hyderabad Airport. It took off again at 1.26 PM for Phuket, Thailand.
Indian Express
19-07-2025
- Indian Express
Hyderabad-Phuket Air India Express flight returns due to technical snag
An Air India Express flight (IX 110) from Hyderabad to Phuket on Saturday returned to its origin shortly after it took off due to technical snag. The aircraft, Boeing 737 Max 8, which was carrying 98 passengers, landed safely back at 6.57 AM, they said. 'One of our flights returned to Hyderabad shortly after take-off due to a technical issue. The crew elected to return out of an abundance of caution,' an Air India Express spokesperson said in a statement. An alternative aircraft was arranged, and the flight has since departed. Refreshments were provided to guests during the delay, the official further said. 'We regret the inconvenience caused and reiterate that safety remains our top priority in every aspect of our operations,' it added. According to website, the flight took off at 6.40 AM but landed back a few minutes after it took off from Hyderabad Airport. It took off again at 1.26 PM for Phuket.
India Today
19-07-2025
- India Today
Air India Express Hyderabad-Phuket flight returns to base soon after take-off
An Air India Express flight from Hyderabad to Phuket was diverted back to its base shortly after takeoff on Saturday morning. Flight IX 110 took off from Hyderabad Airport at 6:40 according to flight tracking service FlightRadar24, the aircraft turned around and returned to Hyderabad soon after take-off. The flight remained in the air for only 16 minutes before turning The reason for the diversion is not yet known. An official statement from Air India Express is a separate incident, earlier this week, an Air India Express flight bound for Dubai was grounded at Lucknow's Chaudhary Charan Singh Airport on Wednesday after the pilot refused to take off due to a technical issue detected during engine IX 193 was scheduled to depart from Hyderabad at 8:45 AM with 160 passengers and 8 crew members on board. Shortly after starting the engines, a technical fault was noticed, prompting the pilot to alert airline officials and air traffic control (ATC) the cancellation, some passengers were issued refunds, while others were provided hotel accommodation by the airline.- EndsMust Watch
Yahoo
26-05-2025
- Business
- Yahoo
GMR Airports Ltd (BOM:532754) Q4 2025 Earnings Call Highlights: Strong Income Growth Amid ...
Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. GMR Airports Ltd (BOM:532754) reported a 16% year-on-year increase in total income for Q4 fiscal 2025, driven by traffic growth and non-aero revenues. The company achieved a better margin of 51% in Q4 fiscal 2025, up from 48% in the previous year. Delhi Airport's total income rose 24% year-on-year, driven by traffic growth and commercial property development. Hyderabad Airport saw a 21% year-on-year increase in passenger traffic for Q4 fiscal 2025. GMR Airports Ltd (BOM:532754) has been recognized globally, with Delhi Airport ranked as the 9th busiest airport in the world and awarded the best airport in India and South Asia. GMR Airports Ltd (BOM:532754) reported a loss from continuing operations of INR 2.9 billion for Q4 fiscal 2025, compared to a loss of INR 2.1 billion in the previous year. Interest expenses increased by 27% and depreciation by 30% due to capitalization of expansion CapEx. Goa Airport experienced a 5% year-on-year decline in passenger traffic for the quarter. The company's consolidated net debt increased by INR 18 billion compared to the previous quarter. The effective tax rate for Hyderabad Airport was notably high at around 44-45% for the quarter. Warning! GuruFocus has detected 6 Warning Signs with BOM:532754. Q: Can you explain the impact of the new tariff order on annual revenues for Delhi Airport? A: The new tariff order has increased the yield per passenger from ?145 to ?360, which is an increase of ?215 per passenger. This will significantly impact revenue, but we do not provide forward guidance on revenues. (Respondent: Unidentified_6) Q: Is the current interest and depreciation cost expected to remain the same for FY26? A: The interest cost and depreciation are expected to remain more or less the same, with some reduction in interest cost due to refinancing efforts. (Respondent: Unidentified_6) Q: What has driven the increase in CPD rental income at Delhi Airport this quarter? A: The increase is due to the completion of certain assets and the commencement of lease financing, resulting in a bump of about ?188 to ?190 crore this quarter. Going forward, there will be an increase of about ?120 crore annually. (Respondent: Unidentified_6) Q: Will Delhi Airport be able to break even in FY26 with the new YPP? A: While we cannot provide specific guidance, the new YPP will significantly improve financials, and the results should be evident in the P&L. (Respondent: Unidentified_2) Q: What caused the sequential softness in EBITDA margins at Hyderabad Airport this quarter? A: The softness is mainly due to lower other income in Q4 compared to Q3 and some year-end expenses. The effective tax rate was high due to book entries, but Hyderabad Airport is not currently paying taxes. (Respondent: Unidentified_9) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
