India’s net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said on Tuesday. The domestic rating agency said based on its analysis, lower value of Russian oil […]
Day: April 30, 2024
India’s Chennai Petroleum sees two year delay in building new 180,000 bpd refinery
India’s Chennai Petroleum Corp Ltd will build a 180,000 barrels per day (bpd) refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said on Monday. India, the world’s third biggest oil consumer and producer, is expanding its refining […]
Flyer numbers surge, but fewer flights to ferry them
Traffic in India’s domestic air passenger market, the world’s third largest in FY24, may have beaten pre-pandemic levels, but the number of flights during the period declined.Go First suspending its operations, followed by multiple airlines grounding aircraft for want of both spares and engine service, took a toll on the number of flights, data from […]
Goa airport receives bomb threat email; security beefed up
PANAJI: An email about a bomb at the Dabolim airport in South Goa sent the authorities into a tizzy on Monday, prompting them to increase the security on the premises, a senior official said. Talking to PTI, airport director S V T Dhanamjaya Rao said his office received an email in the morning about a […]
New Talcher-Bimlagarh railway line project to face further delay
ROURKELA : Floating of tender for the remaining stretch of nearly 70 km of the Talcher-Bimlagarh new rail line project is likely to be delayed by a couple of months due to various factors including the tardy pace of land acquisition. The ECoR is likely to float a single tender for the final 70-km stretch […]
Power pangs: KSEB to expedite overhaul plans
KOCHI: With summer peaking and mercury crossing 400C in many parts of Kerala, households are on an air conditioner purchasing spree, driving power demand to record highs. With power consumption soaring, the KSEB is being forced to expedite upgradation of its distribution network, initially planned for 2026. As nights turn uncomfortably warm, hundreds of ACs […]
Act against windmill firms for encroaching government lands, says Naam Tamilar Katchi
THOOTHUKUDI: Seeking action against windmill companies, claiming that they installed electricity poles on water bodies without seeking prior permission, Naam Tamilar Katchi (NTK) cadre submitted a petition on Monday. In the petition, which was dropped at the petition box at the collectorate office, NTK’s Vilathikulam secretary A Ramesu said that the windmill operators were installing […]
After fake certificates, Chennai corporation plans own wing to check road work quality
CHENNAI: The city corporation is preparing to set up a separate quality control wing to reduce dependency on project management consultants (PMCs) who verify bills and certificates from contractors for road laying works. The move comes in the wake of two contractors allegedly produced fake mix design certificates for laying interior roads. Henceforth, the designated […]
Chennai Corporation begins sample checks on roads, covers Vyasarpadi, Perambur on Day 1
CHENNAI: The city corporation commenced random checks of roads that have been already laid and those where work is still on, on Monday, following allegations of contractors producing fake mix design certificates to the project management consultants (PMCs) engaged by the corporation. Chief engineer S Rajendiran held a meeting with four PMCs that are currently […]
Oil dips as investors eye Israel-Gaza truce talks, US Fed policy review
Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. interest rates weighed on the market. Brent crude futures dipped 5 cents, or 0.06%, to $88.35 a barrel at 0006 GMT, and […]
GAIL rises 0.81% as Sensex climbs
Shares of GAIL (India) Ltd. traded at Rs 209.75 on BSE at 11:31AM (IST) on Monday, up 0.81 per cent from previous close. The scrip quoted a 52-week low price of Rs 102.95 and a high of Rs 213.7.
Share price of Tata Power jumps as Sensex gains 598.26 points
The share price of Tata Power Company Ltd. gained 2.24 per cent to Rs 446.55 at 11:52AM (IST) in Monday’s trade. The counter has hit a high of Rs 447.65 and low of Rs 437.3 so far during the session. The stock had closed at Rs 436.75 in the previous session. The counter has had […]