Tata Power on Thursday reported a 22% rise in its net profit in the quarter ended 31 December, 2020 at ₹318 crore as compared to ₹260 crore reported in the same quarter last year. The electric utility company’s revenue increased 7.5% to ₹7,598 crore and its earnings before interest, tax, depreciation and amortisation (EBITDA) for […]
Day: February 5, 2021
Transport min to spearhead development of ropeways, alternate mobility solutions
New Delhi: Ministry of road transport and highways will spearhead the development of ropeways and alternate mobility solutions across the country. The move will enable setting up of a regulatory regime, facilitating research, while encouraging adoption of new technology into this sector. An amendment to the Government of India (Allocation of Business) Rules, 1961 has […]
GAIL bifurcation plan put on hold, firm to monetise pipelines through InvIT
NEW DELHI : 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% of […]
DGCA to do ‘all sorts of scrutiny’ before clearing Boeing 737 MAX planes: Civil Aviation Secretary
NEW DELHI : The Directorate General of Civil Aviation (DGCA) is examining the issue of giving approval for Boeing Max 737 planes to fly in India and a decision will be taken after running all sorts of scrutiny, a senior official said on Thursday. Aviation regulators of the United States and Europe have already approved […]
HAL, GE Aviation sign over ₹100 crore contract for supply of forgings
Hindustan Aeronautics Ltd on Thursday signed a contract valued over ₹100 crore with GE Aviation for development and supply of ring forgings for its Aviation military and commercial engine programs. The five-year contract involves supplying both steel and nickel alloy forgings for shrouds, cases, rings and seals, HAL said in a release. With this contract […]
EV charging stations will be set up at every 3 km distance in Delhi
Transport Minister Kailash Gahlot on Thursday detailed the electric vehicle (EV) policy at a global summit and said the Delhi government has aimed to set up charging stations within every 3 kms distance in the city. In a virtual address at the global event organised by World Bank and WRI Ross Center, Gahlot said the […]
Hike in VAT on petrol and diesel in Goa
The Goa government on Thursday announced an increase in the VAT on petrol and diesel. It will result in petrol prices going up by ₹1.30 and diesel prices by 60 paisa, officials said. Chief Minister Pramod Sawant told reporters that the VAT on petrol and diesel has been increased.
Oil prices rise to highest in a year on US growth optimism, supply restraint
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains this week, boosted by the continued commitment of producers to hold back crude supply and positive signs of economic growth in the United States. U.S. West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.9%, to […]
Road construction touches record 30 km per day: Nitin Gadkari
Road construction has touched record 30 km per day, Union Minister Nitin Gadkari told the Lok Sabha on Thursday. While responding to queries raised by members during Question Hour, the Road Transport and Highways Minister also said Bharatmala Pariyojana is an important project that will change the face of the country. “Today the information which […]
Fuel prices maintain upward trajectory, petrol at new record on Friday in Delhi
NEW DELHI: Oil marketing companies (OMCs) on Friday again raised petrol and diesel prices by 30 paise a litre each in the National Capital Region (NCR), with pump prices of petrol hitting a new record high of Rs86.95 per litre in Delhi. Diesel prices retailed at ₹77.13 a litre in the national capital. In Mumbai […]
Indian aviation sector is still in the eye of storm: Airbus India prez
The Indian aviation sector is showing positive signs after being completely shut down during the coronavirus-induced lockdown last year but remains in the “eye of the storm”, Rémi Maillard, President and Managing Director, Airbus India and South Asia has said. Indian airlines are currently carrying 60 per cent of the total pre-COVID domestic passengers and […]