Oil prices inched higher on Wednesday, extending the previous day’s rally, after industry data showed U.S. crude stocks fell more than expected last week, though a bigger-than-anticipated build in products inventories capped gains. Brent crude futures rose 29 cents, or 0.4%, to $77.88 a barrel at 0138 GMT, while U.S. West Texas Intermediate crude futures […]
Day: January 10, 2024
Indian Oil Corp. shares rise 0.52% as Nifty gains
Shares of Indian Oil Corporation Ltd. traded 0.52 per cent up at Rs 133.4 on Tuesday at around 12:54PM (IST), while the benchmark BSE Sensex advanced 645.09 points to 72000.31. As many as 656,372 shares changed hands on the counter with a total value of Rs 8.75 crore.
Tata Power shares gain 1.32% as Sensex rises
Shares of Tata Power Company Ltd. traded 1.32 per cent higher in Tuesday’s session at 01:14PM (IST). The stock opened at Rs 342.0 and has touched an intraday high and low of Rs 344.85 and Rs 338.2, respectively, during the session so far. The stock quoted a 52-week high of Rs 346.9 and a 52-week […]
Share price of GAIL jumps as Sensex gains 640.33 points
Share price of GAIL (India) Ltd. gained 0.49 per cent to Rs 161.4 at 01:29PM (IST) in Tuesday’s trade. The counter hit a high of Rs 162.7 and low of Rs 159.7 so far during the session. The stock had closed at Rs 160.6 in the previous session. The counter had a total traded volume […]
Tata Power stock price up 1.24 per cent as Sensex climbs
Shares of Tata Power Company Ltd. rose 1.24 per cent to Rs 344.35 at 10:40AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 400,377 shares with a turnover of Rs 13.79 […]
Vistara-Air India merger likely to be completed by mid-2025
The merger of Vistara and Air India is likely to be completed latest by mid-2025 even as all approvals are expected this year. “We believe all the approvals from a legal perspective should come through sometime in the first half of this year. From an operational perspective, we are working with authorities to see how […]
India plans new airport for both military, civilian aircraft operations in Lakshadweep’s Minicoy
Even as India is looking to promote the Lakshadweep islands for tourism, India is now planning to develop a new airfield at the Minicoy Islands there that would be capable of operating military aircraft, including fighter jets, along with commercial ones. “The plan is to have a joint airfield that would be capable of operating […]
Boeing 737MAX saga: Missing washer found in one aircraft, says DGCA
Indian aviation regulator Directorate General of Civil Aviation (DGCA) on Tuesday said that during the inspection of 39 of the under-fire Boeing 737MAX fleet in India, a missing washer was found in one of the aircraft. However, it was rectified as per Boeing’s recommendation prior to the release of this aircraft. “Inspection on the aircraft […]
Vistara to start direct flights to Paris from Mumbai
Full service carrier Vistara on Tuesday said it will launch non-stop flights to Paris from the city from March 28. Flight services on the new route will be operated five times per week with a Boeing 787-9 aircraft, Vistara said in a statement. The Gurugram-headquartered airline, which completed nine years of its operations, currently flies […]
Carlyle Aviation Partners expresses interest in SpiceJet: Report
Carlyle Aviation Partners has reportedly expressed its interest for SpiceJet, Reuters reported on January 9 citing a source-based article by CNBC TV 18. Earlier, in mid 2023, the airline had sought shareholder approval to issue 5.91% stake in the low-cost airline to Carlyle Aviation Partners–the aircraft financing unit of global private equity giant Carlyle Group.
No plan to modify standard mid-cabin doors in its current or future planes: Akasa Air
Akasa Air has no intention to modify the standard mid-cabin door in its aircraft, according to a senior airline executive amid the recent Alaska Airlines incident where in-flight departure of a mid-cabin door plug had resulted in rapid decompression of a Boeing 737-9 Max aircraft. The airline has 22 Boeing 737 Max planes in its […]
Gensol Engineering to invest Rs 2,000 cr for EV plant
Gensol Engineering on Tuesday said it will invest Rs 2,000 crore to set up an EV manufacturing plant in Gujarat. A memorandum of understanding (MoU) to this effect was signed with the Gujarat government as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024. The project will generate around 1,500 jobs in […]