Investigators are looking into whether the fire on a Boeing 787 Dreamliner in London last week was caused by the battery of an emergency locator transmitter built by Honeywell International Inc, according to a source familiar with the probe.
The shares of Honeywell Automation, a subsidiary of diversified American firm Honeywell, closed the day with a 20 per cent loss on the Bombay Stock Exchange (BSE) at Rs 2,503.55. Here's why it happened.
Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.
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