Monthly Archives: January 2018

Jayant Sinha bats for low-cost long-haul flights to Europe, West Coast

Minister of State for Civil Aviation Jayant Sinha batted for low-cost long-haul air connectivity from India. Major low-cost Indian airlines such as IndiGo and SpiceJet are actively evaluating prospects of long-haul flights to European countries. “We lack a direct low-cost alternative to Europe and the West Coast. International traffic growth from India will be tremendously

China goes nuclear with latest state-brokered power deal

China National Nuclear Corp (CNNC), China’s No. 2 nuclear power producer, will take over the country’s top nuclear power plant builder to create a company worth almost $100 billion, the latest state-orchestrated marriage in the nation’s vast power sector. The deal has been in works for almost a year as Beijing has pushed to streamline

Oil prices fall for third day as US inventory build-up weighs

Oil prices fell for a third day on Wednesday after data from an industry body showed U. S. crude stocks rose more than expected last week, while a selloff in other commodities, stocks and bonds added to investors’ bearish mood. Brent crude, the global benchmark, was down 22 cents, or about 0.3 percent, at $68.80

Nitin Gadkari pitches for early clearances to Pune airport

Union minister Nitin Gadkari has asked defence and civil aviation officials to expedite clearances to expansion of the Pune airport which is witnessing high traffic volumes. The road transport and highways minister was chairing a Prime Minister-appointed infrastructure group meeting. The expansion project includes construction of a new terminal building at a cost of Rs

R P Srivastava new Coal India personnel director

R P Srivastava has taken over as Coal India’s new full-time personnel & industrial relations (P&IR) director from today. Srivastava was earlier Executive Director of Rashtriya Ispat Nigam Ltd, Coal India said today. There was no full-time personnel director after R Mohan Das’ service was terminated on March 30, 2017 based on a ministerial decision.

A renewable energy investment opportunity not to be missed

The “Policy for Repowering of the Wind Power Projects” announced by the Ministry of New and Renewable Energy in August 2016 was a step in the right direction. Now is the time for global investors to pay more attention to wind-turbine repowering investment opportunities in India to take a grip on a growing renewable energy

Maharashtra gets banks on board for road project

The Maharashtra government’s Rs 46,000 crore Nagpur-Mumbai Expressway project, touted as a game-changer of sorts, may finally see some headway after the state government acceded to some of the conditions put forth by some state-owned banks. State officials have agreed to offer guarantees for the project, and has for the first time, decided to pledge

SpiceJet announces 20 new domestic flights from Feb 11

Budget airline SpiceJet has announced 20 new non-stop domestic flights starting from February 11, aimed at strengthening its network across South India. The airline would introduce 18 new flights in the South, of which ten would be catering to popular tourist destinations in Andhra Pradesh, the airline said in a release here. SpiceJet would also

Dilip Buildcon bags NHAI road project worth Rs 565 cr

Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 565.02 crore from NHAI in Maharashtra. “The company has been declared L-1 bidder for a new EPC project valued a Rs 565.02 crore by the National Highways Authority of India (NHAI) in Maharashtra,” Dilip Buildcon said in a BSE filing.

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