Vistara on Thursday announced a 48-hour sale on all classes of its flights for travel between August 1 and October 12. The airline — which runs flights in economy, premium economy and business class configurations — said in a press release that the sale would end on 11:59 PM on Friday. During April and May, […]
Day: June 24, 2021
US bans imports of solar panel material from Chinese company
The Biden administration on Wednesday ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labor allegations, said two sources briefed on the matter. The XPCC, a paramilitary organization sent to Xinjiang in the 1950s to build farms and settlements, remains powerful in the region’s […]
Singapore files 105 new charges against oil trader Hin Leong founder OK Lim
Singapore’s public prosecutor on Thursday filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, relating to $2.23 billion in fraudulent disbursements. Hin Leong, one of Asia’s largest oil traders, was wound up in March after failing to restructure some $4 billion in debt […]
Odisha coal block to provide fuel security, strengthen aluminium operations: Vedanta
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 was put […]
Middle East’s share of India’s oil imports hits 25-month low
The share of Middle Eastern crude in India’s oil imports fell to a 25-month low in May, tanker data provided by trade sources showed, as refiners tapped alternatives in response to the government’s call to diversify supplies. India, the world’s third biggest oil importer, in March directed refiners to diversify crude sources after the Organization […]
India refiners’ May crude processing skids to 7-month low on gloomy demand
Indian refiners’ crude throughput slipped to its lowest level in seven months in May as a raging second wave of coronavirus drove a slump in domestic fuel demand and crude imports, government data showed on Tuesday. Refiners processed about 4.5 million barrels per day (bpd) or 18.97 million tonnes of oil last month, data from […]
Essar Power Hazira net zooms 113 pc to Rs 128 cr in FY21
Essar Power arm Essar Power Hazira has posted a 113 per cent rise in its net profit at Rs 128.63 crore for the financial year ended March 31, 2021. Essar Power Hazira had posted a net profit of Rs 60.44 crore in fiscal year 2019-20, according to a company statement. The total income of the […]
Delhi yet to meet its 2022 solar power target, 7 per cent achieved so far
Delhi is well behind its 2022 solar power target of 2,762MW of installed solar panels, having met an abysmal 7 per cent of the target so far. The analysis by the Centre for Science and Environment as part of its State of India’s Environment 2021 report says this is also significantly behind the national average […]
Coal transportation and not production causes maximum damage to the envt: Coal India Chairman Pramod Agarwal
Coal transportation and evacuation cause more damage to the environment as compared to its production, Coal India Chairman and Managing Director Pramod Agarwal has said. Agarwal, while speaking at the Economic Times Energy leadership Summit, said that as far as the environmental impact of coal usage is concerned, it is the consumption of coal which […]
Assam CM requests PM Modi to transfer all assets of ONGC in the North East to Oil India
Assam chief minister Himanta Biswa Sarma has written to PM Narendra Modi requesting him to consider transferring all the assets of ONGC in the north eastern Region to Oil India Limited. The move comes amid petroleum ministry’s directives to the former to sell stake in producing oil fields and hive off drilling and other services […]
Air India to resume flight operations from UAE June 24 onwards
India’s national carrier Air India will resume its flight operations from UAE Thursday onwards, weeks after the nation had suspended incoming flights from India due to the surge in coronavirus cases, an official statement said on Wednesday. “Effective June 24, 2021 (10:00am) all Air India flights will operate from Terminal-1 of Dubai International Airport (DXB). […]
Adani’s Australian business Bravus strikes coal at Carmichael project
AdGroup’s Australian business re-branded as Bravus said on Thursday it has struck coal and exposed the first of coal seams at Carmichael project in Queensland. Bravus Mining and Resources CEO David Boshoff said it was an exciting day for 2,600-plus people on the project, a day that has been in the making for over a […]