Daily Archives: March 6, 2018

Microsoft inks renewable energy deal for Bengaluru facility

Tech giant Microsoft today said it has inked its first renewable energy deal in India for powering its new facility in Bengaluru. The agreement will see Microsoft purchase 3 megawatts of solar-powered electricity from Atria Power for its new office building in Bengaluru, meeting 80 per cent of the projected electricity needs at the facility,

Government may not expand old national highways, but build new ones

In a change of track, the government is keen to build more greenfield national highways with straight alignment rather than expanding the existing corridors. Expansion of highway stretches often get delayed, particularly when these pass through habitations and commercial areas where land acquisition or removal of encroachments is tough. The road transport ministry, in a

Oil inches up on strong demand forecasts, OPEC-led output cuts

Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster prices. International benchmark Brent crude futures were at$65.67 per barrel at 0743 GMT, up 8 cents, or 0.12 percent. U. S. West Texas Intermediate (WTI)

BS-VI not to be the end of road for branded fuel sold by OMCs

Even though the National Capital Region (NCR) is gearing up for the formal launch of the much-awaited Bharat-VI grade of fuel, your favourite branded fuel variants such as Xtra Premium, Speed, Power and Turbojet will not be going off the market. According to industry sources, the companies are further expecting an increase in the sales

Mumbai airport cant give more flight slots for UDAN: CEO

Mumbai’s airport is “facing problems” because of regional connectivity flights and will not be able to give any more flight landing slots to regional carriers, its CEO said Tuesday. “Whatever slots we have given for UDAN is already causing problems. UDAN flights are reducing the capacity of the airport. An aircraft (regional jet) carries only

OVL signs pact for developing Susangerd oilfield in Iran

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has signed a pact with Iran’s IDRO Oil to jointly bid for a USD 1 billion contract for development of Susangerd oilfield in southern Iran. The onlandSusangerd field in the Khuzestan province is one of the newest finds, which Iran hopes