GE Power India’s standalone net profit dropped around 77 per cent at Rs 2.4 crore in the quarter ended June 30, 2018, compared to the year ago period. The company’s standalone net profit was Rs 10.58 crore in the quarter ended on June 30, 2017, said a BSE filing today. According to the filing, its […]
Day: August 2, 2018
Coal India output rises 14 per cent to 177 million tonnes in four months
State-owned CIL today said it produced 177.43 million tonnes of coal in the first four months of the ongoing fiscal, registering a growth of 14 per cent. It had produced 155.53 million tonnes (MT) of coal in the year-ago period, Coal India Ltd said in a filing to BSE. In July CIL produced 40.56 MT […]
High-level panel set up to explore aircraft building under Make In India
India’s dream of getting its own indigenously made aircraft has finally got a leg up with the government setting up a task force to draw a roadmap, providing a major boost to PM Narendra Modi’s flagship ‘Make in India’ programme. The high-level task force will formulate a plan for the development of indigenous civilian aircraft, […]
Oil falls for a third day, dented by rising tide of supply
Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply. Saudi Arabia, Russia, Kuwait and the United Arab Emirates have increased production, as agreed at a meeting in June, to help compensate for an anticipated […]
Power sector is seeing a revival in demand: NTPC
India’s power sector, guilty in the past of adding significantly to the pile of bad loans, is seeing a revival in demand with growth in power consumption every month, the chairman of the country’s biggest power producer said Wednesday. “Power demand is coming back…it is an optimistic scenario,” National Thermal Power Corporation (NTPC) chairman Gurdeep […]
Trump administration supports environment case against Tata Mundra project
The Trump administration has urged the Supreme Court to reverse a lower court order on the Tata Mundra Power Plant in Gujarat funded by a financial wing of the World Bank, arguing that the US-based International Finance Corporation enjoys absolute immunity. In a brief filed before the Supreme Court, the Trump administration argued that all […]