Union Minister Nitin Gadkari Friday said tribals were being encouraged to accumulate non-edibile seeds for producing biofuel as the government looks to reduce dependence on crude oil imports. As India incurred a huge Rs 8 lakh crore bill on crude imports, tribals are being urged to accumulate non-edibile seeds like ‘ratanjot, saal and mohan’ for […]
Delhi airport operator DIAL has served notices to address issues related to 176 obstacles including buildings, trees and light poles, around the aerodrome that could pose threat to flights landing and taking off from there. Following a directive from the Delhi High Court, the notices have been issued to the “owners/ occupants” of the 176 […]
For years, airlines have experimented with biofuels, aiming to reduce both carbon emissions and their reliance on fossil fuels. It’s been a turbulent journey buffeted by inconsistent investment and the periodic lure of cheap oil. But several major carriers are planning larger-scale usage of biofuel in 2019 and 2020, including JetBlue Airways Corp. and Cathay […]
On the rise for the last few weeks, petrol and diesel prices increased once again today by a few paise. On Ganesh Chaturthi day, petrol costs Rs 88.39 and diesel Rs 77.58 in Mumbai.
New Delhi: Prices of petrol and diesel, which are now at all-time record highs, vary from one city to another because of differences in local sales tax or VAT and transportation cost. Across all states and Union Territories, the price of petrol is the highest in Maharashtra and the lowest in the Andaman and Nicobar […]
Tokyo: Oil prices on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand. Brent crude was up 8 cents, or 0.1%, at $78.26 a barrel by 9.10am, […]
The government on Wednesday approved an increase in ethanol prices for the 2018-19 sugar season, starting October. The level of the price increase suggests that the centre wants to incentivize ethanol output and investments in capacity addition. But the industry may still be wary, given that these incentives were to paper over the structural cracks […]
Shares of state-run oil marketing companies have been bleeding as they faced the dual blows of rising crude oil prices and a steep fall in rupee, but analysts argue their current valuations are attractive as the concerns may be overdone.
New Delhi: The solar industry is headed for a legal battle as the ruling that set the goods and services tax (GST) rate for solar power projects at 18% has come as a dampener for the industry already facing import duty on solar panels.
Mumbai: Air India Ltd is offering to sell more than 50 properties and land parcels as the cash-strapped flag carrier makes a renewed attempt to achieve its aim of raising about ₹500 crore from such divestments this fiscal.
Oil marketing companies have hiked the prices of petrol and diesel again on Thursday by 13 paisa and 11 paisa respetively.
LONDON: Britain’s Legal & General (L&G) has closed a deal to insure 4.4 billion pounds ($5.73 billion) of British Airways’ historic pensions liabilities, the insurer said on Thursday.