The government will auction unmonetised large oil NSE 2.03 % and gas fields of state-owned ONGC and OIL to boost the country’s hydrocarbon production, Petroleum Minister Dharmendra Pradhan said on Thursday. Speaking on the launch of the third round of auction of small discovered fields, he said companies cannot indefinitely sit on resources they may […]
Day: June 11, 2021
Tata Power arm CGPL raises Rs 570 crore via NCDs
NEW DELHI: Tata Power NSE -1.61 % on Thursday said its wholly-owned subsidiary CGPL has raised Rs 570 crore through issuance of non-convertible debentures (NCDs). “Coastal Gujarat Power Limited (CGPL)… has successfully issued and allotted unsecured, rated, listed, taxable, guaranteed, redeemable NCDs for an amount of Rs 570 crore on private placement basis issued for […]
PGCIL board to consider bonus shares issuance on June 17
NEW DELHI: State-run Power Grid Corporation of India Ltd NSE 1.51 % (PGCIL) on Thursday said its board will consider a proposal to issue bonus shares to its shareholders in a meeting scheduled on June 17. “A meeting of the board of directors of the company will be held on Thursday, 17th June, 2021 through […]
Meghalaya mine: Rescuers wait for water level to drop more; 5 trapped for 11 days
The water level inside an illegal coal mine where five miners remain trapped for the past 11 days in Meghalaya’s East Jaintia Hills district has come down to an extent, but that is not enough for the rescuers to start operations inside, an official said on Thursday. He said that the dewatering process is on […]
Petrol and diesel prices in your city today, check here
Petrol and diesel price today: A day after hitting new record highs on Wednesday, petrol and diesel prices were steady across the country on Thursday, June 10, 2021. The auto fuel prices had touched record highs on June 9, when petrol and diesel rose by 25 paise per litre each in the national capital. The […]
As second wave shut states, fuel consumption down 25% since March
SIGNALLING the impact of the second wave of Covid infections on the economy, with most states putting in place stringent curbs on movement, the consumption of fuel — diesel, petrol and aviation fuel — fell by 25 per cent from March, the month before the surge, to May, official figures show. During the same period, […]
Pradhan calls for monetisation of undeveloped ONGC, OIL fields
Union Petroleum Minister Dharmendra Pradhan on Thursday called out state-owned upstream oil and gas companies ONGC and OIL for not monetising oil and gas fields for long periods and said the government would look into methods to monetise such resources at the earliest. “If a company has come into possession of a resource through a […]
Adani tweaks his airport playbook, sets in motion next big plan
Gautam Adani, India’s second richest person, has set in motion his next big plan. According to various media reports, preparations have begun for a Rs 25,500-29,200 crore IPO of Adani Airports Holdings as part of a plan to separate the group’s airport business from the holding company. The new development is being seen as the […]
Casual labourer tries to rescue pigeon trapped in electric wire, dies: Gujarat Police
A 45-YEAR-OLD casual labourer was electrocuted while trying to rescue a pigeon trapped in an electric cable in Malpur village of Gujarat’s Arvalli district bordering Rajasthan on Thursday, police said. According to police, the victim Dilip Vaghela, a resident of Pandyavas area in Malpur village in Arvalli district, saw the pigeon trapped in an electricity […]
Technology enabled us to double down on customer service through the pandemic: Ashish Vikram, SpiceJet
India’s largest cargo airline and leading budget carrier SpiceJet NSE -0.06 % is no stranger to thriving in the face of adversity. The decade-and-half old company came back from the brink of collapse in 2014 to chart one of the country’s most successful aviation stories. Chairman and Managing Director Ajay Singh who led this turnaround […]
Indigo Airlines extends suspension of operation from Shillong Airport till June 30
Indigo Airlines has extended the suspension of its operations from Shillong Airport till June 30, Airport officials said here on Thursday. Indigo Airlines used to operate daily flights to Kolkata, Silchar and Agartala from Shillong. “It is hereby informed that M/s. Indigo Airlines @IndiGo6E has extended suspension of their #Shillong operations upto 30th June, 2021. […]
PMC to explore cost saving measures to reduce increasing expenditure on power for civic infra
To reduce the increasing expenditure on electricity for civic infrastructure, the PMC has decided to explore different cost saving measures pertaining to procuring electricity through open access power purchase for its various facilities. The PMC looks after facilities such as water treatment, water supply and its pumping station, sewage treatment and its pumping station, road […]