Coal India Limited (CIL) on Thursday said it is preparing to launch a rescue operation at the coal mine in Meghalaya’s East Jaintia Hills to rescue the 15 trapped miners. The miners have been trapped in the mine since December 13 after it got flooded. General Manager of CIL’s Northeastern Coalfields, J. Borah said the […]
Day: December 27, 2018
France’s Vinci Airports to buy majority stake in London Gatwick for $3.7 billion
Vinci Airports, part of France’s Vinci, will buy a 50.01 percent stake in London Gatwick Airport for about 2.9 billion pounds ($3.67 billion), it said on Thursday. The other 49.99 percent of the second largest airport in Europe will be managed by Global Infrastructure Partners, Vinci said.
Indian Oil, ONGC, NTPC most profitable PSUs in FY18
Indian Oil Corporation, ONGC and NTPC emerged as the top three most profitable PSUs in 2017-18, while BSNL, Air India and MTNL incurred the highest losses for the second consecutive year, according to a survey tabled in Parliament Thursday. The Public Enterprises Survey 2017-18, which mapped the performance of central public sector units, revealed that […]
Govt has prepared revival plan for Air India: Jayant Sinha
The government has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline’s core businesses and robust organisational reforms, Union Minister Jayant Sinha said Thursday. Various initiatives to turnaround the national carrier, which is staying afloat on a bailout package extended by the previous […]
Oil slips back towards 18-month lows on oversupply
Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market rally offered support. Brent crude oil fell $1.67 a barrel, or 3.1 percent, to a low of $52.80 before recovering […]
L&T’s construction arm bags orders worth Rs 23.57 bn in MP, Andhra Pradesh
Larsen & Toubro (L&T) Thursday said its construction arm of has won orders worth Rs 23.57 billion in the domestic market. L&T’s water and effluent treatment and transportation infrastructure business has secured order worth Rs 12.81 billion from Andhra Pradesh Capital Region Development Authority (APCRDA), the engineering and construction major said in a regulatory filing. […]