Oil prices fell more than 1% on Tuesday, extending losses that began last week, as investors unwound long positions on concern that OPEC may agree to increase global supply in a meeting this week and Chinese demand may be slipping. Brent crude dropped 78 cents, or 1.2%, to $62.91 a barrel by 0138 GMT, after […]
Day: March 2, 2021
Mumbai power outage could have been cyber sabotage, says minister
A power failure that crippled India’s financial capital of Mumbai in western Maharashtra state last year could have been a case of cyber sabotage, a local minister said on Monday, as China denied a report that it was behind the outage. Mumbai police were investigating further after a preliminary report pointed to possible evidence of […]
IndiGo flight diverts to Karachi due to medical emergency onboard
A Lucknow-bound IndiGo flight from Sharjah was diverted to Karachi airport, in Pakistan on Tuesday after a medical emergency onboard. The passenger who had the medical emergency could not be revived and was declared dead on arrival by the airport medical team, IndiGo said in a statement. The airline said the flight — 6E 1412 […]
IGL hikes CNG, PNG prices to offset increased costs due to Covid
Indraprastha Gas Limited (IGL) has raised prices of compressed natural gas (CNG) by 70 paise per kg and piped natural gas (PNG) by 91 paise per standard cubic meter (SCM) in Delhi and adjoining areas. Prices have been raised “to partially offset the impact on account of increase in its operational, manpower and fixed costs […]
IEA says global CO2 emissions rising again after nearly 6% fall last year
Global carbon dioxide emissions dropped by 5.8% in 2020 as the COVID-19 pandemic slowed economic activity, but they rebounded at the end of the year and are on course to rise further, the International Energy Agency said on Tuesday. Major economies led a rebound in December when emissions were 2%, or 60 million tonnes, higher […]
Coal India helped cut 71 MT costly coal imports in current financial year
State-owned miner Coal India Ltd (CIL) today said a host of measures taken by the company have helped cut 71 million tonne of costly coal imports in the April-February period of the current financial year. This includes an increase in e-auction volumes by 43.5 MT; allowing subsidiaries to sign pacts under import substitution with 17 […]
CBI probe into WB coal mining scam: SC asks Centre to respond on plea challenging Calcutta HC order
Supreme Court has on Monday sought response of the central government within a week on a plea challenging the order of the Calcutta High Court that allowed the Central Bureau of Investigation (CBI) to probe a case pertaining to illegal mining and transportation of coal through Railways in West Bengal, without the state’s consent. A […]
BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Monday said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. The sale of Numaligarh Refinery Ltd clears the way for privatisation of India’s second-largest fuel retailer. In keeping with […]
Jet fuel prices up by steep 6.5%; petrol, diesel unchanged for 2nd day
Jet fuel prices on Monday were hiked by a steep 6.5 per cent on the back of a rally in international oil prices. Aviation turbine fuel or ATF price was hiked by Rs 3,663 per kilolitre, or 6.5 per cent, to Rs 59,400.91 per kl in the national capital, according to a price notification of […]
Alliance Air launches flights from Bilaspur under UDAN scheme
Alliance Air, a subsidiary of Air India, on Monday launched its flight services under the Centre’s UDAN scheme in Bilaspur town of Chhattisgarh, connecting it with Delhi via Jabalpur and Prayagraj. Chief Minister Bhupesh Baghel from here virtually launched the inaugural flight which was given a water cannon salute at Bilasa Devi Kevat Airport, Bilaspur, […]
Oil prices rise on Covid-19 vaccine optimism, US economic stimulus
LONDON (Reuters) – Oil prices rose on Monday, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions. Brent crude was up 34 cents, or 0.5%, at $64.76 a barrel by 1448 GMT, and U.S. West Texas Intermediate (WTI) crude rose 13 cents, or 0.2%, to […]
Texas power firm files for bankruptcy citing claims from grid operator
HOUSTON (Reuters) – Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos Electric Power Cooperative Inc, which supplies electricity to more than 660,000 consumers across the state, is one of dozens of providers facing […]