Finance Minister Nirmala Sitharaman has given infrastructure status to data centre and energy storage system, a move that will facilitate credit availability for digital infrastructure. Data centres are core to digitisation and cloud journey of enterprises. India’s data centre industry has 499 megawatt (MW) of critical information technology capacity, of which seven cities account for […]
Category: Deccan Chronicle
Deccan Chronicle
Oil rises on concerns global political risks could tighten supplies
Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase. Analysts noted that oil prices rose despite a drop in equities markets and the possibility of an interest rate […]
TSERC refuses petitions of discoms on power tariff
Hyderabad: The Telangana State Electricity Regulatory Commission (TSERC) has turned down the aggregate revenue requirement (ARR) petitions submitted the two power distribution companies (discoms) as they were not accompanied by fresh tariff proposals. They had filed petitions for determination of ARR for the financial years 2019-20, 20-21 and 2021-22. The orders were passed by commission […]
TS Electricity Regulatory Commission asks for power tariffs
HYDERABAD: The TS Electricity Regulatory Commission (TSERC) has directed power distribution companies (discoms) to file their aggregate revenue requirement (ARR) and proposed tariffs for the financial year 2022-23. The commission returned the ARRs filed by the discoms as they were not accompanied by the filings of tariff proposals (FPT), which is mandatory.
IOCL acquires 4.93 per cent equity stake in Indian Gas Exchange
Mumbai: Indian Oil Corporation Limited (IOCL) said on Tuesday it has acquired a 4.93 per cent equity share in Indian Gas Exchange Limited, the country’s first automated national level gas exchange. The Board of Directors of Indian Oil approved the deal at its meeting held on December 20, Indian Oil said in a regulatory filing […]
Women workers stage protest, block Chennai-Bengaluru highway
Chennai: A large number of women workers of a company near here, which assembles and manufactures smart phone spares, resorted to a flash protest, blocking the busy Chennai-Bengaluru highway that led to traffic blockade on Saturday. The workers’ protest since late Friday night, is over allegations related to hospitalisation of 8 employees due to poor […]
AP high court serves notices on Centre, others on power purchase from SECI
Vijayawada: The Andhra Pradesh High Court on Monday served notices on the Centre, Adani Group and the AP energy department and others on a petition challenging the AP energy department’s move to purchase power from the Solar Energy Corporation of India at a higher price. The petition was filed by CPI state secretary K. Ramakrishna […]
HAL bags ADE-DRDO supply order for ‘ABHYAS’ target platform
Bengaluru: Hindustan Aeronautics Limited on Friday said it has secured an order for manufacturing, assembly, integration, testing and supply of High Speed Expendable Aerial Target (HEAT) System, known as ‘ABHYAS’, from Aeronautical Development Establishment (ADE), DRDO. Post successful completion of this initial order, HAL said in a statement it would be identified as Development-cum-Production Partner […]
Uttam opposes Centre’s move to privatise coal blocks
HYDERABAD: Nalgonda MP N. Uttam Kumar Reddy demanded that the BJP-led NDA government consider withdrawing privatising the four coal blocks in Telangana. Speaking during the zero hour in the Lok Sabha on Monday, he condemned the Central government’s move to privatise government companies and resources. Reddy said Telangana had four coal blocks including Kothagudem block, […]
CM Stalin voices concern against Electricity (Amendment) Bill, 2021
Chennai: The Tamil Nadu government on Wednesday voiced concern against the proposed amendments to the Electricity Act, 2003 and sought Prime Minister Narendra Modi’s intervention to withdraw an amendment bill in this connection. Chief Minister M K Stalin said the proposed amendments will have “far-reaching” implications for state DISCOMs and argued certain provisions will allow […]
Pilot saves Vizag flight from disaster, returns to Vijayawada
Visakhapatnam: Quick reflexes made Vijayawada-Vizag IndiGo pilot save the flight from major disaster on Friday evening. While landing around 4.30 in the evening, the pilot felt the ATR aircraft was vibrating due to high-speed winds caused by the cyclone Jawad and instead of landing the aircraft, he took it back to the Vijayawada airport to […]
Kerala govt to sign pact with Union ministries to build bridges at level crossings
Thiruvananthapuram: The Kerala government on Wednesday said it has decided to enter into a tripartite agreement with the Union Ministries of Surface Transport and Railways for construction of railway overbridges and underbridges to reduce the number of level crossings in the state. The state cabinet took a decision to this effect, an official release issued […]