The narrow Palampur- Hamirpur state highway, one of the busiest roads that links Palampur with Shimla, Chandigarh, Hamirpur, Bilaspur, Shimla and Una, is crying for the attention of authorities. During last year’s monsoon, the road was badly damaged by the landslides. The debris and muck which had come down on the highway during the rainy […]
Category: The Telegraph
Telegraph
Tata Group-owned Air India borrows $120 million from Japanese lender SMBC
Japanese lender SMBC on Wednesday said Tata Group-owned Air India has borrowed $120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India’s purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement. SMBC said this is a secured debt […]
Air India Express to operate its inaugural flight to Ayodhya on December 30
Air India Express will operate its inaugural flight to Ayodhya from the national capital on December 30 and will commence scheduled daily service on the route from January 16. The Maryada Purushottam Shri Ram International Airport at Ayodhya has an extended runway suitable for A-321/B-737 type aircraft operations. In a release on Wednesday, Air India […]
SpiceJet expresses interest in acquiring bankrupt Go First
No-frills carrier SpiceJet has expressed interest in the acquisition of Go First which has been grounded since May 3 this year. “SpiceJet Ltd has expressed interest with the Resolution Professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination […]
SpiceJet says interested in buying bankrupt Go First, plans to submit its offer
SpiceJet on Tuesday said it has expressed interest to acquire Go First and plans to submit its offer after carrying out due diligence of the bankrupt carrier. Go First, which stopped flying since May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process. In a regulatory […]
Elon Musk says oil and gas should not be demonised
Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the planet. Musk, speaking at a right-wing political gathering organised by Italian Prime Minister Giorgia Meloni’s Brothers of Italy party […]
India, UK look to resolve visa, EV issues under proposed free trade agreement
India and the UK are trying to resolve issues concerning visas for domestic professionals and duty concessions on British electric vehicles (EVs) as part of the proposed free trade agreement, and talks on them are at the last leg, an official said. An Indian team is in the UK to iron out differences over these […]
S&P downgrades Vedanta Resources’ rating to ‘CC’ amid bond maturity extensions
Global rating agency S&P Global, which sees rising risks of a “conventional payment default’’, has downgraded Vedanta Resources. Vedanta Resources is the parent of Vedanta Ltd, the diversified domestic firm in the midst of a mega restructuring. The downgrade by S&P came even as VRL announced that it has secured a $1.25-billion loan from private […]
Adani Group to invest $100 billion in green energy transition
Billionaire Gautam Adani’s group will invest $100 billion in green energy transition over the next 10 years across its ports, power and cement operations as it aims to become a net zero emitter by 2050. The conglomerate is expanding its renewable portfolio to 45 gigawatts as well as building three giga factories to manufacture solar […]
Cash-strapped SpiceJet to raise Rs 2250 crore in funds through equity shares, warrants
Cash-strapped SpiceJet will raise more than Rs 2,250 crore through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares at an issue price of Rs 50 each. SpiceJet will issue convertible warrants to 64 allottees, including Prabhudas Lilladher Advisory Services, LKP Finance, Martina Developers, and Fincon. The issue price […]
CIL capex set to surpass the target of Rs 16,500 crore as mining activity gains momentum
Coal India expects its capital spend in 2023-24 to surpass the target of Rs 16,500 crore as mining activity gains momentum post-monsoon. The government-owned miner’s capex spend was Rs 10,942 crore at the end of November 2023, 7.6 per cent higher than Rs 9,751 crore in the corresponding period of the previous year. “We are […]
Tata Power EV Charging Solutions signs pact with Indian Oil to install charging points
Tata Power EV Charging Solutions (TPEVCSL), an arm of Tata Power, has inked an agreement with Indian Oil Corporation to install more than 500 fast and ultra-fast electric vehicle (EV) charging points in the country. The memorandum of understanding (MoU) between the two will result in Tata Power installing EV charging points across multiple IOC […]