Under enhanced scrutiny from federal regulators in the US, following the January mid-flight door blowout incident, plane maker Boeing said it will scale down production of the 737 MAX model by more than 20%. Boeing will restrict the production of the 737 MAX to below 38 per month for the next several months, down from […]
Day: March 26, 2024
IndiGo lowers fleet addition guidance
IndiGo, the country’s largest airline, is expecting growth in aircraft addition to its fleet to be lower in FY25 as compared to FY24, reckoning more than one aircraft inclusion every week. The low-cost carrier, with a market share of more than 60% of the domestic market, said in a presentation on Friday that the growth […]
Greater Noida’s traffic solution! Key flyover connecting industrial areas expected to be completed by October – Know project cost and progress
Bringing joy to the commuters in Greater Noida, the Uttar Pradesh State Industrial Development Authority has asked the workers to push to complete the work on a crucial flyover which would connect the industrial area in Greater Noida by October, the officials revealed on Saturday. Greater Noida flyover length and cost Funded by the UPSIDA, […]
Delhi Metro’s ITO, Lok Kalyan Marg stations reopen, say DMRC officials
The Delhi Metro has reopened the ITO and the Lok Kalyan Marg stations, a day after these were closed in view of an AAP protest against the arrest of Chief Minister Arvind Kejriwal, officials said on Saturday. “ITO metro station and Lok Kalyan Marg metro station are now open for entry/exit,” the Delhi Metro Rail […]
Coal, the dirtiest fossil fuel, is finally preparing for long goodbye
More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs […]
Mahanadi Coalfields Ltd crosses 200 MT coal production mark in FY24
Mahanadi Coalfields Ltd (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal, officials said Sunday. The MCL has mining operations in Odisha’s Angul, Jharsuguda and Sundergarh districts. The company crossed the 200-MT mark on Saturday night. “It gives me immense pleasure to share the news of this extraordinary milestone of […]
Oil prices continue to rise on expectations of limited supply from Russia
Oil prices were on track to gain for a second straight day on Tuesday after settling up more than a dollar on expectations of tighter supply driven by Russian production cuts and attacks on Russian refineries. Brent crude rose 23 cents to $86.98 a barrel by 0118 GMT. US crude futures climbed 28 cents to […]
Indian refiners buy more US crude amid tighter sanctions on Russian oil
More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude. India, the world’s third-biggest oil importer and consumer, is looking to diversify its oil supplies as fresh U.S. sanctions […]
Crude oil rises as heightened geopolitical risks exacerbate supply concerns
Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking US rig count added to upward price pressure. Brent crude futures climbed 39 cents, or 0.5 per cent, to $85.82 a barrel at 0759 […]
Govt allows UAE’s Adnoc to export oil from Indian strategic storage
The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, which is the raw material for producing fuels […]
Russia’s oil-exporting machine finally getting snarled by sanctions
The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. Since the start of October, the […]
Gandhar Oil Refinery bags orders worth Rs 17.41 cr
Gandhar Oil Refinery (India) has announced that it has received a work order from Ajmer Vidyut Vitran Nigam (AVVNL) amounting Rs 17,41,49,250. The order entails the supply of EHV Grade Type-II Transformer Oil. The contract will be executed within eight months from the date of commencement period, which begins 30 days after the company receives […]