New Delhi: State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) have been slapped fines for the third straight quarter for failing to meet listing norm requirements of having the requisite number of directors on their board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers Oil […]
Category: Deccan Herald
Deccan Herald
Adani hints at future collaborations with Uber after meeting CEO Dara Khosrowshahi
New Delhi: Billionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between his conglomerate and the ride-hailing app. Taking to X, both business leaders appreciated their conversation on the Indian growth story and their vision for the subcontinent. “Absolutely captivating […]
CM Stalin lays foundation stone for VinFast’s EV plant in south Tamil Nadu
Tuticorin: Tamil Nadu Chief Minister MK Stalin on Sunday laid the foundation stone of Vietnamese EV manufacturer VinFast Auto’s vehicle and battery product facility.VinFast, a major competitor to American electric vehicle (EV) maker Tesla, has earmarked investments of Rs 16,000 crore in the state. Tesla has been negotiating with the Centre to lower customs duty […]
VinFast breaks ground for its first Indian EV factory in Tamil Nadu’s Thoothukudi
Chennai: Fifty days after signing a Memorandum of Understanding with the Tamil Nadu government, Vietnamese electric vehicle maker VinFast on Sunday began work on building its first India factory in the port city Thoothukudi by holding a ground breaking ceremony. The integrated electric vehicle and battery manufacturing unit will come up in an area of […]
Price parity for EVs within three years on softening prices
Electric vehicles in India are expected to achieve price parity with internal combustion vehicles as early as 2027-28, on the back of easing battery prices, industry insiders and experts told DH. This comes at a time when the growth in sales of electric vehicles has surpassed that of traditional ones, with EV sales registering 100% […]
Vietnam’s VinFast seeks India EV import duty cut as plant construction starts
Thoothukudi: Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday. VinFast has started building a factory in the southern state of Tamil Nadu and […]
Once the leader, Karnataka slips in renewable energy production
Karnataka, which in 2021, had the highest installed capacity for renewable energy production in the country, has fallen behind in the last two years. Renewable energy-rich states such as Rajasthan, Gujarat and Tamil Nadu, in the last two years, have surpassed Karnataka by increasing their installed capacity by at least 9,000 MW, while Karnataka has […]
2020 Pakistan plane crash that claimed 101 lives attributed to ‘human error’
Karachi: A Pakistan International Airlines plane crash that killed 101 people near the Jinnah International Airport here in May 2020 was a result of ‘human error’ by the two pilots, according to the investigation report on the incident. The Aircraft Investigation Board (AIB) finally released its report on the reasons for the Airbus 320 failing […]
Bankrupt Indian airline Go First gets two financial bids, say bankers
Mumbai: India’s Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline’s creditors held on Friday. Budget carrier SpiceJet’s managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of Rs 1600 crore ($193.10 million) for the airline, the […]
Mumbai-Mauritius flight cancelled after passengers endure hours without AC amid engine issue
Passengers, including several infants and a 78-year-old individual, encountered distressing conditions aboard Air Mauritius flight MK749 bound from Mumbai to Mauritius, news agency ANI reported on Saturday. The aircraft’s air conditioning system malfunctioned, leading to passengers experiencing breathing difficulties. Scheduled for departure at 4:30 am, boarding commenced from 3:45 am onwards. However, the flight encountered […]
Namma Metro takes baby steps to build what could become Phase 4
Bengaluru: Namma Metro has started taking baby steps to build what could be Phase 4. On Friday, Bangalore Metro Rail Corporation Limited (BMRCL) invited open bids from consulting agencies to study the feasibility of adding 118 km to the metro network (see table). Companies fulfilling the eligibility criteria are required to submit the bids on […]
New Pamban railway bridge in Rameswaram will be ready very soon: Railway Board chairperson
New Delhi: The Pamban railway bridge, India’s first vertical-lift bridge connecting the country’s mainland with Rameswaram Island, will become operational very soon, Railway Board chairperson Jaya Varma Sinha has said. Varma, who recently visited Rameswaram to review the progress of the work, told PTI on Thursday, “The re-construction work is going very well and we […]