A crisp 2,000 rupee note would have filled one’s vehicle with about 22 litres of petrol just 15 days ago, now it will get the fuel tank just a little above 19. The fule price has both Delhiites and cabbies singing, ‘mehengayi daayan khaaye jaat jai’, and the two camps find themselves at loggerheads. Social […]
Category: Live Mint
Live Mint
Ayodhya int’l airport project fast-tracked
The Ayodhya International airport project in temple town has been put on fast track by the state government with the Ram Manohar Lohia Awadh University approving a proposal to hand over its 3900-hectare land for the mega project. Around 30 buildings located on this land, including vice chancellor Ravi Shanker Singh’s official residence, will also […]
Coal India lifts embargo on exports
New Delhi: In a major development, state-run Coal India Ltd (CIL) has lifted the embargo on coal exports under its e-auction sales policy. Now coal purchasers, including traders, can export the coal bought through this route. This assumes significance given that CIL is India’s largest coal miner, with the allocation under spot e-auction and special […]
Here’s how LPG cylinder customers can book a refill from distributor of their choice
The central government has announced the launch of a new facility through which LPG customers will be able to choose their distributors for a refill. The facility will be launched on a pilot basis soon in Chandigarh, Coimbatore, Gurgaon, Pune and Ranchi. “Consumers will be able to choose their “Delivering Distributor” from the list of […]
India’s ₹50,000 crore plan to cut dependence on foreign oil
India is set to spend almost $7 billion( ₹50,000 crore) to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil. About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India’s Oil […]
Global oil demand to reach pre-virus levels next year, IEA says
Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity. World consumption will once again surpass 100 million barrels a day in the second half of 2022 as developed economies bring the virus […]
IREDA calls solar module manufacturing bids under PLI scheme
New Delhi: State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has invited bids for setting up solar manufacturing units under the government’s ambitious production linked incentive (PLI) scheme. The ₹4,500 crore PLI scheme for solar photo voltaic modules will help India ramp up its domestic manufacturing capacity. The scheme is expected to add 10-gigawatt (GW) […]
Tata Power switches to smart meters in Mumbai
MUMBAI: To ensure transparency on energy consumption patterns and billing for its customers, Tata Power is installing smart meters in Mumbai. The company has already installed over 7,000 smart meters. With the installation of smart meters, Tata Power has also enabled its customers with valuable data analytics tools. Customers can now view and optimize their […]
NHPC plans to expand solar and wind power portfolio
New Delhi: State-run NHPC Ltd plans to expand its solar and wind power portfolio across the country as part of its green energy playbook. State-run firms are pivoting towards solar and wind energy and investing in India’s green economy in the backdrop of a change in the global energy architecture. There is going interest from […]
NHPC Q4 net profit rises to ₹464 crore; announces dividend of ₹0.35/share
State-owned hydro power giant NHPC on Thursday reported nearly 80% jump in its consolidated net profit to ₹464.6 crore for the March 2021 quarter as compared to ₹258.83 crore in the quarter ended on March 31, 2020. The total income came at ₹2,094.3 crore against ₹2,382.36 crore in the year-ago period. The board of directors […]
NHPC sails through Q4 but concerns over costs remain
The March-quarter earnings of state-run hydropower producer NHPC Ltd would have been disappointing had it not been for higher other income. On a standalone basis, NHPC’s hydropower generation declined 25% on a year-on-year (y-o-y) basis to 2,946 mega units (MUs) for Q4FY21. Power generation was hit by low water flow at most of the company’s […]
These are the world’s most punctual airlines and airports
Challenging times for air travel have led to a shakeup in Cirium’s on-time performance rankings for the industry, with Japan Airlines Co. and Tokyo’s Haneda Airport climbing to the top for punctuality. Other standouts among carriers include Hawaiian Airlines Inc., Red Wings ZAO and Avianca Holdings SA, Cirium said in its first monthly “On-Time Performance […]