GENEVA: China and the US may be the largest producers of coal power, but power plants in India take the highest toll in the world when it comes to health, a global study claims. Coal-fired power plants produce more than just carbon dioxide, which contributes to global warming, said researchers from ETH Zurich in Switzerland. […]
Day: February 22, 2019
Alstom bags Rs 580-crore contract by Bangalore Metro Rail Corporation
Alstom has been awarded a Rs 580 crore contract by Bangalore Metro Rail Corporation Limited (BMRCL) to provide power supply and traction electrification for the 33-kilometre extension to Bangalore Metro under Phase II. It is Alstom’s largest third-rail electrification contract in India, the comany said. Phase II encompasses extension of Bangalore Metro’s existing North-South and […]
Government asks ONGC, OIL to sell out 66 fields to private firms
The government has asked state-owned Oil and Natural Gas CorporationNSE 1.57 % (ONGC) and Oil IndiaNSE 1.91 % Ltd (OIL) to sell out 66 of their small oil and gas fields to private firms as it brought in a new policy to boost domestic production and cut imports, Petroleum Minister Dharmendra Pradhan said Thursday. To […]
Opinion | The rescue plan for Jet Airways is touch-and-go
For Jet Airways (India) Ltd, it’s always only about one rupee. As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee per available seat kilometre to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks are picking up a […]
Videocon loan row: CBI lookout circulars against Chanda Kochhar and husband
The Central Bureau of Investigation (CBI) has issued lookout circulars (LOC) against former ICICI Bank chief executive and managing director Chanda Kochhar, her husband Deepak Kochhar, and Videocon Group’s Venugopal Dhoot. The development comes weeks after the Enforcement Directorate (ED) registered a criminal case against them for alleged money laundering . At the behest of […]
Government offers royalty sops to boost oil & gas output
New Delhi: The government has rolled out major incentives in royalty rates to attract investments into the oil and gas exploration and maximise production. The government has given its go ahead to concessional royalty if production commences before four years for onland/shallow water blocks and before five years for deepwater/ultra deepwater blocks from the effective […]
Boeing to begin delivery of Apache helicopters to IAF by July
Bengaluru: Aerospace major Boeing Co will deliver the first of 22 AH-64E Apache twin-turboshaft attack helicopters to the Indian Air Force (IAF), a senior Boeing official said on Thursday. “We are on plan to deliver the first of 22 Apache starting July. This will give significant combat capabilities (to the air force),” said David Koopersmith, […]
ReNew Power raises up to $350 million in debt funding from OPIC
Mumbai: ReNew Power Ltd, one of the largest renewable energy companies in India, has secured fresh debt financing of up to $350 million from existing investor Overseas Private Investment Corp. (OPIC), the US government’s development finance institution, the company said on Thursday. In March 2016, OPIC had granted a loan of $250 million to ReNew […]
Drones steal the show, perform aerobatic maneuvers at Aero India 2019
On a sunny Thursday morning, the display area at the Yelahanka Air Force station in Bengaluru, the venue of the biennial Aero India show saw the usual fighter jets and the aerobics planes taking a break to give way to hundreds of drones. These unmanned aerial vehicles were participating at a unique Drone Olympics competition […]
Tejas Mark 1A to fly by 2022, if defence ministry issues contract this year
An advanced version of the Tejas light fighter could fly by 2022, said Hindustan Aeronautics (HAL) on Thursday, a day when Army chief General Bipin Rawat and principal scientific advisor to the government Vijay Raghavan both took flights in the fighter at the Aero India 2019 show in Bengaluru. However, that depends on a crucial […]
Star Air in talks with Brazil’s Embraer to buy aircraft
BENGALURU: Bengaluru: India’s newest scheduled airline, Star Air, which operates under the government-sponsored regional connectivity scheme (RCS), is likely to announce in a fortnight an aircraft order with Brazil’s Embraer, the airline’s chief executive said. Bengaluru-based Star Air, which has two 50-seater Embraer ERJ 145s, plans to deploy the new planes on 22 routes it […]
SC to consider listing of PILs seeking review of its Rafale case verdict
The Supreme Court on Thursday said that it would consider listing of pleas seeking review of its verdict in the Rafale case. The apex court on December 14 last year dismissed a clutch of PILs, including the one filed by former Union ministers Yashwant Sinha and Arun Shourie and lawyer Prashant Bhushan, saying there was […]