State-owned CIL on Tuesday said its capital expenditure increased by 6.5 per cent to Rs 19,840 crore in FY24. The company’s capital expenditure was Rs 18,619 crore in FY23, Coal India Ltd (CIL) said in a statement. It accounts for over 80 per cent of the domestic coal output. “CIL achieved 120 per cent target […]
Category: Business Standard
Business Standard
Reliance Industries tries to sell US crude oil as Russian flows gain
Reliance Industries Ltd. offered US oil to other buyers in Asia last week, an unusual move for refiners who rarely seek to resell crude within weeks of buying it. India’s biggest private processor tried to sell West Texas Intermediate Midland crude for May loading, according to traders with knowledge of the matter who asked not […]
Zomato launches all-electric ‘large order fleet’ catering to parties
Zomato, on Tuesday, unveiled a new service, the “large order fleet,” to efficiently manage sizable orders for gatherings, parties, and events. Deepinder Goyal, the company’s CEO, shared the news on X (formerly Twitter), highlighting that this fleet comprises entirely of electric vehicles. Goyal emphasised that this new fleet is specifically crafted for gatherings accommodating up […]
Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project
Delhi-NCR based Juniper Green Energy on Tuesday announced commissioning of 25.2 MW capacity of its 70-MW wind power project. The project has been commissioned almost nine months before the scheduled commercial date of operation, the company said in a statement. The operational 25.2 MW is part of the project’s progressive rollout, it said. This project […]
This power related stock has rallied 63% in 4 weeks; zoomed 660% in 1 year
Shares of Indo Tech Transformers hit a new high of Rs 1,432.65 on Tuesday, as they locked in 10 per cent upper circuit in otherwise a weak market on a healthy business outlook. The stock trade saw only buyers on the counter on the BSE at 01:53 PM. In comparison, the S&P BSE Sensex was […]
Bengaluru International Airport records highest passenger traffic in FY23
Kempegowda International Airport has witnessed the highest-ever annual passenger traffic and cargo numbers, with a total of 37.53 million passengers traversing through its terminals and 4,39,524 metric tonne of cargo passing through the airport during the financial year 2023-24. The airport catered to 32.86 million domestic and 4.67 million international passengers during this period, it […]
China’s air passenger traffic hits fresh record on New Year boost
China’s airlines flew a record number of people in the first quarter, amid government efforts to boost the nation’s tourism sector and strong demand for holidays at home. Total air passenger traffic reached almost 180 million trips in the first three months of 2024, state broadcaster CCTV said Tuesday, citing data from the Civil Aviation […]
China’s March coal output drops 4.2% amid oversupply, weak demand
China’s coal output fell 4.2 per cent in March, statistics bureau data showed on Tuesday, amid oversupply and weak demand. China produced 399.33 million metric tons of coal last month, the National Bureau of Statistics said on Tuesday. That brought output in the first quarter of the year to 1.11 billion tons, down 4.1 per […]
Likely to make next-generation EV batteries by early 2029: Nissan
Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector. But Nissan, like other companies, sees a […]
Jaguar develops mobile energy-storage unit using Range Rover batteries
Jaguar Land Rover has developed a mobile energy storage unit for sale in partnership with UK startup Allye Energy using used batteries from plug-in hybrid Range Rover models, the two companies said on Tuesday. The companies said a single Allye MAX Battery Energy Storage System (BESS) uses second-life batteries from seven Range Rover and Range […]
China’s crude throughput up 1.3% in March, oil production at highest
China’s oil refinery throughput rose in March as refiners stepped up runs amid signs of a tentative economic recovery in the world’s second largest consumer of crude. Total refinery throughput was 63.78 million metric tonnes, data from the National Bureau of Statistics (NBS) showed on Tuesday. That was equivalent to 15.09 million barrels per day […]
Summer holidays: Shell out less than Rs 1,000 as base air fare on 22 routes
Imagine hopping on a quick flight for just Rs 150 as the base fare! This dream is now a reality for travelers in India, thanks to the government’s Regional Connectivity Scheme (RCS), also known as UDAN (Ude Desh ka Aam Nagrik). This initiative aims to make air travel accessible to more people by offering subsidized […]