Locally produced gas in India will cost 8 per cent less during April-September, the government said in a statement on Tuesday, due to a decline in global prices. India in November introduced a new gas-pricing formula and raised the local prices by a third. The formula links the prices of locally produced gas with those […]
Month: March 2015
Asian imports of Iran crude fall 25%, led by India, South Korea
TOKYO: Asian purchases of Iranian crude fell by a quarter in February from a year ago, led by big drops in India and South Korea, although the future of Tehran’s oil exports remains murky as it and six world powers race to reach a preliminary nuclear deal. Imports by Iran’s four biggest buyers – China, […]
Australia’s green lobby drags Adani group to court over mine project
MELBOURNE: An Australian environmental lobby today dragged Adani group in the Land court of Queensland, objecting to the Indian mining giant’s 16.5 billion dollars Carmichael Coal mine project in the coal-rich state on the ground that it would endanger biodiversity in the region. “Adani’s mine will be the third biggest coal mine in the world. […]
India skips Iran oil imports in March under US pressure
New Delhi: India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to US pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on a preliminary nuclear deal. Iran and six world powers have ramped up the […]
Lanka IOC seeks 30,000 Tonnes oil products
SINGAPORE: Lanka IOC, the Sri Lankan arm of Indian Oil Corp, is seeking 30,000 tonnes of gasoil and gasoline for delivery in April, a tender document showed on Tuesday. The company is seeking 19,000 tonnes of 0.25 per cent sulphur gasoil, 9,000 tonnes of 92-octane gasoline and 2,000 tonnes of E-3 gasoline, which is an […]
Emirates airline makes Wi-Fi available on 106 aircrafts
DUBAI: Dubai-based Emirates airline now offers Wi-Fi on 106 of its aircraft, with two to three more aircraft being installed with the connectivity every month. After updating the service in early February with a simpler sign-on process on top of other software updates, Emirates has seen a further 25 pcer cent increase in uptake. Emirates […]
SC allows Adani Power to defend compensatory tariff before tribunal
New Delhi: The Supreme Court on Tuesday allowed Adani Power Ltd to argue its case for compensatory tariff for power supplied to Haryana discoms in the Appellate Tribunal Electricity (Aptel). The company wanted higher tariff as coal imported from Indonesia became costlier due to “unforeseeable and unprecedented” factors like change of law. The court also […]
US FAA report on India’s aviation safety likely by April 10
NEW DELHI: A team of officials from the US aviation watchdog Federal Aviation Administration (FAA), which is in the capital for a final assessment of India’s aviation safety, is expected to submit its report by April 10. The report could pave the way for a possible upgrade of the country’s aviation safety ranking. The FAA […]
Centre expedites Rs 10,000 cr worth road projects in Karnataka
Bengaluru: Land acquisitions, environment clearances, forest clearances and shortage of aggregates are holding up or delaying road projects, Union Road and Transport Minister Nitin Gadkari said here today. He was speaking at a foundation stone laying ceremony for works relating to new road projects stretching over 500 km in Karnataka. The projects, he said are […]
Vistara plans to add international routes
Gurgaon: India’s newest airline, Vistara, plans to expand its fleet size and start flying to overseas destinations within two years, its CEO said on Tuesday, ahead of an expected change in rules that currently restrict carriers from operating abroad. Vistara, a joint venture of Singapore Airlines and Indian conglomerate Tata Group, is looking to procure […]
Oil Min rejects BP’s request to market jet fuel
New Delhi: The government has rejected a request from BP Plc to be allowed to sell jet fuel to the booming aviation market in Asia’s No. 3 economy, saying it did not meet the conditions necessary, a source with direct knowledge of the decision told Reuters. Consumption of aviation fuel is set to rise in […]
Crompton Greaves wins Rs 115 crore order from Power Grid Corporation
Andhra Pradesh: Crompton Greaves has bagged an order worth Rs 115 crore from the state-run Power Grid Corporation for supply of transmission equipment for the latter’s Vemagiri and Srikakulam sub-stations in Andhra Pradesh, the Avantha Group company said in a statement Monday. The order entails supply of shunt reactors, which are used high voltage energy […]