Hindustan Petroleum Corporation Limited (HPCL) rallied 6% to Rs 382 in intra-day trade, extending its Wednesday’s 5% gain on the BSE, after the media report suggested that the merger of the company with Oil and Natural Gas Corporation (ONGC) is likely to take place soon. At 12:43 pm; the stock was trading 5% higher at […]
Day: July 13, 2017
GJM shutdown: NHPC shuts Teesta hydel power plant as precautionary measure
The Nation Hydel Power Corporation has shut down its hydel power plant at Ramdi in Darjeeling hills after a mob of over 600 people began agitation outside the plant site, a NHPC official said on Thursday. “We had shut down operation of Teesta Low Dam III plan of 132 MW as a precaution after a […]
IEA says OPEC compliance with oil cuts at lowest in six months
OPEC’s compliance with production cuts fell in June to its lowest levels in six months as several members pumped much more oil than allowed by their supply deal, thus delaying market rebalancing, the International Energy Agency said on Thursday. OPEC’s compliance with cuts slumped to 78 percent last month from 95 percent in May as […]
Coal scam: SC tells accused they cannot appeal in HC
The Supreme Court on Thursday said that challenge to any order passed by the special court during pendency of trial in coal scam cases will be entertained only by it. A three-judge bench headed by Justice M B Lokur said it will not revisit the July 25, 2014 order passed by the apex court which […]
Indian coal demand to remain tepid: India-Ratings
India Ratings expects domestic coal consumption growth in India to remain tepid on account of subdued demand from thermal power plants, with an expectation of power plant capacity utilisation remaining sub-65% in the medium term. It has estimated that prices for the benchmark Newcastle coal with 5,500 calories of energy value will hover between $50 […]
Goa govt orders probe over bribery charges for NHAI contracts
Goa PWD Minister Sudin Dhavalikar today said he has ordered an inquiry to find out if any state government official took bribe for highway construction supervision contract from US-based CDM Smith Inc. “I have asked for an inquiry to be conducted whether any bribe has been accepted by officials in Goa. The report would be […]
JSW Energy looks at new opportunities in renewables
Sajjan Jindal-led JSW Energy is exploring new opportunities in renewable energy space and transmission and distribution segment, the company said in its annual report 2016-17. Given the stress in power sector, the company anticipates consolidation in the domestic space which would offer it a good prospect for investing in future, it said. Moreover, going forward, […]
Udaan: Air Odisha, Air Deccan may operate on remote routes from September
The government’s ambitious air regional connectivity scheme RCS-Udan is set to get a boost with two more airlines — Air Odisha and Air Deccan — expected to start operations on remote routes. According to a Civil Aviation Ministry official, Air Odisha and Air Deccan are expected to start their operations by September-end. In March 2017, […]
American Airlines will end partnerships with Qatar and Etihad Airways
American Airlines is dropping partnerships with Qatar Airways and Etihad Airways, which American accuses of receiving illegal subsidies from their governments. American said yesterday that it no longer makes sense to have so-called code-sharing agreements with Qatar and Etihad because of the dispute. In code-sharing, airlines sell tickets on each other’s flights and share revenue. […]