India’s power consumption rose around 11 per cent to 144.25 billion units (BU) in April as compared to the year-ago period, mainly due increase in temperatures. In April 2023, the power consumption stood at 130.08 BU, a government data showed. The highest supply in a day (peak power demand) also rose to 224.18 GW in […]
Day: May 2, 2024
Petrol sales up 12.3 pc; diesel slides 2.3 pc in Apr
India’s petrol consumption soared 12.3 per cent in April, but diesel sales continued to slide despite the country entering into hectic electioneering for general elections, preliminary data of state-owned firms showed on Wednesday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 2.97 million tonnes in April […]
IndiGo gets tax demand related to input tax credit
IndiGo has received a tax demand following the rejection of an input tax credit that was availed by the company in 2018-19. In a regulatory filing on Wednesday, the company said it has received a “demand of Rs 31,240, including tax of Rs 21,240 and penalty of Rs 10,000 for the FY 2018-19”. The demand […]
India among top 5 developing countries in aviation emissions in 2019, study finds
In 2019, India was among the top five economically developing countries in terms of carbon dioxide (CO2) emissions from aviation, a new research has found. Calculating “nearly real-time” aviation emissions using global flight data, researchers found that overall, the US, China and Great Britain were the topmost contributors, with 22 per cent, 14 per cent […]
Avaada Energy secures Rs 1,190 crore loan from SBI for solar project
Avaada Energy on Thursday said that it has secured Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India. The financing, sanctioned and disbursed as a 20-year project loan facility, will support the development of a 400 MWp utility-scale solar PV power project in the Surendra Nagar district […]
Coal India production rises 7% in April
State-owned CIL on Wednesday said its production increased 7.3 per cent to 61.8 million tonnes (MT) in April. The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, Coal India Ltd (CIL) said in a filing to the BSE. CIL accounts for over 80 per cent of domestic coal […]
Oil falls for a third day on Middle East ceasefire hopes
Oil fell more than 1% on Wednesday, losing ground for a third straight session, sapped by the prospect of a ceasefire agreement in the Middle East and persistent U.S. inflation dampening the expected pace of interest rate cuts. Brent crude futures for July were down $1.19, or 1.4%, to $85.14 a barrel at 1255 GMT, […]
Oil prices pick up on prospect of US replenishing strategic reserve
Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories. Snapping three days of losses, Brent crude futures for July gained 21 cents, or […]
Adani Total Gas shares rally 4% after Q4 results impress
Shares of Adani Total Gas jumped 4% to Rs 969 today on BSE after the company reported a 71% year-on-year (YoY) growth in its consolidated net profit to Rs 168 crore for the quarter ended March from Rs 98 crore a year ago. Revenue from operations rose 5% YoY to Rs 1,258 crore in the […]
Section of AI Express staff flag concerns, allege mismanagement at airline
A grouping of Air India Express cabin crew has alleged that the airline is being mismanaged and there is a lack of equality in the treatment of the staff. The airline is part of the Tata Group and is in the process of merging AIX Connect (formerly AirAsia India with itself). Air India Express Employees […]
India among top 5 developing countries in aviation emissions in 2019, study finds
New Delhi: In 2019, India was among the top five economically developing countries in terms of carbon dioxide (CO2) emissions from aviation, a new research has found. Calculating “nearly real-time” aviation emissions using global flight data, researchers found that overall, the US, China and Great Britain were the topmost contributors, with 22 per cent, 14 […]
Vistara flight makes emergency landing at Bhubaneswar airport, passengers safe
A flight from Bhubaneswar to New Delhi returned minutes after take-off and made an emergency landing after the aircraft was caught in a hailstorm and suffered damage on Wednesday, an official said. The 169 passengers and crew on board are safe. The New Delhi-bound Vistara flight landed back at the Biju Patnaik International Airport (BPIA) […]