PARIS – Airbus Group announced the creation of a $150 million venture capital fund and said it had hired a Google executive to run a new centre in Silicon Valley as it seeks to wave a digital wand over its heavy-manufacturing culture. The planemaker said on Friday that Airbus Group Ventures would invest in “disruptive […]
Month: May 2015
Power projects in state hit a new high
RANCHI: If things move in the right direction, Jharkhand will emerge as the power production hub of eastern India in the next 10 years with a net installed capacity of around 16000MW. With the current peak requirement of 2200MW, the state’s internal demand is expected to double in the next 10 years and even then […]
Project on to make Agartala airport international, says AAI chairman
Agartala : The chairman of Airports Authority of India (AAI), R.K. Srivastava, has said that the Agartala airport is upgrading to international standards. The Rs. 426-crore project is expected to boost the northeast region’s connectivity with Southeast Asia. “All preliminary works have been completed. We will soon engage a project consultant to make Agartala airport […]
DGCA to probe Delhi airport radioactive leak
Mumbai : The Directorate General of Civil Aviation (DGCA) is inquiring into the radioactive leak from a medical consignment carried on Turkish Airlines to New Delhi early this morning. The staff handling the cargo suspected leak and had it removed from the aircraft and kept in cargo segregation area of the airport. The packaging contained […]
Coal scam: Ex-Coal secretary concealed facts from then PM, says CBI
New Delhi : CBI today told a special court that former Coal Secretary H C Gupta had allegedly concealed facts from then Prime Minister Manmohan Singh that Jharkhand had not recommended Vini Iron and Steel Udyog Ltd (VISUL) for allocation of a Chhattisgarh coal block. During arguments on framing of charges in the case involving […]
GAIL cuts down long term gas purchase from RasGas
Mumbai : GAIL(India), the country’s largest gas transmission and marketing company, has decided to cut down its long term purchase of liquefied natural gas from RasGas to 30%. “GAIL has decided to cut down its long term purchase by 30-35%. We are discussing this issue in terms of the options that we have of downward […]
Aboriginal landowners throw fresh legal challenge to Adani Group’s Carmichael coal project in Australia
MELBOURNE: Indigenous aboriginal and owners in Australia’s Queensland state today announced a fresh federal court challenge to Indian mining giant Adani Group’s USD 16.5 billion Carmichael coal mine project. Issuing a statement, the Wangan and Jagalingou (W&J) people, indigenous landowners, said they have vowed to stop the Carmichael mine project and that if it goes […]
Hindustan Powerprojects commissions first unit of 600 MW Anuppur plant
NEW DELHI: Hindustan Powerprojects today said it has commissioned first unit of 600 MW of its Anuppur thermal power plant in Madhya Pradesh. “Hindustan Powerprojects successfully achieved COD of unit-I (600 MW) of the first phase of its flagship 2520 MW Anuppur thermal power project in Madhya Pradesh,” the company said in a statement. The […]
Indian Oil net profit down 33% at Rs 6,285 cr in Q4
New Delhi : State-run Indian Oil Corp today posted a standalone net profit of Rs 6,285.35 crore for the quarter ended on March 31, 2015, down 33.06% compared to that in the same period last year. The company’s standalone net profit was Rs 9,389.85 crore in the January-March quarter in 2013-14, the company said in […]
NTPC net profit tumbles 5% to Rs 2,944.03 cr
New Delhi : State-owned power utility NTPC today reported a 5 per cent drop in its March quarter net profit to Rs 2,944.03 crore. Net profit of Rs 2,944.03 crore, or Rs 3.57 per share, was 4.8 per cent lower than Rs 3,093.54 crore, or Rs 3.75 a share, in the same period a year […]
New road projects to drive TN to new growth trajectory: Minister
Tiruchirapalli : Five new National Highways Authority of India road projects have been awarded to Tamil Nadu at an estimated cost of over Rs 2,000 crore and these projects would drive the state into a new growth trajectory, Union Minister Pon Radhakrishnan has said. The projects are expected to cover over 400 km, he said […]
OPEC sees rivals boosting oil output despite weak prices
London : The North American oil boom is proving resilient despite low oil prices, producer group OPEC said in its biggest and most detailed report this year, suggesting the global oil glut could persist for another two years. A draft report of OPEC’s long-term strategy, seen by Reuters ahead of the cartel’s policy meeting in […]