After missing 1st-quarter targets, Coal India is facing criticism yet again

After missing its first-quarter targets, Coal India is facing criticism yet again as the country’s power plants continue to reel under coal stock shortage. This is even after the coal monolith stepped up production and sales dramatically on a year-on-year basis. Company sources suggested that the prevalent 10-day coal stock with the power generators in […]

Oil price biggest risk for Indian economy: Moody’s survey

A majority of Indian and foreign investors consider that high oil prices have emerged as a significant risk to the country’s economy, Moody’s Investors Service said on Wednesday. The US rating agency’s report is based on a survey of 175 respondents, including from over 100 financial institutions at the annual India Credit Conference in Mumbai […]

SpiceJet aircraft makes emergency landing due to low cabin pressure

Low cabin pressure mid-air forced a Delhi-bound SpiceJet aircraft from Mumbai, carrying over 100 passengers, to land at the city airport this morning under emergency conditions. All the passengers on-board were safe, an airline spokesperson said. “SpiceJet Boeing 737 aircraft (VT-SZB) was operating flight SG 160 Mumbai-Delhi. Enroute, the aircraft had a (cabin) pressure problem,” […]

Pavements continue to shrink

In its march for better connectivity by building flyovers, metro lines and highways, the city’s planners have given pavements the short shrift. Citizen-led drives to reclaim footpaths for pedestrians appear to have made little difference as pavements continue to shrink, pushing pedestrians to the streets, quite literally.