The National Company Law Tribunal (NCLT) on Tuesday rejected applications filed by various parties seeking a copy of the resolution plan submitted by winning bidder Kalrock-Jalan Consortium for grounded Jet Airways. The Mumbai bench of NCLT, chaired by Mohammed Ajmal and V Nallasenapathy, dismissed pleas by various applicants seeking a copy of the resolution plan […]
Day: February 24, 2021
Petrol price stable at Rs 90.93 in New Delhi, Diesel unchanged at Rs 81.32
Petrol price on Wednesday remained stable at Rs 90.93 per litre in the national capital and diesel price unchanged at Rs 81.32, according to a price notification from oil marketing companies. In Mumbai, petrol price stood at Rs 97.34 per litre–the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 92.90. Diesel […]
Dabhol project: NTPC inks pact to buy GAIL’s 25.1% stake in Ratnagiri Gas and Power Pvt Ltd
State-owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL’s 25.51 per cent stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project. After the transaction is complete, NTPC would have 86.49 per cent stake in the RGPPL. Earlier in January, the company had […]
CCI dismisses case of alleged cartelization among domestic airlines
The Competition Commission of India (CCI) on Monday dismissed a complaint pertaining to alleged cartelization among various domestic airlines. The case had emanated upon receipt of a letter from the Lok Sabha secretariat in January 2014 with a request to examine whether there is any evidence of cartelization in the airlines sector. The data was […]
Congress holds protest march to oppose rising fuel prices, farm bills
The Congress party on Monday carried out a protest march called ‘Tiranga Yatra’ against the rising prices of petrol, diesel, gas cylinder and also against the three farm laws passed by the union government last year. Party workers and leaders gathered at the Old Jail Road crossing and marched up to Rajiv Chowk, shouting slogans […]
Fuel prices rise after 2 days, petrol & diesel up by 25 and 35 paise in Delhi
State-run oil marketing companies (OMC) on Tuesday announced a hike in fuel prices, after keeping rates unchanged for two straight days, according to news agency ANI. In the national capital Delhi, petrol was hiked by 25 paise a litre while an equal quantity of diesel rose by 35 paise, taking their respective rates to ₹90.83 […]
Damage to United Boeing 777 engine consistent with metal fatigue: NTSB
Damage to a fan blade on an engine that failed on a United Airlines Boeing 777 flight is consistent with metal fatigue, based on a preliminary assessment, the chairman of the U.S. air accident investigator said on Monday. The Pratt & Whitney PW4000 engine failed on Saturday with a “loud bang” four minutes after takeoff […]
ED attaches properties worth Rs 1.2 cr of JIPL in coal scam case
The Enforcement Directorate (ED) has attached properties to the tune of Rs 1.2 crore of Jharkhand Ispat Private Limited (JIPL) in a coal block case. An ED official here said that the agency attached the properties under the sections of Prevention of Money Laundering Act (PMLA), 2002. The ED had registered a case of money […]
India adds 3.2 GW solar capacity in 2020; lowest in 5 years: Report
India added 3,239 megawatt (MW) solar capacity in 2020, down 56 per cent from the previous year, according to a report. The adding of 3,239 MW of solar capacity was the lowest addition in five-years-time, Mercom India Research said in its report on Tuesday. “India added 3.2 GW or 3,239 MW of solar capacity in […]
GMR Aero Technic deploys new technology in form of ‘inflatable hangar’
GMR Aero Technic, the maintenance, repair andoverhaul (MRO) division of GMR group, on Tuesday said it has deployed a new technology in hangar’s operations, which will allow it to handle additionally 15-20 smaller base maintenance checks or 4-5 end-of-lease checks per year. The technology in the form of ‘inflatable hangar’ can be used for severalpurposes, […]
When will petrol and diesel prices drop? Oil minister Pradhan weighs in
Union petroleum minister Dharmendra Pradhan said on Tuesday prices of petrol and diesel have gone up after fluctuation in the international markets and will eventually come down. “Due to an increase in prices of crude oil in international markets, consumer price (for petrol and diesel) has risen. This will soften gradually. Global supply was reduced […]
Pilot error caused AI plane mishap; DGCA officials visit Vijayawada airport
A team of officials from the Directorate General of Civil Aviation visited the Vijayawada Airport at Gannavaram on Tuesday and conducted a preliminary investigation into the freak accident involving an Air India Express Boeing aircraft here on February 20. Official sources said pilot error caused the mishap in which the Boeing aircraft suffered a minor […]