Union Minister Prakash Javadekar on Wednesday said the government’s emphasis is on increasing turnover, efficiency and profitability of public sector undertakings (PSUs). Applauding the critical role played by central public sector enterprises (CPSEs) during the ongoing pandemic, the Minister for Heavy industries and Public Enterprises said, “PSUs are pride of the nation and Modi government […]
Month: October 2020
PSEs back to 90% of their production capacity: Prakash Javadekar
The central public sector enterprises (PSEs) have got back to 90 per cent of their production capacity, Union Minister Prakash Javadekar said on Wednesday, while releasing a compendium on the contribution of the PSEs amidst COVID-19. “The central public sector enterprises are the pride of India as they have done a laudable job even during […]
Nikola CEO confident of deal with energy partner, talks with GM continue
Nikola Corp Chief Executive Mark Russell said on Wednesday he remains confident the electric and hydrogen fuel cell vehicle startup will close a deal with an energy partner and talks to finalize an alliance with General Motors Co continue. There had been reports Nikola’s talks with energy firms including BP Plc had stalled, but Russell […]
Winds rake Northeastern parts of US, leaving thousands without power
Winds close to hurricane strength swept across parts of the northeastern U.S. on Wednesday morning, toppling trees, taking down power lines and leaving tens of thousands of residents without power. The National Weather Service reported that winds gusted as high as 72 mph (155 kph) near Boston at around 7 a.m. before leveling off through […]
To shift to low-carbon energy Shell to cut up to 9,000 jobs in new plan
LONDON (Reuters) – Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to […]
NTPC eyes 340 bu electricity generation, Rs 21,000 cr capex in FY21
State-owned power producer NTPC on Wednesday announced that it had signed a memorandum of understanding (MoU) with the Union Ministry of Power, setting key targets for the year 2020-21. These include the target of generating 340 billion units of electricity and capital expenditure of Rs 21,000 crore. Among other important targets detailed in the MoU […]
Six missiles intercepted targeting Irbil Airport in northern Iraq
At least six missiles targeting Irbil international airport in northern Iraq were intercepted Wednesday evening, a statement from the Kurdish Interior Ministry said, as diplomatic tensions between Washington and Baghdad mounted over a spate of rocket attacks targeting the US presence. The US-led coalition maintains a troop presence on a base inside the airport. The […]
American Airlines starting 19,000 furloughs as bailout hopes fade
CHICAGO/WASHINGTON (Reuters) – American Airlines said it would begin furloughs of 19,000 workers on Thursday, and a large union said other carriers would follow, as hopes faded for a last-minute bailout from Washington. American Airlines Chief Executive Doug Parker told employees in a letter seen by Reuters that he stood ready to reverse the furloughs […]
Uttar Pradesh extends deadline for Noida airport pact with Swiss major
The Uttar Pradesh government has extended the deadline for signing the concession pact with Swiss major Zurich Airport International (ZAI) to develop the greenfield Jewar international airport in Greater Noida due to the Covid-19 lockdown restrictions on transnational air travel. The state cabinet meeting, held virtually last evening, presided over by Chief Minister Yogi Adityanath, […]