NEW DELHI: State-owned hydro power giant NHPC on Friday said it has incorporated a joint venture firm Ratle Hydroelectric Power Corporation Ltd for implementing 850 MW Ratle project in the union territory of Jammu and Kashmir. NHPC Ltd NSE 0.58 % has incorporated this JV firm with Jammu and Kashmir State Power Development Corporation Ltd […]
Day: June 5, 2021
Slots for Jet Airways to be based on existing norms, not historicity: Government tells NCLT
Defunct Jet Airways NSE -0.72 %, which is undergoing insolvency resolution for nearly two years, cannot claim “historicity” for slots at airports, and allocation of slots will be based on existing guidelines, according to an affidavit. The civil aviation ministry and aviation regulator DGCA have also informed the National Company Law Tribunal (NCLT) that for […]
Oil companies’ expansion plan creates problem of plenty due to Covid
Oil companies’ mega expansion plan has collided with the pandemic, creating for petrol pumps a double whammy of increased competition and collapsing fuel demand. In two years, companies have added around 12,500 pumps, increasing the country’s fuel retail network by nearly 20 per cent to 77,200, even as the combined sales of petrol and diesel […]
Petrol is now selling above Rs 100-mark in at least six states
Petrol and diesel prices rose again across the country today to a fresh record hike. After today’s hike, 18th in the last one month, petrol is now selling at Rs 100 per litre in at least six states. Petrol prices were hiked 27 paise per litre and diesel by 28 paise a litre today, according […]
PESB finds no suitable candidate to head ONGC
NEW DELHI: Government headhunter PESB on Friday did not find anyone suitable from nine candidates, including two serving IAS officers, to head India’s largest oil and gas producer, ONGC NSE 2.41 %. The Public Enterprise Selection Board (PESB) interviewed 9 out of the 10 candidates who had applied for the post of Chairman and Managing […]
AEML offers green tariff to consumers in Mumbai
Adani Electricity Mumbai Ltd (AEML) on Friday announced to offer green tariff to its consumers in Mumbai. Under the first-of-its-kind initiative in the country, its consumers opting for the green tariff structure will receive ‘green power certificate’ on a monthly basis with a separate green colour bill indicating separate line item — ‘Green Power Tariff’, […]
How China beat the U.S. to become world’s undisputed solar champion
For Mayor Tom Hughes and the other politicians gathered to cheer the opening of a $440 million solar panel plant in Hillsboro, Oregon, it was a moment of glory. The arrival of SolarWorld AG promised to be a turning point for his hometown just west of Portland. “Not just because of SolarWorld itself,” Hughes recalled, […]
Nissan delays launch of Ariya electric SUV due to chip shortage, COVID-19
The availability of Nissan Motor Co’s Ariya, a new electric SUV, will be delayed because of the coronavirus pandemic and a global shortage of chips, an official of the car maker said on Friday. Last year Nissan said it planned to begin sales of the Ariya in Japan from mid-2021. But the rollout of the […]
Slots for Jet Airways will be based on existing norms, not historicity: Government tells NCLT
Defunct Jet Airways NSE -0.72 %, which is undergoing insolvency resolution for nearly two years, cannot claim “historicity” for slots at airports, and allocation of slots will be based on existing guidelines, according to an affidavit. The civil aviation ministry and aviation regulator DGCA have also informed the National Company Law Tribunal (NCLT) that for […]
Yamuna body secures Rs 3,725 crore loan from SBI for development of airport in Jewar
The Yamuna International Airport Private Limited (YIAPL) has secured a loan of Rs 3,725 crore from the State Bank of India NSE -1.38 % for the development of Noida international airport at Jewar in Uttar Pradesh, according to a statement issued on Friday. YIAPL is a 100 per cent subsidiary of Zurich Airport International and […]
National highway construction jumps 73.5% to 1,470 km in April-May
The road transport and highways ministry has constructed 1,470 km of national highways in the current financial year so far, an increase of 73.5 per cent as compared to the year-ago period. The ministry in a tweet said it had constructed 847 km of highway in the April-May 2021 period. The ministry awarded national highway […]
First pier of Delhi-Meerut RRTS corridor completed
The first pier of the elevated section of the Delhi-Meerut Regional Rapid Transit System in the city has been completed near the upcoming New Ashok Nagar RRTS station, the National Capital Region Transport Corporation (NCRTC) said in a statement on Friday. The Delhi portion of the elevated RRTS section starts from Sarai Kale Khan RRTS […]