Bengaluru: Singapore Airlines is planning to significantly increase its capacity for India. The airlines is hopeful of doubling its flight services from Bangalore soon by introducing 10 weekly flights. The airline has already increased the capacity from Delhi by 10 per cent while Mumbai, which has been the top 20 route for the airline, will […]
Day: February 25, 2019
Saudi Arabia to make India regional hub for oil supply: Saudi foreign minister
NEW DELHI: Saudi Arabia is looking at making India a regional hub for supply of crude oil and will invest billions of dollars in the country to build storage facilities and strengthen refineries, Saudi foreign minister Adel bin Ahmed Al-Jubeir has said. Saudi Arabia, the world’s biggest oil exporter, will also invest in downstream assets […]
PNGRB rejects HPCL review petition on ATF pipeline
New Delhi: Oil regulator PNGRB has rejected HPCL’s objections to consultations it had initiated to break stranglehold of PSUs on lucrative pipeline supplying jet fuel to Mumbai airport, saying the refiner will get a formal opportunity to make its case against the move. In a February 21 order, the Petroleum and Natural Gas Regulatory Board […]
Logistics startup Dot eyes Rs 365 crore revenue in FY20
Mumbai: Gurgaon-based startup Dot, which provides green logistics services for the first and last mile connectivity, is eyeing over Rs 360 crore revenue by 2020 as it plans to expand its operations to 30 cities. The company, which began in 2015, is an arm of Green Valley Energy Ventures, which is largely into energy advisory, […]
De-stress India’s thermal projects would need supply of 125 million tonne of coal, a challenge in today’s scenario
Amidst moves to revive stressed thermal assets of 45,000-MW capacity, what has slipped under the radar is the need for coal linkages if the projects are to be made viable. For, it is estimated that, operating at 70% PLF, these plants would annually require in excess of 125 million tonne of coal, with a possible […]
Jet Airways crisis: Pilots threaten to ground beleaguered airline
In a move that might ground a large number of flights of financially struggling carrier Jet Airways, a section of its pilots has decided that if the unpaid dues of the pilots are not cleared by February 28, the pilots operating out of Delhi base will stop flying. This includes pilots across Jet’s fleet, including […]
Oil prices firm on hopes for US, China trade deal
Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. International Brent crude oil futures were at $67.26 a barrel at 0005 GMT, up 14 cents, or 0.2 per cent, from their last close. They ended Friday little changed […]
Saudi Arabia to make India regional hub for oil supply: Saudi FM
Saudi Arabia is looking at making India a regional hub for supply of crude oil and will invest billions of dollars in the country to build storage facilities and strengthen refineries, Saudi Foreign Minister Adel bin Ahmed Al-Jubeir has said. Saudi Arabia will also invest in downstream assets in India besides helping the country boost […]
KCR defends his Govt raising loans for projects
Telangana Chief Minister K Chandrashekar Rao has defended his government taking loans for developmental projects. Dismissing the opposition’s criticism on loans, he said there is a lot of difference between “a government taking a loan and a private entity taking a loan”. “Where and how you are using the loans you raised holds the key. […]
Waaree Energies projects boost in revenue from solar rooftop in FY20
Has high hopes from commercial, industrial segments Waaree Energies Ltd, one of India’s largest manufacturers of Solar PV Modules with a capacity of 1.5 GW, sees revenue from solar rooftop segment growing to ₹400 crore in the next fiscal. “We have been doing rooftop installations since 2010 and this year we are likely to cross […]
REC must get consent from at least 50 pc of lenders for PFC deal to go through
State-owned REC will have to obtain consent of at least 50 per cent of the foreign lenders before the company could be acquired by PFC as part of the disinvestment plans approved by the Cabinet. REC’s cumulative foreign debt stands at around USD 1.85 billion which will mature in phases till 2028 and the state-owned […]
GVK to hike stake in Mumbai Airport to 64 per cent, to acquire Bidvest stake
GVK Airport Holdings Limited, a step down subsidiary of GVK Power & Infrastructure Limited, has decided to acquire 13.5 per cent stake of Bidvest in Mumbai International Airport Limited, thereby hiking it’s stake to 64 per cent from 50.5 per cent. The Hyderabad based diversified infrastructure company has exercised its right, under “Right of First […]