The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an […]
Day: April 15, 2024
Massive air strike destroys one of Ukraine’s largest power plants
A massive missile and drone attack destroyed one of Ukraine’s largest power plants and damaged others, officials said Thursday, part of a renewed Russian campaign targeting energy infrastructure. The Trypilska plant, which was the biggest energy supplier for the Kyiv, Cherkasy and Zhytomyr regions, was struck numerous times, destroying the transformer, turbines and generators and […]
Adani Group targets one-fifth share in Indian cement market by FY28
Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to “remain debt free,” said an investor presentation shared by Ambuja Cements. Besides, Adani […]
Digi Yatra likely to expanded to 14 more airports: Check the full list
Digi Yatra is a system that uses facial recognition technology for contactless and seamless passenger movement at airports. It will be used by 14 more airports in India by the end of April. Digi Yatra is available at 13 airports: Delhi, Bengaluru, Varanasi, Hyderabad, Kolkata, Vijayawada, Pune, Mumbai, Cochin, Ahmedabad, Lucknow, Jaipur and Guwahati. Suresh […]
Annoyed by flight delays or planning a trip abroad? Go for travel insurance
Vistara has announced it will cancel 25-30 flights daily as the airline tries to minimise the impact of crew shortages. The airline, which usually operates about 350 flights a day, had to cancel over 100 flights last week because of a lack of available pilots. This situation is not unique. Every winter and monsoon season, […]
Noida International Airport chooses Bird Group for ground handling services
Noida International Airport on Friday said it has entered into a concession agreement with the Bird Group to provide ground-handling resources and services at the upcoming airport in Jewar, Uttar Pradesh. The strategic partnership will ensure efficient and seamless ground-handling activities at the airport, enhancing the overall passenger experience, the airport said. The greenfield project […]
Domestic air passenger traffic likely touched 154 mn in 2023-24: Icra
Domestic air passenger traffic is likely to have witnessed an annual growth of 13 per cent at around 15.4 crore in 2023-24 and the aviation industry’s net loss is expected to have declined to Rs 3,000 to 4,000 crore during the same period, says a report. Credit rating agency Icra on Friday also said the […]
Oil prices rise but set for weekly loss amid expectations of Fed rate cuts
Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer U.S. interest rate cuts this year. Brent crude futures climbed 51 cents, or 0.57%, to $90.25 a barrel by 0420 GMT, while […]
Adani Group seeks $750 mn from banks to pay for conversion of warrants
Adani Group is in talks with banks to secure approximately $750 million (Rs 6,200 crore) to fulfill payment obligations for the conversion of warrants allocated by Ambuja Cements, Financial Express reports. The deadline for the payments is April 18. Ambuja Cements had assigned 477.4 million convertible warrants to Harmonia Trade and Investment, a unit of […]
Air India operationalises five new contact centres to assist customers
Air India has operationalised five new contact centres, including in Cairo and Kuala Lumpur, to provide assistance to its customers worldwide. The Tata Group-owned airline has partnered with Concentrix, a California-headquartered customer engagement firm, to manage premium services from centres in Mumbai, Cairo, and Kuala Lumpur. Besides, the carrier has signed up iEnergizer to operate […]
IAF airlifts injured soldier with severed hand in C-130 J to Delhi hospital
An Indian Army personnel, whose hand had got severed while operating a machine at a unit located in a forward area, was brought to a Delhi hospital after a “dark night airlift” by an IAF C-130J aircraft from Ladakh sector, officials said on Friday. The jawan underwent an emergency surgery at the Army’s Research Referral […]
US airlines ask govt not to approve additional flights between US, China
Large airlines and some of their unions are asking the Biden administration to stop approving any more flights between the United States and China because of what they call anti-competitive policies that China imposes on carriers. The airlines and unions said Thursday that China closed its market to carriers at the outbreak of the pandemic […]