German automaker Volkswagen Group is looking to introduce an entry-level electric sport utility vehicle (SUV) in India by the second-half of this decade, the CEO of its local unit said at an event on Thursday. “We are actively working on an entry-level EV. We are evaluating which VW Group platform can be best adapted to […]
Day: February 2, 2024
Saudi Aramco and Sonatrach raised OSPs for LPG in Feb by 1-2%
Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach have raised February official selling prices (OSPs) for liquefied petroleum gas (LPG) by 1.6-2.0% versus January due to rising oil prices and increased demand, traders said. Aramco’s February OSP for propane was increased by $10 to $630 per metric ton , while its OSP for butane […]
Exxon says investors to withdraw climate proposal from annual shareholder meeting
Exxon Mobil Corp said in a court filing on Thursday activist investors were withdrawing a climate proposal the oil giant sought to block from being voted on during a shareholder meeting in May. Exxon filed a complaint in a Texas court earlier this month seeking to prevent activist investment firm Arjuna Capital and shareholder group […]
Budget: ₹150 crore for biomass collection
Compressed Biogas (CBG) production will get a boost from the financial assistance the government has promised in the budget for the collection of biomass, industry executives said. The inability to collect biomass at an economically viable price has been one of the key reasons holding back the expansion of compressed biogas plants in the country. […]
3 new railway corridors will solve problem of passenger wait list: Railway Minister
The problem of passenger ticket wait list will be over once the three multi-modal economic corridors announced in the interim Budget on Thursday are constructed in another five years, Railway Minister Ashwini Vaishnaw said. In the budget proposals for 2024-25, Finance Minister Nirmala Sitharaman announced the three new major economic railway corridor programmes: energy, mineral […]
Routinely consulting with US Congress members on drone sales to India: Biden administration
WASHINGTON: The US did not comment on a media report that it has put a hold on the proposed sale of 31 armed drones to India under a USD 3 billion deal but said it routinely consults with members of Congress to address any “questions” over the arms transfer process before a formal notification, which […]
US approves selling USD 3.99 billion worth of MQ-9B drones to India
NEW DELHI: The US State Department has approved a sale of MQ-9B remotely piloted aircraft (drone) and related equipment at a cost of USD 3.99 billion. The US Defence Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on Thursday. “This proposed sale will support the foreign policy and national security […]
SpiceJet’s direct flight services commence connecting Ayodhya to eight cities
LUCKNOW: Taking the air connectivity of Ayodhya to the next level, eight direct flights to various destinations across the country became operational on Thursday. The SpiceJet’s direct flight service connecting Ayodhya with eight cities was inaugurated by Union Civil Aviation Minister Jyotiraditya Scindia along with UP CM Yogi Adityanath and Minister of State VK Singh. […]
Work at Silkyara tunnel resumes after 3 months
DEHRADUN: The ongoing construction of the Silkyara tunnel in Uttarakhand’s Uttarkashi district, which suffered partial collapse due to a landslide on Diwali last year and trapped several workers for more than two weeks, has resumed under “strict restrictions”. The 4.5 km-long-tunnel was being built to facilitate traffic on the Chardham yatra route.
Minister Gadkari asks Telangana to fast-track tender process for RRR works
HYDERABAD: Union Road Transport and Highways Minister Nitin Gadkari asked the state government to fast-track tender process for Regional Ring Road (RRR) works. Roads & Buildings Minister Komatireddy Venkat Reddy met Gadkari in Delhi on Thursday to discus various issues related to the state. During the meeting, Venkat Reddy thanked the Union minister for upgrading […]
CM Revanth seeks NDB funds for Hyderabad Metro Rail, other projects
HYDERABAD: Chief Minister A Revanth Reddy on Thursday requested the New Development Bank (NDB) to provide funds for the construction of second phase of Hyderabad Metro Rail project and other infrastructure projects in the state. NDB Director General DJ Pandian called on the chief minister at the Secretariat on Thursday. Speaking on the occasion, Revanth […]
NH66 widening in Kerala will be completed by 2025: PWD Minister Mohammed Riyaz
THIRUVANANTHAPURAM: The widening of National Highway (NH) 66 stretch from Kasaragod to Thiruvananthapuram to 45 metres, will be completed by 2025, PWD Minister P A Mohammed Riyaz informed the Assembly on Thursday. Replying to a question by MV Govindan, Riyaz said it was the resolve of the LDF government that revived the project that was […]