State-run Coal India Limited (CIL) on Friday said it has supplied 272.88 million tonnes (mt) of coal to the power sector during the April- October period, up by 8.9 per cent, from 250.68 mt in the year-ago period. “We have supplied 22.20 mt of more coal to the power sector during April-October 2018 than what […]
State-run refiner Indian Oil Corp Ltd posted a 12.2 percent fall in second-quarter profit on Friday, missing estimate by a wide margin, dented by forex expenses and raw material costs. Net profit came in at 32.47 billion rupees ($446.92 million) in the quarter ended Sept. 30, compared with 36.96 billion rupees a year earlier, IOC […]
Trilateral highway connectivity between India, Myanmar and Thailand has hit a roadblock as hurdles in land acquisition in most parts of Myanmar have hampered the construction of roads and 71 bridges. The project seeks to connect India with Myanmar and onwards to Thailand and will be its gateway to ASEAN (Association of Southeast Asian Nations). […]
New details about the crashed Lion Air’s jet previous flight have cast more doubt on the Indonesian airline’s claim to have fixed technical problems as hundreds of personnel searched the sea a fifth day Friday for victims and the plane’s fuselage. The brand new Boeing 737 MAX 8 plane plunged into the Java Sea early […]
Oil prices slipped further on Friday, heading for a weekly loss of more than 6 percent, after a report that Washington has granted several countries waivers on sanctions on Tehran, allowing them to continue to import Iranian crude. Benchmark crude oil was down 20 cents a barrel at $72.69 by 0900 GMT. The contract has […]
Qatar Airways has clarified that their plane, which was parked at Kolkata’s Netaji Subhash Chandra Bose Airport, was hit by a water-servicing truck on Thursday. Earlier, the officials had reported that the plane hit a water tanker during its arrival from Doha. However, in an official statement, Qatar Airways specified that the aircraft was parked […]
The Supreme Court on Wednesday asked the Centre to place before it in a sealed cover within 10 days the pricing details of 36 Rafale fighter jets India is buying from France.
The government’s three per cent stake sale in Coal India saw strong response from institutional investors who bid for shares worth over ₹4,200 crore and the shares reserved for them got over-subscribed in the opening day on Wednesday.
The government’s 3 per cent stake sale in Coal India got over-subscribed on Thursday, which will fetch at least ₹5,000 crore to the exchequer.
Oil prices reversed earlier losses on Friday as hopes rose that the United States and China may resolve their trade disputes soon, easing concerns that an economic slowdown may weigh on fuel demand.
GN Bajpai has resigned from the newly constituted Board of Directors of Infrastructure Leasing & Financial Services Ltd (IL&FS).
Shares of city gas distributor, Indraprastha Gas Ltd, jumped as much as 5.3 per cent to Rs 293.95, their highest since September 3.