Renewable energy sources like solar and wind power are widely regarded as the panacea to solve the world’s looming climate change crisis. But not so fast, experts say. Concerns are mounting that rapid scaling up of such technologies could prompt a resource crunch, trigger serious reliability issues and worse, lead to power blackouts if the […]
Day: June 11, 2021
IATA says ‘travel pass’ app to go live in weeks
The head of global airline body IATA said on Thursday a digital travel pass for Covid-19 test results and vaccine certifications would go live in the coming weeks following a testing phase. The mobile application, which has been tested by some airlines, was originally designed to facilitate passenger screening at the airport check-in and aircraft […]
Covid-19: Private airports seek urgent relief from government
India’s private airports have sought urgent relief from the government for sustaining operations and save jobs as they struggle to remain afloat in the ongoing Covid-19 pandemic. “Airports are not generating sufficient cash flows to sustain operations, and meet debt obligations. Poor cash flows and consequently downgraded credit ratings have made it impossible for airports […]
Crude oil futures rise on spot demand
NEW DELHI: Crude oil prices rose Rs 17 to Rs 5,107 per barrel on Thursday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 17, or 0.33 per cent, at Rs 5,107 per barrel in 9,306 lots. Analysts said […]
HAL badly hit by the Covid-19 second wave
The Covid-19 second wave has not spared the city’s defence PSUs, with Hindustan Aeronautics Limited (HAL), saying that it has suffered the deaths of 100 employees since the surge began this March. In a statement, a company spokesperson said that the 100 fatalities had transpired at the firm’s branches across India, with another 4,000 people […]
Oil hits two-year highs on rising demand expectations
NEW YORK: Oil NSE 1.96 % prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for strong economic demand after new US unemployment claims fell to their lowest since the country’s first wave of COVID-19 last year. The market shook off a brief plunge after media reports […]
OPEC sticks to forecast of oil demand surge in second half of 2021
LONDON: OPEC stuck to its prediction of a strong world oil demand recovery in 2021 led by the United States and China, although it cited uncertainties around the path of the pandemic. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said demand would rise by 5.95 million barrels per day […]
HPCL declines 0.77% as Sensex climbs
Shares of Hindustan Petroleum Corporation Ltd. traded at Rs 298.0 on BSE at 01:33PM (IST) on Thursday, down 0.77 per cent from previous close. The stock quoted a 52-week low price of Rs 163.3 and a high of Rs 309.3. Earlier, the stock saw a gap up opening in the morning.
IGL shares rise 1.29% as Nifty gains
Shares of Indraprastha Gas Ltd. traded 1.29 per cent up at Rs 544.45 on Friday at around 10:48AM (IST), while the benchmark BSE Sensex advanced 301.75 points to 52602.22. As many as 43,268 shares changed hands on the counter with a total value of Rs 2.35 crore. The stock quoted a 52-week high price of […]
GAIL shares rise 0.18 per cent in Friday’s trading session
Shares of GAIL NSE -0.37 % (India) Ltd. rose 0.18 per cent to Rs 163.75 in Friday’s trade as of 11:14AM (IST) even as the benchmark Nifty ruled at 15814.45, up 76.7 points. The scrip had closed at Rs 163.45 in the previous session. The stock quoted a 52-week low of Rs 81.25 and a […]
HPCL shares gain 0.32% as Sensex rises
Shares of Hindustan Petroleum Corporation Ltd. traded 0.32 per cent up at Rs 299.2 at 11:20AM (IST) on Friday, even as BSE benchmark Sensex gained 240.64 points to 52541.11. The stock had settled at Rs 298.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 309.3 and Rs 163.3, […]
NHPC March quarter profit rises 80% to Rs 464 cr
NEW DELHI: State-owned hydro power giant NHPC NSE -2.40 % on Thursday reported nearly 80 per cent jump in its consolidated net profit to Rs 464.60 crore for the March 2021 quarter. Its consolidated net profit had stood at Rs 258.83 crore in the quarter ended on March 31, 2020, a BSE filing said. Total […]