ArcelorMittal has taken a big bet in decarbonising its Indian business by investing in a mix of solar and wind power projects in Andhra Pradesh. The company will invest $0.6 billion, or Rs 4,500 crore, to build 975 mega watt of nominal solar and wind capacity in partnership with renewable energy producer Greenko. The solar […]
Category: The Telegraph
Telegraph
Oil firms may inflict more pain, say analysts
Monday night’s rapier moves by the PSU refiners to raise fuel prices are simply not enough to shield their margins, analysts said. They said the 80-paise hike was insufficient. With crude likely to remain alleviated, the refiners may have to raise retail prices by Rs 15-20 a litre. The PSU refiners finally bit the bullet […]
Indian bulk diesel buyers invade pumps
Indian bulk diesel buyers are snapping up diesel from retail stations as pump prices are Rs 25 ($0.33) a litre cheaper than their bulk contract prices, a spokesperson for a fuel retail joint venture of Reliance Industries and energy major BP said. Indian state-run fuel retailers, who dominate local fuel sales, have not raised pump […]
Airbus in talks with Tatas for A350XWB aircraft
Airbus is in talks with the Tata group and other domestic carriers for its wide-bodied A350XWBs, India head Remi Maillard said on Monday. The European manufacturer will showcase the A350s at the Wings India airshow in Hyderabad from March 24-27, Maillard, the president and MD of Airbus India and South Asia, said. The Tatas operate […]
Vedanta plans semiconductor plant in India by 2024
Diversified business conglomerate Vedanta could set up its proposed semiconductor plant in India in the next two years. The company in February announced its partnership with global electronics manufacturing firm Hon Hai Technology group (Foxconn) to manufacture semiconductors in India. As part of the memorandum of understanding, a joint venture will be formed between the […]
European Union sanction threat fires up crude price
Oil prices jumped more than $6 on Monday, with Brent crude climbing above $114 a barrel, as European Union nations considered joining the US in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $6.80, or 6.3 per cent, at $114.73 a barrel by 15:30GMT adding […]
Petrol, diesel price hiked 80 paise a litre; LPG up Rs 50
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre while domestic cooking gas prices were increased by Rs 50 per cylinder, ending an over four-and-half month election-related hiatus in rate revision, sources said. Petrol in Delhi will now cost Rs 96.21 per litre as against Rs 95.41 previously while diesel rates […]
Travel by patients and traders raises Dhaka air fares
Air fares between Dhaka and Kolkata have surged as patients and businessmen have started coming to the city from Bangladesh in large numbers. Passengers, tour operators and airlines said the one-way fare from Dhaka to Kolkata was more than Rs 20,000 on some days, compared with the usual fare between Rs 6,000 and Rs 8,000. […]
Qatar Airways’ Delhi-Doha flight makes emergency landing in Karachi
A Qatar Airways Delhi-Doha flight was diverted to Karachi on Monday after it declared an emergency due to indication of smoke in the cargo hold, the airline said. The flight – QR579 – is carrying over 100 passengers, reports ndtv.com “The aircraft landed safely at Karachi where it was met by emergency services and passengers […]
New Delhi to Doha flight makes emergency landing in Karachi
A Qatar Airways flight from New Delhi to Doha made an emergency landing early on Monday in Pakistan’s southern city of Karachi after it developed a technical fault, according to officials. Pakistan Civil Aviation Authority spokesman Saifur Rehman confirmed that Qatar Airways’ flight QR-579 had landed safely at Karachi’s Jinnah International Airport. Within hours, all […]
Calcutta port used to ferry LPG to Bangladesh
Bangladesh has started using the Calcutta port to import cooking gas from West Asia, opening a new chapter of co-operation between two countries. A very large gas carrier (VLGC) is now anchored at the Sandheads, 145km south of Haldia on the high seas to carry out ship-to-ship (STS) transfer of cargo. LPG will be transferred […]
Rail to develop residential plot of 2.3 acres in Liluah
The Railway Land Development Authority (RLDA) has invited bids to develop a residential plot of about 2.3 acres at Strachey Road Colony, Liluah, near Howrah Railway Station. A pre-bid meeting for the plot — to be available on a lease of 99 years — held last month received good response with several state- and local-level […]