MALAPPURAM: Nearly six months after the biggest aircraft tragedy in Kerala history happened at the Kozhikode airport, survivors and kin of victims continue to await the final compensation. While the crash took the lives of 19 passengers and two pilots, 165 of the 184 passengers suffered injuries. Most of the survivors are under treatment at […]
Day: February 5, 2021
Plane crash survivors do not have automatic entitlement: Air India Express
MALAPPURAM: The Air India Express authorities said the issue stems from baseless reports circulated in some sections of the media that air crash survivors are eligible for a huge compensation as automatic entitlement. “The compensation is fixed by assessing only the actual damage sustained. Reports that air crash survivors will get a huge compensation with […]
Karnataka may tweak aerospace policy to beat competition
BENGALURU: To maintain its leadership position in defence and aerospace sectors in the country, the Karnataka Government is said to be thinking of tweaking its aerospace policy that was announced nearly a decade ago.With Karnataka contributing to over 65 per cent of defence and aerospace exports from the country, the state is aiming to sharpen […]
Solar power to cost Rs 2.49 per unit, state to save Rs 3,800 crore in first year
VIJAYAWADA: The state government, which has invited tenders for 6,400 mega watts (MWs) of solar parks as a part of the 10,000 MW solar plants, has identified power at an average of Rs 2.49 per unit through reverse tendering. While the lowest bid is Rs 2.47 per unit for a 300 MW plant in Kambadur […]
Thrilled to fly homegrown fighter jet Tejas, the pride of Bengaluru: MP Tejasvi Surya
BENGALURU: “I was thrilled to fly Tejas, the indigenous fighter jet and pride of Bengaluru,” Bengaluru South MP and BJP leader Tejasvi Surya said on Thursday after flying the Light Combat Aircraft (LCA) on the second day of the three-day Aero India 2021. With Surya on board as a co-pilot, the LCA took off from […]
President Kovind to attend Aero India finale on Friday
BENGALURU: President Ram Nath Kovind arrived at HAL Airport on Thursday evening and was received by CM B S Yediyurappa and Governor Vajubhai Vala, and was driven to the Raj Bhavan. On Friday, he will participate in the valedictory of Aero India. On Saturday, he will chopper to Madikeri where he will inaugurate Sunny Side, […]
HPCL profit rises 215 per cent to Rs 2,355 crore
State-run Hindustan Petroleum Corporation (HPCL) reported a net profit of Rs 2,354.6 crore on a standalone basis for the three months ended December, recording a 215% rise from the same period a year ago. The company attributed the rise in profit to effective refinery scheduling and inventory management, “duly supported by favorable crude price movements […]
GAIL bifurcation plan put on hold; co to monetise pipelines through InvIT
The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm’s ability to finance the massive infrastructure building plan, a top official said on Thursday. GAIL is India’s biggest natural gas marketing and trading firm and owns 60 per cent of the […]
NTPC net up 16 pc at Rs 3,876 cr in Dec quarter; to pay 30 pc interim dividend
NTPC on Thursday posted a nearly 16 per cent rise in consolidated net profit at Rs 3,876.36 crore for the December quarter, mainly due to higher revenues. Its consolidated net profit was at Rs 3,351.28 crore in the quarter ended on December 31, 2019, according to a BSE filing. Total income rose to Rs 28,387.27 […]
‘Adnoc, Aramco interested in India’s petroleum reserves venture’
UAE’s Abu Dhabi National Oil Company (Adnoc) and Saudi Arabia’s Saudi Aramco have shown interest in participating in the country’s strategic petroleum reserves programme, including in the second phase of the plan which aims to build two additional storage facilities with total capacity of 6.5 million tonne (MT) at Chandikhol in Odisha (4 MT) and […]
NTPC profit jumps 11 per cent to Rs 3,315 crore
State-owned NTPC reported a 10.7% year-on-year (y-o-y) increase in its standalone net profit to Rs 3,315.3 crore in the three months ended December mainly on lower tax expenses. It paid Rs 1,168.6 crore in taxes during the quarter, more than 42% lower than the same period last year. The company’s board has approved an interim […]
Petrol, diesel price at fresh high; oil co says only tax cut by govt can help
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease consumer burden. Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, […]