BENGALURU: Fighter jets, bombers, transport and reconnaissance aircraft from the US are set to dominate Bengaluru skies during the biennial five-day military and civil aerospace exposition Aero India 2019 starting in Bengaluru from February 20. Nearly 60 aircraft, including the much-talked-about French Rafale fighter jets, IAF’s Tejas Light Combat Aircraft, Su-30 MKI, Jaguar, Mirage-2000 I/TI, […]
Day: February 14, 2019
PFC, REC put the brakes on loan disbursals
With credit rating firms assessing the impact of the mega PFC-REC merger on the companies’ credit profile, plans laid out by state-run power distributing companies’ (discoms) may come unstuck in the absence of adequate funding. Having been saddled with a ‘credit watch’ put on them by several ratings firms, both Power Finance Corporation (PFC) and […]
GAIL India given operational creditor status in Alok Industries
Gas-sector giant state-run GAIL India has been given operational creditor status by the Ahmedabad Bench of the National Company Law Tribunal (NCLT) on Wednesday with regards to the resolution process of textiles player Alok Industries. However, the adjudicating authority Justice Harihar Prakash Chaturvedi noted that while GAIL India will be treated as an OC on […]
Former NHAI officer gets three-year imprisonment
KOCHI: A former NHAI(National Highways Authority of India) project director was sentenced to three years’ simple imprisonment by the CBI Court for demanding and accepting a bribe for issuing a NOC to construct a hotel beside the NH in 2007. Bitla Venugopal, 52, of Chempukkavu, Thrissur was also slapped with a fine of Rs 2.5 […]
Cochin International Airport cautions public against fake jobs
KOCHI: Authorities of the Cochin International Airport Ltd (CIAL) on Wednesday issued a notice cautioning the public against fraudsters scamming job-seekers by promising employment opportunities in CIAL and taking money in return. CIAL officers said the notice was issued after it was found some websites were spreading fake information regarding the recruitment drive and vacancies […]
Wider roads not such a good idea, says BBMP official
BENGALURU: After several years of pushing for road widening projects to lighten the burden on city roads, the Bruhat Bengaluru Mahanagara Palike (BBMP), pushed by Chief Minister HD Kumaraswamy’s vision for a mobility plan, could change its stance in the future. Speaking to City Express, Manoj Kumar Meena, Special Commissioner (Projects), said that he personally […]
Government likely to raise natural gas price by 10 percent
NEW DELHI: 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 percent 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 […]
Former Railway Board chairman Ashwani Lohani appointed Air India CMD for second time
NEW DELHI: Ashwani Lohani has been appointed chairman and managing director (CMD) of Air India, according to an order issued by the government on Wednesday. This will be Lohani’s second tenure as Air India chief. His appointment was approved by the Appointments Committee of the Cabinet on Wednesday, sources said. Lohani was appointed Railway Board […]
189 hoarded LPG cylinders seized at Hawal
Police today said it seized 189 hoarded LPG cylinders from Hawal area here in Downtown. “On a credible input regarding illegal dumping of cooking gas cylinders inside residential premises of Gowhar Ali Sheikh resident of Hawal raided the spot. Officers from the local police unit under the supervision of SDPO Hazratbal seized 189 cooking gas […]
DGCA reviewing Jet Airways flights’ schedule every 15 days
NEW DELHI: Aviation regulator DGCA is reviewing every 15 days the schedule of flights to be operated by crisis-hit Jet Airways, according to a senior official. The full service airline is grappling with acute financial problems and had to ground some of its aircraft due to non-payment of lease rentals as well as other operational […]
Why ‘eloquent’ PM Modi not instructing banks to accept money I am offering, asks Vijay Mallya
LONDON: Calling Prime Minister Narendra Modi an “eloquent speaker”, absconding liquor baron Vijay Mallya on Thursday asked as to why the Prime Minister was not instructing the banks to take the money he had made available to pay off the public funds lent to Kingfisher. On February 4, the UK Home Office has signed an […]
CHENAB VALLEY POWER CRISIS: SE PDD refutes Div Com’s claims
Terming the statement of divisional commissioner Jammu regarding restoration of power supply in Chenab Valley as “irresponsible and aimed to make a mockery of the sufferings of the people”, the residents of Bhaderwah staged a strong demonstration here on Wednesday, demanding the stern action against the officer. On Tuesday, the divisional commissioner, Jammu, Sanjeev Kumar, […]