Indian energy giant Adani announced on Thursday that it will self-finance its controversial coal mine in Australia and major works on the “scaled back” project will start “imminently after eight years of court challenges from environmental activists and delayed approvals. Adani Mining chief executive officer Lucas Dow said the Carmichael mine in Queensland would initially […]
Day: November 29, 2018
15 states completely electrified: Power minister RK Singh
Fifteen states have completed electrification while another eight are close to achieving complete household electrification, power minister R K Singh said on Thursday. “Eight states have achieved 100% saturation in household electrification under Saubhagya namely Madhya Pradesh, Tripura, Bihar, J&K, Mizoram, Sikkim, Telangana and West Bengal. Thus total 15 States in the country now have […]
Govt plans NTPC OFS in December
The government is planning to sell at least 3.25 per cent stake in power producer NTPC in December, which will help garner Rs 3,800 crore to the exchequer. The Cabinet had earlier approved disinvestment of 10 per cent stake in NTPC, of which 6.75 per cent was sold in August last year. “NTPC offer for […]
Delhi-Mumbai expressway on fast track: Haryana land acquisition completed; soon travel in just 12 hours!
The Delhi-Mumbai expressway project has now gained momentum as the acquisition of land in Haryana, altogether 80 km, has been completed. This means that the final construction work of the expressway is likely to start soon! According to a TOI report, the bidding process is currently on and the acquisition of land is ongoing in […]
Malaysia’s AirAsia Group third-quarter operating profit halves
Malaysia’s flagship budget carrier AirAsia Group Bhd on Thursday posted a 49 percent drop in its operating profit for the third quarter, hurt by higher fuel costs. Its operating profit was 253 million ringgit ($60.50 million), compared with 494 million ringgit a year earlier. Its net profit for the quarter, however, soared about 81 percent, […]
Oil prices firm ahead of G20 meeting, but rising supply curbs gains
Oil prices edged up on Thursday on optimism that trade talks at the upcoming G20 meeting could help the global economy and improve demand, but gains were curbed after U.S. crude inventories hit their highest in a year. U.S. crude futures had risen 20 cents, or 0.4 percent, to $50.49 per barrel by 0737 GMT. […]