Oil prices edged up on Thursday on optimism that trade talks at the upcoming G20 meeting could help the global economy and improve demand, but gains were curbed after U.S. crude inventories hit their highest in a year. U.S. crude futures had risen 20 cents, or 0.4 percent, to $50.49 per barrel by 0737 GMT. […]
Month: November 2018
Uproar in Mumbai as power bills jump sharply after Gautam Adani takes over as supplier
Billionaire Gautam Adani’s foray into power distribution has begun with a social media offensive, with the Congress party and some consumers accusing his company of increasing the bill sharply in October. But the company said it’s facing “malicious” propaganda because the regulator had increased tariffs based on a petition filed before it took over the […]
Soon, you won’t have to take out laptops, gadgets for security check at airports
Soon, flyers from Delhi, Mumbai and Hyderabad will have one less task to complete before taking flight. Airports in these three cities will soon start testing a new scanning technology that will save passengers from the hassle of taking out laptops and electronic gadgets for screening before boarding an aircraft. According to a TOI report, […]
Petrol pumps bonanza: Dealers to move court
Barely 72 hours after the Centre announced a pre-election bonanza of distributing a staggering 55,649 new petrol pumps in the country, the apex body of their dealers plans to challenge the move in court, a top office-bearer said here on Wednesday. The All India Petrol Dealers Association (AIPDA) President Ajay Bansal said that the government’s […]
Jet Airways climbs 9% on reports Naresh Goyal will sell controlling stake
Shares of Jet Airways surged as much as 9 per cent in intra-day trade to Rs 319.80 apiece on BSE after a TV report said that airline’s promoter Naresh Goyal has agreed to sell his controlling stake in the company. The stock, however, gave up some gains by close. “Naresh Goyal has been in talks […]
Air India waives charges for carrying relief material for cyclone Gaja victims
Air India has waived charges for carrying relief materials to victims of cyclone Gaja on its flights from the national capital to Chennai, following an order from Civil Aviation Minister Suresh Prabhu. Cyclone Gaja crossed the Tamil Nadu coast between Nagapattinam and Vedaranyam on November 16, leaving more than 60 people dead and causing widespread […]
AAI acquires eight mobile ATC towers for small airports
Jharkhand’s steel city Bokaro has become the first airport to get a mobile air traffic control (ATC) tower at its airport. The state-run Airports Authority of India (AAI) has acquired eight trailer-mounted towers at a cost of Rs 64.6 crore from a Slovak company for being used at small airports for regional connectivity scheme (RCS) […]
For oil market, the real Opec meeting will at next week’s G20 summit
For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule. The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of the G20 summit in Buenos Aires in a meeting that may […]
Lion Air pilots faced confusing warnings as soon as the flight took off
The Lion Air pilots whose plane nosedived into the Java Sea in October, killing all those aboard, were battling multiple malfunctions almost as soon as the doomed flight began, according to a trove of new data released by Indonesian investigators. They faced a cacophony of warnings that started seconds after takeoff and continued for the […]
Editorial- December 2018
Power sector financial stats is thunderous. Gross loans and advances given to power sector as on June 2017, stood at Rs 559,025 crore, out of which Rs 37,941 has become NPA. Out of a total 40,130 MW stressed power assets, 24,405 MW capacity has been commissioned while the rest is at construction stage. Out of […]
Stressed Power Assets
The power ministry has asked the finance ministry for bidding out stressed power assets in the insolvency court through a forward online auction. The forward auction bidding will be more transparent and spare buyers from questions on asset valuations.
UDAN
The central government has invited proposals from interested air operators for the international version of its Udan (Ude Desk Ka Aam Nagrik) scheme as it seeks to enhance air connectivity from India to select overseas destinations.