The major factor for rising prices of petrol and diesel is the global macro situation, said industry body ASSOCHAM but expressed hope the tax burden would be brought down to some extent. “It has been our stand that petrol and diesel should be brought under the Goods and Services Tax (GST). However, it may not […]
The government is likely to sign on September 24 contracts for 55 oil and gas exploration areas awarded under India’s maiden open acreage auction OALP-1, people with direct knowledge of the development said. The signing of contracts with the winners of Open Acreage Licensing Policy (OALP) round-1 was initially scheduled for September 6 but it […]
The Madras high court has granted stay on referring two stressed power projects to NCLT. The court heard the plea of IL&FS seeking extension of deadline to refer its project to NCLT by 60-90 days. “IL&FS matter was heard today and has been listed for tomorrow. SBI has been asked to file a written submission […]
Private power companies including Essar Power, GMR Energy, KSK Energy and Rattan India have withdrawn their applications from Allahabad high court and are presently considering to approach the Supreme Court today. The companies had approached the high court on Friday seeking extension of deadline to refer their stressed power projects to insolvency court. The deadline […]
No-frills airline SpiceJet will launch its dedicated air cargo services from September 18. The carrier, which is working on ambitious business plans, Monday said it would operate the cargo services under the brand name ‘SpiceXpress’ and has a detailed plan for domestic as well as international routes. SpiceJet would be the first schedule domestic airline […]
Financial and personal data has been stolen from potentially hundreds of thousands of British Airways customers who booked online in recent weeks, extending a run of embarrassing technological mishaps suffered by the UK flag carrier. The thefts occurred during a data breach that affected bookings made on the airline’s website and app between Aug. 21 […]
Adding to the woes of the common man, petrol and diesel prices were again raised on Monday, a fifth straight day of price hike in as many days by oil marketing companies. In Delhi, petrol continued its upward march in the previously uncharted territory of above the Rs 80 mark — the price was raised […]
The Congress party called for a ‘Bharat bandh’ on September 10 to protest the rising fuel prices and steadily declining value of the rupee against the US dollar. Twenty political parties have answered the Congress’ call, and a number of chambers of commerce and traders’ associations are also supporting the bandh.
British Airways was forced to apologise on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the worst ever attack on its website and app. The airline discovered on Wednesday that bookings made between Aug. 21 and Sept. 5 had been infiltrated in a […]
With the rise in crude oil prices in international markets, state-run oil marketing companies (OMC) have been able to pass on most of the hike to the retail market. However, as resentment against higher fuel prices gets louder, not many are sure for how long the OMCs will manage to maintain margins.
In the midst of a political firestorm over the Rafale jet deal, the Indian Air Force is quietly making preparations, including readying required infrastructure and training of pilots, to welcome the fighter aircraft, official sources said.
The high-speed rail project executing authority has decided to construct a service road along the 508-km corridor, which could prove to be a lifeline for people in remote areas of Maharashtra and Gujarat.