The coronavirus-induced suspension of scheduled international passenger flights has been extended till May 31, aviation regulator DGCA said on Friday. “However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation added. Scheduled international passenger services have been suspended in India since […]
Month: April 2021
Ride-hailing giant Gojek to shift to electric vehicles by 2030
Indonesian ride-hailing startup Gojek plans to make every car and motorcycle on its platform an electric vehicle (EV) by 2030 through partnerships with manufacturers and favourable leasing arrangements, co-Chief Executive Kevin Aluwi told Reuters. Gojek announced the plan on Friday under a zero-emission pledge laid out in its first annual sustainability report, which analysts widely […]
Power Grid InvIT issue subscribed 10% on first day
The IPO of the infrastructure investment trust, sponsored by Power Grid Corporation of India, got off to a slow start on Thursday as the issue was subscribed 10 per cent by the end of the bidding process on Day 1. This kind of issues usually see major subscription by HNIs and institutional investors only on […]
Lockdown constraints amid second wave of Covid-19 a downside risk for electricity demand: ICRA
The proliferation of lockdown restrictions across many states in the country, amid the second wave of Covid-19 infections, could adversely impact the electricity demand growth prospects in FY2022, rating agency ICRA said. Based on the data available from POSOCO for April 1 to April 25, 2021, the electricity demand is higher by 40.4 per cent […]
JSW Energy uprates its Karcham Wangtoo hydro power plant to 1091 MW
JSW Energy on Friday said that Central Electricity Authority has approved the uprating of its Karcham Wangtoo hydro power plant to 1,091 megawatt (MW) from 1,000 MW. This capacity uprating has been done by 9 per cent to 1,091 MW without any additional capital expenditure, and is a significant boost to the earnings potential of […]
GAIL (India) Ltd spurts 4.49%, rises for fifth straight session
GAIL (India) Ltd is quoting at Rs 140.85, up 4.49% on the day as on 12:49 IST on the NSE. The stock is up 50.64% in last one year as compared to a 59.38% jump in NIFTY and a 44.35% jump in the Nifty Energy. GAIL (India) Ltd gained for a fifth straight session today. […]
CPCL reports standalone 4qtr net at Rs 332.95 cr
Chennai Petroleum Corporation Ltd, a group company of Indian Oil, has reported standalone net profits at Rs 332.95 crore for the quarter ending March 31, 2021. The city-based company had clocked standalone net loss at Rs 2,388.06 crore during corresponding quarter previous year, CPCL said in a statement. For the year ending March 31, 2021 […]
Boeing reports another loss, says 2021 ‘inflection point’
NEW YORK: Boeing lost money for the sixth consecutive quarter, but said Wednesday a rebound was within sight with the return of the 737 MAX to service and widespread Covid-19 vaccines. The aerospace giant, which has been in crisis mode since March 2019 when regulators grounded the MAX for 20 months following two deadly crashes, […]
Six of family die in gas cylinder explosion
In a tragic incident, a couple and their four minor children were burnt to death on the early hours of Thursday after a cylinder caught fire in a hut in southwest Delhi’s Bijwasan area. The deceased persons were identified as Kamlesh (37), his wife Budhani (32), their two daughters, 16 and 12 years old, and […]
Niti Aayog suggests Govt to provide incentives on EV purchase apart from subsidy under FAME-II
Government think-tank Niti Aayog has said the government should provide incentives on electric vehicle (EV) purchase over and above the existing subsidy under the Faster Adoption and Manufacturing of Hybrid and EV (FAME-II) scheme. The Niti Aayog in its status quo analysis of electric mobility in India also said the government should include EVs and […]
HAL’s Dhruv Mk III MR registers success in deck operations
BENGALURU: Hindustan Aeronautics Limited’s (HAL) Advanced Light Helicopter Dhruv Mk III MR has successfully demonstrated its deck-operations capabilities that include landing on the deck, folding of blades and storing the helicopter inside the onboard hangar. A statement from HAL said the recently concluded ship-borne trials off Chennai coast, in collaboration with the Indian Coast Guard, […]
NEP moots metering for agriculture services
HYDERABAD: The National Electricity Policy (NEP)-2021 pitched for smart meters, metering for agriculture services and privatisation of power sector. The Ministry of Power released the draft NEP 2021, seeking suggestions from the stakeholders to present the final policy within two months. The draft policy states that all consumers shall be metered and shall be required […]