European major Airbus today expressed its keen interest in participating in ‘Make in India’ programme in the area of defence and space. The interest was expressed by Bernhard Gerwert, CEO of Airbus Defence and Space, when he called on Prime Minister Shri Narendra Modi here today. Gerwert told Modi that Airbus was keenly interested in […]
Month: June 2015
China starts work on 3,968-km long gas pipeline with Russia
China has started construction of the 3,968-km long gas pipeline to pump 38 billion cubic meters of natural gas from Russia’s far east to Shanghai as it firmed up energy cooperation with Moscow, which is reeling under US and EU sanctions over Ukraine crisis. Russian Prime Minister Dmitry Medvedev joined Chinese Vice Premier Zhang Gaoli […]
Coal scam: Ex-MoS says all decisions taken by Manmohan Singh
Former Minister of State for Coal Dasari Narayan Rao, an accused in Jharkhand’s Amarkonda Murgadangal coal block allocation scam case, today said that decisions to allocate coal blocks were taken by then Prime Minister Manmohan Singh, who was also heading the Coal Ministry at that time. “I was only the Minister of State. All powers […]
Etihad Airways and PIA announce new codeshare agreement
Etihad Airways and Pakistan International Airlines (PIA) have signed a codeshare agreement which will provide travellers with enhanced connections between the UAE, Pakistan and beyond. Abu Dhabi-based Etihad Airways will place its EY code on PIA flights, whereas PIA’s PK code will be placed on Etihad Airways’ flights between Islamabad, Karachi, Lahore, Peshawar and Abu […]
India loses 3.1 billion units of electricity to transmission congestion in 2014-15
Congestion in transmission caused loss of 3.1 billion units of electricity on Indian Energy Exchange (IEX) in 2014-15 which otherwise could have been used to cater to Delhi for over a month or the entire state of Maharashtra for over a week, signifying need for strengthening transmission network in the country. Delhi’s average monthly consumption […]
Indian crude oil basket dips to 3-week low on Greek crisis
The Indian crude oil basket price plummeted to $59.95 per barrel, its lowest in three weeks and second-lowest in over two months, on the back of the ongoing financial crisis in Greece that has strengthened the US dollar against other currencies, making oil more expensive for non-US buyers. The Indian basket of crude oil represents […]
Oil ministry asks refiners to buy dollars, euros to settle Iran oil dues
The oil ministry has asked refiners that owe billions of dollars to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if western powers and Tehran reach a final nuclear deal. Local refiners owe about $6.5 billion to Iran, equivalent to 55% of their oil bill, […]
SpiceJet unveils ‘hand baggage only fares’; discounts for passengers travelling with hand baggage
SpiceJet on Tuesday unveiled a new scheme christened ‘hand baggage only fares’. Through this launch, the carrier is offering a discount to passengers who carry hand-baggage only. By encouraging travelers to travel light, SpiceJet is helping lower fuel consumption, emissions and thus, is helping the environment. The ‘hand baggage only fare’ will be available on […]
Energy-starved Pakistan likely to sign $2 billion pipeline deal with Russia
Energy-starved Pakistan is likely to sign a $2 billion deal with Russia for laying a Liquefied Natural Gas (LNG) pipeline from Karachi to Lahore, a sign of increasing ties between the Cold War-era adversaries. The deal is expected to be signed next month during Prime Minister Nawaz Sharif’s visit to Moscow to attend a summit […]
Coal India afforesting more than double the land it mines on: Coal secretary Anil Swarup
NEW DELHI:Often criticized for being engaged in environmentally hazardous mining activities, state-owned Coal India is afforesting about two and a half times of forest land it conducts mining on so as to minimize impact on land and environment. “Coal India has so far used 13,500 ha of forest land and created green cover on 34,316 […]
GMR Infra JV Breaks Ground for Mactan-Cebu Airport Terminal 2
GMR Infrastructure announced that its joint venture with Megawide Construction Corp. of Philippines, GMR Megawide Cebu Airport Corp., broke ground for the construction of Mactan-Cebu International Airport (MCIA) Terminal 2, which is expected to be completed by 2018. GMR Infra JV won the contract to expand and modernize Mactan-Cebu airport on BOT basis for 25 […]
Air India to enforces stricter baggage rules in UAE from July 1
DUBAI:Passengers travelling by Air India and Air India Express from the United Arab Emirates (UAE) would face stricter rules on hand baggage from July 1. “The free allowance for hand luggage would be restricted to eight kg on Air India and seven kg on Air India Express, inclusive of duty free items,” Khaleej Times reported […]