Can the world’s jet fuel ever be green? Under pressure to reach net-zero greenhouse gas emissions by 2050, airlines are experimenting with so-called sustainable aviation fuels, or SAF. The most advanced contender is biofuel, mainly made from cooking oil, animal fats, agricultural crops and unused wood, though it is a struggle to use on more […]
Day: February 10, 2021
IndiGo, Sebi settle over Gangwal case
InterGlobe Aviation Ltd, which operates budget carrier IndiGo, has paid ₹2.10 crore to the Securities and Exchange Board of India (Sebi) to settle IndiGo co-founder Rakesh Gangwal’s complaints of related-party transactions and violation of corporate governance norms. In his July 2019 complaints, following a falling-out with co-founder Rahul Bhatia, Gangwal also alleged that InterGlobe failed […]
Boeing lands few orders but delivers 26 Max jets to airlines
Boeing raised cash in January by delivering 26 new planes — including 21 Max jets — to airline customers, but it still suffered cancelled orders for the plane with a troubled history. Most of the new 737 Max planes went to US airlines. Boeing said Tuesday that Southwest took six Max jets, American and United […]
Petrol price at record high of ₹87.60 per litre in Delhi on Wednesday
NEW DELHI: Oil marketing companies (OMCs) on Wednesday continued with the hike in prices of transportation fuel, raising petrol and diesel rates by 35 paise a litre and 25 paise, respectively, in Delhi-National Capital Region (NCR). Retail prices of petrol hit a new record high of ₹87.60 per litre in Delhi, while diesel prices retailed […]
BPCL to complete NRL stake sale by end of March
State-run Bharat Petroleum Corp. Ltd (BPCL) aims to complete the sale of its stake in Assam-based Numaligarh Refinery Ltd (NRL) by end-March. The company is also close to finalizing the transaction to buy a 36.62% stake in Bharat Oman Refineries Ltd (BORL) from its partner Oman Oil Co. “We are hopeful that if the government […]
India to be biggest driver of global energy demand growth in next 2 decades: IEA
NEW DELHI : India will be the main driver of rising demand for energy over the next two decades, accounting for 25% of global growth, and is set to overtake the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency (IEA) said. India’s energy consumption is expected to nearly double […]
Air India to resume flight services between Hubballi and Mumbai from next week
After almost a year, Air India has decided to resume its flight services between Hubballi and Mumbai from 16 February. The flight services were suspended in view of Covid-19 induced lockdown. The flight services between the two cities will be available thrice a week- Tuesday, Friday and Saturday. Sharing the information, the Union Minister for […]
93 NTPC workers are missing, 39 still stuck in the tunnel: Union Power Minister RK Singh
Union Power Minister RK Singh today said that 93 workers of National Thermal Power Corporation Limited(NTPC) are still missing due to the avalanche caused by a glacial burst in Uttarakhand’s Chamoli district. “93 NTPC workers are missing, 39 still stuck in the tunnel, we’re trying to reach them. We are planning to install Early Warning […]
Singapore Airlines defers $3 billion of spending on Airbus, Boeing planes
Singapore Airlines Ltd said on Tuesday it would defer over S$4 billion ($3.01 billion) of spending on Airbus SE and Boeing Co planes after reaching agreements with the aircraft manufacturers to delay deliveries. It will convert 14 of its Boeing 787-10 orders to 11 additional 777-9s to meet its fleet needs beyond the financial year […]
India’s fuel demand fell 2.2% in January
NEW DELHI : India’s fuel demand fell 2.2% in January compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 18.01 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 6.3% higher from a year earlier […]
GAIL acquires IEX’s 5% stake in Indian Gas Exchange
The Indian Energy Exchange (IEX) today said state-owned GAIL (India) Ltd has acquired five per cent stake of the IEX in its arm Indian Gas Exchange (IGX). S N Goel, Chairman, IEX and Director – IGX said, “With strong impetus from the government to create a conducive policy and regulatory framework,gas markets are on the […]