Skateboarders, surfers and mountain bikers used to be the target customers for California startup Skydio, a maker of high-end drones that can home in on people and capture their movements on video all by themselves. Now police officers, firefighters and soldiers are interested in the self-flying machines. That’s partly because US national security concerns about […]
Category: Deccan Chronicle
Deccan Chronicle
Govt weighs dropping debt condition in plan to sell Air India: Report
India is proposing to drop a condition that the winning bidder for Air India Ltd. will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said, as the government struggles to sell the loss-making carrier kept afloat by taxpayer-funded bailouts. Prime Minister Narendra Modi’s administration is being advised to […]
Govt plans to leverage power for cooking needs of poor: R K Singh
The government is mulling to leverage power for cooking in a big way to help the poor, Power Minister R K Singh said on Sunday. The minister said that power will provide poor strata of the society a cheaper option for their day to day requirement, move the nation towards self-reliance and make it independent […]
Fuel consumption in August witnesses biggest monthly dip since April
India’s fuel consumption fell again in August and saw massive demand erosion since April, as rise in coronavirus cases continue to hit economic activity and travel, government data showed. Refined fuel sales slipped to 14.39 million tonnes in August, about 16% lower compared with the consumption in the same month a year ago. It also […]
Videocon loan case: ED arrests husband of former ICICI Bank CEO Chanda Kochhar
Mumbai: The Enforcement Directorate (ED) on Monday arrested Deepak Kochhar, husband of former ICICI Bank CEO and MD Chanda Kochhar, in connection with the ICICI Bank-Videocon money laundering case probe, officials said. They said Deepak Kochhar was arrested in Mumbai under sections of the Prevention of Money Laundering Act (PMLA) and the agency is expected […]
50% of state-run fuel stations will be solar powered in five years: Oil minister
NEW DELHI: India aims for 50% of fuel stations owned by public sector oil companies to be operated by solar power within five years under the government’s green energy drive, its oil minister said on Tuesday. Dharmendra Pradhan said India’s three state-backed fuel retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum, which operate […]
Reliance reveals detailed plan to spin off oil to chemical business
New Delhi: Reliance Industries Ltd’s new oil-to-chemical business unit will hold its oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business, the firm said detailing hiving-off plans. RIL has started work on hiving off the oil-to-chemical (O2C) business into a separate […]
ICICI Bank-Videocon case: Deepak Kochhar sent to ED custody till September 19
Mumbai: A court on Tuesday remanded Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in the custody of the Enforcement Directorate (ED) till September 19 in a money laundering case. Deepak Kochhar was arrested here on Monday under sections of the Prevention of Money Laundering Act (PMLA) in connection with the ICICI Bank-Videocon […]
TS Genco announces additional ex-gratia for Srisailam power plant fire victims
Hyderabad: The Transco and Genco Chairman and Managing Director (CMD) D Prabhakar Rao on Saturday announced additional ex-gratia of Rs 75 lakh each to the persons killed in the fire mishap that occurred at the Srisailam Left Bank Hydro Power House last month. He said that a decision in this regard was taken at the […]
Oil prices tumble $1 per barrel after Saudi price cuts
SINGAPORE: Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic. Brent crude was at $41.75 a barrel, down 91 cents or 2.1% by […]
Diesel price slashed for first time in nearly 6 months, petrol price unchanged
New Delhi: Diesel price on Thursday was cut for the first time in close to six months after state-owned fuel retailers reduced retail selling rate by 16 paise per litre. Diesel now costs Rs 73.40 per litre in the national capital, as against Rs 73.56 a litre previously, according to a price notification of state-owned […]
38 coal blocks up for auction for commercial mining: Coal Ministry
New Delhi: The Coal Ministry on Thursday said it has revised the list of mines to be auctioned for commercial mining and now 38 blocks would go under the hammer instead of 41 mines announced earlier. The revision in the list includes addition of three blocks Dolesara, Jarekela and Jharpalam-Tangarghat (in Chhattisgarh) and withdrawal of […]