Mumbai: With increasing local production, the import dependency of natural gas in general and LNG in particular, is likely to come down to 45 per cent by FY26, says a report. A Care Ratings analysis said the dependency on imported LNG has gradually declined over the past three years. PTI Unilever to cut 7,500 jobs […]
Day: March 21, 2024
Local trains cancelled in Chennai-Gummidipoondi section for three days
CHENNAI: The Southern Railway has changed the schedule of trains in Chennai-Gudur section for three days to facilitate engineering maintenance between Ponneri and Minjur railway stations from 9 am to 11.30 am. According to a press statement, Chennai-Gummidipoondi local train leaving MMC complex at 9 am and 10.35 am, will be partially cancelled between Minjur […]
Kerala: Railways announces full & partial cancellations of train services due to track doubling work in Southern India
THIRUVANANTHAPURAM: The railways has decided to introduce regulations which include full/ partial cancellation and diversions of trains to facilitate track doubling works at the Aralvaymozhi-Nagercoil Jn, Nagercoil Jn-Kanniyakumari, Nagercoil Jn Yard-Nagercoil Town sections. Full cancellation Kollam Junction-Kanyakumari MEMU Express Special (06772) and Kanyakumari-Kollam Junction MEMU Express Special (06773) on March 20, 21, 23, 24, 25, […]
Bengaluru Metro suspends security guard for inappropriate behaviour towards woman passenger
BENGALURU: The Bangalore Metro Rail Corporation Limited (BMRCL) on Wednesday suspended a security guard for alleged inappropriate behaviour towards a woman passenger at the Jalahalli Metro station on Sunday (March 17) afternoon and has ordered an inquiry into the incident. The matter came to light after a post on X on Tuesday highlighted the complaint […]
Power demand to grow 8-9% in India, capacity will grow, but cost will fall from 2030: Praveer Sinha, Tata Power
Praveer Sinha, CEO & MD, Tata Power, says right now, we have a challenge because the demand is growing and to meet that demand, we are getting imported coal, lots of gas which is at high prices or oil and that is why today the average cost of power is higher. But come 2027, come […]
Oil rebounds as U.S. crude, gasoline stockpile drops provide some support
Oil prices rebounded on Thursday after falling in the previous session as U.S. crude and gasoline inventory declines supported the market after signs the U.S. Federal Reserve may keep rates higher for longer crimped the outlook for future fuel demand. Brent crude oil futures contract for May settlement rose 0.6%, or 52 cents, at $86.47 […]
Oil falls from highs ahead of Fed decision
Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery, which […]
Share price of Adani Power falls as Nifty strengthens
Shares of Adani Power Ltd. slipped 0.68 per cent to Rs 514.0 in Wednesday’s trade as of 02:10PM (IST). The stock hit a high price of Rs 524.0 and low of Rs 501.7 during the session.
Stock market update: Power stocks down as market rises
NEW DELHI: Power shares closed higher in the Wednesday’s session. Kalpataru Projects International Ltd.(up 7.44%), Power and Instrumentation(Gujarat)Ltd.(up 4.94%), Karma Energy Ltd.(up 4.93%), Reliance Power Ltd.(up 4.83%), Hitachi Energy India Ltd.(up 2.48%), Power Grid Corporation of India Ltd.(up 2.19%), KKV Agro Powers Ltd.(up 2.12%), Adani Green Energy Ltd.(up 1.44%), GE Power India Ltd.(up 1.42%) and […]
Indian Oil Corp. shares up 3.16% as Nifty gains
NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 3.16 per cent up in Thursday’s trade at 10:20AM (IST). Around 510,188 shares changed hands on the counter. The scrip opened at Rs 160.75 and touched an intraday high and low of Rs 163.2 and Rs 160.0, respectively, in the session so far. The stock of […]
Reliance Power shares hit 5% upper circuit as Anil Ambani-led firm settles bank dues
Shares of Reliance Power jumped 5% on Wednesday to the day’s high of Rs 23.83 on the BSE following reports that the Anil Ambani-led company settled the debts owed to three banks – ICICI Bank, Axis Bank, and DBS Bank – last week while its parent Reliance Infrastructure is working towards settling dues of Rs […]
India’s aviation boom could support another international hub, says Air India CEO Campbell Wilson
India’s airline industry is growing so fast that the country could support at least one other international hub beyond Mumbai and Delhi, said Campbell Wilson, CEO of Air India Ltd. “India can be home to at least three hubs and plenty of point-to-point services,” said Wilson.