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India’s top IT services exporters buck the trend to land multi-year contracts
IT services companies Tata Consultancy Services (TCS), Wipro and Tech Mahindra entered multi-year deal announcements despite slowing demand and organic revenue growth. The deal announcements include streamlining IT operations through AI and next-generation technologies.
Wipro shares rise after multi-year deal with US security firm Entrust
Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering services in product development, infrastructure management, and application modernisation. Wipro will enhance application security by using advanced analytics to detect vulnerabilities and provide actionable insights for smarter software development.
Global airlines pile on India capacity as US-Europe traffic drops
International carriers are increasing routes to India due to weaker transatlantic demand, spurred by global economic uncertainties. Delta Air Lines plans new services from Atlanta to Delhi and a code-sharing pact with IndiGo.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Wipro signs deal with US security solutions firm Entrust
The partnership will improve Entrust’s operational efficiency, support its digital transformation goals, and better manage IT costs. It will also help scale the identity-centric security solutions firm’s operations and accelerate growth.
Tech Mahindra signs deal with Netherlands-based Hanab for IT modernisation
The alliance will seek to streamline the operations of the multi-service utility provider and implement next-gen technologies to support its growth aspirations.
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TCS, Virgin Atlantic extend tech alliance of two decades; AI to power this phase
The deal will entail TCS modernising Virgin Atlantic’s core systems with a cloud-first, AI-led digital core. A Technology Command Centre, co-developed by the two companies, will become the airline’s operational brain, offering real-time insights to improve decision-making and enable frontline employees with contextual data. No financial details of the deal were announced.
IndiGo joins forces with Delta, Air France-KLM, and Virgin Atlantic to boost India-Europe-US connectivity
IndiGo, Delta, Air France-KLM, and Virgin Atlantic have partnered to improve connectivity between India, Europe, and North America. This alliance will integrate IndiGo's domestic network with the transatlantic routes of Delta and Virgin Atlantic, and Air France-KLM's European reach. The collaboration aims to enhance customer access and expand networks, pending regulatory approvals, and includes loyalty programs and other operational areas.
IndiGo, Delta, Air France-KLM, Virgin Atlantic announce partnership
IndiGo, Delta, Air France-KLM, and Virgin Atlantic have partnered to improve air travel between India, Europe, and North America. The collaboration aims to meet the increasing demand for international travel by connecting numerous cities across these regions.
UK government recalls Parliament for emergency legislation over saving British Steel
The UK government is urgently reconvening Parliament to address the crisis at British Steel, the nation's last plant producing steel from raw materials. Prime Minister Keir Starmer's government is seeking to temporarily nationalize the Scunthorpe plant, owned by China's Jingye Group, citing financial unsustainability due to tariffs and environmental costs.
Stranded for 40 hours in Turkey, London-Mumbai Virgin Atlantic flight set to resume today
A Virgin Atlantic flight from London to Mumbai was diverted to Turkey's Diyarbakir Airport due to a medical emergency. Passengers received hotel accommodations and temporary visas. The flight will continue to Mumbai after technical approvals or passengers will be bused to another Turkish airport. The Indian Embassy is actively involved in resolving the situation.
Flight from London with Indian passengers diverted to Turkiye to resume Mumbai journey today
A Virgin Atlantic flight from London to Mumbai was diverted to Diyarbakir Airport in Turkey due to a medical emergency on board. Passengers are being provided with accommodations and updates while awaiting technical approvals or an alternative transfer to complete their journey.
Lufthansa says no decline in US bookings despite stricter border policy
Lufthansa reports steady bookings to and from the U.S. despite stringent border policies under President Trump, according to CFO Till Streichert. The transatlantic business shows positive prospects, especially for the North Atlantic region. Despite Germany updating its U.S. travel advisory, Lufthansa expects significant earnings improvement. Meanwhile, Virgin Atlantic sees indications of slowing U.S. demand.
Virgin Atlantic starts 2nd daily flight on London-Mumbai route
Virgin Atlantic has launched its second daily direct flight between London Heathrow and Mumbai. The service operates with Airbus A350-1000 aircraft. This move doubles the capacity on the route, addressing the growing demand for premium travel. The airline now operates five daily flights between India and the UK, with two from Delhi, two from Mumbai, and one from Bangalore.
