India’s largest engineering and manufacturing company Bharat Heavy Electricals Limited (BHEL) made no effort to innovate or strategise its business leading to heavy losses, the Comptroller & Auditor General of India said in its audit report on the company. BHEL, which has more than 75 per cent business coming from the power sector, suffered due […]
Day: August 8, 2017
No document with ICAO to show VT on planes is Victoria Territory
There is no document with the International Civil Aviation Organisation to show that VT symbol on Indian planes stands for Victoria Territory, Union minister Ashok Gajapathi Raju said today. In a written reply to the Rajya Sabha, the civil aviation minister said VT symbol was allotted to India by the International Telecommunications Union (ITU) before […]
Saudi to cut crude oil allocations by 520,000 barrels a day in September
Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut. State oil giant Saudi Aramco will cut supplies to most buyers […]