Delhi, the national capital, continues to grapple with freezing weather on Tuesday, causing significant disruptions at Indira Gandhi International (IGI) Airport. According to airport officials, approximately 30 departing flights were delayed, and 17 were cancelled due to adverse weather conditions. The minimum temperature plummeted to five degrees Celsius, leading to visible delays with passengers awaiting […]
Category: Business Line
Business Line
Fukushima nuclear plant starts 2nd release of treated wastewater into sea
Japan’s wrecked Fukushima nuclear power plant said it began releasing a second batch of treated radioactive wastewater into the sea on Thursday after the first round of discharges ended smoothly. Plant operator Tokyo Electric Power Company Holdings said workers activated a pump to dilute the treated water with large amounts of seawater, slowly sending the […]
Japan’s top energy company keen on investing in Maharashtra: Fadnavis
Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said JERA Co Inc, Japan’s largest power generation company, has expressed a strong desire to explore investment and partnership opportunities with the state government in areas of green hydrogen, ammonia, renewable Energy and liquefied natural gas (LNG). The deputy CM, who is on a visit to Japan, […]
India’s Russian oil import ‘minuscule’, must not be politicised: Govt
India on Wednesday asserted that its energy purchases from Russia remain ‘minuscule’ in comparison to its total consumption and that legitimate energy transactions cannot be politicised as energy export from Russia are yet to be sanctioned. The world’s third-biggest oil-consuming and importing nation has in recent weeks snapped few cargoes available from Russia at deep […]
Tata Power net profit rises 74% to Rs 552 cr in December quarter
Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues. This was the ninth consecutive quarter of PAT growth, it added. “Consolidated PAT (profit after tax) up by 74 per cent YoY year at Rs 552 […]
Follow WHO advice, rescind travel bans imposed due to Omicron fear: IATA
The International Air Transport Association (IATA) called for governments to follow World Health Organisation’s (WHO) advice and immediately rescind travel bans that were introduced in response to the Omicron variant of coronavirus. Public health organisations, including the WHO, have advised against travel curbs to contain the spread of Omicron. “After nearly two years with Covid-19 […]
BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race
A high-powered committee will, on Tuesday, evaluate preliminary bids received from mining-to-oil conglomerate Vedanta and private equity firms Apollo Global and I Squared Capital’s arm Think Gas for buying the government’s 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL), sources said. Last week, an inter-ministerial meet was held to discuss the BPCL valuation […]
Oil prices near $50 as coronavirus vaccine fuels demand recovery hopes
Oil prices climbed as news about Covid-19 vaccines lifted investor hopes for a recovery in fuel demand and the dollar, in which oil is traded, reached 2 1/2-year lows. Brent crude rose 51 cents, or 1 per cent, to $49.35 a barrel by 7:35 pm IST. West Texas Inter-mediate (WTI) crude climbed 51 cents, up […]
Discoms’ outstanding dues to power gencos rise 28% to Rs 1.38 trn in Sept
Power producers’ total dues owed by distribution firms rose over 28 per cent year-on-year to Rs 1,38,479 crore in September 2020, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 1,07,930 crore to power generation firms in September 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for […]
India will drive the global energy demand, says PM Narendra Modi
India will drive the global energy demand, Prime Minister Narendra Modi said on Monday as he showcased his government’s recent reforms in the sector to global investors. Speaking at the India Energy Forum by CERAWeek, Modi said the coronavirus pandemic had resulted in global energy demand falling by one-third, investment decisions being impacted and predictions […]
Abraham accords: US, Israeli envoys fly to Bahrain to advance nascent ties
A joint American-Israeli delegation was set to fly to Bahrain Sunday on the first direct Israeli commercial flight to the Gulf Arab state, where they’ll be signing a number of bilateral agreements following an announcement last month to normalise relations. US Treasury Secretary Steven Mnuchin and Prime Minister Benjamin Netanyahu’s national security adviser, Meir Ben-Shabbat, […]
Adani Green Energy reports Rs 21.75 crore profit for June quarter
Adani Green Energy on Friday posted a consolidated net profit of Rs 21.75 crore for June quarter mainly on the back of higher revenues. The company had a net loss of Rs 97.44 crore in April-June 2019-20, a BSE filing said. Total income rose to Rs 878.14 crore in April-June 2020-21 from Rs 675.23 crore […]