Under the regional connectivity UDAN scheme, the Civil Aviation Ministry has set a target of operationalizing as many as 100 unserved and underserved airports and starting at least 1,000 air routes, said Union Civil Aviation Minister Hardeep Singh Puri, on Sunday. The minister also said that in the field of aviation, privatization is required as […]
Day: February 8, 2021
Despite surge, India face no change in crude prices from Saudi Arabia
The oil diplomacy by India has paid dividend with world’s largest oil producer Saudi Arabia deciding against raising crude supplies for March delivery to Asian consumers while raising the prices for other major consumers in the US and Europe. Sources said that Saudis have finally acknowledged the concerns in the Asian market that hosts four […]
Goa carnival: IndiGo to provide special Goan meal on some flights
IndiGo on Monday announced it would be providing special Goan meal Xacuti on pre-booking to those who are travelling on flights connecting the Dabolim airport with four major cities between February 12 and February 17. These four cities would be Delhi, Mumbai, Bengaluru and Hyderabad, it said in a press release. The airline is celebrating […]
India to establish its first geothermal field development project in Leh; free power supply for people
Taking a step further for carbon-neutral Ladakh, the administration of the union territory has signed a tripartite agreement that will help in establishment of the country’s first-ever geothermal field development project. The agreement/ pact was signed between the Oil and Natural Gas Corporation (ONGC) Energy Centre and Union Territory Administration Ladakh, Ladakh Autonomous Hill Development […]
BHEL slips 9% on posting Rs 231 crore loss in December quarter
Shares of Bharat Heavy Electricals Limited (BHEL) slipped 9 per cent to Rs 39.55 on the BSE in Monday’s intra-day trade, in an otherwise strong market, after the company reported a loss of Rs 231 crore in the December quarter (Q3FY21) due to poor operational performance. The state-owned heavy equipment company had posted a profit […]
After pandemic-hit 2020, Delhi sees rise in power demand in new year
Electricity demand in Delhi is picking up in the new year, recovering from the coronavirus pandemic-hit 2020, with January registering 19 per cent more peaks on 23 days than that in the last year, officials of power distribution companies said on Monday. Delhi’s peak power demand was 3,504 MW (megawatt) on December 1, 2020. Since […]
Air India FY21 loss seen at Rs 10,000 crore as pandemic takes a toll
NEW DELHI: Air India is estimated to have incurred losses of Rs 9,500- Rs 10,000 crore in this financial year, the highest since the merger of the ailing national carrier with Indian Airlines in 2007, as the Covid-19 pandemic impacted revenues of all airlines. “Of the total, about Rs 8,000 crore is estimated to be […]
GAIL puts West Bengal on India’s gas-map, hurl in greener, cheaper fuel for homes, automobiles
NEW DELHI: GAIL (India) Ltd, the nation’s biggest gas utility, has put West Bengal on the gas map of India after it completed laying a Rs 2,433-crore pipeline that will bring to the state cooking fuel that is cheaper than LPG and CNG that costs less than petrol and diesel, and fuel to produce urea […]
GoAir plans IPO to raise Rs 3,000 crore
Mumbai: GoAir, the budget airline of the Wadia Group, plans to launch its initial public offering soon, two people said, reviving a share-sale plan that’s been deferred several times since 2017. The exercise of taking the airline public to raise about ₹3,000 crore has started, with the appointment of Citigroup, ICICI Securities and Morgan Stanley […]
Government targets 1,000 routes under UDAN scheme: Puri
Raipur: Union Civil Aviation Minister Hardeep Singh Puri on Sunday said his ministry has set a target of operationalising 100 unserved and underserved airports and starting at least 1,000 air routes under the UDAN scheme. He also said that privatisation is required in the field of aviation as it is not the government’s specialisation to […]
Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among other buyers
New Delhi: Billionaire Mukesh Ambani”s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said. Reliance and its partner UK”s BP Plc on Friday auctioned 7.5 million standard cubic metres per day of […]
Air Works expecting regulatory approvals within 4-6 weeks for new MRO unit in Kochi: CEO
Air Works is expecting approvals for its new aircraft maintenance, repair and overhaul (MRO) facility at Kochi from Indian aviation regulator DGCA and European aviation regulator EASA within the next 4-6 weeks, its Managing Director and CEO D Anand Bhaskar has said. Moreover, the company is planning to increase the capacity of its existing MRO […]