Coal India rallied 5% to Rs 303 in intra-day trade on Thursday, extending its Wednesday’s 2.3% gain on the BSE, after the company reported higher than expected 4.5% year on year growth in consolidated net sales at Rs 251 billion in March 2018 quarter (Q4FY18). The stock hit a three-month high in early morning deal […]
Month: May 2018
TN power discom reduces loss, on path to break even shortly, says minister
The Tamil Nadu government, which has been opposing the Centre’s Ujwal DISCOM Assurance Yojana (UDAY), is now saying that the scheme is one reason for the state’s electricity board turning around in the coming year. Minister of Electricity, Prohibition and Excise P Thangamani tabled the department’s policy note which stated that on the implementation of […]
AirAsia case to have no impact on Air India stake sale process: official
The CBI case against AirAsia and its officials for alleged efforts to manipulate government policies would not have any impact on Air India’s disinvestment process, according to a senior official. The deadline for submitting Expression of Interest (EoI) for 76 per cent stake in the debt-laden Air India is ending today. To a query on […]
Torrent Power standalone profit up 59% at Rs 215 cr in fourth quarter
Power player, Torrent Power Ltd on Tuesday registered a standalone net profit of Rs 215 crore for the quarter ended March 2018 as against Rs 135 crore recorded in the corresponding quarter a year ago, showing a growth of 59 per cent year-on-year. The company’s total income from operations stood at Rs 2,798 crore for […]
Soon, you can travel from Chandigarh to Shimla in just 20 minutes with Heli Taxi service
Heli Taxi Service between Shimla and Chandigarh: In a bid to promote Heli Tourism, a Heli Taxi service is being introduced by Pawan Hans Ltd in collaboration with the state government of Himachal Pradesh. The Heli Taxi service will help passengers travelling between Shimla and Chandigarh to complete their journey in minutes instead of hours! […]
SEBI seeks information from Jet Airways following fraudulent practice complaint
Markets regulator SEBI has sought information from Jet Airways following a complaint of alleged fraudulent practices. In a filing to the stock exchanges today, the airline said last month the regulator sought views of the statutory auditors and the audit committee on certain allegations. However, the carrier did not elaborate on the complaint. The disclosure […]
No bids for Air India so far, will not extend deadline: Aviation secy
The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes. The government will not extend the deadline for submissions of interest in Air India, R.N. Choubey said on Wednesday. The deadline for receiving […]
New CMD says CIL aims to be world’s most-efficient coal miner
The world’s largest miner, Coal India Ltd, now aspires to be the “most-efficient” coal producer, with an aim to bring down costs to a “bare minimum” level as the sector opens up for commercial mining. “We are the world’s largest coal producer, but we wish to be the most-efficient coal miner,” newly-appointed CIL Chairman and […]
Gas Trading Hub to be functional before December: PNGRB
The Petroleum and Natural Gas Regulatory Board (PNGRB) expects the proposed gas trading hub to be functional by the end of the calendar year and Crisil has been appointed to assist the regulator and the government in framing rules for the exchange. “We have engaged Crisil for advising us in setting up Gas Trading Hub. […]
Seaplane operations to begin at Tehri Lake
Aiming of to attract more tourists, including foreigners, a seaplane service will be introduced on the Tehri Lake besides an array of water sports activities to make the water body a happening adventure spot in the region, Uttarakhand Chief Minister T.S. Rawat said. Besides surfing, the 42 sq km Tehri Lake, the reservoir of the […]
Air India air hostess accuses senior executive of sexual harassment
An air hostess of Air India has accused a senior executive of sexual harassment, prompting Civil Aviation Minister Suresh Prabhu to ask the national carrier to take immediate steps to address the issue. In a letter addressed to Prabhu and also marked to Prime Minister Narendra Modi, the air hostess has asked the government to […]
Air Asia CEO Tony Fernandes, others booked by CBI
The CBI has registered a case against Air Asia Group CEO Tony Fernandesand others over alleged violation of norms for getting international flying licenses, officials said today. The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international […]