The slow pace of fitting out regional airports risks delaying Prime Minister Narendra Modi’s ambitious plan to launch more flights connecting smaller towns and cities and get millions more people using air travel. The programme, flagged off by Modi last year, aims to boost economic growth by refurbishing idled colonial-era airstrips or building newer airports, […]
Day: June 11, 2018
India’s Nayara Energy begins cutting Iran oil imports – sources
Indian refiner Nayara Energy, one of the country’s biggest buyers of Iranian oil, began cutting imports this month after the United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people familiar with knowledge of the matter said. Previously named Essar Oil, Nayara was bought by Russian state oil-giant […]
Oil prices slip as U.S. and Russian supplies grow
Oil prices slipped on Monday, pulled down by rising Russian production and the highest U.S. drilling activity in more than three years but supported by concerns over future Iranian and Venezuelan output. Analysts expect higher U.S. output to offset supply curbs by the Organization of the Petroleum Exporting Countries, which have been in place for […]
Tata Power arm bags 150 mw-solar project in Maharashtra
Tata Power’s subsidiary Tata Power Renewable Energy has won a 150 mw-solar PVproject on the long term basis in Maharashtra, the company said in a statement Monday. This project is a part of Maharashtra State Electricity Distribution Co’s 1,000-mw grid connected solar power projects for which it had invited bids a period of 25 years. […]
Coal India’s output increases to 567 mn tonnes in FY18: Piyush Goyal
State-owned Coal India’s output increased by 105 million tonnes (MT) in the last four years to reach 567 MT in 2017-18, Union Minister Piyush Goyal said on Monday. The remarks come at a time when the country is facing coal shortages. Coal India Ltd’s output has increased from 462 MT in 2013-14 to 567 MT […]
Compressor issue in Rolls-Royce engine grounds Boeing 787 Dreamliners
Britain’s Rolls-Royce said on Monday a costly problem affecting the durability of a certain type of Trent 1000 engine had spread to another type and would require further inspections, affecting customer Boeing. Rolls has been battling to fix a problem with the compressor in the Trent 1000 package C engines that power Boeing’s 787 Dreamliner […]
Flying Air India? Shell out more for excess baggage from today
If you’re flying Air India, get ready to shell out more dough for excess baggage from today. The state-owned carrier from Monday will charge more if your luggage exceeds the permissible weight limit. The debt-laden airline + has revised its excess baggage charges by Rs 100 per kg to Rs 500 for domestic travels from […]