Senior railway service officer Vivek Kumar Gupta took charge as the new head of India’s Bullet train project on Monday. A statement from National High-Speed Rail Corporation Limited (NHSRCL) said Gupta served as the Principal Executive Director (Gati-Shakti) at the Railway Board. In his earlier role, Gupta was responsible for the integrated functioning of Civil […]
Day: February 6, 2024
India’s coal production rises 10 pc in January
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal. India’s coal production was at 90.42 MT in the year-ago period. The coal production in the April-January period rose to 784.11 MT (Provisional) over 698.99 MT during the same period in 2022-23, […]
MG ZS EV’s new base variant launched, costs Rs 4L less; co announces huge price cut of other models too
MG Motor India has introduced a new base variant, called the Executive, of its first electric vehicle, the MG ZS EV. Priced at INR 18.98 lakh, it is almost INR 4 lakh cheaper than the Excite variant, which was priced at INR 22.8 lakh (ex-showroom). The company claims that the price revision is a result […]
EV maker River raises $40 mn in Series B funding from Yamaha Motor and others, working on second electric scooter
Bengaluru-based electric two-wheeler maker River has raised $40 million (Rs 335 crore approx) in Series B led by Yamaha Motor Co. The resources will be utilised to ramp up production, extend distribution network and bring on-road a second product in the next two years, Arvind Mani, CEO & Co-founder, River told ET.
Hindalco buys 26% in renewable energy company to power smelter in Odisha
MUMBAI: Hindalco Industries has bought a 26% stake in renewable energy company Ayana Renewable Power Four for 1.62 crore rupees as it looks to supply its smelter in Odisha with 100 MW of round-the-clock energy. Bengaluru-based Ayana Renewable, which was incorporated in 2019, is majorly owned by National Infrastructure and Investment Fund, and had a […]
India’s crude oil imports from Russia hit 12-month low but long-term appetite remains intact
India’s crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation’s insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India […]
IOC, BPCL, HPCL post Rs 69k cr net profit in Apr-Dec, higher than pre-oil crisis annual earnings
State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd reported bumper profit totalling over Rs 69,000 crore in the first nine months of the current fiscal which far exceeded their annual earning in pre-oil crisis years. The combined net profit of IOC, BPCL and HPCL in April-December FY24 was […]
Anurag Thakur flags off special ‘Aastha’ train from Himachal’s Amb to Ayodhya
Una, Himachal Pradesh: Union minister Anuraj Thakur Monday flagged off an ‘Aastha’ special train carrying pilgrims from Himachal Pradesh’s Amb to Ayodhya. The train carrying 1,074 devotees left for Ayodhya at 6 am in the special Aastha Express train to Ayodhya. A large number of Ram devotees are visiting Ayodhya after the consecration ceremony at […]
Western Railway busts fake recruitment scam in Mumbai
Mumbai: In a major breakthrough, the Mumbai-headquartered Western Railway (WR) busted a fake recruitment racket under which an accused had allegedly defrauded as many as 300 candidates to the tune of a whopping Rs 21 crore through false job promises. The operation was carried out by the WR’s vigilance team. The team had been chasing […]
India likely to extend LNG import deal with Qatar for 20 years at lower rates
Betul (Goa): India is likely to sign on Tuesday a multi-billion dollar deal to extend import of 7.5 million tonnes of LNG per year from Qatar for another 20 years beyond 2028 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal to extend import contract with Qatar […]
Russian oil facilities hit by drone attacks, fires
Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East. Russia and Ukraine have targeted each other’s energy infrastructure in strikes designed to disrupt supply lines and logistics and to demoralise each […]
India likely to extend LNG import deal with Qatar for 20 years at lower rates
Betul (Goa): India is likely to sign on Tuesday a multi-billion dollar deal to extend import of 7.5 million tonne of LNG per year from Qatar for another 20 years beyond 2028 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal to extend import contract with Qatar […]