CHENNAI: After a gap of two years, the cash-strapped Tamil Nadu Generation and Distribution Corporation (Tangedco) is planning to resume the practice of collecting security deposits from domestic consumers. A senior official confirmed that the process would be initiated after the Lok Sabha elections. “The revision of security deposits is mandated for High Tension (HT) […]
Day: April 1, 2024
NHAI halts annual toll fee hike at 34 plazas in Tamil Nadu ahead of polls
CHENNAI: The National Highways Authority of India (NHAI) has instructed toll operators to halt the annual increase of vehicle user fees at 34 toll plazas on national highways in Tamil Nadu starting April 1st. The fee revision, originally set to be enforced from midnight on April 1, was suspended at the last minute following a […]
Section of Bannerghatta road to remain closed for one year from April 1 for Metro work
Bengaluru: To facilitate the construction work of Lakkasandra Underground Metro station, the Bannerghatta main road here will be closed from MICO signal upto Anepalya Junction for a period of one year from April 1 onwards, officials said on Saturday. In its statement, the Bangalore Metro Rail Corporation Limited (BMRCL) said traffic moving on Bannerghatta Main […]
Despite disappointing year, Tata Motors aims to more-than-double EV sales in 2 years
Tata Motors, India’s leading automaker, expects electric vehicles (EVs) to account for 25-30% of its total sales within the next two years, a significant jump from the current 10-12%, according to comments made by the company management in an analyst meeting. In the last financial year, the company had sold around 50,000 electric vehicles, which […]
443 infra projects hit by cost overrun of Rs 4.92 lakh crore in Feb 2024
NEW DELHI: As many as 443 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 4.92 lakh crore in February 2024, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 […]
Healthy, tough competition in Indian aviation market; price sensitive too: IndiGo CEO
NEW DELHI: There is healthy and tough competition in the Indian market, which is also price sensitive, the country’s largest airline IndiGo’s chief Pieter Elbers said and emphasised that there is an enormous demand for travel. At the helm of the airline having a domestic market share of little over 60 per cent and more […]
IndiGo flights between Abu Dhabi, Kannur
CHENNAI: Budget airline IndiGo has announced new direct flights between Abu Dhabi and north Kerala district Kannur from May 9. Extending its international presence, the airline will operate daily non-stop flights from the coastal city of the southern state to the capital of the United Arab Emirates, the airline said in a release on Friday.
Ambani-Adani’s joint power play?
NEW DELHI: The purchase of a 26% stake by Mukesh Ambani-led Reliance Industries Ltd (RIL) in a Madhya Pradesh power project owned by Gautam Adani’s Adani Power is seen as a ‘landmark’ development in India’s corporate world. However, this partnership is rather driven by current electricity norms around captive power units and there are rarely […]
China Southern Airlines launches its first flight between Beijing and Macau
China Southern Airlines, one of China’s three state carriers, on Monday launched its first flight between Beijing and Macau. The airline said it planned to add 17 new international flight routes, without giving a time frame.
Adani emerges from Hindenburg blow stronger, sets sights on bigger things
Indian tycoon Gautam Adani, the chief of the diversified Adani Group, seems to have left the Hindenburg case firmly behind him. Within the span of a week, the Adani group has shown a significant resurgence in its growth trajectory and highlighting the conglomerate’s renewed vigour and commitment to rapid expansion after recent setbacks. The group […]
Oil holds onto gains as investors bet on tighter supply
Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data. Brent crude fell 17 cents, or 0.2%, to $86.83 a barrel by 0017 GMT after rising 2.4% last week. U.S. West Texas Intermediate […]
IRCTC shares up 2.84% as Nifty gains
NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 2.84 per cent up in Monday’s trade at 10:15AM (IST). Around 136,680 shares changed hands on the counter. The counter opened at Rs 930.0 and touched an intraday high and low of Rs 958.55 and Rs 930.0, respectively, in the session so far. […]