SpiceXpress, cargo arm of SpiceJet, on Thursday brought 600 oxygen concentrators to Delhi on its flight from Miami in the US. India is struggling with the second wave of coronavirus infection as hospitals in several states are reeling under a shortage of medical oxygen and beds. “SpiceXpress flight carrying 600 oxygen concentrators from Miami USA […]
Day: May 1, 2021
India extends ban on international passenger flights till May 31
India on Friday extended the ban on scheduled international passenger flights, announced since the Covid-19 outbreak last year, by another month till May 31. However, the bilateral air bubble flights will continue to function to and from the territories of 27 countries with whom such arrangements have been agreed upon. India had suspended scheduled international […]
Boeing announces $10 million assistance package for India’s fight against Covid-19
US aerospace major Boeing on Friday announced a $10 million (about Rs 74 crore) emergency assistance package for India to support the country’s response to the current surge in Covid-19 cases. The assistance from Boeing will be directed to organisations providing relief, including medical supplies and emergency healthcare for communities and families battling the pandemic, […]
Exxon posts $2.7 billion quarterly profit after unprecedented year
Exxon Mobil reported profits of USD 2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. The oil giant brought in USD 59.15 billion in revenue, up 5 per cent from USD 56.16 billion during the same quarter last year. It exceeded analyst projections for the quarter. The The Irving, […]
Reliance Industries’ profit more than doubles to Rs 13,227 crore in Q4
Mukesh Ambani-led Reliance Industries Ltd, or RIL, reported a consolidated net profit of Rs 13,227 crore for the quarter ended March 2021 (Q4), more than double the Rs 6,348 crore reported in the year-ago quarter. While the jump should be seen in the light of last year’s low base, when profit was lower on account […]
Reliance Industries Q4 net profit more than doubles to Rs 13,227 crore
Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported consolidated net profit of Rs 13,227 crore for the quarter ended March 31, 2021 (Q4FY21), up 108 per cent from Rs 6,348 crore logged in the corresponding quarter last year (Q4FY20). Sequentially, the profit rose 1 per cent. It was Rs 13,101 crore in the December […]
Huawei deepens dive into EVs, seeks control of small automaker: report
China’s Huawei Technologies is in talks to take control of a small domestic automaker’s electric vehicle unit, two people with direct knowledge of the matter said, a move that would be a strategic shift for the world’s largest telecom equipment maker. A company spokesman denied such a step, however. Huawei, which has been battered by […]
Tata Power considering a $473-million IPO for its renewable energy unit
Tata Power, controlled by Tata Group, is weighing an initial public offering for its renewable energy business that could raise about Rs 35 billion ($473 million), according to people familiar with the matter. The power company has abandoned earlier plans to seek a partner to invest in its green assets via an investment trust, the […]
Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday
The initial public offering (IPO) of Powergrid Infrastructure Investment Trust (invIT) was subscribed 56 per cent on Friday. The issue closes on Monday. The price band for the IPO is in the range of Rs 99-100 per unit of Rs 100 each. The total issue size is Rs 7,735 crore. The IPO comprises of an […]
Aviation Ministry permits Telangana govt to use drones for vaccine delivery
The Civil Aviation Ministry on Friday permitted the Telangana government to use drones for experimental delivery of vaccines within the visual line of sight. The ministry’s statement does not mention which particular vaccine will be part of this experimental delivery. The ministry on Twitter said it has granted conditional exemption to the Telangana government from […]
Boeing announces $10-million aid as coronavirus cases explode in India
US-based aircraft manufacturer announced a $10-million emergency aid for India to support the country’s response against the second wave of coronavirus. The assistance from Boeing will be directed to organisations providing relief, including medical supplies and emergency healthcare for communities and families battling Covid-19. Boeing houses a total of 3,000 employees in India, in addition […]