Chennai Petroleum Corporation stock price soared 16.5 per cent to Rs 1,081.65 apiece, also its fresh record high, on the BSE in Wednesday’s intraday trade after the energy firm posted solid January-March quarter result (Q4FY24). That apart, the company’s 100 per cent rise in dividend payout further boosted investor sentiment. At 1:30 PM, Chennai Petroleum […]
Day: April 25, 2024
Hitachi Energy plans India expansion, local ops amid rising power demand
Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to […]
India’s first multi-purpose green hydrogen pilot project inaugurated
India’s first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal’s Jhakri was inaugurated on Wednesday, according to Satluj Jal Vidyut Nigam (SJVN) officials. SJVN Chairman and Managing Director Geeta Kapur inaugurated a 20Nm3/hr electrolyzer and 25kW fuel cell capacity-based green hydrogen pilot project, a statement issued here […]
Paris will become no-fly zone to safeguard 2024 Olympic opening ceremony
Skies over the Paris region will be closed for six hours as part of the massive security operation for the July 26 opening ceremony of the Olympic Games, the Paris airports operator said Wednesday. Augustin de Romanet, chairman of Aroports de Paris, said airlines are being warned in advance about the closure and told they […]
Boeing Co’s revival road map put to test by dwindling time and cash
Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise to two opposing questions: Is that too little time to turn things around — or too long to withstand the financial hemorrhaging? Chief Executive Officer Dave Calhoun put an optimistic spin on the embattled company’s outlook as he […]
Flyers to or from US will soon get instant refunds if flights are cancelled
Traveling to or from the US? You will soon be entitled to an automatic refund if your flight is canceled or significantly altered, under new US Department of Transportation rules released on Wednesday. “Passengers deserve to get their money back when an airline owes them—without headaches or haggling,” US Transportation Secretary Pete Buttigieg said in […]
REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir
State-owned REC Ltd on Wednesday said it will provide a term loan of Rs 1,869 crore for 624 MW Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir. The loan will be utilized for development, construction and operation of the project on River Chenab, a statement said. According to the statement, REC has signed an […]
Boeing Q1 results: Loss at $355 mn as revenue declines amid safety concerns
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. Boeing’s CEO said the company is in a tough […]