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 […]
Category: The Asian Age
Asianage
Centre mulls installing electric vehicle charging kiosks at 69,000 petrol pumps
New Delhi: The government is mulling setting up at least one electric vehicle (EV) charging kiosk each at nearly 69,000 petrol pumps across the country to induce people to go for electric mobility. Besides, the government is also thinking of making it compulsory to install EV charging kiosks at all Company-Owned, Company-Operated (COCO) petrol pumps […]
Fire-stricken oil tanker pushed away from Sri Lankan coast
Colombo: A fire-stricken oil tanker was pushed away from Sri Lanka’s coast and into deeper waters on Saturday, rescuers said, after successfully containing the blaze during a 36-hour operation. The Panamanian-registered New Diamond carrying 270,000 tonnes of crude had drifted dangerously close to the eastern shores of Sri Lanka since issuing a distress message on […]
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 […]
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 […]
Indian Oil Corp-chartered oil tanker catches fire off Sri Lanka
New Delhi/ Colombo: A fully loaded oil tanker has caught fire off the east coast of Sri Lanka, which has dispatched an aircraft and two navy ships to help in the rescue, a Sri Lankan navy spokesman said on Thursday. The New Diamond, a very large crude carrier (VLCC) chartered by Indian Oil Corp (IOC), […]
2 dead, 2 missing after Mauritius oil spill clean-up boats collide
PORT LOUIS: The prime minister of Mauritius said Tuesday two sailors were dead and two others missing after a tugboat assisting in a major oil spill clean-up off the Indian Ocean island collided with a barge. A search was under way for the missing crew after the accident late Monday as the boats returned from […]
United Airlines to cut 16,370 jobs as COVID hammers demand
CHICAGO: United Airlines is preparing to furlough 16,370 workers when federal aid expires on Oct. 1 as the coronavirus pandemic continues to devastate the airline industry, it said on Wednesday. Chicago-based United had over 90,000 employees before the pandemic brought the industry to a near standstill in March. It warned in July that 36,000 jobs […]
Vistara announces leave without pay for three days for pilots in September
Mumbai: Vistara has decided to introduce three days of leave without pay for its pilots in September amid the airline industry continuing to grapple with weak travel demand due to the coronavirus pandemic, according to an airline source. The three-days leave without pay (LWP) measure for pilots is in addition to a cut in monthly […]
39 dolphins, 3 whales wash up on Mauritius after oil spill
Johannesburg: The number of dead dolphins that have washed ashore on the Indian Ocean island nation of Mauritius after an oil spill has risen to 39, the government said Friday, ahead of protests this weekend against authorities’ handling of the disaster at sea. Three whales also were found dead Friday, an environmental expert said. It’s […]
Adani Group seals deal to take control of GVK’s Mumbai airport
New Delhi: Billionaire Gautam Adani’s Adani Group on Monday said it has reached an agreement to acquire GVK Group’s shareholding and control of Mumbai airport. Adani Airport Holdings has “entered into an agreement to acquire the debt of GVK Airport Developers,” Adani Enterprise said in a regulatory filing. GVK Group holds 50.50 per cent equity […]
Air India has been an asset: Hardeep Puri hopeful of privatising Air India in 2020
New Delhi: The government should not be running airports and airlines Union Civil Aviation Minister Hardeep Singh Puri said on Sunday adding that he is hopeful of completing Air India’s privatization process within 2020. “Air India has been an asset and has a very good record, very trained professional people. But, the government should not […]