New Delhi: The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from Rs 3,300 per tonne with effect from Friday. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on export of diesel, however, has been cut to nil from Rs 1.50 […]
Category: Deccan Herald
Deccan Herald
Winter travel propel India’s jet fuel demand past pre-pandemic levels
New Delhi: India’s demand for jet fuel in February surged past pre-pandemic levels as increased air travel boosted consumption, preliminary data of state-owned firms showed on Friday. Aviation turbine fuel sales by three state-owned fuel retailers soared 7.1 per cent to 6,32,600 tonnes in February when compared with the year-ago period. This was 55.2 per […]
Behind Apple’s doomed car project: False starts & wrong turns
For the past decade, many Apple employees working on the company’s secretive car project, internally code-named Titan, had a less flattering name for it: the Titanic disaster. They knew the project was likely to fail. Throughout its existence, the car effort was scrapped and rebooted several times, shedding hundreds of workers along the way. As […]
Biden calls Chinese electric vehicles a security threat
President Joe Biden took steps Thursday toward blocking internet-connected Chinese cars and trucks from entry to the US auto market, including electric vehicles, saying they posed risks to national security because their operating systems could send sensitive information to Beijing. The immediate action was the opening of a Commerce Department investigation into security threats, which […]
REC to issue deep-discount bonds to raise Rs 5,000 crore in March: Report
Mumbai: India’s REC will tap a unique and uncommon structure to raise Rs 5,000 crore ($603.2 million) through a private placement of bonds before the end of March, three sources directly aware of the development said on Thursday. The state-run financier plans to raise the money through 10-year, deep-discount bonds and the issue is likely […]
Pakistan stewardess leaves duty mid-flight, seeks asylum in Canada
In recent years, a concerning trend has emerged within Pakistan International Airlines (PIA), where several cabin crew members have sought asylum in Canada, leaving behind their duties mid-flight. The most recent case involves Maryam Raza, who departed from her return flight to Karachi after landing in Toronto, leaving a note expressing gratitude to PIA, India […]
Boeing agrees to $51 million settlement for US export violations, including in China
Boeing said on Thursday it had reached a $51 million settlement with the US State Department for numerous export violations including Chinese employees in China improperly downloading documents related to US Defense Department programs. The State Department said from 2013 through 2017 three Chinese employees at Boeing facilities in China downloaded technical data involving programs […]
Apple to wind down electric car effort after decade-long Odyssey
Apple Inc. is canceling a decadelong effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company. Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not to […]
Plan to enter mass market EV segment in India: Skoda Auto
Mumbai: Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company’s management board member Martin Jahn said on Wednesday. The company is gearing up to enter the electric vehicles segment in India […]
Air India Express plans 40% increase in flights
Mumbai: Low cost carrier Air India Express plans to operate 40 per cent more flights in the next financial year as well as start services to Nepal, Bangladesh and Sri Lanka, sources said on Wednesday. The Tata Group-owned airline — which is in the process of merging AirAsia India, now rebranded AIX Connect — is […]
AirAsia to fly from five more Indian cities by year-end
Chennai: Low-cost carrier AirAsia, which currently operates flights to Malaysia and Thailand from 14 Indian cities, plans to add five more locations from the country to its network by the end of 2024, a senior company official said on Tuesday. The airline is also pushing the Indian and Malaysian governments to conclude new bilateral agreements […]
Man jumps on railway tracks at Bhayandar station; saved by RPF personnel and commuters
Mumbai: Alert officials of the Railway Protection Force and some commuters saved the life of a man who jumped on railway tracks from a Foot Over Bridge (FOB) at Bhayandar station near Mumbai. A video of a man plunging from the FOB connecting Bhayandar East to West went viral on Friday, an official said. “RPF […]