In a boost to firms like ONGC and Reliance Industries, the government is likely to raise the price of domestically produced natural gas by over 10 per cent to over USD 3.72 per million British thermal unit with effect from April 1, sources in know of the development said. The price of gas produced from […]
Day: February 13, 2019
Adani Transmission profit drops 77.52 pc to Rs 189.22 cr in Q3
Adani Transmission Wednesday reported a 77.52 per cent drop in its consolidated net profit at Rs 189.22 crore in the quarter ended on December 31, 2018, mainly due to higher base last fiscal on account of factoring in one-time income of Rs 742 crore. The company’s consolidated net profit was Rs 841.88 crore in the […]
Don’t have firms to establish helicopters business in India: Jayant Sinha
Minister of State for Civil Aviation Jayant Sinha on Wednesday said there are not many “sufficient well-capitalised companies that can really take a long-term view” to establish helicopter business in India. “The challenge right now with helicopters is that we don’t have sufficient well capitalised companies that can really take a long-term view on helicopters […]
Full text: CAG’s press release on ‘Capital Acquisition in Indian Air Force’
C&AG’s Audit Report No. 03 of 2019 on ‘Capital Acquisition in Indian Air Force’ tabled in Parliament today. Performance Audit Report No. 03 of 2019 of the Comptroller and Auditor General of India on ‘Capital Acquisition in Indian Air Force’ was tabled in Parliament today, the 13 th February 2019. 1. This Report contains two […]
India and Pakistan are hoping to reap investment from Saudi prince’s visit
Saudi Arabia’s Crown Prince Mohammed bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days as part of his efforts to wean the Saudi economy off oil exports. He is also expected to visit China, Malaysia and Indonesia during a tour that will be […]
Major aviation boost for Northeast! 6 airports may get air connectivity with ASEAN nations in the coming years
Northeast eyes major aviation boost! Soon, flying from the Northeast part of the country will be seamless. If everything works out, at least six airports across India’s Northeast region may get connected with ASEAN (Association of Southeast Asian Nations) countries in the coming years. While speaking at the second ASEAN-India Youth Summit, which was organized […]
NDA’s Rafale deal 2.86% cheaper than UPA’s 2007 offer: CAG report
The Rafale deal negotiated by the NDA government to procure 36 fighter jets was 2.86 per cent cheaper than the UPA’s 2007 offer, the Comptroller and Auditor General said in its report. With regard to India specific enhancements, the deal was 17.08 per cent cheaper, said the CAG report, which was tabled in Parliament on […]
Oil gets a boost from Saudi output pledge, declining U.S. inventories
Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories. Brent crude futures rose 88 cents to $63.30 a barrel by 0950 GMT, while U.S. crude oil futures […]
VVIP Chopper case: Court reserves order on bail plea of Christian Michel for Feb 16
A Delhi court Wednesday reserved for February 16 its order on bail plea of Christian Michel, who was arrested in connection with an alleged scam in the Rs 3,600-crore AgustaWestland VVIP chopper deal. Special Judge Arvind Kumar directed both the parties to file short written arguments in the case by February 15. During the hearing, […]
IndiGo’s Bangkok flight lands in Myanmar, 129 passengers affected
BENGALURU: An emergency landing of IndiGo’s Bangkok-bound flight at Myanmar’s Yangon International airport affected 129 passengers on Tuesday. The Indigo 6E 075 flight experienced oil pressure warning on one of its engines. The flight scheduled to depart from Bengaluru airport at 9.20am left only at 11.20am. It developed snags on its way to Suvarnabhumi airport […]
Kochi: Fund-hit RoBs ‘land’ in trouble
Kochi: The delay in releasing requisite funds has stalled the land acquisition proc-ess for construction of railway over bridge (RoB) at Vaduthala, while the failure of Kochi Corporation in handing over the requisite land to Roads and Bridges Corporation Kerala (RBDCK) has kept the RoB project at Atlantis in the backburner.
Deal in bag! Rafales to preen at Aero India 2019
Bengaluru: It’s official. Rafale jets will fly at Aero India 2019 commencing here on February 20. These jets will be flown by pilots of the French Air Force. Dassault Aviation would also display the business jet, Falcon 2000s. The other French aircraft include the Airbus A330-900, Airbus C295 and Airbus H135 along with H145 helicopters. […]