Israel will award an exploration license to a consortium of Indian state firms led by ONGC Videsh in an auction of its offshore gas fields that saw tepid response from global companies. The decision to award the license, coming just ahead of Israeli Prime Minister Benjamin Netanyahu’s proposed mid-January visit to India, is being seen […]
Day: December 28, 2017
Government sanguine about coal sector in 2018 on demand upswing
The government is looking at 2018 with renewed optimism for the coal sector in the wake of demand upturn and expecting 6-7 per cent growth in supply of the dry fuel next year. Also, the government is hopeful of a better show by state-owned Coal India (CIL), which is expected to achieve an output of […]
PFC, Tata Power Delhi Distribution ink MoU for power distribution
State-run Power Finance Corporation on Thursday said its consultancy arm PFC Consulting Ltd (PFCCL) has entered into a memorandum of understanding (MoU) with Tata Power Delhi Distribution Ltd for jointly exploring opportunities in electricity distribution sector in the country. The scope of the agreement include jointly taking up various distribution projects, network strengthening, electrical mobility, […]
Government doesn’t want Air India to go Kingfisher Airlines way: Ashok Gajapathi Raju
The government does not want Air India to become defunct like the Kingfisher Airlines, promoted by embattled liquor baron Vijay Mallya, and wants it to serve the nation, Civil Aviation Minister Ashok Gajapathi Raju said today. The government does not want anyone working in Air India to lose job, Raju said in the Lok Sabha, […]
Airlines can’t blame computer models for higher fares, German cartel chief says
Airlines shouldn’t be allowed to hide behind computer-based models when justifying higher fares, the head of the German cartel office said in an interview published on Thursday, as authorities review allegations of a recent spike in prices. In November, the cartel office asked national airline Lufthansa for information on prices after receiving complaints about rising […]
24-hr electricity by 2019; discoms to be fined for power failure: R K Singh
By March 2019, all homes in the country will be provided uninterrupted 24-hour power supply throughout the year, Power Minister R K Singh said on Thursday. Singh said that, by December 2018, 1,694 villages, which are yet to be electrified, will have electricity connection and works in this regard has been going on. All homes […]