Challenging times for air travel have led to a shakeup in Cirium’s on-time performance rankings for the industry, with Japan Airlines Co. and Tokyo’s Haneda Airport climbing to the top for punctuality. Other standouts among carriers include Hawaiian Airlines Inc., Red Wings ZAO and Avianca Holdings SA, Cirium said in its first monthly “On-Time Performance […]
Day: June 11, 2021
OPEC+ will need to boost output to meet 2022 demand recovery: IEA
OPEC+ oil producers will need to boost their output in order to meet demand set to recover to pre-pandemic levels by the end of 2022, the International Energy Agency said on Friday. “OPEC+ needs to open the taps to keep the world oil markets adequately supplied,” the Paris-based energy watchdog said, adding that rising demand […]
IREDA invites bids from module manufacturers for Rs 4,500-cr solar PLI
The Indian Renewable Energy Development Agency (IREDA), a public sector undertaking (PSU) under the Ministry of New & Renewable Energy (MNRE), on Friday, invited bids for setting solar manufacturing units under the Centre’s Rs 4,500 crore Production Linked Incentive (PLI) scheme. The Centre had approved the scheme to boost domestic manufacturing of solar Photo Voltaic […]
Gayatri Projects slips 18% after NHAI declares company as non-performer
Shares of Gayatri Projects slipped 18 per cent to Rs 31 on the BSE in intra-day trade on Friday, amid heavy volumes, after the National Highways Authority of India (NHAI) declared the company a non-performer and prohibited from participating in the ongoing and future bids for the road projects till defects and deficiencies in one […]
Fuel prices rise again across the country; petrol at Rs 102/ltr in Mumbai
The common man continues to face the heat from rising fuel prices as oil marketing companies once again decided to pass on the rise in global oil rates to consumers on Friday. Accordingly, retail price of petrol and diesel got dearer by 29 paisa per litre and 28 paisa per litre to touch new high […]
Despite uncertainties, OPEC sticks to forecast of oil demand surge in second half
OPEC stuck to its prediction of a strong world oil demand recovery in 2021 led by the United States and China despite uncertainties stemming from the pandemic, pointing to a need for more oil from the producer group. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said demand would rise […]
Coal India hits 52-week high, regains Rs 1 trillion market cap
Shares of Coal India hit a 52-week high of Rs 164.45 as they rallied 5 per cent on the BSE in intra-day trade on Friday amid expectations of improvement in earnings going forward. The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021. In the past two […]
China to overtake Japan as world’s top LNG buyer in weeks, ICIS says
China’s rising imports of liquefied natural gas (LNG) position it to surpass Japan this year as the world’s largest buyer of the superchilled fuel, pricing data and cargo tracking firm ICIS Edge said on Wednesday. The shift – which some analysts had not expected until 2022 – could happen very soon on a 12-month rolling […]
Australia government needs to help coal-fired power – Alinta CEO
The Australian government needs to help fund coal-fired power producers because finance and insurance for coal plants is becoming unaffordable or too hard to secure, power producer Alinta Energy’s head said on Thursday. The issue is coming to a head as investors and activists pressure banks and insurers to stop backing coal-fired plants while the […]
2 road projects for Kangra approved
The Central Government has approved two major road projects for the Kangra region. The roads will be constructed or upgraded under the Central Road Infrastructure Fund (CRIF). Addressing mediapersons here today, Vipan Parmar, Assembly Speaker, said that Rs 21.03 crore had been released for the widening of the Paror-Dheera Nora road. He said the government […]
Potholes irk Rohtak residents
Residents led by Hemant Bakshi president, Rohtak Social Welfare Society, today submitted a memorandum to Deputy Commissioner Manoj Kumar and raised the issue of potholes on main roads in the city. They demanded that the roads be repaired as soon as possible as these had led to many road mishaps. “All outer roads in the […]
Rs 1,100 cr projects launched in Haryana
Chief Minister Manohar Lal Khattar today inaugurated and laid the foundation stones of several projects in 16 districts during a state-level programme held through video-conferencing from here.