Mangaluru Airport bags awards for environment excellence, procurement & supply chain
Mangaluru: Mangaluru International Airport (MIA) has secured two prestigious national awards. The airport received the 23rd Greentech Environment Excellence Award 2023 from the Greentech Foundation in Sonmarg, Jammu & Kashmir.
This award recognizes MIA's efforts in overall environmental and sustainability initiatives, reflecting its dedication to becoming a safe, secure, customer-friendly, and eco-friendly aviation hub, a statement from the Airport stated.
The Greentech Environment Excellence Award acknowledges contributions made by individuals, teams, units, regions, projects, and organizations in improving natural resource management, addressing climate change, and raising awareness of environmental challenges. Shridhar Mahavarkar from MgIA's environment and sustainability team received the award from N Sridhar, CMD of Singareni Collieries Company Ltd.
Additionally, the airport's techno-commercial (TC) team achieved notable recognition at the ISM India conference and CPO Award 2023 in Mumbai. MgIA secured first place in the category of excellence in supplier relationship management and received runner-up awards in outstanding leadership in procurement (Mahesh Bundel, head TC), excellence in procurement transformation, and cross-functional collaboration.
The Greentech Foundation, New Delhi, has conferred #MangaluruAirport the esteemed 23rd Greentech Environment Excellence Award 2023 in recognition of its unwavering commitment to environmental sustainability.
— Mangaluru Airport (@mlrairport) November 26, 2023
These awards serve as an inspiration for transformative action, business excellence, and environmental management practices worldwide. #GatewayToGoodness #Awards #Commitment #Dedication #Aviation #Airport pic.twitter.com/HYxe7Y1izu
— Mangaluru Airport (@mlrairport) November 26, 2023
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
