Daily Archives: April 5, 2018

L&T’s construction arm wins orders worth Rs 33.76 bn across biz segments

Larsen & Toubro (L&T) on Thursday said its construction arm has won orders worth Rs 33.76 billion across business segments. “L&T Construction’s power transmission and distribution business has secured orders worth Rs 12.26 billion on both domestic and international market,” the engineering and construction major said in a BSE filing. The company’s water and effluent

BP sees 5-10 percent of global earnings from India

Oil giant BP Plc expects almost a tenth of its global earnings from India over the next decade as it bets big on natural gas output, marketing and renewable initiatives in the subcontinent, a top regional executive of the company said. “My aspiration is that since we (India) are material for BP, that might see

CIL may hike salaries of executives in 2 months

Coal India (CIL) is likely to hike the salaries of executives in the next two months, a move that will result in an additional annual outgo of Rs 1,000 crore, its chief Gopal Singh said today. “That (the salary hike of the executives) is due. It is almost at the final stage. I think that

Oil steady as easing U.S.-China tension, U.S. stockdraw support

Oil prices steadied on Thursday as an easing of trade tensions between the United States and China and a surprise draw in U.S. crude inventories last week supported the market. Front-month Brent crude for June delivery was virtually unchanged at $68.01 at 0935 GMT. U.S. West Texas Intermediate crude for May delivery was down 4

Anomalies in recruitment process of ONGC: Assembly committee

The Assam Assembly has accused oil behemoth ONGC of not adhering to various norms in recruitment of 22 posts reserved for people with disabilities. In its report submitted to the House yesterday, the Employment Review Committee of the Assam Assembly observed that the ONGC notification for recruitment to the 22 vacant posts did not follow

Jet weight puzzle to determine China tariff impact on Boeing

China on Wednesday announced plans to place a 25 percent tariff on certain U.S. aircraft, in a move expected to affect some older Boeing Co. narrowbody models, according to documents from China’s Ministry of Commerce and the U.S. manufacturer. But although several analysts said China had spared the newer 737 MAX – key to future

ONGC may gain Rs 1500 crore in H1 with the natural gas price

The recent price hike of natural gas by the centre may result in an additional revenue of Rs 1500 crore to the state-owned ONGC Limited during the first half of the current fiscal, said global rating and research agency Moody’s. The price paid to most of natural gas produced from domestic fields will be USD

Prabhu inaugurates Delhi-Pathankot flight under UDAN scheme

Civil Aviation Minister Suresh Prabhu inaugurated the first flight from Delhi to Pathankot at a ceremony held at the Indira Gandhi International Airport in New Delhi. Pathankot airport was opened by the Airports Authority of India to improve regional connectivity as per the UDAN Scheme. Prabhu said, “Pathankot, is a very important border city for

Qatar says too early to exit OPEC oil cuts as investment still low

OPEC and its allies should maintain oil supply curbs to guarantee healthy price levels which will allow increased investment in the industry and help avoid a big supply and price shock in the long run, OPEC member Qatar said. Qatar’s Energy Minister Mohammed al-Sada told Reuters he also supported the idea of creating a permanent