A Rs 10,000 crore scheme to subsidise sale of electric and hybrid vehicles as part of efforts to curb pollution is welcome, but the government is missing out on low-hanging fruits like Auto LPG, that can have an immediate impact on urban air quality, Indian Auto LPG Coalition (IAC) said. The association urged that the […]
Day: March 22, 2019
Indonesia’s Garuda first airline to cancel $6 bn 737 MAX order post crash
National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX 8 narrowbody jets, Garuda Chief Financial Officer Fuad Rizal said on Friday. The airline could switch the order, valued at $6 billion at list prices, to other Boeing models, Rizal told Reuters. He said negotiations […]
Fitch assigns investment grade rating to NTPC’s proposed notes
Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes. The proposed notes are to be issued out of the company’s USD 6 billion medium-term note programme and are rated at the same level as the NTPC’s senior unsecured rating, as they will constitute its direct, […]
Panasonic installs electric vehicle charging station at BSES Head Office in Delhi
Panasonic, a global technology company has collaborated with BSES Yamuna Power Limited to set up an electric vehicle charging station at their New Delhi head office. This pilot facility will study the charging behavior and pattern, real-time charging data, app-based control, and automated payment mechanism. The charging station is built in compliance with Bharat EV […]
GVK to buy ACSA’s stake in Mumbai airport company raise stake to 74%
GVK Power and Infrastructure Limited (GVK PIL) on Friday informed the stock exchanges that its step-down subsidiary GVK Airport Holdings Limited has initiated the process to acquire 120 million shares of Mumbai International Airport Limited (MIAL) constituting 10 percent of the paid up share capital of MIAL from ACSA Global Limited by exercising its right […]
PFC acquires govt stake in REC for Rs 14,500 crore
State-owned Power Finance Corporation Limited (PFC) has acquired the Centre’s 52.63% paid-up share capital in Rural Electrification Corporation (REC) Limited for Rs 14,500 crore. “PFC has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of Rs 10/- each, of REC Limited from the President of India constituting 52.63% of the paid-up […]
SpiceJet in talks with lessors to induct aircraft
India’s SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet. The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog due to safety concerns after an Ethiopian […]
Tata Power SED bags Rs 1,200 cr contract from defence ministry
Tata Power Strategic Engineering Division (SED) has bagged a Rs 1,200 crore contract from the defence ministry for supply of ship-borne 3D Air Surveillance Radars. Tata Power SED has signed a deal with the Ministry of Defence to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years, a […]