Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts. International Brent crude oil futures were at $61.16 per barrel at 0757 GMT, down 92 cents, or 1.5 […]
Day: December 5, 2018
Coal scam case: Former coal secy HC Gupta sentenced to 3-year imprisonment
A Delhi court on Wednesday sentenced former coal secretary H C Gupta to 3-year imprisonment in a coal block allocation scam case that happened during the previous UPA regime at the Centre. Two other bureaucrats — K S Kropha and K C Samria — were also awarded 3-year jail term. Special Judge Bharat Prasar sentenced […]
ONGC gets $32 million payment from Venezuela’s PDVSA
India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a senior ONGC official said. “It is a good development,” said […]
MERC tells firm to explain ‘inflated’ power bills
Power regulator MERC on Tuesday issued a notice to Adani Electricity seeking an explanation on recent reports of consumers receiving “increased electricity bills”. It pointed out that the average tariff increase approved by MERC for Adani was 0.24% and said that there were complaints from consumers about receiving electricity bills based on average energy consumption […]
Power sourcing through open access market will be a player in the future
Karnataka Electricity Regulatory Commission (KERC) Chairman M K Shankarlinge Gowda has said trading of electricity through Open Access System will turn out to be an accepted norm in the near future. In his address at a workshop on Power Sourcing and Open Access System in Karnataka organised by Bangalore Chamber of Industry and Commerce (BCIC) […]
International flight from Kuwait lands in Ahmedabad without checked-in bags
Over a hundred passengers travelling from Kuwait to Ahmedabad were in for a jolt when their checked-in baggage did not arrive and they had to leave for home without their baggage. The incident happened last Sunday. A similar incident happened a month ago when a passenger received his bag a week later. With start of […]
Saudi Arabia, Russia meet for talks a day before critical Opec summit
As ministers from Opec and its allies arrive in Vienna for crucial talks, all have made clear they agree on the need for a cut in oil production. But none have explained how they’ll turn that desire into a reality. With just a day to go before a critical Opec summit, Saudi Arabia and Russia […]
DGCA approves flight schedule of crisis-hit Jet Airways for five months
Aviation regulator DGCA has approved the flight schedule of crisis-hit Jet Airways for five months, according to a senior official. Grappling with financial woes, the full-service carrier has delayed salary payments to its staff; and on Sunday, the airline cancelled many flights after some of the pilots reported “sick” over non-payment of their dues. Responding […]
Soon fly from Delhi to Kerala in just Rs 3119
Soon you can fly from Hindon air base in Delhi-NCR to Kannur in Kerala at just Rs 3119! This may sound unbelievable especially for those who plan a trip to Kannur but are forced to postpone due to the limited number of flights and high air fares. According to a Malayalam Manorama news report, passengers […]