Virgin Atlantic to add two new Indian destinations by 2030, boosting revenue share to 11-12%
Virgin Atlantic plans to expand its presence in India by adding two new destinations by 2030 and launching a second daily flight from London Heathrow to Mumbai in October 2024. Currently, India accounts for 15% of the airline's total capacity and 11-12% of its revenue, up from 5-10% in FY22.
Virgin Atlantic sees 'infinite demand' in Indian mkt; plans to expand codeshare with IndiGo
British carrier Virgin Atlantic is set to boost its presence in India with an additional daily flight connecting Mumbai and London starting October 2024. CEO Shai Weiss expressed confidence in India's growth prospects, highlighting the country's thriving market. The airline aims to expand its operations and codeshare partnership with IndiGo to meet the increasing demand.
Virgin Atlantic aims for larger share in India with Heathrow to Bengaluru daily flights
Virgin Atlantic will launch daily flights between London Heathrow and Bengaluru in India from March 31, 2024, increasing its capacity in the country by 250% since 2019. The Bengaluru route will be the airline’s fourth daily service to India, complementing its services to Delhi and Mumbai, as well as codeshare services with IndiGo covering 34 destinations. With almost 500,000 seats available, India represents Virgin Atlantic’s largest growth area outside the US.
Virgin Atlantic expands codeshare pact with IndiGo to offer new destinations
The two airlines had in August last year inked a codeshare partnership to help them expand their access to customers flying to the destinations serviced by them. In total, the partnership is adding 18 destinations to its existing portfolio, making it a total of 34 destinations, Virgin Atlantic said in the statement.
U.S. fines Virgin Atlantic $1.05 million for flying over Iraq
USDOT notified the airline of the violation in September 2021 for flights between London and India that flew over Iraq. At the time, other foreign governments permitted flying over Iraqi airspace at high altitudes, with numerous flights over Iraq daily.
Virgin Atlantic turns 38: Richard Branson is over the moon, posts a video to celebrate
Branson shared a 24-second-long video that showed memorable videos and pictures from 1984.
Tata Consultancy Services expands 17-year tieup with Virgin Atlantic
As part of the expanded partnership, Tata Consultancy Services (TCS) will be exclusively responsible for Virgin Atlantic’s end-to-end operational management and digital transformation.
Virgin Atlantic to start flights to Manchester from Mumbai, Delhi
Flying three times a week from Mumbai to Manchester, beginning in December, and twice weekly from Delhi, starting in January, these new services will go on sale from October 20 and will complement the airline's existing services from Mumbai and Delhi to London Heathrow, it said.
Virgin Atlantic to resume flights from London to Delhi, Mumbai from September 2
Virgin Atlantic plans to operate three flights a week from Delhi to London Heathrow from September 2, while Mumbai services are planned to re-commence from September 17 with four flights per week.
Virgin Atlantic airline files for United States bankruptcy protection
A spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring plan that the airline announced last month. The process is supported by a majority of the airline's creditors, and the company hopes to emerge from the process in September, she said.
Virgin Atlantic to connect Delhi-Manchester from October
“2020 marks our 20th anniversary of flying to India and as the destination continues to grow in popularity for both business and leisure travel, we’re thrilled to announce for very first time a new service flying three times a week from Delhi to Manchester, our home in the north,” Juha Jarvinen, CCO, Virgin Atlantic was quoted in the media statement.
Virgin Atlantic expands partnership with TCS
The strategic technology partnership with TCS supporting back-end IT functions, now covers new technology programmes on digital channels, contributing directly to Virgin Atlantic's vision to be the world's most loved travel company, a statement said. Working with TCS has enabled Virgin Atlantic to identify the next digital innovations,it added.
Up in the air! Virgin Atlantic launches bespoke fragrance to enhance flying experience
The fragrance embodies warm and exotic notes inspired by the airline’s top destinations.
Virgin Atlantic Airlines extends partnership with TCS
TCS and Virgin Atlantic began working together in 2004 as part of Virgin Atlantic's ongoing strategy to invest in operational efficiencies and innovations, TCS said in a statement.
Jet, Virgin sign code-share pact on Mumbai-London route
Private air carrier Jet Airways on Tuesday said it has inked a code-share agreement with Virgin Atlantic on Mumbai-London route.
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