New Delhi: India will test all imported equipment used in power supply system and network for malware trojans and cyber attacks while putting a virtual ban on imports from ‘prior-reference’ countries such as China and Pakistan, an order issued by the power ministry said. The order dated July 2 (Thursday) was posted on the website […]
Category: The Economic Times
Economictimes
Domestic airlines may need USD 3-3.5 bn funding amid travel demand uncertainty: CAPA
Domestic airlines, excluding IndiGoNSE 1.03 %, may require funding requirements to the tune of USD 3-3.5 billion, with travel demand likely to remain subdued until the September quarter and no certainty of revival in the second half, aviation consultancy CAPA said in a report on Friday. The Centre for Asia Pacific Aviation (CAPA) had in […]
Domestic air traffic to decline by 41-46% in FY21 due to COVID impact: Icra
MUMBAI: The recommencement of commercial passenger flight services in a graded manner is unlikely to help the domestic aviation industry recover in the current financial year with domestic air traffic expected to shrink by 41-46 per cent and international travel demand by a negative 67-72 per cent year-on-year owing to COVID-19, a report said on […]
More Indian flights from UAE announced, bookings to open
Dubai: India has announced nine more repatriation flights from the UAE, ticket sales for which will open later on Friday. Air India Express will operate these flights under the Vande Bharat Mission to south Indian cities from Sharjah, according to the Indian Consulate in Dubai. “All Indian nationals are advised to take note of direct […]
Scheduled international flights suspended till July 31, some on selected routes may be allowed: DGCA
NEW DELHI: The aviation regulator DGCA said on Friday it was extending the suspension of scheduled international passenger flights in the country till July 31 but added that some international scheduled services on selected routes may be permitted on a case to case basis. Scheduled international passenger flights were suspended in India on March 23 […]
Vande Bharat fares cut for US, Canada
Mumbai | New Delhi: Air India has slashed Vande Bharat repatriation flight tickets to and from North America by 25-45% in a move that will bring relief to Indians stranded in the US. The economy class fare for a New York-Delhi flight is ₹75,461 compared with more than ₹107,000 in the earlier phases. A Toronto-Delhi […]
Irdai examining feasibility of insurers offering surety bonds for road contracts
NEW DELHI: Regulator Irdai has decided to examine the feasibility of introducing surety bonds by insurance companies for road contracts in the country. In the wake of the COVID-19 pandemic and its subsequent economic impact on liquidity and cash-flows in the Indian banking sector, the Ministry of Road Transport and Highways (MoRTH) had requested the […]
Share price of Petronet LNG Ltd. rises as Nifty strengthens
Shares of Petronet LNGNSE 3.52 % Ltd. gained 3.29 per cent to Rs 269.95 in Friday’s trade as of 10:05AM (IST). The stock hit a high price of Rs 270.35 and low of Rs 261.55 during the session. The return on equity (ROE) for the stock stood at 24.3 per cent. Traded volume on the […]
Coal India trade unions begin 3-day strike; around 4 MT of coal output likely to be hit
New Delhi: Protesting against the government’s decision to allow commercial coal mining, Coal India trade unions started their three-day strike beginning Thursday, a move that may hit around four million tonnes of production. The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated […]
Oil falls as growing coronavirus cases stoke fuel demand worries
SEOUL: Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed the prospects of fuel demand recovery. Brent crude futures were down 37 cents, or 0.9%, at $42.77 a barrel as of 0042 GMT, and U.S. West Texas Intermediate (WTI) crude futures […]
Oil prices steady amid US unemployment, fuel demand concerns
NEW YORK: Oil futures were little changed on Thursday, supported by a fall in U.S. unemployment and Wednesday’s drawdown in crude inventories, but the spike in U.S. coronavirus infections fanned concerns that economic activity will weaken in coming weeks. New COVID-19 cases in the United States rose by nearly 50,000 on Wednesday, according to a […]
Dilip Buildcon may snap 6-day losing streak
Shares of Dilip Buildcon look set to snap their six-day losing streak in Thursday’s session after the company informed bourses that its joint venture has declared as the lowest (L-1) bidder for a new EPC Project in Gujarat. The scrip traded 4.23 per cent up at Rs 283.05 at around 11.50 am (IST), while the […]