The world’s energy and climate future increasingly hinges on whether emerging and developing economies are able to successfully transition to cleaner energy systems, according to a new report by the International Energy Agency (IEA). The special report — carried out in collaboration with the World Bank and the World Economic Forum — sets out a […]
Day: June 14, 2021
Aurangabad needs international airport, convention centre: Niti Aayog CEO
Niti Aayog CEO Amitabh Kant on Saturday said for its overall growth, Maharashtra’s Aurangabad needs an international airport facility and an international convention centre, which will boost tourism and industries in the region. Kant is on a two-day visit to survey the work at Aurangabad Industrial city (AURIC), established under the Delhi Mumbai Industrial Corridor […]
Moody’s downgrades Delhi International Airport ratings to B1 from Ba3
Moody’s Investors Service has downgraded Delhi International Airport Ltd’s (DIAL’s) corporate family rating and senior secured ratings to B1 from Ba3. It has also downgraded DIAL’s baseline credit assessment to b1 from ba3. At the same time, Moody’s has downgraded Cliffton Ltd’s senior secured bond rating to B1 from Ba3. The outlook on the ratings […]
Andheri subway flooded as Mumbai continues to witness heavy downpour
Mumbai has been witnessing heavy rainfall for past few days now as the southwest monsoon hit the financial capital of India on June 9. The rains caused flooding and waterlogging in various parts of the city today. On Saturday morning, several areas in Sion East and Andheri subway have been flooded due to the rain. […]
G7 to counter China’s BRI with big infrastructure project: US official
The Group of Seven will seek to rival China’s multi-trillion-dollar Belt and Road initiative on Saturday by announcing a global infrastructure plan to help developing nations, a senior official in U.S. President Joe Biden’s administration said. The G7 is trying to find a coherent response to the growing assertiveness of President Xi Jinping after China’s […]
ED raids residence, office of TRS’ Nama Nageswara in Rs 1,064 cr fraud case
The Enforcement Directorate (ED) on Friday conducted searches here at the residences and offices of the TRS MP Nama Nageswara Rao and the directors of Ranchi Expressway Limited in connection with Rs 1,064 crores bank fraud case, sources said. According to sources, searches were conducted at six locations in Hyderabad. In March 2019, the Central […]
Coal India amends policy, allows export of fuel bought via e-auction
National miner Coal India ltd (CIL), has allowed its buyers from e-auction route to export the coal. CIL has tweaked its e-auction coal sale policy and has lifted the embargo on exporting coal procured through spot e-auction and special spot e-auction outlets Company executives said the move would increase the volume of trade on their […]
CIL pulls restriction on exporting coal procured through two spot auctions
State-owned CIL on Friday said that it has removed the restriction on exporting coal procured through two spot auctions. The development assumes significance as the current inventory of coal behemoth is little over 70 million tonnes (MT). “In a major policy shift, Coal India Ltd (CIL), effective from June 8, paved the way for domestic […]
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 […]
Congress leaders hold symbolic protests against fuel price hike
Congress leaders and party workers on Friday held symbolic protests at petrol pumps in several parts of the city, demanding a complete rollback of fuel price hike. Party leaders K C Venugopal and Shakti Singh Gohil reached the Feroz Shah Kotla Stadium petrol pump on a horse cart. Venugopal said that under the UPA government, […]
Oil prices dip, but head for third weekly rise on demand recovery
Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. Brent crude futures edged down 4 cents, or 0.06%, to $72.48 a barrel to 0658 GMT, […]
Oil prices rise to fresh multi-year highs on fuel demand recovery
Oil prices rose on Friday to fresh multi-year highs and were set for their third weekly jump on expectations of a recovery in fuel demand in the United States, Europe and China as rising vaccination rates lead to an easing of pandemic curbs. Brent crude futures edged up 13 cents to $72.65 a barrel to […]