The power scenario is looking up in Kerala. The recent commissioning of a 800-MW power highway connecting Edamon and Kochi would allow the state to import power from any part of the country, reducing transmission losses it has been suffering thus far. As far as generation is concerned, the Kerala State Electricity Board Ltd (KSEBL) […]
Day: December 2, 2019
Govt says no proposal to reduce taxes on petrol, diesel
The government on Monday said there is no proposal to reduce taxes on petrol and diesel. Finance Minister Nirmala Sitharaman told the Lok Sabha that nowhere in the world do the prices of petrol and diesel remain steady for a particular period of time. To a query on whether petrol and diesel would be brought […]
Projects worth Rs 50,000 cr underway to decongest Delhi roads: Gadkari
The Centre is working on road projects worth Rs 50,000 crore to decongest the national capital and this will help reduce pollution in the city, Union minister Nitin Gadkari said in the Rajya Sabha on Monday. “We are working on road projects worth Rs 50,000 crore for Delhi,” he said. The Centre is developing Dwarka […]
China plans new coal plants, trims support for clean energy
As world leaders gather in Spain to discuss how to slow the warming of the planet, a spotlight falls on China the top emitter of greenhouse gases. China burns about half the coal used globally each year. Between 2000 and 2018, its annual carbon emissions nearly tripled, and it now accounts for about 30% of […]
LPG cylinder prices increase for the fourth month. Check latest rates here
NEW DELHI : In the fourth such consecutive hike this month, state-run fuel retailers have increased the price of liquefied petroleum gas (LPG) cylinders by ₹13.50 in Delhi. According to Indian Oil, which supplies 30 lakh Indane cylinders daily all over India, a 14.2 kg non-subsidised LPG cylinder is now priced at ₹695 in New […]
ExxonMobil looks to set up lubes blending plant in India
Texas-based Exxon Mobil Corporation, one of the world’s largest oil and gas company, plans to set up a lubes blending plant in India, according to two executives aware of the development. ExxonMobil sells its lubricants under the brand name Mobil and has been present in the Indian market for a few years now. “ExxonMobil is […]
OPEC and allies may deepen oil cut deal to 1.6 million bpd: Iraq
BAGHDAD : OPEC and allied oil producers will consider deepening their existing oil supply reduction deal by about 400,000 barrels per day to 1.6 million bpd, Iraq’s oil minister said on Sunday. The minister, Thamer Ghadhban, told reporters in Baghdad that the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, […]
Falling electricity generation dims GDP growth outlook
Mumbai: Is the pace of 4.5%, the slowest in six years, the lowest point of India’s gross domestic product growth? While there is no easy answer to that question, the dimming lights in the power generation space portend a worsening economic outlook. After all, part of the economy is powered by how much electricity its […]
Govt treads cautiously as it prepares blueprint for Air India divestment
The government is proceeding with utmost caution before putting Air India on the block, after potential buyers baulked at its first attempt to divest a majority stake in the national carrier last year. “We will release the draft share purchase agreement (SPA) along with Expression of Interest (EoI). Last time, it was released after the […]
IndiGo’s A320neo engine issue linked to how airline flies planes, believes DGCA
IndiGo and Go Airlines India Ltd. use the same type of engine made by Pratt & Whitney that’s susceptible to mid-flight shutdowns. Yet IndiGo, one of Airbus SE’s biggest customers, is the only one to encounter turbine failures this year, drawing heavy scrutiny from the aviation regulator. The reason could be linked to how the […]
Experienced pilot flying as passenger operates Delhi-bound IndiGo flight
A pilot travelling on a Pune-Delhi flIght as a passenger had to step in and operate an IndiGo flight after the airline received a message that only CAT IIIB-qualified pilots would be allowed to land the aircraft at Delhi due to dense fog. Advertising The flight departed for Delhi with the replaced pilot at 9.10 […]
Petrol prices rise for 2nd straight day, diesel stable
Petrol prices in the country increased for the second consecutive day on Saturday whereas diesel prices remained unchanged. The crude oil prices in the international market edged lower by $3 a barrel in the last week. Petrol has become costlier by five paise per litre in Delhi, Kolkata and Mumbai and by six paise in […]