The Indian Railways will raise a $750-million loan from the Asian Development Bank (ADB) through Indian Railway Finance Corporation (IRFC) to finance part of its electrification drive. The national transporter has lined up an electrification drive covering 28,000 km in the next three financial years — 7,000 km in 2019-20 and 10,500 km each in […]
Day: April 1, 2019
Considerable amount of cooperation from India on Venezuela, says US
There has been a considerable amount of cooperation from India on the US efforts to restrict export of Venezuelan oil, a top American diplomat said Friday as the Trump administration tightened its noose over the authoritarian regime of the Latin American country. “I would say that we have had contacts with Indian companies and with […]
As Boeing reels from crashes, Airbus stays mum about sales gains
The ceremony at the Elysee palace in Paris exuded the full pomp of the French state. Under gilded ceilings dripping with chandeliers, executives of Airbus SE and the agency that buys planes for China’s airlines signed an order worth $35 billion as French President Emmanuel Macron and his Chinese counterpart, Xi Jinping, looked on. Normally, […]
Have enough pilots, operations won’t be impacted: Jet Airways
Even as it tries to stave-off a proposed mass leave by a section of pilots, Jet AirwaysNSE -0.15 % on Saturday said it has the requisite number of aviators to man its fleet currently under operation. “Operations on Monday are unlikely to be impacted,” an official said. “We have taken a note of the advisory […]
Pilots cancel strike plan as Jet clears salaries till December
Jet Airways’ pilots on Sunday have called off a decision to go on strike over unpaid salaries after the airline paid their December salaries. They have given the airline time till April 15 to clear the remaining three months’ salary arrears. The decision was taken at a meeting called by the National Aviators’ Guild (NAG), […]
IndiGo’s chief planning officer Micheal Swiatek quits
Mumbai: In an apparent setback to budget carrier IndiGoNSE -0.72 %’s international operations, it chief planning officer Micheal Swiatek has left the airline, a source said. He is the second senior executive to part ways with the airline since December 2018. Swiatek joined IndiGo early last year and was working on strengthening its overseas routes, […]
Jet Airways pilots defer to April 15 its decision not to fly
Mumbai: A major crisis at the struggling carrier Jet AirwaysNSE -0.15 % was averted Sunday after its pilots body National Aviator’s Guild (NAG) deferred to April 15 its call of halting operations. The decision was taken at an open house meeting of NAG members that took place both in Mumbai and Delhi Sunday afternoon, a […]
SpiceJet launches 28 new flights
SpiceJet Sunday announced that it has launched 14 new flights under the government’s UDAN scheme, connecting the “un-served” market of Jharsuguda and the “underserved” markets of Kishangarh and Lakhimpur to key metros and cities across the country. In addition, the airline stated that it has launched 14 other direct flights connecting metros and non-metros on […]
DGH seeks data on ONGC’s top 47 fields after rejection of bid to privatise fields
After a plan to privatise ONGC’s biggest oil and gas fields was nipped in the bud, upstream regulator DGH has asked the state-owned firm to submit detailed data on its top 47 fields to monitor production and projects to raise output, an official order said. A high-level committee headed by NITI Aayog Vice Chairman Rajiv […]
Diesel prices down 8-9 paise, petrol unchanged
Diesel prices across the four metro cities declined for the fourth straight day, with prices falling by 8 to 9 paise on Sunday, data on the Indian Oil CorpNSE 0.96 %’s website showed. Petrol prices, however were unchanged during the day, according to the data. In the national capital, diesel was priced at Rs 66.14, […]
Shapoorji Pallonji Infra completes sale of solar power assets to Actis
Shapoorji Pallonji Infrastructure Capital Sunday said it has completed sale of 194 MW of operating solar portfolio to Sprng Energy, renewable energy arm of investment firm Actis. The transaction closed last week with all customary approvals in place, the company said in a statement. “A year ago, we decided to divest a part of our […]
75 power companies have debt of Rs 2.24 lakh crore
As many as 34 power companies have accumulated Rs 1.4 lakh crore of NPA for Indian banks while 41 corporates across sectors, including those from infrastructure, textile, telecom, sugar, steel, energy, power and fertilisers have Rs 84,000 crore piled up NPAs which have taken the bad loan total to astronomical Rs 2.24 lakh crore, petitioners […]