Mumbai: The National Company Law Tribunal (NCLT), which is hearing the resolution plan of the grounded carrier Jet Airways, on Thursday granted time till March 2 to aviation regulator DGCA to respond on the airline’s slots issue. During the hearing, the DGCA sought more time from the tribunal to clear their stance on Jet’s slots, […]
Day: February 26, 2021
Boeing studied 777 engine upgrade before Denver incident: Report
Boeing had been working to strengthen engine covers on the 777 for about two years before last weekend’s scare on a United Airlines flight, according to a report Thursday. Boeing was working with the Federal Aviation Administration to strengthen protective engine covers following similar problems on earlier flights preceding Saturday’s emergency landing, the Wall Street […]
Firm marketing margins despite crude rally put OMCs in sweet spot
After posting decent December quarter results, state-run oil marketing companies (OMCs) have remained in the spotlight thanks to regular price hikes. OMCs include Hindustan Petroleum Corp. Ltd (HPCL), Indian Oil Corp. Ltd (IOCL) and Bharat Petroleum Corp. Ltd (BPCL). Shares of these companies have risen 8-20% so far in February. OMCs have been consistently raising […]
Dear diary, petrol’s at a whopping ₹100
Every now and then, someone in the family will ask, so why are you writing down those numbers? Yes: every time we buy petrol, I note down five things about the purchase: the date, the odometer reading, the number of litres, the total price, and the price per litre. All this, in a pocket diary […]
ReNew Power likely to explore India listing: CEO
ReNew Power Ventures Pvt. Ltd may explore an India listing, chairman and managing director Sumant Sinha said in an interview. The development comes in the backdrop of the Goldman Sachs-backed clean energy company announcing a merger with Nasdaq-listed special purpose acquisition company (SPAC) RMG Acquisition Corp. II (RMG II) on Wednesday, at an enterprise value […]
Boeing will pay $6.6 million to settle FAA allegations
Federal regulators have imposed $5.4 million in civil penalties against Boeing for violating terms of a $12 million settlement in 2015, and the aircraft maker has agreed to pay another $1.21 million to settle two current enforcement cases. The Federal Aviation Administration said Thursday that Boeing managers failed to put an adequate priority on living […]