OPEC+ is discussing a further gradual increase in oil output from August as oil prices rise on demand recovery, but no decision had been taken on the exact volume yet, two OPEC+ sources familiar with the talks said on Tuesday. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is returning 2.1 […]
Day: June 23, 2021
Oil minister Pradhan inaugurates KIOCL projects in Karnataka
Union Minister for Steel and Petroleum and Natural Gas Dharmendra Pradhan on Tuesday inaugurated several important projects taken up by the public sector unit KIOCL in Karnataka. These included an oxygen generator plant, 50 beds at government hospitals, 5 MW solar power plant, and barrel type Blender Reclaimer. Speaking on the occasion, Pradhan said that […]
IndiGo to offer discount of 10% to vaccinated customers starting today
The country’s largest domestic airline, IndiGo, will offer a 10 per cent discount to vaccinated customers. Customers who have been administered either one or both Coronavirus (Covid-19) vaccine doses can avail a discount of upto 10 per cent on the base fare while booking from Wednesday, the airline announced today. The offer is only available […]
India to host 9th Asian Ministerial Energy Roundtable next year
India has agreed to host the 9th Asian Ministerial Energy Roundtable (AMER9) next year, the International Energy Forum (IEF) said on Tuesday. The 9th Asian Ministerial Energy Roundtable, dates of which will be announced later, will take forward the understandings reached in the previous meeting in Abu Dhabi during 2018, which was co-hosted by India. […]
Gujarat govt announces policy to promote electric vehicles
Gujarat Chief Minister Vijay Rupani on Tuesday announced the ‘Gujarat Electric Vehicle Policy 2021’ which, according to him, has been designed to see at least two lakh electric vehicles on the state roads in the next four years. To encourage people to turn to e-vehicles, the state government would provide subsidies ranging from Rs 20,000 […]
Govt, industry need to ensure regulations don’t hamper investment: Power Secy
The government and industry must work together to ensure existing regulations are not unnecessary barriers to investment, Union Power Secretary Alok Kumar said on Tuesday. He was speaking at a virtual two-day BRICS Green Hydrogen Summit, anchored by state-run power giant NTPC. “Government and industry must work together to ensure existing regulations are not an […]
GE Power India posts 8 per cent rise in March quarter profit to Rs 16 cr
GE Power India on Tuesday posted a nearly 8 per cent increase in consolidated net profit to Rs 16.02 crore for the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 14.87 crore in the same quarter of the previous fiscal, it said in a […]
China vows to retaliate if US bans import of solar panel material from Xinjiang
China on Tuesday vowed to retaliate if the United States bans the import of a critical solar panel material from Xinjiang. According to a report in Politico, the Biden administration is mulling to ban the import of solar panel material–polysilicon– from the region, where the Chinese government has been accused of committing genocide against the […]
Actis to buy Fortum’s 500 MW solar power plants in India
Actis, the global infrastructure investment firm, has acquired 500 MW Indian assets of Finland based solar power producer Fortum. Fortum has signed an agreement to divest the 250-MW Pavagada II and the 250-MW Rajasthan solar power plants in India, said a company statement. The total consideration from the divestment on a debt and cash-free basis, […]
Key Shimla projects delayed as forest clearances awaited
The work on some major Smart City projects has been badly hit due to pending forest clearances. These projects include the planned lift and escalator at Lakkar Bazaar, escalator to the Jakhu top, smart path from Sanjauli to Indira Gandhi Medical College and Hospital, a vending zone in Khalini, the Krishnanagar-Combermere nullah and the widening […]
No efforts made to check waterlogging on highways
Even after passing of several years, a major problem of waterlogging on national highways that pass through the city has not been resolved before the rainy season this year too. Thus, commuters may suffer again due to waterlogging during the monsoon.
NCLT okays Jet Airways’ revival plan
The National Company Law Tribunal (NCLT) on Tuesday approved the Jalan Kalrock Consortium’s resolution plan for the bankrupt-Jet Airways, two years after the once-storied airline went into insolvency proceedings. Financial distress forced Jet Airways, which flew for more than two decades, to suspend operations on April 17, 2019 and a consortium of lenders, led by […]