NDA ally Shiv Sena on Friday came down heavily on the Centre over its decision to privatise national carrier Air India, saying had such a decision been taken by the previous Congress-led UPA government, the BJP would not have spared it. It also asked the finance minister to spell out the reasons which made the […]
Day: June 30, 2017
LNG price battle between India-US may impact Trump’s export aims
India’s biggest importer of US liquefied natural gas (LNG) is trying to re-negotiate prices with the US seller, sources said, undermining plans by US President Donald Trump to export more gas to the fast-growing Asian nation. At a joint news conference with Prime Minister Narendra Modi at the White House this week, Trump said the […]
Daily fuel revision: Dealers claim Rs 400 cr loss, demand new margin model
Oil marketing companies (OMCs) like Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL), and Bharat Petroleum Corporation (BPCL) are considering a revision in the formula for deciding dealer margins, to insulate them from the fluctuations due to daily pricing. This comes at a time when the battle between OMCs and fuel retail dealers are intensifying, […]
Will not chase Air India if not profitable: IndiGo president tells staff
Having joined the race to buy out Air India, IndiGo President Aditya Ghosh has told employees that it will not embark on the journey if it is not profitable and jeopardises interests of the airline. Making its intention clear to become a world-class international carrier, IndiGo became the first airline to formally express interest in […]
Yogi govt rolls out new electricity scheme in UP, says no to discrimination
Uttar Pradesh Chief Minister Yogi Adityanath on Friday asserted that his government was committed towards the welfare of all sections of the society with its new electricity scheme that would provide free electric supply to below poverty line (BPL) households. The scheme is intended to improve power access in the region without following any discriminatory […]