Oil inched up on Thursday, paring some of the previous day’s steep price slide, after the first round of U.S. sanctions against Iran came into effect, although confidence in crude demand has been hit by the escalating China-U.S. trade dispute. Brent crude futures were up 14 cents at $72.42 barrel by 0855 GMT, after having […]
Day: August 9, 2018
Soon, you may be able to fly into Srinagar at night too
Soon, you may be able to take a late evening flight to Srinagar as the state government has decided to allow night landing at Srinagar airport. However, the proposal subject to a test-flight on Thursday is yet to be cleared by the aviation regulator, Directorate General of Civil Aviation (DGCA), according to an IE report. […]
Jet Airways in loss due to weak rupee, surging fuel prices, says Naresh Goyal
Weak currency and rising ATF prices have taken a toll on the fiscal health of Jet Airways. The airline has reported a loss due to weakening rupee and increase in fuel prices, TV reports said today citing Jet Airways Chairman Naresh Goyal. Have a very strong code share network. Despite rising ATF prices, competition is […]
L&T’s power arm bags orders worth Rs 1,080 cr from NTPC
Larsen & Toubro’s power business has bagged an order worth Rs 1,080 crore, the engineering major said Thursday. L&T has received two orders from NTPC for setting up flue gas desulphurisation (FGD) systems at its supercritical thermal power plants at Khargone in Madhya Pradesh and at Lara in Chhattisgarh. “With stringent pollution control measures in […]
New civil terminal at Hindon to handle private jets along with civilian flights
The Airports Authority of India (AAI), which is building the civil terminal at the Hindon Air Force base in Ghaziabad, plans to shift operations of private jets along with the cheap flights operated under the regional connectivity scheme (RCS). The plan entails shifting non-RCS flights whose carrying capacity is less than 80 seats to the […]
Arrival operations at Cochin international airport stopped
The Cochin International Airport Limited (CIAL) stopped the arrival operations today in view of possible inundation in the airport area following a rising water level in the Periyar river. The CIAL is situated close to the river. “As a measure of precaution, we are stopping arrival operations from 1.10 pm today,” a CIAL spokesperson said. […]
Buoyed by new policy, Essar to invest Rs 70 bn to explore shale in Ranigunj
With the Union Cabinet clearing a policy giving operators the option to explore all unconventional hydrocarbons in the existing field, companies have started firming up their shale exploration plans. Essar Oil & Gas Exploration and Production (EOGEPL) on Thursday said that it is planning to invest about Rs 70 billion for developing shale gas potential […]
HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter
Virtually rejecting ONGC’s demand, Hindustan Petroleum Corp Ltd (HPCL) has said it is acting as per its understanding of the statute in not recognising the new majority shareholder as its promoter. “Whatever we are doing, whatever we have done and whatever we will be doing will be as per our understanding of the statute and […]