Iran’s Foreign Affairs Minister Mohammad Javad Zarif said that India is committed to continuing economic cooperation and the import of oil from Iran, video news agency ANI, a Reuters affiliate, reported on Thursday. Zarif made the comments after a meeting with his Indian counterpart Sushma Swaraj in New York on the sidelines of United Nation […]
Month: September 2018
Oil prices rise 1 percent ahead of U.S. sanctions against Iran
Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November. Front-month Brent crude futures were at $82.23 per barrel at 0650 GMT, up 89 cents, or 1.1 percent from their last close, […]
GMR hands over facilities to US company
GMR Hyderabad Aviation SEZ Limited (GHASL) of GMR group, an infrastructure company, Thursday said it has completed and handed over temperature and humidity-controlled facilities for the assembly and packaging of absorbents to Multisorb, a USA-based oxygen and moisture management solutions provider. Absorbents or dessiccants are products that soak up the moisture content found in newly-manufactured […]
HAL may have lost Rafale deal as it quoted 2.57 times more man-hours than Dassault: Supriyo
Wading into the Rafale jets controversy, Union Minister Babul Supriyo Thursday indicated that Hindustan Aeronautics Ltd (HAL) lost on the deal because it quoted 2.57 times more man-hours to build fighter jets. While HAL was to produce 108 fighter jets locally in a joint venture with French firm Dassault Aviation in the deal for 126 […]
Sikkim’s Pakyong airport opens new door for Eastern Himalayan tourism business
When fully operational, the just inaugurated airport Pakyong in the tiny Himalayan state of Sikkim could prove a boon for tourism business in the entire eastern Himalayan region, including both Darjeeling and Sikkim. Pakyong, located 130 km from Bagdogra airport in Northern West Bengal, will be a new and additional gateway for both domestic and […]
Tata Power, HPCL partner to set up electric vehicle charging stations
Private power producer Tata Power and state-run Hindustan Petroleum Corporation (HPCL) on Thursday announced a memorandum of understanding (MoU) for setting up the electric vehicle (EV) charging stations at HPCL retail outlets and other locations across India. The two companies will also explore other opportunities for collaboration in renewable energy. “Tata Power and HPCL, through […]
Nayara Energy evaluating Vadinar refinery expansion; to expand petrol pumps to 7,000
Nayara Energy, formerly Essar Oil, Wednesday said it is taking a fresh look at previously announced plans to double refining capacity to 40 million tonnes, but continues to pursue retail network expansion aggressively with an aim to ramp up the number of petrol pumps to more than 7,000 in 2-3 years. The Russian oil major […]
Essar Power commissions 337-km, 400 kV Mahan-Sipat transmission line
Essar Power Wednesday said it has commissioned the 337-km Mahan-Sipat transmission line, the final leg of a 465-km transmission system consisting of three inter-state transmission lines that have been built at an investment of Rs 2,400 crore. The 400 kV lines will help Essar Power’s 1,200 MW Mahan Thermal Power Plant in Madhya Pradesh to […]
OPEC’s Barkindo calls for cooperation between OPEC and non-OPEC countries
Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries on Tuesday, warning that failure to do so could lead to one crisis after another. “It is important that OPEC and non-OPEC countries cooperate so that we do not fall from one crisis to another,” Barkindo said at an event organised by Spanish oil […]
Infra development in northeast priority of NDA govt: Gadkari
The Centre has sanctioned Rs 1,90,000 crore for road projects spanning over 12,000 km in the northeast, Union minister Nitin Gadkari said Tuesday. He iterated that infrastructure development in the region has always been a priority of the BJP-led NDA government at the Centre. “Our government accords highest priority to infrastructure development in the northeast. […]
Renewables may account for 18% of total power generation by 2022
The share of renewable energy in the country’s electricity generation mix is likely to rise to around 18 per cent by 2022, from 7.8 per cent at present, owing to the continuous focus on capacity addition from solar and wind, a report said Tuesday. Global ratings agency Moody’s Investors Service in its report said India […]
Unisys signs pact with Bengaluru airport operator to improve passenger experience
Unisys Corporation has signed an agreement with Bangalore International Airport Limited (BIAL) to develop an Analytics Center of Excellence. The Analytics Center of Excellence will support a business intelligence and advanced data analytics platform for BIAL to consolidate and rationalize the Kempegowda International Airport, Bengaluru’s strategic, tactical and operational reporting and enable the airport staff […]