· Air India Express to shift HQ to Kerala
· Ralls acquire Metahelx Life
· Board to fast-track hotel project
Air India Express to shift HQ to Kerala
The headquarters of low fare subsidiary of national flag carrier Air India--Air India Charters Ltd (AICL)--will be shifted to Kochi in Kerala.
However, the engineering wing of the company will operate from Thiruvananthapuram, a company statement said on Thursday.
AICL, which operates Air India Express, is currently headquartered in Mumbai.
Air India Express primarily serves the market in West Asia and South East Asia with a fleet of 21 Boeing 737800 aircraft.
Rallis acquire Metahelx Life
Rallis India Ltd, a subsidiary of Tata Chemicals Ltd, on Thursday said it has completed the acquisition of a seeds research firm Metahelix Life Sciences Pvt. Ltd for an all cash deal of `100 crore.
It managed to successfully finish all the formalities required for acquisition of a majority stake of 53.5% in the Bangalore based Metahelix Life, Rallis India informed the Bombay Stock Exchange in a regulatory statement.
Consequently, Rallis has become the holding company of Metahelix, it said.
On 9 December, Rallis India had announced picking up a majority stake in Metahelix Life.
Board to fast-track hotel project
In order to fast-track clearances to all hotel projects in the country, the Cabinet has approved the creation of a Hospitality Development and Promotion Board (HDPB). The board will be a single window for every project.
It will review and monitor all projects after holding discussions with ministries or departments concerned on a regular basis. However, HDPB will not supersede statutory clearances given by other agencies. The secretary (tourism) will be the chairman of the board at the central level while the chief secretary of every state will head the respective state boards.
