Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC to cut supply towards year-end. Front-month Brent crude oil futures were at $67.36 per barrel at 0655 GMT, up 60 cents, or 0.9 percent, from their last close. U.S. West Texas Intermediate (WTI) crude […]
Day: November 19, 2018
Govt puts solar power on fast track; asks state-run firm to float 4,000 MW tenders in 4 months
The government has put its ambitious solar power capacity addition plan on a fast track, asking the state-run Solar Energy Corporation of India (SECI) to bring tenders to install 4,000 megawatt (MW) solar power capacity in four months to February 2019. The government has asked SECI to bring 1,000 MW tenders every month from November […]
Jet Airways falls as Tata Sons tamps down deal speculation
Shares in Jet Airways (India) Ltd. fell as much as 12.5 percent to 303.05 rupees on Monday, their biggest intraday percentage loss since Aug. 10, after Indian conglomerate Tata Sons ended speculation that a deal with the struggling carrier was imminent. Tata said on Friday it is only in preliminary talks with Jet Airways and […]
Five independent directors reappointed to CIL board
State-owned Coal India (CIL) Monday announced the reappointment of five independent directors – Loretta M Vas, Vinod Jain, DC Panigrahi, Khanindra Pathak, SB Agnihotri – to its board. The “five independent directors were appointed by the ministry of coal vide its letter….dated November 17, 2015, for a period of three years. On completion of their […]
GAIL, GETCO move NCLT seeking rejection of Arcelor Mittal’s Essar Steel bid
State-run gas utility GAIL (India) and Gujarat Energy Transmission Corp (GETCO) have moved the National Company Law Tribunal (NCLT) seeking rejection of Arcelor Mittal’s Rs 420 billion takeover plan for Essar Steel, saying operational creditors have been left out in the proposal. Last month, a committee of Essar Steel lenders picked Arcelor Mittal’s Rs 420 […]
Government launches upgraded version of AirSewa digital platform for air passengers
Chatbots will now help air travellers in addressing their grievances, as the government Monday launched an upgraded version of AirSewa digital platform. Besides, passengers can have access to real-time flight status and schedule for both domestic and international flights, according to the Civil Aviation Ministry. AirSewa 2.0, the upgraded version of the web portal and […]
PM inaugurates KMP expressway, Ballabhgarh-Mujesar Metro rail link
Prime Minister Narendra Modi on Monday inaugurated the Kundli-Manesar section of the Kundli-Manesar-Palwal (KMP) western peripheral expressway. He also inaugurated the 3.2 km-long Ballabhgarh-Mujesar Metro rail link, which would facilitate travel for people of Delhi and Faridabad, and laid the foundation stone of the Shri Vishwakarma Skill University, which will come up at Dudhola in […]
India to build projects worth Rs 250 bn along China border in AP, Sikkim
India will go ahead with the construction of much-required strategic roads and permanent integrated buildings along the Indo-China border in Arunachal Pradesh and Sikkim as part of a critical infrastructure project worth Rs 250 billion. The crucial decision, approved by the High Level Empowered Committee (HLEC) headed by Home Minister Rajnath Singh, is slated to […]