Nellore: Timely information given by Tirupati International Airport authorities about an overturned fire-fighting unit on the runway averted a possible disaster on Sunday. As a result, an Indigo aircraft, Flight E-6 with 30 passengers bound for Tirupati from Hyderabad, was diverted to Bengaluru. Tirupati airport director S. Suresh said the fire-fighting unit overturned around 9 […]
Category: Deccan Chronicle
Deccan Chronicle
Oil falls as worsening pandemic threatens recovery
TOKYO: Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S. oil was off by 6 cents, or […]
Indian Oil’s 300,000 bpd east coast refinery to be shut for 3 weeks
BHUBANESWAR: Indian Oil Corp Ltd’s 300,000 barrels per day refinery on the country’s east coast to be shut for three weeks for maintenance, the top district administrative official told Reuters on Sunday. “The Indian Oil refinery in Paradip will remain shut from July 25 to August 15 for maintenance,” said Sangram Keshari Mohapatra, the top […]
Oil prices slip after OPEC, allies agree to ease supply curbs
TOKYO: Oil prices slide on Thursday after OPEC and allies such as Russia agreed to ease record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a bigger-than-expected drawdown from the country’s crude stocks. Brent crude LCOc1 fell 13 cents, or 0.3%, at $43.66 a barrel […]
India set to buy Israeli drones
New Delhi: India is planning to buy from Israel Heron surveillance drones and fire-and-forget anti-tank guided missiles Spike to enhance its surveillance and firepower capability at a time when the tensions with China are at all-time high. Due to tension with China, India needs to increase its surveillance along the line of actual control (LAC) […]
RIL-Aramco deal not progressed as per timelines, Ambani says committed to partnership
Mumbai: Asia’s richest man Mukesh Ambani on Wednesday said his group’s planned stake sale in oil-to-chemical business to Saudi Aramco for an asking of USD 15 billion has not progressed as per original timelines due to COVID-19. “We value our two-decade relationship with Aramco and are committed to a long-term partnership,” Ambani said at Reliance […]
Air India to send staff on leave without pay for upto five years
New Delhi: Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for up to five years, according to an official order. The airline’s board of directors have authorised its Chairman and Managing Director Rajiv Bansal to […]
Saudi Aramco cuts August heavier crude supply for Asian refiners
SINGAPORE: Saudi Arabia’s state-owned oil company Saudi Aramco will reduce its August-loading shipments of medium and heavy crude grades to at least six Asian buyers, several sources familiar with the matter said on Monday. Buyers in China, Japan, South Korea, Taiwan and India were notified by Aramco over the weekend about the supply cuts, the […]
Oil prices drop on demand recovery fears, OPEC+ easing expectations
MELBOURNE: Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August in an upcoming meeting. U.S. West Texas Intermediate (WTI) crude futures slid 96 cents, or 2.39%, to $39.14 […]
Petrol rates unchanged, diesel nears Rs 81 after 16 paise hike
New Delhi: Diesel price in the national capital on Sunday inched towards the Rs 81 per litre-mark following a rate hike after a four-day hiatus. Diesel price on Sunday was increased by 16 paise per litre, according to a price notification of state-owned oil marketing companies.
PM Modi launches Asia’s largest solar plant in Madhya Pradesh
Rewa: Launching Asia’s largest 750 MW solar power project in Rewa in Madhya Pradesh through video-conferencing, Prime Minister Narendra Modi on Friday said the state will emerge as a major hub for clean and cheap power in the country. India has emerged as the most attractive global market for clean energy, Modi said.
Boeing completes helicopter deliveries to Indian Air Force
New Delhi: Boeing has completed delivery of all new AH-64E Apache and CH-47F(I) Chinook military helicopters to the Indian Air Force (IAF). The final five of the 22 Apache attack helicopters were handed over to the IAF at Air Force Station, Hindan. Earlier in March, Boeing handed over the last five of 15 CH-47F(I) Chinook […]