I remember a time not too long ago when my peers and I were passionately making the case for climate change and championing renewable energy. It seemed like an unending battle and at times it got frustratingly difficult to make the world see what was obviously happening all around us. But we kept on, fighting […]
Day: June 15, 2021
A bird stands in the way of India’s green goals
Pity the great Indian bustard. The majestic, endangered bird is massive, making it slow to maneuver in flight. It has poor frontal vision, and an unfortunate habit of scanning the earth while flying across the flat grasslands of India’s western borders. That combination too often sets it on a fatal collision course with power lines. […]
After Mumbai, Hyderabad sees Rs 100/litre petrol after price hiked again
Hyderabad on Monday became the second metro city in the country to see petrol price crossing Rs 100 per litre mark after fuel prices were raised yet again. Petrol price was hiked by 29 paise per litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. The hike — 24th […]
ONGC Videsh plans to raise $525 million to redeem bonds set to mature soon
ONGC NSE 2.44 % Videsh is in the process of raising $525 million in foreign currency loans from a mix of domestic and foreign lenders to repay bonds maturing next month, according to people with knowledge of the matter. ONGC Videsh, the overseas arm of the state-run explorer Oil and Natural Gas Corp, is in […]
New rule: Additional borrowing space only if states agree to take over discoms’ future losses
States will have to agree to take over the future losses of state power distribution companies in a graded manner to be eligible for additional borrowing space of 0.50% of GSDP for four years. In case the states commit but fail, the losses not taken over will be treated as state’ fiscal deficit and their […]
Efforts on to revamp Dibang Multi-purpose project, lower Demwe project: Arunachal’s Deputy CM
Arunachal Pradesh’s Deputy Chief Minister and Minister-in-Charge Power Chowna Mein said that efforts are also on to revamp the development of Dibang Multi-Purpose Project and Lower Demwe Project. Mein had a meeting with Chief Managing Director, North Eastern Electric Power Corporation Limited (NEEPCO) V K Singh regarding the Joint Venture Agreement between NEEPCO and Hydro-Power […]
Petrol price crosses Rs 100/litre in Hyderabad after fuel rates hike
Hyderabad on Monday became the second metro city in the country to see petrol price crossing Rs 100 per litre mark after fuel prices were raised yet again. Petrol price was hiked by 29 paise per litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. The hike — 24th […]
Vedanta to pay salary till retirement age to families of employees dying of Covid
Metal-to-oil conglomerate Vedanta will families of any of its employees dying of Covid, the last drawn fixed salary till the notional date of retirement as it expanded its pandemic cover for its employees, their families, and business partners. It announced an ex gratia payment of Rs 10 lakh each to the families of the deceased […]
Oil rises as threat of immediate supply from Iran recedes
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent crude was up by 43 cents, or 0.6 per cent, at $73.29 a […]
Tesla will accept Bitcoin when miners use more clean energy, says Musk
Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50 per cent) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a […]
BHEL shares tumble 19% after quarterly earnings
Shares of engineering firm BHEL tumbled 19 per cent on Monday after the company’s consolidated net loss widened to Rs 2,699.70 crore in the financial year 2020-21. The stock declined 17.91 per cent to Rs 62.55 on the BSE. At the NSE, it tanked 19 per cent to Rs 61.65. The earnings were announced post […]
Assam power cos see monthly revenue loss of Rs 300 cr due to defaults, theft
Assam is incurring a revenue loss of about Rs 300 crore every month due to non-payment of electricity bills or power theft by “unscrupulous” consumers. Chief Minister Himanta Biswa Sarma said this after reviewing the functioning of three government-run power companies — Assam Power Distribution Company Limited (APDCL), Assam Power Generation Corporation Limited (APGCL) and […]