Karnataka Electricity Regulatory Commission (KERC) Chairman M K Shankarlinge Gowda has said trading of electricity through Open Access System will turn out to be an accepted norm in the near future. In his address at a workshop on Power Sourcing and Open Access System in Karnataka organised by Bangalore Chamber of Industry and Commerce (BCIC) […]
Month: December 2018
International flight from Kuwait lands in Ahmedabad without checked-in bags
Over a hundred passengers travelling from Kuwait to Ahmedabad were in for a jolt when their checked-in baggage did not arrive and they had to leave for home without their baggage. The incident happened last Sunday. A similar incident happened a month ago when a passenger received his bag a week later. With start of […]
Saudi Arabia, Russia meet for talks a day before critical Opec summit
As ministers from Opec and its allies arrive in Vienna for crucial talks, all have made clear they agree on the need for a cut in oil production. But none have explained how they’ll turn that desire into a reality. With just a day to go before a critical Opec summit, Saudi Arabia and Russia […]
DGCA approves flight schedule of crisis-hit Jet Airways for five months
Aviation regulator DGCA has approved the flight schedule of crisis-hit Jet Airways for five months, according to a senior official. Grappling with financial woes, the full-service carrier has delayed salary payments to its staff; and on Sunday, the airline cancelled many flights after some of the pilots reported “sick” over non-payment of their dues. Responding […]
Soon fly from Delhi to Kerala in just Rs 3119
Soon you can fly from Hindon air base in Delhi-NCR to Kannur in Kerala at just Rs 3119! This may sound unbelievable especially for those who plan a trip to Kannur but are forced to postpone due to the limited number of flights and high air fares. According to a Malayalam Manorama news report, passengers […]
Oil jumps 2 percent on expectations of production cuts
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil rose $1.55 or 2.5 percent to a high of $63.24 by 0955 GMT. U.S. light crude was $1.25 higher at $54.20. Both benchmarks climbed around […]
Opec working on 1.3-mn-bpd output cut deal; Russia remains stumbling block
Opec and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a significant production cut was so far the main stumbling block. Opec meets on Thursday in Vienna, followed by talks with allies such as Russia on […]
Lion Air reviewing Boeing jet purchases after crash that killed 189: Report
Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out cancelling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October, sources told Reuters. Group co-founder Rusdi Kirana is furious over what he sees as attempts by Boeing to […]
Electricity bill set to rise in these 5 states as Gujarat gives power relief to Adani, Tata
The Gujarat government last week passed an order to allow thermal power plants owned by Adani, Tata and Essar groups to pass on the higher cost of coal to discoms, which means that ultimately consumers will bear the brunt of higher power tariffs. The decision was taken in accordance with the Supreme Court order and […]
Petrol, diesel to soon cost less in Delhi than UP
Petrol and diesel may soon again become cheaper in Delhi as compared to adjoining cities of Uttar Pradesh as ad valorem duty structure has translated into a bigger reduction in daily prices in the national capital. While petrol and diesel traditionally have been cheaper in Delhi than most states in the country, due to lower […]
Spot power price plunges 40% to Rs 3.59 per unit in November on low demand
Average spot power price in November plunged 40 per cent to Rs 3.59 per unit as compared to the previous month, mainly on account of low demand in northern and western states due to onset of winter, Indian Energy Exchange (IEX) said Tuesday. “The average Market Clearing Price (MCP) at Rs 3.59 per unit registered […]
Limited impact of Qatar’s withdrawal from Opec, say analysts
Crude oil futures are likely to witness some gains in the near term following Qatar’s withdrawal from the Organization of the Petroleum Exporting Countries (Opec) in January 2019. However, analysts say the impact on prices will remain muted as the country is a small producer in the cartel. Qatar’s Energy Minister Saad al-Kaabi told a […]