A Singapore-based airline has refused to fly an Indian-origin couple travelling with their special needs child citing safety reasons, sparking an uproar online. Divya George, the mother of the five-year-old girl, posted online that the captain of budget-airline Scoot caused the commotion after he refused to allow the child to fly with an infant seat […]
Day: June 15, 2018
Oil steady as attention turns to potential supply hike
Oil prices steadied on Friday ahead of an OPEC meeting in Vienna next week as two of the world’s biggest producers, Saudi Arabia and Russia, indicated they were prepared to increase output. Benchmark Brent crude oil was down 20 cents at $75.74 a barrel by 0750 GMT, after falling 80 cents on Thursday. U.S. light […]
TPG Growth’s impact fund invests $70 mn in Fourth Partner Energy
Fourth Partner Energy announced a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Founded in 2010 by Vivek Subramanian, Saif Dhorajiwala, and Vikas Saluguti, Fourth Partner Energy is a distributed energy management company with in-house capabilities across design, engineering, construction, service, monitoring and financing. One of the […]
Trump’s nuclear deal row: SBI to stop handling Iran oil payments, says IOC
India’s imports of Iranian oil may be hit from end-August after the State Bank of India (SBI) informed refiners it will not handle payments for crude from Tehran from November onwards, the finance chief of Indian Oil Corp (IOC) said on Friday. The move by the state-controlled bank, India’s biggest, comes after US President Donald […]
Vedanta’s power sales dip by 14% to 11041 million on tepid demand
Commercial power sales by Vedanta fell by 14.5 per cent to 11041 million units in 2017-18 on tepid demand. In FY17, Vedanta had sold 12,916 million units. Power sales from Vedanta Group owned units at Jharsuguda (600 Mw), BALCO (600 Mw), MALCO (100 Mw) and Hindustan Zinc Ltd fell drastically. Only the Talwandi Sabo (1980 […]