Canadian investors want the National Highways Authority of India (NHAI) to do away with the current practice of setting the base price for highway bundles offered under the toll-operate-transfer (TOT) model and leave it on the investors to bid on the basis of their assessment of the worth of the long-term lease. Calling the current […]
Day: July 24, 2020
NTPC floats tender to acquire 1 GW solar projects, to invest around Rs 5,000 crore
State-run power giant NTPC has floated a tender to acquire 1 GW operational solar projects, which entails an investment of around Rs 5,000 crore. In a tender or request for proposal (RFP) issued on Friday, NTPC has invited bids from the promoters or lenders, authorised financial intermediaries of power generation companies, independent power producers or […]
Oil edges higher on weaker dollar, but demand threats from US China tension
Oil prices edged higher on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices. The dollar slid to 22-month lows against a basket of currencies. A weaker dollar usually ups buying of commodities priced in the greenback, like […]
SpiceJet designated as “Indian scheduled carrier” to operate flights on India-UK routes
SpiceJet has been designated as “Indian scheduled carrier” to operate flight services to the UK from India, the Gurugram-based no-frills airline said in a regulatory filing on Friday. On Thursday, the airline was allowed to fly on India-US routes by the governments of the two countries under the bilateral air services pact. “We would like […]
Vistara receives A321, 1st in South Asia to provide flat beds on a narrow bodied plane
Vistara Friday announced it has received its first Airbus A321, the stretched, longer ranged version of the A320, the most popular passenger aircraft in the world. The airline said it has become the first in south Asia to provide flat beds on a narrow bodied plane. The aircraft is part of the order of 50 […]
Air India slashes employee monthly allowances up to 50%
New Delhi: Air India has reduced monthly allowances of its employees who have a monthly gross salary of more than Rs 25,000 by up to 50 per cent, according to an internal order of the company. The order, dated July 22, said basic salary and allowances linked to it like industrial dearness allowance (IDA) and […]
Oil ticks up, but gains capped by demand destruction
SINGAPORE: Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves as the coronavirus pandemic hit fuel consumption. U.S. crude and distillate inventories rose unexpectedly and fuel demand slipped in the most recent week, the Energy Information Administration said on Wednesday, as a sharp rise in […]
60 AI pilots involved in Vande Bharat mission test positive for Covid-19
At least 60 pilots involved in the Vande Bharat Mission to fly back Indians stranded abroad because of the Covid-19 pandemic have tested positive for the disease, Air India’s Executive Pilots Committee said in a letter on Thursday to civil aviation minister Hardeep Singh Puri. The letter, which requested Puri to rescind the national carrier’s […]
Air India defends differential pay cut for senior pilots and management
A day after Air India’s (AI) senior pilots expressed discontent over the differences in pay cuts for pilots and senior management, the national carrier on Thursday defended its decision saying wages would later be reviewed in accordance with the airline’s improved financial condition. In a tweet, after a review meeting with the ministry of civil […]
Oil rises on weaker dollar, but Covid-19 woes and U.S.-China tensions weigh
Oil edged up on Friday as the dollar fell to an almost two-year low, although demand concerns stemming from rising coronavirus cases and U.S.-China tensions kept a lid on prices. The dollar slid to 22-month lows against a basket of currencies. A weaker dollar usually spurs buying of commodities priced in the greenback, like oil, […]
KIA warmed to 25°C to keep air safe for flyers
BENGALURU: Keeping in mind the safety of flyers during the pandemic, fresh air intake inside KIA has been enhanced. All air-conditioned premises are maintained at a temperature of 25°C.
IOCL rejects shifting the gas pipeline project from Pottalkadu?
THOOTHUKUDI : The technical team of the Indian Oil Corporation (IOCL) refused to shift the underground natural gas pipeline project to 500-metre away from the proposed site in Pottalkadu village. The villagers had been protesting against the project for the past few months. Pottalkadu comes under the Mullakadu panchayat on Thoothuthukudi-Tiruchendur road. The villagers claimed […]