State-owned NTPC’s net profit inched up by 1% year-on-year (y-o-y) to Rs 2,385.4 crore in the three months ended December 2018 as country’s largest power generator showed signs of recovering from chronic coal supply woes plaguing the company since the beginning of 2017.
Category: The Financial Express
The Financial Express
JSW energy Q3 profit trebles to Rs 146 crore
JSW Energy’s net profit for the December quarter rose three-fold on-year to Rs 146.13 crore as operating margins rose 114 basis points, and sales realisations improved during the period.
Jet Airways may turn to Adani Group for investment
Jet Airways promoter-chairman Naresh Goyal is understood to have approached the Adani Group with a proposal to invest in his ailing airline, which is in dire need of funds. As is known, Jet was earlier in talks with Tata Group but it seems the talks did not lead to any concrete result with the latter […]
Chanda Kochhar indicted in ICICI-Videocon case; former top boss violated code of conduct, finds enquiry
The Justice Srikrishna panel, set up to independently enquire the allegations of quid pro quo in the controversial Videocon loan case, has indicted Chanda Kochhar, the former CEO and MD of ICICI Bank. The bank has said that the independent enquiry has found the former top boss in violation of code of conduct.
Jet Airways cancels 19 flights on Delhi, Mumbai, Bengaluru, Chennai route as 4 Boeing aircraft grounded
Cash-strapped carrier Jet Airways, which is struggling to remain afloat amid a financial crisis, Tuesday cancelled 19 fights after it grounded four of its Boeing 737 aircraft. The company sourced told The Indian Express that the cancellation of flights happened as the lessors are shortly to take back possession of these aircraft.
Meghalaya’s mining quandary: No rat-hole mine is environmentally sound and safe, ban it forever
Anyone who has seen a rat-hole coal mine up-close would have known that the chances of survival of the 15 miners trapped in a mine at Ksan in Meghalaya’s East Jaintia Hills was slim once the mine was flooded. I have been inside one of these mines and can tell you that it is beyond […]
Power transmission projects: Less than 18% of Rs 10,894-crore funds utilised
Thanks to slow implementation of schemes aimed to de-congest electricity transmission networks, less than a fifth of Rs 10,894 crore sanctioned by the Union power ministry from the Power System Development Fund (PSDF) since 2014 has been utilised so far.
Air India extends sale: Now, book flight tickets for as low as Rs 979 till January 31
Air India has extended it sale offer, announced on Republic Day, till January 31, the national carrier said on Twitter. The airline is offering domestic and international flight tickets for as low as Rs 979 and Rs 6,000 respectively under the offer as its tribute to the nation on the occasion. According to the official […]
Jet Airways deal: SBI may get 15% in beleaguered airline
Cash-strapped carrier Jet Airways may see State Bank of India acquiring a stake of around 15% in it once it converts a part of its loan into equity as part of a restructuring package of the airline.
Fly from Ahmedabad and Hyderabad to Nashik in less than Rs 2,500! Alliance Air to start flights under UDAN
Now fly easily from Ahmedabad and Hyderabad with cheap, affordable flights as Modi government’s UDAN scheme diversifies its wings! Alliance Air, which is the regional arm of the national carrier Air India has announced air operations from Hyderabad to Ahmedabad to Nashik from February 1, according to a recent PTI report. The new service is […]
World’s longest expressway in UP! Yogi govt approves Ganga Expressway connecting Prayagraj with Western UP
Ganga Expressway: Uttar Pradesh is set to construct the world’s longest expressway! During the ongoing Kumbh Mela, the Yogi Adityanath-led UP government approved the construction of the Ganga Expressway for better connectivity of Prayagraj with western districts of the state. UP Chief Minister Yogi Adityanath presided over the cabinet meeting, where the approval for the […]
Maharashtra PPAs: two stressed power plants get partial relief
In what might be seen as a breather to Rattan India Power’s 1,350 MW Nashik plant and KSK Group’s 540 MW unit in Wardha, the Maharashtra electricity regulatory commission (MERC) has ordered the state discom to revise the quantum of capacity alloted to power generators in 2012 against bids for 1,090 MW.