A fire at a fuelling station in Romania caused an explosion that killed at least one person and injured at least eight others Saturday, prompting an evacuation of the immediate area, authorities said. A second explosion at the station injured at least 26 firefighters, emergency officials said. The explosions happened at a fuelling station that […]
Category: Business Standard
Business Standard
Fine slapped on IOC, ONGC, GAIL for failure to meet listing regulations
Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number of independent directors and women directors. In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that […]
GreenCell’s NueGo battery-operated buses to soon zip through roads in TN
Electric tourist bus service NueGo promoted by GreenCell Mobility would soon ply on the local routes in Tamil Nadu, the state government said on Sunday. Recently, NueGo became the first battery-operated transport vehicle to be registered in the state following the government order stating all such passenger vehicles shall be issued permits by the transport […]
FinMin considering proposals to include EVs under priority sector lending
The finance ministry is considering the proposal for including the electric vehicles infrastructure under the priority sector lending category, a senior government official said on Saturday. The move will promote and accelerate the penetration of EVs in the country and attract investments in the sector. “We have received a representation from power ministry to include […]
CSM Tech, IIT-M to build autonomously driven electric race car by 2025
Indian IT company CSM Tech, with an active business footprint in Africa, Dubai, the US, and Canada, has teamed up with IIT Madras to help build the world’s fastest, autonomously driven electric race car by 2025. CSM Tech is backing Raftar, a motorsports team run by the students of IIT Madras. Raftar is a team […]
Global inflation pressures could become harder to manage in future: Study
Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet their inflation targets. That concern was a theme sounded […]
Power returns to Kenya after 14 hrs, longest in recent memory; airport shut
Electricity was being restored in most parts of Kenya on Saturday, 14 hours after the longest outage in recent memory, the majority government-owned power distributor said. There was still no clear explanation for the outage that hit on Friday night, shutting down the country’s main international airport, affecting major hospitals and even the president’s office […]
Nationwide protests in Pak gain momentum against inflated electricity bills
Every day in Pakistan, more people are joining the nationwide protest against excessive electricity prices. As a form of protest, people are taking to the streets and burning their banknotes, ARY News reported. Protests against the exorbitant electricity prices have spread across the entire nation, from Karachi to Khyber, and some protests are now turning […]
Pak caretaker PM holds emergency meeting over inflated electricity bills
Amid country-wide protests over inflated power bills, Pakistan Interim Prime Minister Anwaarul Haq Kakar held an emergency meeting on Sunday over the rising issue of electricity rates and inflated consumer bills, reported Dawn. Caretaker Information Minister Murtaza Solangi said that the meeting was held at the PM’s office in Islamabad and it went for over […]
Imran Khan’s PTI blames Shehbaz Sharif led govt for inflated power bills
The Pakistan Tehreek-e-Insaf (PTI) blamed the Pakistan Muslim League-N party for the rising cost of electricity, warning that power tariffs might jump to around Pakistani Rupee (PKR) 85 per unit in the next few months, Dawn reported. With protests erupting over inflated power bills, PTI secretary general Omar Ayub Khan said the PML-N government was […]
Multiple backups, tech to ensure continuous power supply for G20 Summit
To ensure uninterrupted power supply for the G20 Summit, authorities are leveraging latest technology and have installed multiple backups at the venue, Pragati Maidan, officials said on Saturday. Power discom BSES has enhanced the supply to Pragati Maidan by establishing three separate power sources to ensure reliability. Cables measuring three km have been laid to […]
Water release just start of decommissioning at Japan’s Fukushima plant
At a small section of the Fukushima Daiichi nuclear plant’s central control room in northeastern Japan, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted and released into the Pacific Ocean. In the coastal area of the […]