BMW AG’s sales of fully electric vehicles at its core brand surged in the first quarter, outperforming rivals like Tesla and Volkswagen, which have struggled to cope with faltering demand. Customer deliveries of battery-powered models such as BMW’s i4, iX1 and i7 jumped 41% in the three months through March compared to the same period […]
Day: April 12, 2024
Govt approves 11 EV manufacturers for receiving incentives under EMPS
The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024. “A total of 11 firms have been granted approval under the EMPS, with several more under consideration,” informed a […]
Russian air strikes damage electric facilities in southern Ukraine
Russian missile and drone attacks damaged Ukrainian energy facilities in the Black Sea region of Odesa and the nearby city of Mykolaiv on Wednesday, keeping up pressure on the embattled power grid, officials said. Russia, which has targeted Ukrainian utilities throughout the two-year-old war, renewed its aerial assaults on Ukraine’s energy system last month with […]
‘Indicate’ timeline to implement new FDTL rules: DGCA to airlines
The Directorate General of Civil Aviation (DGCA) on Wednesday asked Indian carriers to “indicate” a timeline to prepare and implement the new flight duty time limitation (FDTL) norms for pilots. FDTL norms are crucial as they guarantee sufficient rest for pilots, minimising the risk of untoward incidents. The new FDTL norms, which were issued in […]
Delta Q1 earnings tops Wall Street estimates on buoyant travel demand
Delta Air Lines offered an upbeat forecast for the current quarter on Wednesday after its first-quarter earnings topped Wall Street estimates on buoyant travel demand, sending its shares 3% higher in early trading. Airline executives say travel has become a top priority for consumers, who are cutting spending on goods in favor of experiences after […]
Anil Ambani’s Reliance Infra says SC imposed no liability on company
Anil Ambani’s Reliance Infrastructure Ltd on Wednesday said no liability has been imposed on it by the Supreme Court order that set aside a Rs 8,000-crore arbitral award that was granted in favour of Delhi Airport Metro Express Pvt Ltd (DAMEPL). Setting aside the award, the top court ordered DAMEPL to refund all sums previously […]
RInfra tanks 20% as SC asks co to refund Rs 8,000 cr to Delhi Airport Metro
Shares of Reliance Infrastructure (R-Infra) tanked 20 per cent to Rs 227.40, freezing at the lower circuit on the BSE on Wednesday at 01:28 PM, amid heavy volumes after the Supreme Court (SC) set aside the Rs 8,000-crore arbitral award in favour of the company’s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL). “The […]
SC sets aside Rs 8,000 cr arbitral award to Anil Ambani’s Reliance Infra
In a significant relief to the Delhi Metro Rail Corporation (DMRC), the Supreme Court on Wednesday set aside the Rs 8,000 crore arbitral award in favour of Anil Ambani-owned Reliance Infrastructure’s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL). The top court upheld the High Court’s division bench decision, citing patent illegality in the […]
Russia looking at relaxing environmental norms to boost gasoline supply
Russia’s government is looking at the possibility of introducing some easing of rigorous fuel environmental standards in order to allow the usage of low-quality gasoline in the face of possible fuel shortages, three industry sources told Reuters. According to sources’ calculations, it could bring in additional 10%, or between 300,000 metric tons and 350,000 tons […]
Thomas Cook launches ‘helicopter darshan’ to Adi Kailash, Om Parvat
Targeting the surge in demand for spiritual tourism, Thomas Cook India and its group firm SOTC Travel have partnered with the Uttarakhand Tourism Development Board to offer aerial darshans to Adi Kailash and Om Parvat, the company announced on Wednesday. The five-day spiritual tour has been launched at a price of Rs 90,000 per person […]
Air India to start Delhi-Ho Chi Minh City in Vietnam flights from June 1
Air India will start direct flights from the national capital to Ho Chi Minh City in Vietnam from June 1. The airline will use A320 neo aircraft with a two-class configuration to operate the flights five days a week — Mondays, Wednesdays, Fridays, Saturdays, and Sundays, according to a release on Wednesday. The flights will […]
Air India plans to send narrow body A320 pilots on deputation to Vistara
Tata Group-owned Air India is planning to send a set of first officers who can operate the narrow body A320 family planes to Vistara, which is grappling with pilot woes, according to multiple sources. The pilots will be send to Vistara on deputation, subject to getting necessary regulatory approvals. Air India and Vistara did not […]