Nebula Energy LLC has acquired a majority stake in AG&P LNG, a key player in the liquefied natural gas (LNG) terminals and infrastructure sector, marking a significant step in the expansion of LNG networks in Asia, the company said in a statement. AG&P LNG, with this new partnership, is set to enhance its LNG terminal […]
Month: January 2024
India’s renewable energy capacity reaches 188 GW, aims for 50% non-fossil fuel power by 2030: President Murmu
India has achieved a significant milestone in its renewable energy capacity, reaching 188 Gigawatts, up from 81 Gigawatts a decade ago, President Droupadi Murmu said in her address to the joint session of the Lok Sabha and Rajya Sabha. The announcement comes ahead of the Union Budget 2024-25 presentation by Finance Minister Nirmala Sitharaman. President […]
BPCL vows up to Rs 1.7 lakh crore capex investment in 5 years; shares jump 5%
Shares of Bharat Petroleum Corporation (BPCL) jumped over 5% to hit a 52-week high of Rs 517.85 on the NSE on Tuesday, extending its gains to the second session and up to 9% following the fuel retailer’s December quarter earnings on Monday during market hours. The stock rallied following its post-earnings conference call held on […]
Flying start for first-timers taking to skies
India recorded about 30 million first-time fliers in 2023, a development that industry executives and experts attributed to factors such as increasing personal income levels, a host of new airports and routes, and growing popularity of short holidays.
Last date to update FASTag KYC today: Is your FASTag KYC incomplete? Check here
Aiming to deter users from using a single FASTag for numerous cars or tying many FASTags to a single vehicle, the National Highways Authority of India (NHAI) launched the “One Vehicle, One FASTag” programme to improve the effectiveness of the Electronic Toll Collection system and facilitate smooth flow at the Toll Plazas. When will your […]
Oil ticks down in Asian trade despite rising Middle East tensions
BEIJING – Oil prices edged off in early Asian trading on Wednesday on continued bearish fundamentals, following gains in the previous session amid an escalating conflict in the Middle East. The March Brent crude futures, which expires today, fell 37 cents to $82.50 a barrel by 0146 GMT. The more actively-traded April contract fell 24 […]
SBI to down-sell half of ₹11,000 crore loan to Adani’s Ganga Expressway project
More than a year after disbursing loans to Adani Group’s Ganga Expressway project, State Bank of India (SBI) is in the process of downselling half of the nearly ₹11,000-crore loan exposure to the longest tolled road-project in the country.
National highways network in MP will be equivalent to that of US network by 2024-end: Nitin Gadkari
Union minister Nitin Gadkari on Tuesday said the national highways network in Madhya Pradesh will be equivalent to that of the US by the end of 2024. Gadkari also said the Road Transport and Highways ministry is exploring the field of ropeway and cable cars, and 27 ropeways will come up in MP.
Will share infra planning tool PM GatiShakti with neighbouring countries: DPIIT Secretary
India will share the PM GatiShakti initiative with some of the neighbouring countries free of cost as the infrastructure planning tool is helping in effective planning and implementation of projects, a top government official said on Tuesday. The initiative was launched to develop an integrated infrastructure to reduce logistics costs.
Jet Air bid winners approach SC with new payment plan
New Delhi | Mumbai: Jalan-Kalrock Consortium (JKC), the successful resolution applicant for Jet Airways, has urged the Supreme Court to allow it to replace a ₹150-crore performance bank guarantee with a new instrument. The consortium in its petition told the court that following the release of the bank guarantee by the lenders, led by State […]
Pay $4 m to lessors by Feb 15: HC to SpiceJet
New Delhi: In a stern warning to SpiceJet for failing to pay its dues, the Delhi High Court on Monday asked the low-cost airline to pay its engine lessors – Team France and Sunbird France – $4 million by February 15. If the airline does not pay the amount, the court will be constrained to […]
DGCA to investigate incident of IndiGo aircraft taking off without clearance from air traffic control
The civil aviation regulator is investigating an incident where an IndiGo aircraft operating from Delhi to Baku took off without necessary clearance from the air traffic controller.