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 […]
Month: May 2024
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) […]
Pay Rs 50 cr to engine lessors or face grounding: Delhi High Court’s ‘one last opportunity’ to SpiceJet
The Delhi High Court on Wednesday gave “one last opportunity” to ailing SpiceJet to pay Rs 50 crore to its engine lessors, Team France and Sunbird France, failing which its two engines would be grounded. Justice Pratibha Singh asked the Spicejet counsel to get instruction by Friday on the reasonable time period within which the […]
Lessors to repossess all 54 Go First aircraft as DGCA deregisters them
New Delhi: In a relief to aircraft leasing companies, the civil aviation regulator has deregistered all 54 aircraft of Go First, 364 days after the Wadia-owned airline had filed for bankruptcy, allowing the lessors to repossess their aircraft. The Delhi High Court had on April 26 directed the Directorate General of Civil Aviation (DGCA) to […]
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 […]
Southern India can Lead India’s pursuit of 500GW renewable target by 2030: Experts and industry players
India is poised to lead the transition towards a sustainable future with its abundance of renewable resources and a growing interest in e-mobility. Leveraging these resources, South India can play an important role in reducing carbon footprint, drive economic growth, and enhance energy security, renewable energy experts and industry players say. Collaborative efforts among policymakers, […]
First Vande Bharat Metro train set rolls out: Watch first-look video here
In a big development, a rail coach factory in Punjab’s Kapurthala rolled out the first few coaches of the Vande Bharat Metro yesterday, marking a significant milestone in India’s rail infrastructure development. Indian railways are set to usher in a new era of modern transportation with the introduction of the Vande Bharat Metro, slated for […]