A pilot was killed and two others ejected to safety when two aircraft of IAF’s aerobatic team Surya Kiran crashed near the Yelahanka airbase here Tuesday, a day before the opening of the Aero India show, a top police official said. The mishap occurred during a sortie as part of the rehersal for the five-day […]
Day: February 19, 2019
RPower promoters aim Rs 2,500 cr from stake sale
Sovereign wealth funds of Qatar and Abu Dhabi as well as private equity major KKR have evinced interest in investing in Reliance Power, where promoters plan to sell part of their direct holdings to raise Rs 2,500 crore, investment banking sources said Tuesday. Part of the diversified Anil Ambani group, Reliance Power has appointed J […]
Chinese traders freeze Australian coal orders amid 40-day customs delays – sources
Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The traders and a broker said only cargoes from Australia, the biggest supplier of the fuel […]
Oil hovers just below 2019 highs as markets look to trade talks
Oil prices hovered just below 2019 highs on Tuesday as traders waited for the outcome of U.S.-China trade talks this week, while supply cuts led by producer group OPEC meant markets were relatively tight. International Brent crude oil futures were at $66.52 per barrel at 0755 GMT, 5 cents above their last close and not […]
CM for early completion of Polavaram hydel power plant
Chief Minister N. Chandrababu Naidu has directed the AP-Genco to complete the 960 MW (12 X 80 MW) Polavaram hydel project at least six months ahead of the schedule. He has also directed the officials of the Energy Department to increase the renewable energy capacities. In a teleconference with the officials on Sunday, Mr. Naidu […]
SC refuses plea for probe into IAF aircraft accidents
Chief Justice of India Ranjan Gogoi on Monday highlighted the need to enhance the might of the Indian Air Force (IAF) to match that of other countries in the backdrop of the recent crash of a Mirage trainer aircraft and the death of two pilots in Bengaluru. The Chief Justice was heading a Bench hearing […]
IOCL’s Ennore LNG terminal ready, expects first consignment this month
Work on Indian Oil Corporation Ltd’s (IOCL) ₹5,151 crore liquid natural gas (LNG) import terminal at Ennore has been completed and the facility is likely to receive its first consignment by this month end. The terminal also has regasification and storage capabilities and LNG road tankers loading facility. Sources in IOCL said that construction of […]
L&T denies graft allegations
Indian multinational major Larsen and Tourbo has denied any kind of involvement in the graft scandal that has hit technology major Cognizant. Cognizant, a longtime customer of L&T, had reached a settlement with the US Department of Justice and the US Securities and Exchange Commission (SEC) in which it has acknowledged violations of the US […]
Two aircraft crash after mid-air collision in Bengaluru
Ahead of Aero India 2019 which begins on Wednesday, two aircraft of the Surya Kiran Aerobatics Team crashed at Yelahanka Air Force Base during rehearsals on Tuesday. Both the pilots eject safely. Eyewitnesses say that crash happened around 12 noon. Preliminary details reveal that a collision happened which lead to the crash while rehearsals were […]
Two Surya Kiran aircraft collide in Bengaluru, pilots eject
Two aircraft of Indian Air Force’s Surya Kiran Aerobatics Team collided at the Yelahanka airbase in Bengaluru on Tuesday. The aircraft were rehearsing for the Aero India show in Bengaluru.Both the pilots ejected but one of them was severely injured and has been rushed to a hospital. Visuals showed smoke billowing from the site and […]
Bangaluru airport show to begin on Wednesday, fares from Mumbai soar to ₹27,318
As the Bengaluru airport has shut its runway partially for the air show from February 20 to 24, the ticket fares have gone up by at least three to five times. The average fare for one-way travel from Mumbai to Bengaluru around this time of the year is ₹5,000. On Saturday, a ticket on a […]
Residents protest against blockade on Dwarka expressway
Residents of developing sectors along the Dwarka Expressway on Sunday held a protest against the blockade set up on the Northern Peripheral Road (NPR) and the delay in shifting the Kherki Daula toll plaza. The protesters also paid tribute to the CRPF personnel who were killed in an attack in Pulwama. Over 150 protesters, carrying […]