The government of Prime Minister Narendra Modi sought Parliament’s approval for an equity infusion of Rs 23 billion ($330 million) in Air India, effectively ruling out an immediate revival of its plan to sell the ailing carrier. Modi’s bid to turn the airline profitable under his watch comes after the government failed to find any […]
Day: December 20, 2018
5,759 km of national highways built till Nov this fiscal: Mandaviya
The Road Transport and Highways Ministry has built 5,759 km of national highways till November this financial year, amounting to 58 per cent of the target set for the ongoing fiscal, the Parliament was informed Thursday. The Ministry has set a target of construction of 10,000 km of National Highways in the current fiscal 2018-19. […]
GE Renewable Energy bags ReNew Power order for 300 MW wind turbines
US major GE Renewable Energy has been selected by Indian clean energy firm ReNew Power to provide 120 GE 2.5-132 turbines for the Gadhsisa Wind Farmin Gujarat, according to a GE statement. A company statement here on Wednesday said the wind farm with a proposed installed capacity of 300 MW will be the largest full […]
HC forbids coercive steps against Air India pilot who failed alcohol test
The Delhi High Court Thursday restrained the police from taking coercive steps against Air India pilot Arvind Kathpalia, accused of violating aircraft rules, including evading breath analyser test, and forgery. Kathpalia appeared before Justice Mukta Gupta where the court asked him to join the Delhi police probe and appear before investigating officer Friday morning. Kathpalia […]
ONGC board approves buyback of 252.9 million shares for Rs 40.22 billion
The board of Oil and Natural Gas Corp (ONGC) on Thursday approved buyback of 252.9 million shares for Rs 40.22 billion. In a regulatory filing, ONGC board approved buyback of 1.97 per cent of equity shares for Rs 159 apiece.