Vedanta group firm Cairn Oil & Gas on Monday announced an oil discovery in a Barmer district block of Rajasthan, not very far away from its prolific oilfield in the same desert. In a stock exchange filing, the firm said it has notified the government and the Directorate General of Hydrocarbons (DGH) of the discovery […]
Category: Business Standard
Business Standard
US, Egypt launch working group to prepare for COP27 climate summit
The United States and Egypt on Monday launched a joint working group to prepare for the next climate change summit in November, the American envoy for climate issues said. Special Presidential Envoy for Climate John Kerry said the group is focused on the United Nations’ COP27 conference in Egypt’s Red Sea resort of Sharm el-Sheikh. […]
Adani, Ballard Power to explore investment in hydrogen fuel cell
Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement. Hydrogen is increasingly viewed as a critical medium […]
Power major NTPC pays interim dividend of Rs 3,879 cr for FY 2021-22
State-run power giant NTPC has paid an interim dividend of Rs 3,878.67 crore for the financial year 2021-22. The dividend paid is 40 per cent of the paid-up equity share capital of the company, it said in a statement. This is the 29th consecutive year that NTPC has paid dividend. The total installed capacity of […]
Tata Power, RWE Renewables GmbH tie up to develop offshore wind projects
Tata Power on Monday said it has collaborated with Germany-based RWE Renewable GmbH to explore potential for a joint development of offshore wind projects in India. A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 per cent subsidiary of Tata Power, which is one of India’s largest […]
High court quashes Rs 684 cr tax demand notice against co, says CG Power
CG Power and Industrial Solutions on Monday said that the Bombay High Court has quashed an assessment order of Rs 684.08 crore against the company issued by the I-T department. The court quashed the tax demand notice during a hearing on Monday, a regulatory filing by the company stated. “Further to our captioned letter regarding […]
Drones, laser beams prohibited near Delhi airport for 2 more months
The Delhi Police have prohibited the use of Unmanned Aircraft System (UAS) and the use of laser beams in the jurisdiction of the Sub-Division of Palam, Indira Gandhi International (IGI) Airport, as it poses a serious security threat of a terrorist attack and can also be hazardous to aviation safety. “As there have been frequent […]
InterGlobe Aviation slips 4% after promoter Rakesh Gangwal steps down
Shares of InterGlobe Aviation – parent company of the low-cost airline IndiGo – were down 4 per cent at Rs 2,025 on the BSE in Monday’s intra-day trade after one of its promoter and co-founder Rakesh Gangwal stepped down from the airline’s board. The stock of airline company traded lower for the fourth straight day, […]
Mumbai airport hires banks for sale of dollar-denominated bonds: Report
DUBAI (Reuters) – Mumbai International Airport has hired a group of banks to arrange a sale of U.S. dollar-denominated bonds to refinance existing debt and for capital expenditure, a bank document showed on Monday. Axis Bank, Barclays, DBS Bank, Deutsche Bank, Emirates NBD Capital, IMI-Intesa Sanpaolo, JPMorgan, Mizuho Securities, MUFG, SMBC Nikko, Societe Generale and […]
Domestic air traffic to cross pre-Covid levels in next 2 months: Scindia
The number of daily air passengers is expected to cross pre-COVID levels in the next two months, Civil Aviation Minister Jyotiraditya Scindia said on Monday and also urged states to reduce tax on jet fuel to boost the country’s aviation sector. During the pre-COVID times, domestic airlines carried around 4 lakh passengers per day and […]
Railways: 1.78 cr ticketless passengers in first 9 months of FY’22
The Railways caught more than 1.78 crore ticketless passengers, and those with unbooked luggage, in the first nine months of 2021-22, a jump of around 79 per cent from the non-Covid-hit fiscal of 2019-2020, according to an RTI response. During the coronavirus impacted fiscal of 2020-21, when severe restrictions on traffic movement were in place, […]
Govt plans new digital infra to support domestic coal mines operations
The government plans to implement new technologies and build digital infrastructure to support current and future coal mines operations, a move that would reduce the country’s dependency on imports. Technological advancements in coal mining are also making operations more productive. “The objective is to implement new technologies and build digital infrastructure to support current and […]