Air India’s Chairman and Managing Director Pradeep Singh Kharola on Wednesday announced a new bidding system through which a passenger can upgrade her seat from the economy class to the business class by paying an additional fare. “You have to bid for only the incremental amount. Whatever you have paid for the economy class ticket, […]
Day: January 9, 2019
CERC’s final amendment to interstate open access power regulations
The Central Electricity Regulatory Commission (CERC) has finalized the amended regulations for open access in interstate transmission, which were initially passed in 2008. The new regulations will be in effect from the day of publishing in the official gazette. The CERC had proposed the amendments in August 2018. In response to the proposed changes, the […]
Government may widen subsidy net to cover all cooking fuels
Government may widen its subsidy net to cover all cooking fuels including piped natural gas and bio-gas along with the existing subsidy on LPG and kerosene. Niti Aayog’s proposal for a comprehensive ‘cooking subsidy’ is being deliberated at the top level and could form part of government’s election manifesto with general elections juts months away. […]
Govt eyes about $1 bn from Air India sale
The government is eyeing around USD 1 billion (about Rs 7,000 crore) from the sale of national carrier Air India in the next financial year, a government official said. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would work towards selling […]
HPCL, Mangalore Refinery merger may not happen this fiscal year
The merger of two Oil and Natural Gas Corporation (ONGC) subsidiaries — Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) — is unlikely to happen in FY19. A source close to the development said, “At this pace, the deal is unlikely to happen in FY19. Neither the MRPL board has taken up the […]
Indian refiners pay for Iranian oil in rupees: UCO Bank executive
India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil. India, the world’s third biggest oil importer, […]
Now, Air India to serve food from stock on international return journeys
Air India’s Chairman and Managing Director Pradeep Singh Kharola said Wednesday the airline has started carrying food from India for use during the journey back to the country, in an attempt to rationalise catering costs on international flights. The loss-making airline has already started using food items stocked from India during its onward journey to […]
Shell completes acquisition of Total’s 26% stake in Hazira LNG in Gujarat
Royal Dutch Shell on Wednesday said it has completed the acquisition of French oil major Total SA’s 26 per cent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat. “This brings Shell’s equity interest in the venture to 100 per cent,” the company said in a statement. It, however, […]