Low cost carrier SpiceJet has on a trial basis stopped taking hot meals for crew on its flights and will instead give cabin crew and pilots operating domestic flights a daily allowance of Rs 300 so that they can have hot meals at airport terminals or buy on board. The crew have been told if […]
Month: September 2018
ONGC finds oil, gas reserves in Madhya Pradesh, West Bengal to open 2 new basins in India
State-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country, the firm’s director for exploration has said. ONGC had previously opened six out of India’s seven producing basins for commercial production. It is in […]
Jet Airways pilots, engineers warn of ‘non-cooperation’ on salary payment
With Jet Airways delaying salaries of its pilots and engineers for the second consecutive month amid a severe financial crunch, its pilots have warned the management of “non-cooperation” over default on payments. The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting […]
ONGC’s $1.6 bn stake sale hits hurdle as govt may reimpose fuel subsidies
India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation. Investors and fund managers that met with Indian government officials during a U.S. roadshow last […]
U.S., India in ‘very detailed’ talks about halting Iran oil imports: U.S. State Department official
The United States and India are engaged in “very detailed conversations” over Washington’s request to completely stop India’s oil imports from Iran, a senior U.S. State Department official said on Thursday. U.S. President Donald Trump this year ordered the reimposition of economic curbs on Iran after withdrawing his country from a 2015 nuclear deal between […]
Supreme Court to hear plea seeking stay on Rafale jet deal next week
The Supreme Court Wednesday agreed to hear next week a PIL seeking a stay on the Rafale fighter jet deal between India with France. A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered the submissions of advocate M L Sharma that his plea be listed for urgent […]
Prominent roads in UP to be named after great personalities
The Uttar Pradesh government has decided to name prominent roads in various districts of the state after great personalities associated with them. The state government has also decided to name 54 inter-state highways after national and international personalities, Deputy Chief Minister Keshav Prasad Maurya said while addressing a review meeting of the PWD department on […]
India soars above global average in hiring female airline pilots
When Shweta Singh wanted to become a pilot in India 20 years ago, she had to first persuade her parents to let her pick an uncommon profession for women, then deal with unwelcoming male colleagues in the cockpit. Today, she says, it would be a much easier career to embrace. More Indian women want to […]
Government need not respond to daily, weekly changes in oil prices: Niti Aayog
Niti Aayog Vice Chairman Rajiv Kumar said Wednesday the government need not respond to daily or weekly changes in the oil prices as they declined in July after showing northward movement a month ago. Crude oil has gained USD 7 a barrel in a fortnight, driven by fears that the US sanctions on Iran will […]
New greenfield policy will not yield long-term results: IATA
The biggest airline group – International Air Transport Authority (IATA) – has said that the government’s new green field policy that fixes a per passenger yield criteria as the bidding parameter for future airports would not yield good long-term results. “We believe it makes no sense to fix a per passenger yield at the outset […]
Oil prices jump as Gulf of Mexico rigs evacuated
Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. U.S. light crude rose $1.31 a barrel from Friday’s close to a peak of $71.11, its highest since mid-July, before easing to around $71.00, up $1.20, by 0900 GMT. U.S. markets were closed on […]
RInfra consortium inks MoU for Rs 70 bn Versova-Bandra sea link project
Reliance Infrastructure (RInfra) said Tuesday that its consortium has inked an MoU with Maharashtra State Road Development Corporation (MSRDC) for the Rs 70 billion Versova-Bandra Sea Link Project in Mumbai. “Reliance Infrastructure Limited – Astaldi SpA (Italy) Consortium signed an agreement with MSRDC today for construction of prestigious Versova-Bandra Sea Link Project in Mumbai,” the […]