State-run Coal India Limited (CIL) on Friday said it has supplied 272.88 million tonnes (mt) of coal to the power sector during the April- October period, up by 8.9 per cent, from 250.68 mt in the year-ago period. “We have supplied 22.20 mt of more coal to the power sector during April-October 2018 than what […]
Day: November 2, 2018
Indian Oil second-quarter profit drops on higher forex, raw material costs
State-run refiner Indian Oil Corp Ltd posted a 12.2 percent fall in second-quarter profit on Friday, missing estimate by a wide margin, dented by forex expenses and raw material costs. Net profit came in at 32.47 billion rupees ($446.92 million) in the quarter ended Sept. 30, compared with 36.96 billion rupees a year earlier, IOC […]
Myanmar land issues come in way of Rs 11.77-billion friendship highway
Trilateral highway connectivity between India, Myanmar and Thailand has hit a roadblock as hurdles in land acquisition in most parts of Myanmar have hampered the construction of roads and 71 bridges. The project seeks to connect India with Myanmar and onwards to Thailand and will be its gateway to ASEAN (Association of Southeast Asian Nations). […]
New details highlight Lion Air jet’s problems before crash
New details about the crashed Lion Air’s jet previous flight have cast more doubt on the Indonesian airline’s claim to have fixed technical problems as hundreds of personnel searched the sea a fifth day Friday for victims and the plane’s fuselage. The brand new Boeing 737 MAX 8 plane plunged into the Java Sea early […]
Oil falls again as U.S. allows Iran sanctions waivers
Oil prices slipped further on Friday, heading for a weekly loss of more than 6 percent, after a report that Washington has granted several countries waivers on sanctions on Tehran, allowing them to continue to import Iranian crude. Benchmark crude oil was down 20 cents a barrel at $72.69 by 0900 GMT. The contract has […]
Qatar Airways clarifies, water tanker hit their plane
Qatar Airways has clarified that their plane, which was parked at Kolkata’s Netaji Subhash Chandra Bose Airport, was hit by a water-servicing truck on Thursday. Earlier, the officials had reported that the plane hit a water tanker during its arrival from Doha. However, in an official statement, Qatar Airways specified that the aircraft was parked […]