Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019. The rise in oil defied global stock markets, which slumped on worries about a trade stand-off between the United States and China. Gold, seen as a safe haven, hit […]
Day: March 23, 2018
Myanmar, India mull building cross-border oil pipeline
India has proposed to build a pipeline from the country’s east coast to deliver oil products, mainly diesel, to Myanmar, a Myanmar government official said on Friday. “We have already connected (oil and gas) pipelines to China and Thailand, and we considered connecting (oil) pipelines to India as well as Bangladesh. This is under consideration […]
RB commissions first solar powered facility; inks pact for 100% clean energy supply
Consumer health and hygiene RB India, (erstwhile Reckitt Benckiser) today commissioned its first solar powered factory in Mysore as part of project Greenathon. The factory, running on ‘green power’ forms an extension to RB’s continuous efforts to reach its worldwide sustainability targets, a company statement said, adding that as of today, the factory meets 75 […]
Safeguard duty proposed on solar panel imports for 200 days
The Directorate General of Safeguards (DGS) has recommended imposition of duty on imports of solar cells for a period of 200 days, Parliament was informed today. The preliminary findings have been submitted to the standing board under the commerce secretary, Minister of State for Finance Shiv Pratap Shukla informed the Lok Sabha. Safeguard duty is […]
BHEL to make space grade cells for ISRO
State-run Bharat Heavy Electricals Ltd (BHEL) would make space grade lithium-ion (Li-Ion) cells for the Indian Space Research Organisation (ISRO) under technology transfer, the space agency said on Friday. “We have entered into a technology transfer agreement with BHEL to make space grade Li-Ion cells,” it said in a statement here. The agreement was signed […]
Praveer Sinha to take over as Tata Power MD from Anil Sardana on May 1
Tata Power today announced the appointment of Praveer Sinha as the firm’s new Chief Executive Officer and Managing Director with effect from May 1, 2018. Sinha succeeds Anil Sardana whose exit was announced earlier this year. Sinha is currently the CEO & Managing Director of Tata Power Delhi Distribution Limited (Tata Power-DDL). He has over […]
Air India flight over Saudi airspace reflects India’s new image: Suresh Prabhu
Saudi Arabia’s decision allowing Air India to use its airspace for flights to Israel from New Delhi shows the “new image and reality” of India, Aviation Minister Suresh Prabhu today said. “Saudi Arabia has allowed the first ever flight of Air India (from New Delhi) to Tel Aviv, Israel over its airspace. It has never […]
MEP Infra bags 3 Maha road projects worth Rs 2,922 crore
Road toll management firm MEP Infrastructure Developers today said it, along with its JV partner LongJian Road & Bridge Company, has bagged three road projects in Maharashtra worth Rs 2,921.83 crore from the NHAI. To be developed under the hybrid annuity model (HAM), the project includes four laning of Ausa-Chakur section worth Rs 848.63 crore, […]