IndiGo on Wednesday announced new domestic routes to tap into the summer travel demand. The latest routes will be functional from March 31, 2024. The airline will be operating direct flights between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, Indore-Varanasi. The airline has also announced direct flights between Kolkata-Srinagar and Kolkata-Jammu from April 10, 2024 and April 21, 2024, […]
Month: February 2024
Air India refinances loans with SBI and BoB at near G-Sec yields
Tata group-owned Air India has refinanced short-term loans with the State Bank of India (SBI) and Bank of Baroda (BoB) for a three-year loan at an attractive rate, thanks to the conglomerate’s strong credit profile. The new Rs 19,000 crore loan will be used to finance the carrier’s working capital needs and upgrade its aircraft […]
Railways bans diesel generators supplier JVPL for 2 years
New Delhi: The Indian Railways has barred for two years Jakson Ventures Private Ltd (JVPL), one of the largest and oldest suppliers of diesel generators in the country. Jakson is the authorised dealer for US-headquartered diesel genset maker Cummins Inc. Government officials aware of the development said JVPL had forged documents certifying earnest money deposit […]
Second critical mineral bid round to be called on Thursday
The centre will launch the second round of critical mineral mine auctions on Thursday. An official statement said, letters of financial grants will also be handed over to start-ups in mining and mineral sector. Besides these, Annual Capacity Building Plan for Geological Survey of India (GSI) will be released during the event. First round of […]
Vedanta Group eyes $6bn EBITDA in FY25, reiterates guidance on operational, profitability targets
New Delhi, Mining conglomerate Vedanta Group is eyeing USD 6 billion of pre-tax profits in the next financial year and scaling it to USD 7-7.5 billion in the following year on the back of operational efficiencies across businesses. “The building blocks are already in place, and largely under our control for EBITDA augmentation. The increase […]
Plan to enter mass market EV segment in India: Skoda Auto
Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company’s management board member Martin Jahn said on Wednesday. The company is gearing up to enter the electric vehicles segment in India this […]
Tata Punch EV user says it is better than Nexon EV!
Tata Motors launched the Punch EV last month. Priced Rs 10.99 lakh onwards, it is India’s most-affordable electric SUV. The Punch EV costs much less than its bigger sibling, the Nexon EV, which costs Rs 14.99 lakh upwards.
India can be a key player in Hydrogen sector that could become half a trillion industry by 2050
India can be one of the key players in the Hydrogen sector which could be a USD 0.5 trillion industry by 2050, according to a study. As per a white paper published by Alvarez & Marsal, India alongside North Africa, Latin America, Saudi Arabia, Australia, and the U.S. could be central to the future of […]
NTPC Green Energy, MAHAGENCO to set up JV for renewable energy parks in Maharashtra
NTPC Green Energy Ltd (NGEL) has signed a pact with Maharashtra State Power Generation Company Ltd to set up a joint venture company to develop renewable energy parks in Maharashtra, a statement said on Wednesday. The JV Company shall develop GW-scale RE park and projects in a phased manner, thereby realizing the green energy objectives […]
New sanctions threaten Russian oil sales to India
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter said. Washington on Friday imposed sanctions to mark the second anniversary of Moscow’s invasion of Ukraine […]
Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows
Russia is diverting China-bound cargoes of liquefied natural gas (LNG) on a longer route via the Cape of Good Hope due to the heightened risk of attacks by Yemen’s Iran-aligned Houthi group, LSEG data showed. Global fuel producers, including Russia, were forced to change the way they deliver to Asia and go around Africa to […]
Govt added 200 GW generation capacity in last 9 years, India turns power-sufficient: R K Singh
New Delhii: The government has transformed India from power-deficient to power-sufficient by adding about 200 GW of electricity generation capacity in the past nine years, Union Minister R K Singh said. “We have connected the whole country with a unified grid, capable of transferring 1,16,000 MW from one part of the country to another. All […]