Indian Railways has reported earnings of Rs 1,229.85 crore from cancelled waiting list tickets between the years 2021 and 2024 (up to January). This information was disclosed in response to a Right to Information (RTI) request filed by activist Vivek Pandey from Madhya Pradesh. The Railway Ministry’s data also indicated a consistent increase in revenue […]
Day: March 21, 2024
Vehicle licence plates to be scanned for PUCC at Delhi petrol pumps
Soon, your vehicle licence plates will be scanned by cameras at the petrol pumps for PUCC validity with the Delhi government planning to implement a digital solution for the issue. The Delhi Transport Infrastructure Development Corporation (DTIDC) has floated a tender and invited bidders to suggest digital solutions to check whether the vehicles coming to […]
Crude oil processing volumes remain steady in Feb at 20.9 MMT: PPAC
Crude oil volumes processed by Indian refiners remained steady in February at 20.9 million metric tonnes (MMT), data released by the Petroleum Planning and Analysis Cell (PPAC) on Wednesday showed. Processed volumes rose by a marginal 0.14 per cent as compared to 20.8 MMT processed in February 2023. On a sequential basis however, volumes fell […]
February crude oil imports from Russia edged up from January trade
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 […]
Mahanagar Gas legally challenges infrastructure exclusivity expiry notice
City-gas distributor (CGD) Mahanagar Gas has legally challenged a regulatory notice about the expiry of the company’s infrastructure exclusivity in Mumbai, the company said. However, Mahanagar Gas (MGL) and the country’s petroleum and natural-gas regulator are aiming to settle the matter amicably. Mahanagar Gas also looks to apply for a 10-year extension to continue its […]
Barometers end with small gains; oil & gas shares advance
The Indian equity indices ended a volatile session with small gains on Wednesday, investors await for the Fed Policy outcome. The Nifty settled above the 21,800 level after hitting the days low of 21,710.20 in mid-morning trade. Oil & gas, realty and FMCG stocks advanced while metal, private bank and financial services stocks declined. As […]
Benchmarks trade higher; oil & gas shares in demand
The key domestic indices pared some gains and traded near the flat line in the mid-afternoon trade. The Nifty traded above the 21,800 level after hitting the days low of 21,710.20 in mid-morning trade. Oil & gas shares advanced after declining in the past trading session. At 14:27 IST, the barometer index, the S&P BSE […]
BPCL signs 4-month US oil purchase deal with BP, delivery to begin in June
Indian state-run oil refiner Bharat Petroleum Corp has signed a deal with BP to buy 1 million barrels per month of US West Texas Intermediate (WTI) crude for four months, trade sources said. BPCL would start taking delivery of the oil from June, they said. The Indian refiner has also separately bought 2 million barrels […]
BGR Energy hits over 3-year low; stock tanks 68% in one month
Shares of BGR Energy Systems hit an over three-year low of Rs 38.11, down 4 per cent on the BSE in Wednesday’s intra-day trade extending its month-long fall. In the past one month, the stock tanked 68 per cent from its 52-week high of Rs 119.48 that it touched on February 20. BGR Energy on […]
GE Power India wins orders of Rs 16.42 cr
GE Power India has received a Purchase Order from Bharat Aluminium Company and Nuclear Power Corporation Of India (A Government of India Enterprise), Tarapur, Maharashtra Site. The order placed by Bharat Aluminium Company is for R&M of Boiler Firing system at M/s BALCO, Korba, Chhattisgarh. The value of the order is Rs 8.95 crore. Nuclear […]
India’s solar waste could reach 600 kilotonnes by 2030, shows study
India’s solar waste could reach a staggering 600 kilotonnes by 2030 equivalent to filling up 720 Olympic-size swimming pools according to a new study released on Wednesday. The study by the Ministry of New and Renewable Energy and independent think tank Council on Energy, Environment and Water (CEEW) said around 67 per cent of this […]
Boeing must improve quality before boosting 737 MAX production, says FAA
The head of the US Federal Aviation Administration said Boeing must improve safety culture and address quality issues before the agency will allow the planemaker to boost 737 MAX production. The FAA in late January took the unprecedented step of telling Boeing it would not allow the company to expand 737 MAX production in the […]