Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market rally offered support. Brent crude oil fell $1.67 a barrel, or 3.1 percent, to a low of $52.80 before recovering […]
Month: December 2018
L&T’s construction arm bags orders worth Rs 23.57 bn in MP, Andhra Pradesh
Larsen & Toubro (L&T) Thursday said its construction arm of has won orders worth Rs 23.57 billion in the domestic market. L&T’s water and effluent treatment and transportation infrastructure business has secured order worth Rs 12.81 billion from Andhra Pradesh Capital Region Development Authority (APCRDA), the engineering and construction major said in a regulatory filing. […]
Air India should disclose lease income from assets abroad: CIC
Cash-strapped national carrier Air India should disclose its assets abroad and earnings from them, the Central Information Commission has ruled. It “summarily” rejected the contention of Air India that the information sought by activist Aseem Takyar regarding rent, lease fee fetched by it from April 01, 2008 with regard to its properties abroad; demarcation plan […]
As coal demand exceeds supply, govt plans to allot 10 mines to CIL in 2019
With the coal demand from power sector exceeding the supply in 2018, the government is hopeful of higher output in the new year from already allocated mines and plans to further allot 10 mines to state-run behemoth Coal India Ltd (CIL) in 2019. Of the 85 mines already allotted, 23 have already started production and […]
IndiGo plane returns to parking bay at Hyderabad airport to offload baggage
A Delhi-bound IndiGo plane returned to the parking bay from the runway at Hyderabad on Wednesday to offload luggage of an individual who did not board the aircraft. The early morning flight 6E-308, carrying 175 passengers, was delayed by 56 minutes, the airline said. The flight was scheduled to take off at 0435 hours. A […]
Private buyers of Iran crude had no problems exporting it: oil minister
Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran’s oil exports. Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including oil which […]
In Odisha, PM Modi inaugurates projects worth Rs 14,523cr
Prime Minister Narendra Modi inaugurated developmental projects worth Rs 14,523 crore in Bhubaneswar on Monday under the Centre’s ‘Purvodaya’ vision. The investment is a continuation of the special focus on the state by the central government for rapid socio-economic development to unleash the true potential of Odisha and bring it at par with the most […]
Big boost to Bihar’s Darbhanga Airport! Foundation stone for new terminal building to be laid today under UDAN
Darbhanga Airport: Bihar’s aviation infrastructure is all set for a major upgrade! Flying from Bihar will get easier and more convenient in coming days as today, CM Nitish Kumar along with the Union Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu, is all set to lay the foundation stone for a Civil Enclave […]
Oil rises on signs recent low prices crimping US output; but economic worries weigh
Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States, currently the world’s biggest crude producer, though concerns about the global economy continued to weigh. International benchmark Brent crude futures had risen 30 cents, or 0.56 percent, to $54.12 a barrel by 0744 GMT, at […]
Sterlite Power announces financial closure of Arcoverde project
Construction activities are being executed with a view to achieve ahead of schedule commissioning Sterlite Power, a global power transmission company announced the financial closure of their Arcoverde project in Brazil. This closure was successfully achieved in the month of November, 2018. Arcoverde project was won by Sterlite Power during the auction conducted by ANEEL […]
Draft govt policy on charging infra shows India is serious about e-vehicles
This hasn’t been the best of years for those of us who worry about climate change. The US administration has firmly turned against emissions controls. State backing for construction pushed China’s emissions higher. And, far from peaking or even stagnating, worldwide emissions actually increased at the fastest rate in the past seven years, according to […]
GE Power India consortium bags order in Malaysia
GE Power India said on Satuday a consortium comprising the company, GE Hydro France, GE Renewable Malaysia and Sinohydro Corporation has bagged electrical and mechanical works order in Malaysia by SEB Power for a total value of approximately Malaysian Ringgit 595 million and USD 159 million. The value of the order, for the 1,285 mega […]