NEW DELHI: Even as dams are being discussed afresh after the glacier disaster in Uttarakhand, the Centre had taken a decision during PM Narendra Modi’s first term itself not to take up any new hydro-electric project on river Ganga and its tributaries in the state. The decision, taken by the Prime Minister’s Office, will continue […]
Day: February 9, 2021
Air traffic recovers sequentially in January
India’s domestic air passenger traffic grew 3.5% sequentially in January indicating a recovery is underway from the turmoil caused by strict curbs on travel last year. About 7.6 million passengers travelled on domestic routes last month, credit rating agency Icra said in a statement on Monday. The figure, however, marked a 41% decline from a […]
Brent hits $60 as supply cuts and stimulus hopes boost prices
LONDON : Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, […]
Crude oil’s price recovery has been too fast for OPEC+ unity
The OPEC+ alliance of oil producers will face a big test of its cohesion in a few weeks, when ministers of the Organization of Petroleum Exporting Countries (OPEC) and Russia meet to discuss the next step in their production deal aimed at rebalancing the world’s oil supply with recovering demand. Things have almost moved too […]
NHAI inks MoU with 200 technical institutes
National Highways Authority of India (NHAI) has inked initial pacts with 200 technical institutes to encourage them for voluntary adoption of highway stretches for research etc, Parliament was informed on Monday. Out of over 250 such institutes which have consented for the the Memorandum of Understanding (MoU), 200 have become signatories. “NHAI has introduced an […]
NTPC to install early warning system in its projects in hill states
NTPC will install early warning systems in its projects located in hill states prone to natural disasters, Union Power Minister R K Singh said on his return from an on the spot assessment of the state-run power producer’s damaged hydel project at Tapovan on Monday. He also announced a compensation of ₹20 lakh each to […]
Brookfield nears deal for Mahindra’s EPC biz, solar units
Canada’s Brookfield Asset Management Inc. has signed an exclusivity agreement to buy Mahindra Susten’s engineering, procurement and construction (EPC) business, besides 1,200 megawatts (MW) of solar assets, at an enterprise value of around ₹5,000 crore, two people aware of the development said. About half these solar assets are currently under construction, the people cited above […]
Oil holds near pre-virus high after rallying on tighter market
Oil was steady near the highest level in more than a year after rallying on signs the global market is tightening and demand is improving. Futures in New York traded near $58 a barrel after climbing 11% over the past six sessions as prices extended a robust recovery from the depths of the Covid-19 pandemic. […]
Petrol, diesel prices at record high after today’s hike: Check out latest rates in your city
Retail prices of petrol hit a new record high on Tuesday in the national capital with oil marketing companies (OMCs) raising pump prices by 35 paise a litre to ₹87.30. Diesel prices were also up 35 paise a litre, selling at ₹77.48 a litre in Delhi, according to price notification of state-owned fuel retailers Petrol […]