Daily Archives: September 13, 2018

Hartek Solar bags rooftop solar projects in Chandigarh

Hartek Solar said Thursday it has bagged orders for more than 100-kWp rooftop solar projects from about 25 households in the city. “Hartek Solar has secured most of the orders from owners of kanal houses, which have started opting for rooftop solar since the UT administration made solar systems mandatory for all buildings with an

Oil slips as economic concerns counter tighter supply

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand. Benchmark Brent crude oil was down 70 cents a barrel at $79.04 by 0830 GMT. U.S. light crude fell $1.15 to a low of $69.22 a barrel. The International

Petronet CEO gets 12.5 pc higher commission in FY18

Petronet LNG, India’s biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018. According to the company’s Annual Report for 2017-18, Singh was paid a commission of Rs 22.50 lakh over and above his remuneration.

CBI arrests Northern Coalfields manager in bribery case

The Central Bureau of Investigation (CBI) on Wednesday arrested Senior Manager (Civil) of Northern Coalfields Ltd, Singrauli for demanding and accepting a bribe of Rs10,000 from a complainant. During the probe, the CBI recovered cash and investments of about Rs. 1.92 cr. The arrested accused was later produced before the court and has been sent

Singapore’s ST Engineering to buy aircraft part maker from GE for $630 million

Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million. The Singapore-based company, which conducts maintenance and repair operations for airlines, said the deal would allow it to move upstream into the manufacturing and spare parts business for engine nacelles, the

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