The Delhi government’s draft solar policy, to be placed for cabinet approval soon, mandates all Delhi government buildings to install solar rooftop systems within three years of the policy’s notification. The draft has also proposed that all new commercial buildings with plot size greater than 500 sq m and 50% shadow-free rooftop area and all […]
Day: September 2, 2015
Poland’s PGE may sell telecoms unit: Puls Biznesu
Poland’s biggest power firm PGE may consider selling its telecom business as part of a divestment plan designed to cope with rising CO2 emission costs and tough competition, Puls Biznesu quoted Chief Executive Marek Woszczyk as saying on Wednesday. The state-run group posted a net loss of 5.06 billion zlotys ($1.3 billion) in the first […]
PM Modi voices concern over high airfares during festive seasons
Prime Minister Narendra Modi has expressed concern over steep rise in airfares during festive seasons, following which the Civil Aviation Ministry is looking at ways to curb such instances. There have been instances of airlines hiking price of air tickets during festival seasons when more people travel. According to a senior ministry official, Prime Minister […]
Russian oil output up 0.3 per cent in August thanks to Gazprom, small firms
Russian oil output edged up 0.3 per cent to 10.68 million barrels per day (bpd) in August compared with the month before, Energy Ministry data showed on Wednesday, after Gazprom and smaller producers increased output. Russia, one of the world’s largest crude producers, has been pumping oil at a post-Soviet record of around 10.7 million […]
Jet Airways to merge its weak-performing arm Jet Lite
Jet Airways on Wednesday announced it will merge its weak performing subsidiary Jet Lite with itself. While the balance sheets of the two entities will be merged, Jet Lite will continue to operate under its separate licence. “Consequent to the merger, Jet Lite will become part of Jet Airways and operate as a separate division […]
Lufthansa CEO Carsten Spohr defends hard line on strikes
The CEO of German airline Lufthansa defended the carrier’s hard line on strikes on Wednesday after pilots’ union Vereinigung Cockpit threatened further walkouts in a row over retirement benefits and cost cuts. Carsten Spohr said changes in the aviation industry left Lufthansa with no other choice than to lower costs so it can compete with […]
Ind-Ra assigns ‘IND AAA’ rating to NHAI’s tax-free bonds
India Ratings and Research (Ind-Ra) has assigned NHAI’s proposed Rs 24,000 crore tax-free bonds a long-term ‘IND AAA’ rating with stable outlook on the back of statutory status and financial as well as other linkages from the government. “National Highways Authority of India’s tax exemption status and the privileges of raising funds through capital gains […]
PetroGate: Delhi court fixes November 18 for hearing case
A Delhi court today fixed November 18 for hearing the Petroleum Ministry documents leak case in which 13 persons including five executives of corporate houses were chargesheeted and directed the police to rectify any deficiency in documents provided to the defence. Chief Metropolitan Magistrate (CMM) Sanjay Khanagwal posted the matter for November after some of […]
Houses take a shine to solar power as solar panels get cheaper
As solar panels get cheaper, they are being bought for use in houses also. Until last year, industries and institutions like schools and hospitals bought most of the rooftop solar systems to save on power bills and taxes. Free power from solar panels offset the high rate of electricity for commercial use and businesses were […]
Govt buckles up, to take National Highway length to 1.5 lakh kms by December
The government is committed to adding about 50,000 km of National Highways by the year end to take their length to 1.5 lakh km to “transform the face of India’s infrastructure”, Road Transport and Highways Minister Nitin Gadkari today said. “We are committed to overhauling the country’s infrastructure. In three months from now, we will […]
Cabinet clears auctioning of ONGC, Oil India fields
The Cabinet today approved auction of 69 small and marginal oil fields of state-owned ONGC and Oil India to private and foreign firms as a precursor to a full fledged licensing round. The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, today approved auctioning of the fields that state-owned firms are […]
Australia-India Joint Research Centre to boost energy partnership
Premier energy research institutions of India and Australia have signed a deal to start a new centre for bilateral collaboration in research and technology development for both fossil fuels and renewable energy with a focus on clean coal technologies. Australia-based Curtin University and Indian School of Mines, Dhanbad (Jharkhand), have inked an agreement to establish […]