Indian full-service air carrier Vistara said on Monday it was confident of receiving its last 787 wide-body jet from Boeing by March or April, despite a recent incident on a narrow-body 737 MAX 9 that lost part of the fuselage. “We will hit fleet of size of 70 aircraft by March or April 2024,” Vistara […]
Day: January 8, 2024
UltraTech introduces electric trucks to boost green mobility
Giving a significant boost to ‘green mobility’, UltraTech Cement Limited, India’s largest cement and Ready-Mix Concrete (RMC) company, has introduced electric trucks for the transport of clinker. Clinker is a material made from limestone and minerals that have been heated and transformed in a kiln. It is a key ingredient in cement production and is […]
India’s oil, gas industry have grown leaps and bounds: PM Narendra Modi
Prime Minister Narendra Modi on Monday said that oil production from India’s state-controlled Oil and Natural Gas Corporation’s (ONGC) flagship deep-water project in the Krishna Godavari basin is a remarkable step in the country’s energy journey. PM Modi also said that the development will boost the mission of a self-reliant India. “This is a remarkable […]
India’s ONGC sees oil production rise 11% after east coast block starts output
India’s Oil and Natural Gas Corp (ONGC) said on Monday it expected total oil output to climb 11% after its project off the country’s east coast started producing oil. The project will also likely increase ONGC’s gas output by 15%, the company added. The state-run company sees production from the rest of the oil and […]
Hyundai announces Rs 6,180 crore investment in Tamil Nadu
Hyundai Motor India Ltd on Monday said it will invest Rs 6,180 crore on various initiatives, including establishing a hydrogen resource centre, in Tamil Nadu. The fresh investment by the automaker is in addition to the Rs 20,000 crore it plans to deploy over a period of ten years (2023- 2032) to augment its efforts […]
Delhi Airport wins arbitration against AAI, secures refund & payment waiver
In a recent arbitration ruling, Delhi Airport, under the ownership of GMR Group, has won a dispute with the state-owned Airport Authority of India (AAI) regarding revenue sharing during the Covid-19 period, according to a report by The Economic Times (ET). The tribunal’s decision favoured the airport, outlining specific directives that entail a refund of […]
Adani Green Energy announces redemption plan for $750 million Holdco bond
Adani Green Energy Limited (AGEL) has announced a plan to fully redeem its $750 million bond due in September to help bolster investor confidence following recent market challenges through a filing on the exchanges on Friday. The outstanding amounts of these notes will be entirely secured through cash balances set aside in various reserve accounts, […]
Action on energy demand can save global economy USD 2 trillion a year: WEF
A set of business actions aimed at reducing the intensity of energy demand can unlock annual savings of at least USD 2 trillion a year for the global economy if measures are taken by the end of this decade, a new WEF study showed on Monday. These targeted practical actions can also boost growth and […]
EV firm to invest $2 bn, create 3,000 jobs in TN
CHENNAI: VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, will be investing US $2 billion over five years to set up the company’s integrated EV facility in Thoothukudi, which will generate 3,000 to 3,500 jobs. An MoU to this effect was announced on Saturday. This will be one of the largest investments in Tamil Nadu in […]
Chennai loco pilot freed in 2011 accident case
CHENNAI: The Madras High Court has set aside a Vellore district court order that convicted a loco pilot for a 2011 train accident in which 12 people died and 70 others were injured. The accident took place on September 13, 2011, when a train plying from Chennai beach to Vellore collided with a train plying […]
Chennai-B’luru double-decker express to get second-class coaches
CHENNAI: The Chennai-Bengaluru double-decker express will get five second-class sitting reserved coaches from February 15 onwards. The tickets will be priced at `140 for an end-to-end journey, as per a Southern Railway order dated January 5. With this, the number of AC double-decker chair car coaches will be reduced from 10 to eight. The train […]
Tamil Nadu: Police identify 39 black spots on Kovai rural roads
COIMBATORE: The Coimbatore District (Rural) police have identified 39 road stretches across its jurisdiction as accident-prone areas. The assessment was carried out on the basis of accidents and the casualties reported in 2023. Based on the findings, the police department has made efforts to reduce accidents through short-term engineering measures through the stakeholders departments of […]