HYDERABAD: TS Transco and Genco CMD Devulapalli Prabhakar Rao on Tuesday said that power utilities are ready to overcome the monsoon challenges. Prabhakar Rao, along with TSSPDCL CMD G Raghuma Reddy, conducted a review meeting on ensuring uninterrupted power supply during the current monsoon season.
Day: June 23, 2021
Tamil Nadu minister says squirrels running on power cables led to outages, gets trolled
CHENNAI: Tamil Nadu Electricity Minister V Senthil Balaji was on Tuesday trolled for his remark that frequent power outages in the state were caused by squirrels running on power lines. Squirrels which managed to climb the power cables and run on them result in frequent power outages, he claimed.
Heated debate in Assembly over TASMAC, and TN’s ‘power surplus’ claim
CHENNAI: Heated arguments were exchanged in the Assembly on Tuesday between DMK ministers and AIADMK MLAs over the opening of TASMAC outlets and the former AIADMK government’s claim of Tamil Nadu being a power-surplus State. AIADMK member S Ravi charged that power cuts were rampant in the State at present, though the previous AIADMK government […]
Manholes or speed breakers? Commuters in Hyderabad ask civic body
HYDERABAD: The manholes, which are supposed to be access points for stormwater drains and sewers, are turning out to be speed breakers for commuters across the Greater Hyderabad Municipal Corporation (GHMC) limits as they are facing severe inconvenience while passing through broken or open manholes. Several manholes in the city are either broken, under-repair or […]
Jet Airways shares gain 5 percent; hit upper circuit limit
NEW DELHI: Shares of Jet Airways on Tuesday jumped 5 percent after the National Company Law Tribunal (NCLT) approved Jalan Kalrock Consortium’s resolution plan for the bankrupt firm. The stock climbed 4.96 percent to Rs 99.45 — its upper circuit limit — on the BSE.
India’s crude output slips 6.3% in May, gas production jumps
NEW DELHI: India’s crude oil output fell 6.3 percent in May after state-owned ONGC produced nearly a tenth less due to cyclone ‘Tauktae’, government data showed on Tuesday. Crude oil production at 2.43 million tonne in May was 6.32 percent lower than 2.
Hope to see Jet Airways flying again by year end, says airline’s resolution professional
MUMBAI: Describing the NCLT nod for resolution plan of Jet Airways as one of the biggest turnaround events for the beleaguered aviation sector, the airline’s Resolution Professional Ashish Chhawchharia on Tuesday hoped that the carrier will be back in the skies by the end of this year provided everything goes well. After being shuttered for […]
Analysts ring the warning bell for USD 100 per barrel oil
CHENNAI: The troubles for the Union government, which is under immense pressure to cut taxes on petroleum products, may increase further since steadily improving prospects for the global economy and their expected impact on global crude oil prices have led industry analysts to ring the warning bell for the return of $100 per barrel oil. […]
Odisha coal block to provide fuel security, strengthen aluminium operations: Vedanta
NEW DELHI: Vedanta Ltd on Tuesday said the coal block in Odisha allotted to it, once operational, will provide fuel security, improve power availability and further strengthen the company’s aluminium operations. The statement came soon after Vedanta emerged as the successful bidder for the Kuraloi (A) North coal block located in Jharsuguda district, Odisha which […]
After Rajasthan, diesel prices cross Rs 100-per-litre mark in Odisha
NEW DELHI: After Rajasthan, diesel prices have crossed Rs 100-per-litre mark in Odisha after fuel prices were hiked again. According to a price notification of state-owned fuel retailers., the price of petrol was hiked by 28 paise per litre and diesel by 26 paise,
‘Jet Airways is back’: NCLT clears Jalan Kalrock Consortium’s resolution plan for airlines
NEW DELHI: The National Company Law Tribunal (NCLT) has given approval to the Kalrock Capital and Murari Lal Jalan consortium’s bid for Jet Airways, eight months after the lenders had given a go ahead to its resolution plan. According to the resolution plan of Kalrock Capital and UAE-based NRI Murari Lal Jalan, which was approved […]
Urban Air Mobility is the future! UAM to enable quick getaways, domestic tourism: Amit Dutta, MD, BLADE India
Urban Air Mobility (UAM) leverages the sky to better link people to cities and regions, giving them more possibilities to connect. As urban transport heads into the sky, sustainable development of cities becomes efficient and loved ones are no longer quite so far away. Realizing the relevance of UAMs especially in congested urban spaces in […]