The International Solar Alliance (ISA) plans to launch the World Solar Bank (WSB) at the United Nations Climate Change Conference in Glasgow in November, a top ISA official said, a development that will support India’s attempt to secure leadership in the climate arena. The ISA is the first treaty-based international government organization headquartered in India. […]
Day: February 19, 2021
GAIL’s shares gain on transmission volume recovery, share buyback news
The tide has turned favourable for GAIL (India) Ltd following the economic recovery in the country, with a regular recovery in transmission volumes. The losses in the trading segment for the country’s largest transmitter and distributor of gas have also declined significantly led by rising crude prices and a regular increase in spot gas prices. […]
Constructive talks on with India on tax dispute: Cairn CEO
New Delhi: Cairn Energy chief executive officer Simon Thomson had a constructive dialogue with the Indian government on a tax dispute. “We had a constructive dialogue. The dialogue is ongoing,” Thomson told reporters after meeting finance secretary Ajay Bhushan Pandey to discuss the tax dispute even as India prepared to appeal against the $1.2 billion […]
Airbus expects to deliver 566 commercial aircraft in 2021
New Delhi: Aerospace major Airbus SE will deliver 566 aircraft to its customers in 2021, the same number it had supplied in 2020, as the company doesn’t expect any further disruption to the world economy, air traffic or internal operations, the French plane-maker said on Thursday. Airbus had delivered 566 commercial aircraft during 2020, a […]
Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive
NEW DELHI : Nearly two months after it won an international arbitration tribunal ruling against the Indian government levying taxes retrospectively, Britain’s Cairn Energy Plc Chief Executive Simon Thomson on Thursday met top finance ministry officials in hope of quickly resolving the issue. “We had a constructive dialogue and the dialogue is ongoing,” Thomson told […]
Petrol at ₹100: After Rajasthan, prices breach ₹100-mark in Madhya Pradesh
After fuel rates were increased for the tenth straight day in a row, the petrol price on Thursday crossed the ₹100 per litre mark in Madhya Pradesh. In Anuppur of Madhya Pradesh, petrol is priced at ₹100.25 per litre and diesel at ₹90.35. Earlier on Wednesday, the price of regular petrol consumed by the masses […]
Air traffic improved by 5.6% in January
NEW DELHI : New Delhi: Indian airlines flew about 5.6% more domestic passengers in January than in the previous month as travellers turned more confident with the pandemic waning across India. As many as 7.73 million passengers travelled by air in January, up from 7.33 million in December, data from the Directorate General of Civil […]
India’s domestic air passenger traffic down 40% to 77.34 lakh in Jan
MUMBAI : India’s domestic air passenger traffic declined around 40% to 77.34 lakh in January 2021 over the year-ago period as the pandemic continues to hit air travel demand, as per the monthly traffic data released by the aviation regulator, DGCA on Thursday. The total number of passengers flown by the Indian carriers on domestic […]
Engineers India, Oil India to jointly bid for BPCL stake in Numaligarh Refinery
State-run Oil India (OIL) and Engineers India (EIL) will jointly bid for acquiring Bharat Petroleum Corporation’s (BPCL) 61.65% stake in Numaligarh Refinery Limited (NRL), the companies said today. The bid will be submitted through a formal process. The Assam government will increase its stake to 26%, while Engineers India Ltd will be a new shareholder […]
City gas supply companies spar with OMCs over hike in charges
Mumbai: City gas distribution firms have sought the Centre’s intervention following a demand by state-run oil marketing companies (OMCs) for a higher commission on retail sales of compressed natural gas (CNG). The Petroleum and Natural Gas Regulatory Board had last November barred OMCs, including Bharat Petroleum Corp. Ltd, Hindustan Petroleum Corp. Ltd and Indian Oil […]
Petrol, diesel rates in Delhi hiked for eleventh day in row. Check reviced price
Hitting record high, the petrol and diesel prices in the national capital were hiked again on Friday for the eleventh day. While the price of petrol was increased by 31 paise, diesel rates jumped up by 33 paise. This has pushed up the retail rates, which differ from state to state depending on the incidence […]