India’s Akasa Air is confident that deliveries of its ordered Boeing 737 MAX jets will be on time, its CEO said, despite concerns over the U.S. planemaker’s production schedule for 737s amid intense scrutiny after a mid-air incident this year. India’s newest airline in January announced an order for 150 Boeing 737s, as it bets […]
Day: March 21, 2024
Wilmington Trust approaches NCLAT, files Insolvency appeal against SpiceJet
Aircraft lessor Wilmington Trust SP Services has moved NCLAT, filing an appeal against an earlier order of NCLT, which had dismissed its insolvency plea against low-cost carrier SpiceJet. Wilmington Trust’s petition has been listed for hearing on Thursday before a bench headed by the Chairperson Justice Ashok Bhushan of the National Company Law Appellate Tribunal […]
Air India has changed since its takeover by Tata Group, says CEO Campbell Wilson
NEW DELHI: Air India has seen a cultural transformation after its takeover by the Tata Group, triggered by infusion of new employees and training, managing director Campbell Wilson said. The takeover of the airline has seen Air India hire new employees and part with some of the older staff. The average age of employees has […]
JSW Group interested in acquiring critical mineral blocks: Chairman Sajjan Jindal
Mumbai, Steel to Infrastructure JSW Group is interested in participating in auction of critical minerals, its Chairman Sajjan Jindal said on Wednesday. Jindal, who made the remarks at an event in Mumbai, said the move will help in backward integration of the group’s plans for new energy vehicles. “We will certainly participate when the mining […]
MG Motor, JSW unveil electric sports car Cyberster. Here are likely price & launch date, speed, other details
India’s JSW Group and Chinese car manufacturer SAIC Motor-owned MG Motor India today unveiled the Cyberster, an all-electric convertible roadster, in India. The company claimed that the Cyberster can accelerate from 0-100 km/h in just 3.2 seconds. Commenting on the launch, Sajjan Jindal, Chairman of JSW Group said that they want to launch one electric […]
Solar waste to rise six times by 2030 as India looks to add new capacities: Study
India’s solar waste is expected to jump to 600,000 tonnes by 2030 from the current 100,000 tonnes due to rapid deployment of new solar capacities, a study by the Council on Energy, Environment and Water said on Wednesday. The country has seen acceleration in solar energy deployment to nearly 75 GW from 5-6 GW in […]
India’s Russian oil imports edged up in February from January
India’s import of Russian oil edged up in February over January, reversing declines seen in the past two months, data from industry sources showed on Wednesday, as refiners received some parcels of Russian light sweet Sokol grade. The world’s third biggest oil importer and consumer, India has been gorging on Russian oil since the West […]
Reliance refusing Sovcomflot oil shipments after sanctions, sources say
NEW DELHI/MOSCOW: India’s Reliance Industries, operator of the world’s biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent U.S. sanctions, according to two sources familiar with the matter. The development adds to oil export problems for Russia as its oil firms may face difficulties finding ships […]
Oil companies jump into EV charging; Offer facilities at over 15,000 petrol pumps
Oil companies are now offering electric vehicle (EV) charging facilities at more than 15,000 petrol pumps across India, helping build an ecosystem to spur the growth of low-emission vehicles. The number of pumps with charging facilities has more than doubled from 6,700 in March 2023, according to the petroleum and natural gas ministry data. The […]
Oil India to take external commercial loan route to raise $550 million loans to fund expansion
Mumbai: Oil India, the country’s second-biggest state-owned oil and gas explorer, is set to raise $550 million in a five-year external commercial loan facility through Bank of Baroda (BoB) to fund expansion into petrochemicals, ethanol, biogas, and renewable energy and run its operations. The five-year loan will be linked to the six-month benchmark secured overnight […]
Reduce unnecessary paperwork of drivers during train ops: Railway Board
The Railway Board has asked all its zones to reduce paperwork of drivers and assistant drivers while they are operating trains so that they can focus more on safety aspects and signals. “Loco pilot and assistant loco pilot have to maintain a memo book and an engine log book. While the memo book is a […]
Land for Job case: Delhi HC refuses to cancel interim bail of Amit Katyal
The Delhi High Court on Tuesday refused to set aside and cancel the interim bail granted to businessman Amit Katyal on medical grounds. He is an accused in a land-for-job money laundering case and was granted interim bail on medical grounds on February 5. The Enforcement Directorate (ED) had challenged the order of the trial […]