Privacy-focused email provider Proton Technologies AG said on Thursday that a bomb threat cited by Belarusian authorities as the reason for diverting a Ryanair jet carrying a journalist and blogger was only sent after the plane was diverted. “We haven’t seen credible evidence that the Belarusian claims are true,” the Swiss company said in a […]
Day: May 29, 2021
US fines Boeing $17 million over aircraft production issues
Boeing agreed to pay a $17 million fine and enhance its supply chain and production practices after installing unapproved equipment on hundreds of planes, US regulators said Thursday. The Federal Aviation Administration (FAA) said the manufacturer installed unapproved sensors on 759 Boeing 737 MAX and NG aircraft. The company also submitted about 178 Boeing 737 […]
Reliance Infra net loss narrows to Rs 47 cr in Jan-Mar quarter
Reliance Infrastructure Ltd on Friday reported narrowing of consolidated net loss at Rs 46.53 crore for the quarter ended March 31, 2021. The company had reported a consolidated net loss of Rs 153.84 crore in the year-ago period, it said in a filing to the BSE. The company’s consolidated income during the January-March quarter increased […]
HC to hear on June 4 ONGC plea against stay of tender, e-auction of natural gas from KG-basin
The Delhi High Court Friday said it will hear on June 4 a plea by state-run ONGC for vacating an interim order putting on hold its tender notice and the consequent e-auction for sale of natural gas from its block in the Krishna-Godavari (KG) basin in Kakinada, Andhra Pradesh. A bench of Chief Justice D […]
Reliance Infra net loss narrows to Rs 47 cr in January-March quarter
Reliance Infrastructure Ltd on Friday reported narrowing of consolidated net loss at Rs 46.53 crore for the quarter ended March 31, 2021. The company had reported a consolidated net loss of Rs 153.84 crore in the year-ago period, it said in a filing to the BSE.
Actis-backed Sprng Energy wants to cancel 100 MW wind power purchase agreement with SECI
Sprng Energy, the Indian renewable energy platform set up by UK-based fund manager Actis, wants the termination of the power purchase agreement (PPA) signed with the Solar Energy Corporation of India (SECI) for its upcoming 100 mega-watt (MW) wind project. The company said it wanted the PPA to be cancelled because of the delay in […]
Govt to clarify 100% FDI norm applicable to refiner-cum-retailer BPCL
The government may clarify that 100% foreign direct investment (FDI) limit through automatic route will be applicable to refiner-cum-retailer BPCL when it becomes a private company after the government sells its 52.98% stake in the company. “Up to 100% FDI is allowed in private sector in refining, and BPCL is getting privatised by government. The […]
IATA boss blames governments for prolonging travel crisis
The head of global airline industry body IATA blames overly risk-averse governments for prolonging the COVID-19 crisis for the travel sector but expects the outlook to brighten in the second half of the year. IATA Director General Willie Walsh, the former boss of British Airways owner IAG, expects positive data on vaccine effectiveness to convince […]
REC Q4 results: Co reports multifold jump in net profit at Rs 2,077 crore
NEW DELHI: State-owned REC’s consolidated net profit jumped multifold to Rs 2,077.84 crore in the March 2021 quarter, mainly on the back of higher revenues. The company’s consolidated net profit had stood at Rs 473.99 crore in the quarter ended on March 31, 2021, according to a BSE filing. Its total income in January-March 2021 […]
Orient Green Power Q4 results: Co posts consolidated loss of Rs 42.64 crore
NEW DELHI: Orient Green Power Company Ltd NSE 0.00 % (OGPL) on Friday reported a consolidated loss of Rs 42.64 crore in the March quarter, mainly due to lower revenues. The company had reported a consolidated net profit of Rs 20.91 crore in the quarter ended March 31, 2020, according to a regulatory filing. Total […]
Reliance Infra Q4 results: Net loss narrows to Rs 47 cr
NEW DELHI: Reliance Infrastructure Ltd NSE -5.00 % on Friday reported narrowing of consolidated net loss at Rs 46.53 crore for the quarter ended March 31, 2021. The company had reported a consolidated net loss of Rs 153.84 crore in the year-ago period, it said in a filing to the BSE. The company’s consolidated income […]
Genus Power Infra Q4 results: Net profit doubles to Rs 28 cr
NEW DELHI: Genus Power Infrastructures Ltd NSE -3.79 % on Friday reported more than doubling of its consolidated net profit to Rs 28.34 crore for the March quarter. The consolidated net profit of the company stood at Rs 13.90 crore in the quarter ended March 31, 2020, it said in a BSE filing. For the […]