Triton Electric Vehicle Pvt Ltd on Thursday entered into a MoU with the Telangana government for setting up a manufacturing unit for electric vehicles at the National Investment & Manufacturing Zone at Zaheerabad. Principal Secretary for IT and Industries Jayesh Ranjan and Triton Electric Vehicle Pvt Ltd India development head M Mansoor signed the MoU […]
Day: June 25, 2021
Tamil Nadu power sector companies incurred Rs 13,000 Cr loss: CAG
Increased power purchase, coal handling, financing and employee costs has resulted in the five Tamil Nadu state power sector companies incurring a loss of about Rs 13,176 crore, said the Comptroller and Auditor General (CAG) in its report for 2018-19. According to the report tabled in the Assembly the Tamil Nadu Generation and Distribution Corporation […]
State-owned ONGC reports Q4 profit at Rs 6,734 crore on high realisation
State-owned Oil and Natural Gas Corporation (ONGC) has reported a profit after tax at Rs 6,734 crore for the January to March quarter as compared to a loss of Rs 3,214 crore in the year-ago period. However, for the whole financial year FY21, profit after tax was down 16 per cent to Rs 11,246 crore […]
PTC board approves acquisition of consulting biz of IL&FS Energy Development Co
PTC India said its board on Thursday approved the acquisition of the energy consulting business of IL&FS Energy Development Company. However, it did not disclose the value of the deal. “PTC India Limited’s Board in its meeting held on 24th June, 2021 has approved a Letter of Intent (LoI) dated 17th June 2021, for acquisition […]
Oil climbs as draw in US crude stocks boosts optimism about demand
Oil prices climbed on Thursday after a sharp drawdown in US crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand and on doubts about the future of the 2015 Iran nuclear deal that could end US sanctions on Iranian crude exports. Brent crude futures rose 9 cents, or 0.1%, to $75.28 […]
Goa: Mormugao to get two more biogas plants
Mormugao Municipal Council (MMC) plans to generate more electricity from treating wet waste after the successful trial of the bio-methanation plant installed by BITS-Pilani in 2019. The municipality has now decided to tender work for two more biogas plants which are likely to be set up in the next six months. MMC chairperson Damodar Kaskar […]
China ferrous futures rise, coking coal and coke set for weekly gains
Chinese steelmaking ingredients and other ferrous futures rose on Friday, with coking coal and coke both on course for a more than 5% weekly gain against the backdrop of strong demand at mills and supply tightness. The most-traded coking coal futures on the Dalian Commodity Exchange, for September delivery, inched up 0.3% to 2,056 yuan […]
Air India plane flies to Dubai from Amritsar with just 1 passenger
UAE-based Indian businessman S P Singh Oberoi was pleasantly surprised to have the whole plane to himself when he boarded Air India’s flight from Amritsar to Dubai with an economy-class ticket in hand. Oberoi, who holds a golden visa that allows 10-year long residency in the UAE, was the sole passenger on the national carrier’s […]
Adani group to begin coal export from Australia mine this year
The Adani group will export first coal from its Australian mining project this year, riding out a series of lawsuits and public litigation initiated by environmental activists. The group’s Australian business arm Bravus Mining & Resources on Thursday said it has exposed the first of the coal seams for mining at the Carmichael mine in […]
Power cut in parts of Chennai on June 25, here’s the full list of areas
CHENNAI: To facilitate maintenance work, power supply will be suspended in parts of Chennai between 9 am and 1 pm on Friday (June 25). Supply will be restored ahead of 1 pm if the work is completed, said Tangedco in a statement. The full list of areas, where power will be suspended, is as follows:
Petrol nears Rs 99 per litre-mark in Chennai after fuel rates see another hike
NEW DELHI: Petrol price in Chennai neared the Rs 99-a-litre mark on Thursday after fuel prices were increased again on firming international oil rates. The price of petrol was hiked by 26 paise per litre and that of diesel by 27 paise a litre, according to a price notification of state-owned fuel retailers. The increase […]
Most people keen to travel this year post unlock: Joint survey by Thomas Cook India and SOTC
NEW DELHI: A majority of people have shown keen interest to travel this year after easing of lockdown restrictions, with 69 percent respondents keen to resume travel in 2021 and 31 percent in 2022, according to a joint survey by travel service providers Thomas Cook India and SOTC. The survey was conducted this month by […]