Oil prices rose by around 1 percent on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-U.S. tariff dispute could end soon and as China’s trade figures including crude imports beat forecasts. International Brent crude oil futures were at $64.35 per barrel at 0754 GMT, up 74 cents, or 1.1 […]
Day: February 14, 2019
Delhi Discoms find new ways to combat power theft cases, recover outstanding bills
BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have announced that they have resolved around 37,000 cases through “Lok Adalats” (an alternative dispute redressal mechanism) in association with Delhi State Legal Services Authority (DSLSA) for on-the-spot settlement of cases of power theft. BRPL organized a one-day Lok Adalat on February 9, 2019 […]
Privatising small airports not the right approach: GMR official
Privatising small airports would not be the right approach for the government as they need to be viable in terms of passenger size and growth projections, a senior official of GMR Airports said. “If the government wants to look at privatising small airports, in my view that is not the right approach. The right approach […]
Beleaguered Jet Airways may get a Rs 600 crore emergency loan
Jet Airways India Ltd., the beleaguered carrier that’s in the midst of bailout talks with its partner and lenders, is set to get an emergency loan of as much as Rs 600 crore ($85 million) to help it tide over a cash crunch, according to people familiar with the matter. Banks, led by State Bank […]
Sterlite Power bids for two battery energy storage projects in US
Sterlite Power Thursday said it has submitted bids for two storage projects in the recently concluded auction of Salt River Project utility in Arizona, USA. Bids have been submitted for a cumulative capacity of 400 mega watt (MW). “This marks the first foray of Sterlite Power into grid connected battery energy storage systems (BESS),” the […]
Airbus to scrap A380 superjumbo production as sales slump
Europe’s Airbus is scrapping production of the A380 superjumbo, with lacklustre sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to […]
IndiGo to start twice daily flights to China this year
NEW DELHI: IndiGo will start twice daily flights to China this year. Willy Boulter, the low cost carrier’s chief commercial officer, said this on Wednesday. The airline has so far not given the names of its destinations in China. Sources say these two might be Guangzhou and Kunming. “We will fly to China this year […]
GoAir: Vrieswijk quits in 9 months, third CEO exit in 4 years
MUMBAI: The Wadia group-promoted no-frills airline Goair has seen exit of its third chief executive in the past four years with the resignation of Cornelis Vrieswijk on Wednesday, within nine months of taking over the job. The Dutch national Vrieswijk was a former executive of the American low-cost airline Easyjet, and boarded Goair only last […]
MoD panel found Dassault was not lowest bidder for MMRCA category: CAG report on Rafale deal
NEW DELHI: A team of Defence Ministry officials had found in 2015 that Rafale-maker Dassault Aviation was not the lowest bidder for the UPA government’s medium multi-role combat aircraft (MMRCA) tender and that its bid should have been rejected at the technical evaluation stage itself, the CAG observed in its audit report on Wednesday. In […]
IndiGo says it will cancel 30 flights per day till March-end
MUMBAI: Faced with acute pilot shortage, low-cost airline IndiGo cancelled nearly 50 flights across the country on Wednesday. The country’s largest airline for domestic operations has now announced a curtailed schedule for February and March, with about 30 flights cancellations planned per day. The cancellations, which will hit over 2.3 lakh, began last week and […]
R-Power drags Edelweiss to HC, but gets no relief
MUMBAI: The Anil Ambani-led Reliance Power (RPower) on Wednesday moved the Bombay high court, seeking to reverse the sale of its pledged shares by the Edelweiss Group. But the court refused to grant any interim relief to the embattled company. A single-judge bench headed by KR Shriram refused to order the reversal of the sale […]
Intel agencies act to pull plug on Kerala State Electricity Board data leak
KOCHI: Intelligence agencies have flagged a major leak of sensitive data from the Kerala State Electricity Board (KSEB) that contained exhaustive details of customers’ profile and their online transactions with the Board. A few private firms associated with the KSEB for implementation of Restructured Accelerated Power Development and Reforms Programme (RAPDRP) are suspected to be […]