Daily Archives: September 10, 2018

Petroleum prices rising due to global factors: ASSOCHAM

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

Government to sign OALP-1 contracts on September 24

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

Private power firms withdraw applications from Allahabad High Court; considering to move SC

Private power companies including Essar Power, GMR Energy, KSK Energy and Rattan India have withdrawn their applications from Allahabad high court and are presently considering to approach the Supreme Court today.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

British Airways hack: UK flag carrier’s website suffers massive data breach; 380,000 payments affected

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

British Airways data breach: UK carrier apologises after 380,000 customers hit in cyber attack

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