KOCHI: Petronet LNG Limited on Saturday said talks were being held with officials of two power plants in Kerala on using natural gas as feedstock in place of diesel and naphtha.
Category: Live Mint
Live Mint
India ramps up spending on coal exploration as it slashes funds for mine safety
The Indian government will increase spending on exploration of coal and lignite by 20% in the coming financial year but will slash funding for coal mine safety and conservation, according to the budget document released on Friday.
Jet Airways says stakeholders yet to agree and approve resolution plan
MUMBAI: Jet Airways (India) Ltd. on Friday said that stakeholders of the airline and board of directors of the company are yet to agree and approve the resolution plan that is expected to infuse much needed capital in the company.
Budget ignores renewable sector for the third-time running
NEW DELHI: Despite Piyush Goyal’s grandstanding on renewable energy during his Budget speech, actual allocations for the sector are lower in the year ahead.
Govt to allocate ₹3,900 crore to service Air India debt
NEW DELHI: The government will provide a total of ₹3,900 crore for servicing Air India’s loans transferred to a special purpose vehicle, according to Budget documents.
Piyush Goyal hails govt’s Ujjwala scheme
New Delhi: Finance minister Piyush Goyal on Friday hailed the government’s Pradhan Mantri Ujjwala Yojana, aimed at providing free cooking gas connections. Ujjwala is one of the government’s flagship pro-poor schemes and is considered the equivalent of the previous Congress-led UPA regime’s rural jobs scheme.
IndiGo BIAL in deal to build MRO facility in Bengaluru
Budget carrier IndiGo will develop a new maintenance repair and overhaul (MRO) facility in Bengaluru, the company said on Thursday. The new facility will come up at the Kempegowda international airport and is likely to be operational by March 2020. It will be IndiGo’s second MRO unit in the country after Delhi airport.
BioChem to invest ₹3,000 crore in two projects in Gujarat
AHMEDABAD: US-based BioChem USA LLC has firmed up its plans to invest ₹3,000 crore in two different projects in Gujarat.
Why investors aren’t fleeing Jet Airways despite looming equity dilution
With equity dilution clouds hovering over Jet Airways (India) Ltd, some analysts are perplexed its shares have remained resilient. The airline said it will seek approval from shareholders to increase its authorized share capital and convert a part of its mammoth debt into equity.
Three Boeing 737 aircraft rejoin Jet Airways fleet
MUMBAI: Jet Airways (India) Ltd has restored three Boeing 737 aircraft into its fleet after two consecutive days of flight disruptions that affected hundreds of domestic passengers. The airline added the planes on Thursday after completion of their engine ‘normalisation exercises’, a company spokesperson said.
Oil India gets Sebi exemption from buyback norms
NEW DELHI: Markets regulator Sebi on Thursday exempted state-run Oil India from complying with buyback regulations with regard to its proposed 5.04 crore share purchase programme.
Subsidised LPG price cut by ₹1.46, non-subsidised by ₹30 a cylinder
NEW DELHI: Domestic cooking gas (LPG) price was cut by ₹1.46 per cylinder Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate of the fuel.