Adani Group still expects to make a final investment decision this month on its Carmichael coal mine even after the Australian Senate left for a break without voting on new land title laws, a company spokesman said on Thursday. The Senate ended its current session without voting on changes aimed at resolving legal uncertainties around […]
Day: May 11, 2017
IL&FS-led consortium wins $165 mn road contract in Laos
IL&FS Transportation today said a consortium led by its Singapore arm has won USD 165 million (Rs 1,100 crore) contract for a road project in Laos. “IIPL Laos Pte Ltd, Singapore, a wholly owned subsidiary of the company, has entered into a contract for rehabilitation and development works of the National Road No 1 with […]
52 near-misses in India since 2014; Delhi, Karnataka, Maharashtra account for 50% of it
Last weekend saw two mishaps involving commercial aircraft in Delhi and Jaipur. While no passenger or crew was hurt, the incidents added to the number of narrow escapes passengers have had from mishaps since 2014. According to information accessed from the Directorate General of Civil Aviation (DGCA), there have been 52 such incidents between 2014 […]
Oil up on falling U.S. inventories, Saudi cuts to Asia
Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. inventories and a bigger-than-expected cut in Saudi supplies to Asia helped tightened the market. Brent was 70 cents higher at $50.92 a barrel by 0945 GMT. U.S. light crude oil was up 75 cents at […]
ONGC Videsh Ltd sees 14% jump in output this fiscal
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, is targeting over 14 per cent jump in output to 14.37 million tonne (MT) in the current fiscal, with its fields in Russia contributing half of the total. Talking to reporters on the sidelines of an industry event, OVL Managing Director Narendra […]