Ukrainian officials said Tuesday that radiation levels remained safe after a fire broke out at a nuclear power plant, leading to the shutdown of one of the reactors. The fire, which was extinguished within an hour, began late Monday at the Rivne nuclear power station in western Ukraine, around 300 kilometres (190 miles) from Kiev. […]
Month: April 2019
India’s power goals further out of reach as discom losses rise
Losses by India’s power retailers are set to rise, reversing two years of declines they enjoyed since Prime Minister Narendra Modi’s government unveiled a plan to make the ailing utilities profitable. Combined losses by state distributors that signed up for the federal government’s reform plan in the first nine months of the fiscal year rose […]
Rajasthan’s Bhadla solar park sees commissioning of 200 MW by Azure and ReNew
200 MW of grid-connected solar photovoltaic (PV) projects have been commissioned at Rajasthan’s Bhadla Phase-III Solar Park. The Solar Energy Corporation of India (SECI) had tendered 250 MW of grid-connected solar PV projects to be developed at the Bhadla Phase-III Solar Park. Now, only 50 MW capacity remains to be commissioned. The latest commissioning in […]
No funds to pay premium for group mediclaim policy: Jet Airways to staff
In continuing woes for staff, Jet Airways has said there are no funds to pay premium for the group mediclaim policy that expires on Tuesday. The more than 25-year-old airline temporarily suspended operations on April 17 as it ran out of cash after lenders declined to extend emergency funds. Jet Airways Chief People Officer Rahul […]
Airbus profits plunge on A380 scrapping and German arms freeze to Saudi
European aerospace giant Airbus on Tuesday reported a slump in first-quarter net profit, hit by Germany’s freeze on weapons exports to Saudi Arabia and its own decision to stop building the loss-making A380 super-jumbo. It said profits were down 86 per cent from the same period in 2018 at 40 million euros (USD 45 million). […]
Coal-laden truck seized in Jarandih, one held
Tightening the noose around illegal coal transporters in the district, police seized one coal-laden truck on Kathara-Phusro near GM ground checkpost under Bokaro thermal police limits last night and arrested one person,said Inspector cum Officer-in Charge Umesh Kumar Thakur. The identity of the arrested driver duo could have been Robin Paswan son of Manoj Ram, […]
Power scenario in state bleak, says BJP
The Bharatiya Janata Party (BJP) on Monday alleged that the state is reeling under frequent power cut and that they people are taken for ride by the Congress government in the name of slashing the power tariff. The party’s state Spokesperson and former MLA Shrichand Sundarani in statement accused the ruling Congress of cheating the […]
AUSC consortium visits NTPC’s Sipat station
A delegation of Advanced Ultra Super Critical (AUSC) consortium visited the National Thermal Power Corporation (NTPC)’s Sipat station. The delegation reviewed the proposed advanced Ultra site technology demonstration plant, an NTPC press communiqué said. The delegation was consist of Dr. S C Chetal, Mission Director (AUSC), Neeraj Sinha, Advisor NITI Aayog and members from IGCAR, […]
SpiceJet plane overshoots Shirdi runway on landing
A Boeing 737 aircraft operated by SpiceJet on Monday overshot the touched-down point while landing at the Shirdi airport and veered off the runway, bringing all operations to a halt, airport director Dhiren Bhosale said. All the passengers and the crew, however, are safe, and efforts are on to tow away the aircraft from the […]
Airlines likely to see ‘volatility’ in profit & loss accounts on new accounting standard
Financial costs are likely to climb further for airlines in the near term, with new accounting standards on leases set to create “significant volatility” in their profit and loss accounts. Indian Accounting Standard 116 or Ind AS-116 has come into effect from April 1 and pertains to principles for recognition, presentation and disclosure of leases. […]
AI continues to face software shutdown impact; 29 flights delayed on Monday
As many as 29 Air India flights were delayed by over an hour on Monday as the airline’s operations continued to be impacted by the software shutdown that happened on Saturday. While the glitch experienced by the check-in software system was fixed on Saturday itself, the airline grappled with the fallout for the third day […]
Employees’ consortium to bid for Jet Airways
As uncertainty continues over the fate of the shuttered Jet Airways, an employees’ consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside investors for the bid, according to two staff unions. This is the first time that employees have come together with a proposal to run the […]