Daily Archives: February 8, 2018

Indian market growing well, but profitability borderline: Boeing

India’s aviation market is growing “very well” but the profitability is “borderline”, a senior official at American aircraft maker Boeing has said. Dinesh Keskar, Senior Vice President for Sales in Asia Pacific and India at Boeing Commercial Airplanes, said last year the market grew 20 per cent per annum based on the three-or-four-year average. The

Torrent Power appoints Jinal Mehta as MD

Private power producer Torrent Power Ltd on Wednesday announced major management rejig by appointing Jinal Mehta as Managing Director. The elevation of Mehta – currently a whole-time-director in the company is seen as the planned succession at the helm after his father and chairman Sudhir Mehta decided to relinquish his position as Executive Chairman of

Centre weighing lower safeguard duty on solar cells

The government is weighing the option of lowering the proposed 70-per cent safeguard duty on imported solar modules and panels from China and Malaysia recommended by the Directorate-General of Safeguards as power producers have complained that the move will significantly increase generation costs and render some projects unviable.