Daily Archives: May 7, 2018

Oil surges to fresh highs on growing supply worries

Oil prices rose to their highest levels since late-2014 on Monday, boosted by Venezuela’s deepening economic crisis and a looming decision on whether the United States will re-impose sanctions on Iran. Brent crude oil futures were at $75.63 per barrel at 0909 GMT, up 76 cents from their last close. Earlier in the session, they

Germany’s green power transition holds lessons for India

People in Germany’s small towns and rural areas are turning to renewable energy in a process that has special lessons for countries like India. Learning how Germany’s citizen-owned, highly-decentralised energy transition, named Energiewende, is working to decarbonise the economy, could be most useful for India, the third-biggest solar installer after China and the US, and

ONGC clocks 6.3% rise in gas production

State-owned ONGC registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022, a top company official said. It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said. This is the highest gas output by Oil and

RInfra- Astaldi SpA JV wins Rs 70 bn EPC order for Versova-Bandra sea link

Anil Ambani-promoted Reliance Infrastructure on Monday said it has won the engineering, procurement and construction (EPC) contract for the Versova-Bandra Sea Link Project in a joint venture with Astaldi SpA (Italy) for a value of Rs 70 billion. “Reliance Infrastructure Limited-Astaldi SpA JV had emerged the most competitive bidder with their bid of Rs 69.93

Tata Power output at 53,556 MUs in FY’18

Tata Power today said it produced 53,556 million units of electricity in financial year 2017-18, registering an increase of 1.9 per cent. The company generated 52,512 million units of power in 2016-17 from all its units, ranging from thermal to solar, Tata Power said in a statement. During the March quarter, Tata Power’s generation stood

International courier facility: Airport authority, Kerala industrial enterprises part ways

KOCHI: What would have been a novel collaborative venture between the Airports Authority of India (AAI) and state-owned Kerala State Industrial Enterprises Ltd (KSIEL) to set up an international courier facility at the Trivandrum International Airport has come unstuck a good four years after it was conceived. The flashpoint came when the AAI unilaterally staked

Passenger climbs multi-storey building in Kochi airport; threatens to commit suicide

KOCHI: The Cochin International Airport Ltd (CIAL) on Friday witnessed dramatic scenes when a passenger who is suspected to be mentally unstable threatened to commit suicide by climbing atop a multi-storey building. Suresh, 48, a native of Poonthura in Thiruvananthapuram, who flew in from Riyadh on Thursday created a dramatic scene on Friday morning before