Supported by shrinking supplies and firm demand, Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) rose to a one-year high this week, setting the stage for a trend that could persist throughout the year, traders and analysts said. “Tightness in the fuel oil complex will remain a common theme through 2021, especially […]
Day: February 11, 2021
Tourism, fishing activities impacted after oil spill from Titanium factory into sea
A glass furnace pipe of Travancore Titanium Products Ltd (TTP), a public sector unit making titanium dioxide, broke on Wednesday leading to a major oil spill into the sea and parts of coastal area in Thiruvananthapuram, after which tourism and fishing activities in the region have been banned as a precautionary measure. Thiruvananthapuram District Collector […]
SpiceJet to start 24 new domestic flights
SpiceJet said on Thursday that it will start 24 new domestic flights in February from various cities including Ajmer, Jaisalmer, Ahmedabad and Bengaluru. The airline said it would be the only airline to start flights on the Ajmer-Mumbai route and Ahmedabad-Amritsar route. The new flights also include four new seasonal flights connecting Jaisalmer, the ‘Golden […]
Rajasthan: SEC clears ₹1.18 lakh crore investments in renewable energy
Opening doors to investment of Rs 1.18 lakh crore in Rajasthan, the State Empowered Committee (SEC) under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 recommended six projects for consideration of special package under the Rajasthan Investment Promotion Scheme. The recommendations were made in the 33rd meeting of the SEC held under chairmanship […]
Indraprastha Gas Q3 results: Net profit rises 18 per cent to Rs 335 cr
Indraprastha Gas Ltd on Wednesday reported a 18 per cent rise in December quarter net profit after city gas sales recovered after easing of coronavirus lockdown restrictions. Standalone net profit in October-December at Rs 334.87 crore compared with Rs 283.59 crore in the corresponding period of the last fiscal, the company said in a statement. […]
India’s gas production rises above pre-Covid level over KG-D6 field: DGH
India’s natural gas production has risen above the pre-COVID level following the start of output from a KG-D6 field operated by Reliance Industries Ltd and its partner BP Plc, upstream regulator DGH said on Thursday. Natural gas production in the country in February 2020 was 80 million standard cubic meters per day and in January […]
Gulf Oil Lubricants partners Gulf Oil Intl for exploring EV charging space
Hinduja group company, Gulf Oil Lubricants India on Thursday said it has partnered with Gulf Oil International for investing and exploring opportunities in the electric vehicle charging space. Gulf Oil Lubricants India Ltd (GOLIL) has entered into an agreement with Gulf Oil International (GOI) to participate and co-invest in Gulf Oil International’s recent investment along […]
Boeing to provide technical assistance on Indonesian plane crash probe
American airplane giant Boeing said that its technical experts will continue assisting the investigation into an Indonesia plane crash that took place last month. “We are deeply saddened by the loss of the crew and passengers on Sriwijaya Air flight SJ-182,” Boeing said in a statement on Wednesday, adding that the company will provide the […]
Indonesia plane crash: Investigators suspect ‘throttle problem’ led Sriwijaya Air jet to lose control
JAKARTA: A malfunctioning automatic throttle may have caused the pilots of a Sriwijaya Air jet to lose control, leading to the Boeing plane’s plunge into the Java Sea last month, Indonesian investigators said Wednesday. National Transportation Safety Committee investigators said they are still struggling to understand why the jet nosedived into the water minutes after […]
Misnomer to campaign that fuel prices are at all-time high: Dharmendra Pradhan
NEW DELHI: Petroleum Minister Dharmendra Pradhan on Wednesday said petrol and diesel prices are governed by an international price mechanism and it was a misnomer to campaign in such a way that fuel prices are at an all-time high. “In the last 300 days, there have been around 60 days of increase in price (and) […]
International passenger traffic fell by 90.56% in March-Dec 2020: Govt
NEW DELHI: International passenger traffic fell by 90.56 per cent to 18.55 lakh in March-December period of 2020 due to the COVID-19 pandemic as compared to the corresponding period of 2019, Civil Aviation Minister Hardeep Singh Puri said on Wednesday. Moreover, domestic passenger traffic fell to 3.77 crore in March-December period of 2020 from 11.99 […]
Uttarakhand glacier burst: Kin of missing protest at Rishiganga power project site
RAINI: The families of workers missing from the Rishiganga hydel project site created a ruckus here on Wednesday accusing the authorities of not carrying out the rescue operations properly after the sudden flood in the Alaknanda river system wreaked havoc. The kin of around 40 missing workers engaged a heated argument with the authorities of […]