Clarifying the Cairn India-Volcan Investment transaction, Anil Agarwal-led Vedanta on Monday said the structure provides significantly higher returns compared to other overseas cash management investments that would typically return around two per cent. Last week, Vedanta announced that Cairn India Holdings Limited, would invest $0.5 billion in Volcano Investment Limited, the parent company of Vedanta […]
Oil prices rose to their highest so far this year on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry tightened markets. International Brent crude oil futures climbed to a 2019 high of $63.37 per barrel around 0800 GMT after already rising by 3 percent the previous session. U.S. West Texas Intermediate […]
State-owned power producer NTPC Ltd (National Thermal Power Corporation Limited) said it would “take up legally” the arbitration tribunal’s order against it to shell out over Rs 2,000-crore to Jindal ITF in interest payments. Jindal ITF is a subsidiary of Jindal SAW. NTPC would have to pay extra interest depending on time between the date […]
In a major concession to senior travellers, several airlines such as Air India, Indigo and Spicejet are offering massive discounts on the air tickets. The exclusive benefits are applicable to those aged 60 and above. Check for details such as eligibility, discounts and validity, here: Air India Applicable only on the select booking classes on […]
A district consumer disputes redressal forum here has directed Indian Airlines and a travel agency to compensate a group of passengers by paying over ₹60,000 after the airlines rescheduled a flight to Dibrugah without prior intimation.
The Road Transport Authority (RTA) and the City Traffic police have planned massive awareness campaigns as part of the 30th National Road Safety Week, beginning Monday. The officials also have decided to conduct enforcement drives and book the traffic rule violators.
The Cochin Customs unit seized a total of 1.5 kg of gold and 50 cartons of cigarettes from a passenger who arrived at the Cochin International Airport from Doha on Sunday. A total of 923 grams of gold was seized from the passenger.
The Tamil Nadu Electricity Regulatory Commission (TNERC) has proposed a solar tariff of Rs. 3.04 per unit without accelerated depreciation benefit for the financial year 2019-20, marginally lower than the Rs. 3.11 per unit set last year.
A dense fog enveloped Delhi on Monday morning as several flights to and from the national capital were delayed and 27 trains were running late, officials said.
China’s state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies.
CHENNAI: Power supply will be suspended from 9 am to 4 pm on Monday for maintenance work in Injambakkam, KK Nagar. According to a release from Tamil Nadu Generation and Distribution Corporation (TN-GDC), the power supply will be resumed before 4pm if work is completed.
VILLUPURAM: Six people including a two-and-a-half year old boy were injured following an LPG cylinder explosion at Sithalapakkam near Brahmadesam on Friday.