Coal India Ltd has relaxed the norms for “mine-specific coal supply” policy, which would ease availability of the dry fuel to consumers having less than one million tonne of requirement per annum. The move would benefit a large number of the mining major’s linked small consumers, the company said. “The policy norms have been relaxed […]
The United States re-introduced sanctions against Iranian oil exports on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now. Washington restored measures lifted under a 2015 nuclear deal negotiated with Tehran by the administration of President Barack Obama, […]
The average power spot prices jumped over 45% to Rs 5.94 per unit in the month of October on the energy exchange from Rs 4.08 per unit in the same month a year ago. According to a statement by Indian Energy Exchange (IEX), coal shortage, higher demand, lower wind and hydropower generation were the key […]
State-run gas utility GAIL (India) Ltd posted a 50 per cent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business. Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said https://bit.ly/2zoe4Li. […]
India’s Tata Group is in talks to buy a stake in beleaguered carrier Jet Airways and its loyalty program, television news channel CNBC-TV18 reported on Monday, citing sources. Tata Group aims to buy the 51 percent stake owned by Jet Airways founder, Naresh Goyal, and Etihad Airways’ 24 percent stake, the station reported. Tata aims […]
The broad outline of a new revival plan for Air India is ready, the second such rescue bid in the state-run carrier’s recent history which includes a failed divestment effort earlier this year. The new strategy will involve the government transferring the airline’s working capital debt of about Rs 29,000 crore to a special purpose […]
Mumbai: The state government has imposed an electricity surcharge of 10 paise per unit on industrial and commercial consumers to finance its scheme to provide 25,000 solar pumps to farmers, a senior official said on Sunday.
Srinagar: Several GoAir passengers from Srinagar to Jammu were left shocked on Sunday as their flight reached its destination without their baggage.
New Delhi: Indian Oil Corp (IOC), the nation’s biggest company, on Friday reported a 12.6 per cent drop in its second-quarter net profit on the back of foreign exchange losses and lower refining margins.
New Delhi: The US decision to let India keep buying oil from Iran after reimposition of sanctions on the Persian Gulf nation is a reassertion that interests of consuming nations can not be ignored, Oil Minister Dharmendra Pradhan said on Saturday.
With global crude prices remaining elevated, the rupee is likely to be under pressure, and may touch the 76 levels against the US currency over the next three months, says a report.
Several GoAir passengers from Srinagar to Jammu were left fuming Sunday as their flight reached its destination without their baggage. “We reached Jammu from Srinagar by GoAir flight G8-213 but the airline staff had not loaded our luggage,” Abdul Hamid, one of the passengers, told PTI over phone from Jammu.