Mumbai: Jet Airways chairman Naresh Goyal has sought an urgent funding of Rs 750 crore from its equity partner Etihad, citing “the very precarious” position of the airline following the lingering cash flow issues which got amplified after the forced grounding of over 50 of its planes. In a letter to the Gulf-based carrier’s group […]
Category: Deccan Chronicle
Deccan Chronicle
Jet Airways denies report of new USD 293 million loan from PNB
New Delhi: Debt-laden Jet Airways Ltd denied a media report on Monday that it had secured a 20.50 billion rupee (USD 293 million) loan from state-owned Punjab National Bank (PNB) to help pay overdue plane leasing fees and salaries. The airline, which has had to ground planes after failing to make payments to leasing companies […]
Air India to fly 12 international & 40 domestic flights with all-women crew on Womens Day
NEW DELHI: National carrier Air India will be flying 12 international flights as well as 40-plus domestic flights with an all-women crew on International Women’s Day, the airline said on Thursday. “Air India is set to fly 12 all-women crew flights on its medium and long-haul international routes and over 40 return domestic and short-haul […]
Oil prices slide on economic slowdown, surging US supply
Singapore: Oil prices fell on Friday amid growing investor jitters over the global economy, after the European Central Bank (ECB) warned overnight of continued weakness and as fresh data showed Chinese exports and imports slumped last month. With surging US supply also unsettling markets, international benchmark Brent crude oil futures were at USD 65.83 per […]
Success of TOT model critical for funding Bharatmala programme, says ICRA
New Delhi: The success of the toll-operate-transfer (TOT) model will be very significant for funding the government’s ambitious highway development programme Bharatmala, rating agency ICRA said Thursday. “The timely monetisation of mature road assets will be a critical determining factor in plugging the shortfall in budgetary allocations and fetch requisite funding to support ambitious execution […]
Power usage in Telangana increases as mercury rises
Hyderabad: As the demand for power supply is increasing every day, the TS Tranco is taking all measures to ensure hassle free distribution in the state. “We are monitoring the production, supply and distribution of power every day. A day-to-day action plan will be prepared as per the requirement,” said Tranco CMD D. Prabhakar Rao. […]
Uttar Pradesh to get 40 paise/unit cheaper power
New Delhi: Uttar Pradesh Power Corporation will get 40 paise per unit cheaper electricity from Prayagraj Power Generation Company’s plant at Bara in Prayagraj district, which will translate into savings to the tune of Rs 500 crore annually. An arm of Tata Power-backed Resurgent Power Ventures, Renascent Power Ventures — which has acquired 75.01 per […]
India can save Rs 1.8 trillion annually from reduced fuel costs: study
New Delhi: India can save a whopping Rs 1.8 trillion annually from reduced fuel costs, travel time savings as well as health benefits from reduced air pollution levels and increased physical activity if cycles replace use of two and four wheelers for short distance trips, a new study has concluded. This figure accounts for 1.6 […]
Oil rises on US, China trade deal hopes, OPEC’s ongoing supply cuts
Singapore: Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth. International Brent futures were at USD 65.36 a barrel at 0446 GMT, up 29 cents, or […]
Bengaluru: App to spot vehicle charging stations
Bengaluru: If you are driving an electric vehicle (EV) in the city and running low on charge, but at the same time you don’t know where the nearest charging station is, then the proposed Bescom app can be of help. This app, which will be released soon, will provide information regarding the location of charging […]
Chamarajanagar: NH-766 dumpyard for mining waste
Chamarajanagar: Stone quarries in and around Hirikati village of Gundlupet have dumped huge quantities of their waste on the side of National Highway-766 leading to Mysuru , posing a threat to commuters, especially two-wheeler riders. Unable to find a proper dumping ground as required by the Indian Bureau of Mines in the face of opposition […]
ATF price hiked by 8.1 pc, still costs less than petrol, diesel
New Delhi: Jet fuel price was hiked on Friday by a steep 8.1 per cent to its costliest level this year as international oil prices rose, state-owned oil firms said. The price of Aviation Turbine Fuel (ATF) was hiked by Rs 4,734.15 per kilolitre, or 8.15 per cent, to Rs 62,795.12 per kl in the […]