New Delhi: Joining the chorus against power distribution utilities (discoms) delaying payment to electricity producers, the Association of Power Producers (APP) has said the burgeoning dues may adversely affect electricity supplies. Earlier this month, state-run power giant NTPC had given notices to Andhra Pradesh, Karantaka, Telangana and Jammu and Kashmir for curtaining power supply over […]
New Delhi: Coal imports increased by 5.1 per cent to 189.9 million tonnes (MT) in the April-January period of the ongoing fiscal, according to a report. Coal imports were at 180.61 (MT) in the April-January period of the previous fiscal, the report by mjunction services showed. mjunction, a joint venture between Tata Steel and SAIL, […]
Mumbai: Low-cost carrier AirAsia India on Friday announced an up to 20 percent discount on its ticket prices for travel across its flights as well as AirAsia network for a limited period sale offer. The seven day offer commences from February 18 for travel between February 25 and July 31, AirAsia India said in a […]
Hyderabad: The Expert Appraisal Committee under the Environment Ministry has given “green signal” to Indian Oil Corporation Ltd for setting up a grass root petroleum storage and distribution terminal in Telangana. According to the minutes of the meeting held recently, the proposal involves setting up petroleum storage and distribution terminal comprising 28 tanks with combined […]
New Delhi: Loss-making Jet Airways is likely to receive fund infusion worth over Rs 3,000 crore post debt-rejig and investments by Etihad Airways as well as National Investment and Infrastructure Fund (NIIF) while founder Naresh Goyal might remain the promoter with less than half of the existing majority stake of 51 per cent, according to […]
New Delhi: Financially-stressed Jet Airways on Thursday reported a standalone net loss of Rs 587.77 crore for the third quarter ended December 31, owing to higher fuel cost and rupee fall. The company had posted a standalone net profit of Rs 165.25 crore in the same quarter previous fiscal, Jet Airways said in a statement.
New Delhi: Shares of Oil and Natural Gas Corporation (ONGC) rose by over 2 per cent on Friday after the company reported a 65 per cent jump in its third quarter net profit. The company’s shares gained 2.27 per cent to close at Rs 135.10 on BSE. It jumped 6.58 per cent to Rs 140.80.
Bengaluru: Besides providing huge logistic support, Hindustan Aeronautics Limited will showcase its prowess in defence and aerospace centred on the theme ‘Innovate, Integrate and Lead’ at the Aero Show 2019. “HAL is poised to tap into the opportunities during the forthcoming Aero India and will highlight its indigenously designed and developed fixed and rotary wing […]
Paris: Europe’s Airbus is scrapping production of the A380 superjumbo, with lacklustre sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed […]
Mumbai: The board of Jet Airways on Thursday approved a plan by its lenders led by the State Bank of India (SBI) to resolve a Rs 8,500-crore funding gap, making the lenders the largest shareholders in the troubled airline. The resolution plan involves infusion of funds, monetisation of assets and restructuring of debt.
THIRUVANANTHAPURAM: From February 20, unions claiming to represent some 10,000 employees of the AAI have threatened to go on an indefinite strike against leasing out the six airports, The airports seeking capital infusion are Ahmedabad, Jaipur, Lucknow, Guwahati, Trivandrum and Mangalore. Scores of people gathered in front of the Trivandrum International Airport on Wednesday with […]
New Delhi: The government on Wednesday approved the signing of Memorandum of Understanding between India and Saudi Arabia on establishing a mechanism for investment in infrastructure. The MoU will be a step forward in engaging with the institutions of Saudi Arabia to attract a potential investment into the infrastructure sector, an official statement said. It […]