The Ministry of Civil Aviation (MOCA) Friday gave the Telangana government conditional exemption from Unmanned Aircraft System (UAS) Rules, 2021, for conducting experimental delivery of vaccines using drones. The focus of Telangana’s ‘Medicine From the Sky’ (MFTS) trials, considering the ongoing COVID vaccination drive, will be on transporting vaccine vials to remote locations. The nod […]
Day: May 1, 2021
Biden admin okays proposed sale of six P-8I patrol aircraft to India
The Biden Administration on Friday notified the Congress of its determination to sell six P-8I patrol aircraft to India for an estimated cost of USD 2.42 billion. The Defense Security Cooperation Agency delivered the required certification notifying the Congress of this possible sale on Friday. This proposed sale will support the foreign policy and national […]
IAF transports oxygen containers from Chandigarh to Bhubaneshwar, Ranchi
The Indian Air Force (IAF) C-17 transport aircraft have lifted two cryogenic oxygen containers from Chandigarh to Bhubaneshwar and two containers to Ranchi. This is part of the IAF’s drive for transportation of oxygen containers from other countries to India as well as from various cities within the country to the places where liquid oxygen […]
PowerGrid InvIT IPO subscribed 59% on Day 2
NEW DELHI: Subscription for the IPO of the infrastructure investment trust NSE -1.45 %, sponsored by the Power Grid Corporation of India NSE -0.05 %, grew gradually on the second day of the bidding process on Friday. The issue was subscribed 59 per cent. By 5:00 pm on Friday, the issue received bids for 25,17,42,700 […]
Tata Power mulling $473 million renewable energy unit IPO
Tata Power NSE 1.23 % Co., controlled by India’s largest conglomerate Tata Group, is weighing an initial public offering for its renewable energy business that could raise about 35 billion rupees ($473 million), according to people familiar with the matter.
RIL Q4 results: Consolidated PAT jumps 129% YoY, beats estimates; firm to pay Rs 7 dividend
MUMBAI: Reliance Industries Ltd on Friday reported a 129 per cent year-on-year rise in its consolidated net profit for the quarter ended March to Rs 14,995 crore, which was above analysts’ estimates. The country’s largest conglomerate in terms of market capitalization reported consolidated revenues of Rs 1.54 lakh crore, up 11 per cent on-year and […]
Indian Army inaugurates first solar energy harnessing plant of 56 KVA in North Sikkim
Indian Army in its quest for harnessing renewable energy for its troops inaugurated the First Green Solar Energy harnessing plant of 56 KVA using Vanadium based battery technology in North Sikkim, at an altitude of 16000 ft. Public Relation Officer (Defence) Guwahati, P Khongsai stated that the project was completed in collaboration with IIT Mumbai. […]
View: Weighing our net zero challenge; it’s not just about energy. India has to assess technological, economic and societal transitions
Recently, there has been a flurry of articles on whether India should commit itself to attain net zero emissions of greenhouse gases and if so, when. What net zero emissions mean is that India will emit only as much emissions as could be absorbed by our forests, crops, vegetation, soils etc. Most articles point out […]
Core sectors’ output up 6.8% in March due to base effect
The output of eight core sectors grew by 6.8 per cent in March, the highest in 32 months, driven by base effect-led uptick in production of natural gas, steel, cement and electricity, official data showed on Friday. The growth rate of the eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, […]
RIL’s net profit more than doubles in Q4
Reliance Industries Ltd (RIL) more than doubled its March quarter consolidated net profit from a year ago to ₹14,995 crore, even as revenue rose a more sedate 14% to ₹1.72 lakh crore. For 2020-21, consolidated net profit came in at ₹53,739 crore, up 35% from ₹39,880 crore a year ago, while consolidated revenue fell from […]
Reliance India Limited’s March quarter net profit more than doubles
Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported more than doubling of its March quarter net profit as consumer businesses of retail and telecom as well as petrochemicals saw sequential recovery on improved spreads offsetting continued weakness in refining business. Consolidated net profit of ₹13,227 crore in January-March compared with ₹6,348 crore earned a […]
Fired 65 employees for racist, discriminatory conduct over the last year: Boeing
Boeing Co said on Friday it fired 65 employees over the last year for engaging in or being part of racist, discriminatory or hateful conduct. In a company-wide report that reveals the first demographic breakdown of its workforce, the planemaker said the employees were terminated between June 2020 and April 21, 2021. American companies have […]