Citing high resettlement and rehabilitation costs, China is planning to make an exit from 750-megawatt West Seti hydropower project in Nepal, reported the South China Morning Post quoting sources in Kathmandu. A high-level delegation from CWE Investment Corporation, a subsidiary of China Three Gorges Corporation that had undertaken to execute the project in a memorandum […]
Month: August 2018
India invites Pak experts to visit 2 hydropower projects on Chenab: Pakistani officials
India has invited Pakistani experts to visit the sites of its two hydropower projects on the Chenab river next month to address its concerns, but hinted at continuation of the work on them despite Islamabad’s objections, a senior Pakistani official has said. After the conclusion of the two-day high-level bilateral talks on the Indus Waters […]
Airlines asked to pay Rs 35 lakh as compensation for deboarding three of family
The Punjab State Consumer Disputes Redressal Commission here has ordered two airlines to jointly pay a compensation of Rs 35 lakh to a woman and her two minor children for the “mental agony, tension, harassment” suffered by them after being asked to deboard a Toronto-bound flight at Delhi airport last year. Minali Mittal along with […]
AAI has a plan to quicken your boarding process at IGI and Mumbai airport
The Airport Authority of India (AIA) is planning to chuck out the small and slow-moving turboprops with an eye on optimising the capacity of large airports like Delhi and Mumbai. Turboprop aircrafts are smaller in size and are often considered as a cross between a piston prop airplane and a turbine engine jet. Turboprops are […]
Oil slips as trade war worries outweigh Iran sanctions
Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. Benchmark Brent crude oil was down 40 cents a barrel at $77.37 by 0840 GMT. U.S. light crude was 30 cents lower at $69.95. U.S. President […]
RInfra bags Rs 19-bn contract for package 7 of Nagpur-Mumbai e-way
Anil Ambani-led Reliance Infrastructure (RInfra) on Friday said it has bagged a contract worth Rs 19.07 billion from the Maharashtra State Road Development Corporation (MSRDC) for package-7 of Nagpur-Mumbai Samruddhi Expressway project. The contract involves the development of package-7 from 296 km to 347 km, which is a part of Maharashtra government’s flagship Rs 460-billion […]
GoAir to start international operations from Oct 11
Budget airline GoAir will start international operations from October 11, its chief executive officer Cornelis Vrieswijik said today. The inaugural flights will operate to Phuket from New Delhi and Mumbai. The airline will also launch flights to Male in Maldives from Mumbai and Delhi on October 14. The bookings for the maiden international flight will […]
Government should offer incentive to help India achieve solar power target by 2022: LSI
Sebi approved merchant banker LSI Financial Services feels Indian government should contemplate offering financial stimulus including price incentives and subsidised credit to domestic solar cell and module manufacturers. The incentives will not only make the country’s module manufacturers globally competitive but also help India achieve its ambitious National Solar Mission target to add 100 gigawatt […]
Natural gas price may be hiked by 14% from Oct
The government may from October raise price of domestic natural gas by over 14 per cent, a move that will translate into higher CNG price and increased cost of electricity and urea production. Price paid to most of the domestic producers of natural gas is likely to be hiked to USD 3.5 per million British […]
Oil rises on Iran sanctions, lower U.S. fuel inventories
Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories. Benchmark Brent crude oil was up 20 cents a barrel at $77.34 by 0920 GMT. U.S. light crude was 10 cents higher at $69.61. Brent has risen by […]
Oil-rich South Sudan to resume production in war-hit region
Emboldened by a new peace deal, civil war-torn South Sudan says it will resume oil production in a key region next month to make up for more than USD 4 billion of revenue lost during years of fighting. South Sudan, with Africa’s third-largest oil reserves, will renew drilling in northern Unity State for the first […]
AirAsia India inducts 19th aircraft; adds 2 new routes
AirAsia India today announced the induction of 19th aircraft in its fleet and said it will add two new routes in its flight network from October. With the induction of the latest Airbus A320, the Tata Sons-AirAsia group joint venture airline is now just one plane short of the mandatory 20 aircraft for starting international […]