France’s Dassault Aviation forecast higher net sales for 2019 and more orders of planes as it posted a rise in annual sales and profits. The maker of Rafale warplanes and Falcon business jets said its 2018 operating profits had surged 87% from the previous year to 669 million euros ($761 million), while net sales rose […]
Day: March 1, 2019
Jet may have to scale down flights
Leasors on Thursday grounded six more aircraft leased to Jet Airways on account of non-payment of lease rentals. Seven aircraft were grounded on Wednesday for the same reason. This may result in the cancellation of a large number of flights in the domestic and some international sectors. The grounding of six aircraft comes even as […]
ICICI-Videocon case: ED searches office, home of Chanda Kochhar, Dhoot
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches against former ICICI bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said. They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other […]
ICICI bank-Videocon case: ED searches office, residential premises of Chanda Kochhar, Dhoot
The Enforcement Directorate (ED) on Friday carried out searches against former ICICI bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said. They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations. The […]
BHEL to upkeep Raipur’s Vivekanand Sarovar
The Bharat Heavy Electricals Limited (BHEL) has entered into an agreement with the Raipur Smart City Limited (RSCL) for the upkeep of Budha Talab, the Vivekanand Sarovar in the capital city. The deal was struck in a meeting between the two organisations on Thursday. As per the deal, a sewage treatment plant with a capacity […]
BHEL to complete 12 no. transformers soon
BHEL Bhopal received order for manufacturing and supply of 12 numbers 200 mva, 220 kv, 3 Phase Auto Transformers from UPPTCL, Lucknow, UP in August 2018. These 12 number Transformers were to be manufactured in a very short time of 8 Months. BHEL accepted this challenge and are manufacturing all the 12 number Transformers in […]
Electricity bills worth Rs 7,975.81 crore pending in Haryana
Electricity bills amounting to a whopping Rs 7,975.81 crore have not been paid to the Haryana Power Discoms by the consumers including farmers, residential and domestic consumers and even government-owned bodies. The electricity bills pending in the state have increased from Rs 7506.59 crore in 2017-18 to 7975.81 crore as on November 2018, as per […]
J’khand Govt hikes power tariff
Power consumers of almost all categories will now have to pay more for every unit of electricity they consume. The Jharkhand State Electricity Regulatory Authority (JSERC) has approved new rates, which would come into force from April 1. As per the approved tariff, domestic consumers in rural areas would be charged Rs 5.75 per unit, […]
Anti-dumping duty likely on sheets for solar cells
India may impose anti-dumping duty on a certain type of sheet used in making solar cell imported from China, Malaysia, Saudi Arabia and Thailand for five years in order to safeguard domestic players from cheap imports from these countries. The Commerce Ministry’s dumping investigation arm Directorate General of Trade Remedies (DGTR) has recommended the duty […]
India-Pakistan tensions ground thousands of air travellers
Thousands of air travellers worldwide were left stranded on Thursday after Pakistan closed its airspace in response to escalating tensions with India. Pakistan’s Civil Aviation Authority (CAA) said it would keep airspace shut until 11.59 pm local time, disrupting major routes between Europe and South East Asia. Thai Airways has cancelled nearly 30 flights, affecting […]
Jet Airways founder Naresh Goyal agrees to step down as chairman: Source
Beleaguered Jet AirwaysNSE 4.83 %’ Chairman Naresh Goyal has agreed to step down as the lenders gear up to acquire majority stake in the airline under a bailout plan, a source said Thursday. When contacted, Jet Airways Vice-President for Corporate Affairs and Public Relations Ragini Chopra said she is “not aware” of the developments. The […]
Vasant Kunj to IGIA to be signal-free soon
Commuters going from Vasant Kunj to Indira Gandhi International (IGI) Airport will soon get to travel signal-free. Union Minister of Housing and Urban Affairs Hardeep Singh Puri will inaugurate an underpass and a flyover at Mahipalpur projects in South Delhi. Commuters coming from Gurgaon to Vasant Kunj will also benefit from this project. According to […]