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Cummins India Q2 results: Net profit jumps 23% to Rs 329 crore - Vimarsana News

Cummins India Q2 results: Net profit jumps 23% to Rs 329 crore

Income from operations fell 1.8 percent to Rs 1893 crore.

Rolls-Royce to slash 2,500 jobs as part of cost cutting drive: Report - Vimarsana News

Rolls-Royce to slash 2,500 jobs as part of cost cutting drive: Report

Rolls-Royce job cuts will be distributed across the engine maker's global operations and are likely to affect hundreds of UK staff.

Go Airlines: US court denies Go First emergency arbitration in Pratt & Whitney dispute - Vimarsana News

Go Airlines: US court denies Go First emergency arbitration in Pratt & Whitney dispute

International Business News: The airline, also known as Go First, had in May sought an emergency arbitration to prevent it from going out of business and blamed Raytheon Technolog

Go First Bankruptcy: US Engine Maker Hits Back After Airline Blames P&W, Says THIS - Vimarsana News

Go First Bankruptcy: US Engine Maker Hits Back After Airline Blames P&W, Says THIS

Go First Airlines said that due to the non-supply of engines by US engine maker Pratt & Whitney, operations will remain cancelled till May 5. 

Source: india.com
BBCNEWS Asia Business Report June 4, 2024 00:35:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:35:00

By pratt & whitney, and most of those have been faulty. company says the engine supplier refused to comply with an order to release engines or even supply serviceable spares. with further engine failure expected in the next three to four months, airline operations will be made unviable. it has, in fact, also filed a complaint in a us court against the engine maker. now, with almost half its fleet unavailable, it has meant frequent flight cancellations. it has meant a drop in share in the indian aviation market, which has seen fierce competition and new players. airline says it has lost over $1...