Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 39 cents, or 0.9 per cent, to $43.93 a barrel by 0837 GMT. US West Texas […]
Day: July 22, 2020
Kakrapar atomic plant achieves criticality, PM calls it trailblazer for future achievements
Prime Minister Narendra Modi on Wednesday congratulated nuclear scientists as the Kakrapar atomic power plant-3 achieved criticality, saying the indigenous reactor is a shining example of the ‘Make in India’ campaign. The 700 MW power plant in Gujarat achieved criticality, meaning it reached the normal operating condition of a reactor. It indicates that the plant […]
IndiGo’s decision to lay off staff is the beginning of a painful process for Indian aviation: CAPA
A day after IndiGo announced it would lay off 10% of its employees, the Centre of Asia Pacific Aviation (CAPA India) – a global aviation consultancy – predicted the failure of one or two Indian airlines would be unavoidable in the near future. CAPA India said IndiGo’s decision to lay off workers due to the […]
Oil prices up at levels last seen in March on Covid-19 vaccine hopes, EU deal
Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up $1.17 cents at $44.45 by 0904 GMT, on track for its biggest daily rise […]
NHAI pulled up for waterlogging near Aggar Nagar on Ferozepur Road
After several complaints of water accumulation near Aggar Nagar area on Ferozepur Road, here councillor Mamta Ashu on Tuesday pulled up the National Highways Authority of India (NHAI) officials for their failure to redress the problem. Waterlogging in the area was not only causing inconvenience to the public but also leading to accidents, besides damaging […]
Tata Power plans infrastructure boost with Rs 344 crore investment
BHUBANESWAR: A month after taking over the management of Central Electricity Supply Utility (CESU), the Tata Power has submitted a capital investment plan of Rs 344.44 crore to the Odisha Electricity Regulatory Commission (OERC) for approval. The Tata Power Central Odisha Distribution Limited (TPCODL) has proposed the capital expenditure (capex) for 2020-21 to carry out […]
Mafia back in business in Ib Valley Coalfields taking pandemic cover
JHARSUGUDA: Amidst the pandemic and lax enforcement by authorities, coal theft from the five open cast mines of Ib Valley Coalfields has resurfaced again. The unholy nexus of politicians, officials, security personnel and police has allowed the coal mafia to operate without fear or restraint. The rise in unemployment caused by the pandemic has also […]
Government set to promote renewable power plants in Rayalaseema
VIJAYAWADA: Under the recently unveiled Andhra Pradesh Renewable Energy Export Policy, 2020, the first proposal is setting up of Ultra Mega Renewable Energy Power Parks (UMREPPs) of three-five gigawatts (GWs) capacity in Rayalaseema districts.
IndiGo’s decision to lay off 10% staff start of a painful process for Indian aviation: CAPA
A day after IndiGo announced that it would lay off 10% of its employees owing to the financial crisis caused by the Covid-19 pandemic, the Centre of Asia Pacific Aviation (CAPA India) – a global aviation consultancy – on Tuesday predicted that the shutting down of one or two Indian airlines would be unavoidable in […]
Oil prices fall on US inventory build, increasing pandemic fears
SINGAPORE: Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer. In his first briefing in months focused on the pandemic, U.S. President Donald Trump said that the outbreak would probably […]
IndiGo lays off over 2300 employees, announces 6E care package for those impacted
NEW DELHI: IndiGo, India’s largest and only cash-rich airline, is reducing its workforce by 10 per cent to offset the impact of COVID-19 on its revenue. With this, IndiGo becomes the first major carrier in the country to formally announce layoffs even as others have been reducing their headcount silently since late March. The fresh […]
IndiGo to cut 10% staff, says CEO Ronojoy Dutta
BENGALURU: IndiGo, India’s biggest airline, said it will cut 10% of its workforce as it grapples with declining revenues due to the fallout from the COVID-19 pandemic. Airlines around the world have been hammered by a slump in travel demand due to restrictions aimed at containing the coronavirus outbreak, and few expect a quick recovery. […]