Coal India has managed an average premium of 39% on 6.38 million tonnes of coal it auctioned to sponge iron customers, helping the state-run coal monopoly get additional annual revenue of Rs 1,248 crore for five years, a company executive said. If these supply contracts were awarded on nomination basis, it would have earned about […]
Month: July 2018
Oil steady as US-Iran row balances trade worries
Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply while escalating trade disputes raised the prospect of slower economic growth and perhaps weaker energy demand. Brent crude oil was unchanged at $73.06 a barrel by 0840 GMT. U.S. light crude was up 15 cents at $68.04. […]
Government considering using LNG as transportation fuel: Dharmendra Pradhan
The Government is actively considering using Liquefied Natural Gas (LNG) as a transportation fuel, Union Minister Dharmendra Pradhan said today. LNG is being imported under open general license on terms and conditions mutually agreed upon between buyers and sellers and it is being traded in the country on market-based mechanism. During Question Hour, Pradhan told […]
Air India apologises for denying Indian table tennis team to board flight
Terming the incident unfortunate, the national carrier Air India has tendered an apology to the Indian table tennis team, who were denied boarding on the Delhi-Melbourne flight on Sunday. In a statement, an Air India spokesperson said, “This was a very unfortunate incident, we apologise to the players and we are arranging next available flights.” […]
Oil steady after G20 warns of risks to growth
Oil prices stabilised on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand. Benchmark Brent crude oil was up 15 cents at $73.22 a barrel by 0750 GMT. U.S. light crude was unchanged at $68.26. Finance ministers and central bank governors from […]
Tepid buying by states may hurt Centre’s 175 Gw green energy target
The country’s ambitious plan to achieve 175 Gw in renewable energy installs by 2022, from 70.52 Gw (as on May 2018) has hit a speed bump. With most states slack in buying green power, the capacity addition target looks less realistic. Figures collated by the Ministry of Power abundantly show that the states aren’t doing […]
U.S. oil industry lobbies against tighter sanctions on Russia
The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate has revived a bill, called DETER, that would allow for swift sanctions if Moscow was found meddling in future U.S. elections. Both Democrats and Republicans are looking to […]
Russia ships key equipment for Kudankulam Nuclear plant
Atomenergomash, a machine-building division of Russia’s Rosatom State Atomic Energy Corporation manufactured has shipped out key set of equipment for the Kudankulam Nuclear Power Plant (KKNPP) in India. The equipment includes Moisture Separator Reheaters and High Pressure Heaters for KKNPP Unit 3 as well as spare parts for the scheduled maintenance of Reactor Coolant Pumps […]
Air India business class infested with bed bugs which costs Rs 2 lakh
Debt-ridden national carrier Air India has hit a new low with bed bugs in its business class. The bugs left an infant covered in bites and bleeding on its premium Newark-Mumbai 17-hour flight on Thursday. Air India had received complaints about bugs in business class seats earlier this week but it appears to have ignored […]
Complaints’ log: Air India, Jet & Indigo are flying low
The state-owned carrier Air India, which the Centre wants to divest, had the most number of complaints lodged against it by passengers last month. Of the 677 passenger-related complaints received by domestic airlines, Air India topped the list with 237 complaints, followed by Jet and Indigo. “In June, 677 passenger-related complaints were received by scheduled […]
Malaysia to release report on disappearance of flight MH370 on July 30
Malaysia will release on July 30 a long-awaited report into the disappearance of Malaysia Airlines flight MH370, the transport minister said on Friday. In May, Malaysia called off a privately-funded underwater search for the aircraft, which became one of the world’s greatest aviation mysteries when it vanished with 239 aboard en route to Beijing from […]
Banks to fund Rs 1.30 trillion for highway construction: Nitin Gadkari
Banks have assured funding to the tune of Rs 1.30 trillion for highways construction, Road Transport and Highways Minister Nitin Gadkari said on Thursday. He said 403 projects worth Rs 3.85 trillion were stalled during the UPA regime. The present NDA government, after assuming power in May 2014, has put on track Rs 3 trillion […]