Cash-strapped SpiceJet will raise more than Rs 2,250 crore through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares at an issue price of Rs 50 each. SpiceJet will issue convertible warrants to 64 allottees, including Prabhudas Lilladher Advisory Services, LKP Finance, Martina Developers, and Fincon. The issue price […]
Category: The Telegraph
Telegraph
CIL capex set to surpass the target of Rs 16,500 crore as mining activity gains momentum
Coal India expects its capital spend in 2023-24 to surpass the target of Rs 16,500 crore as mining activity gains momentum post-monsoon. The government-owned miner’s capex spend was Rs 10,942 crore at the end of November 2023, 7.6 per cent higher than Rs 9,751 crore in the corresponding period of the previous year. “We are […]
Tata Power EV Charging Solutions signs pact with Indian Oil to install charging points
Tata Power EV Charging Solutions (TPEVCSL), an arm of Tata Power, has inked an agreement with Indian Oil Corporation to install more than 500 fast and ultra-fast electric vehicle (EV) charging points in the country. The memorandum of understanding (MoU) between the two will result in Tata Power installing EV charging points across multiple IOC […]
Domestic airlines reported 406 instances of aircraft malfunctioning in Jan-Nov 2023: Government data
Domestic airlines reported 406 instances of aircraft malfunctioning in the first 11 months of this year, according to the government. Minister of State for Civil Aviation VK Singh shared the data in a written reply to the Rajya Sabha on Monday. From January to November 2023, IndiGo reported 233 instances of aircraft malfunctioning, while SpiceJet […]
Seven airlines, including Alliance Air, SpiceJet, IndiGo and Emirates, owe over Rs 95 crore to AAI
Seven airlines, including Alliance Air, SpiceJet, IndiGo and Emirates, together have pending dues of more than Rs 95 crore to the Airports Authority of India (AAI), according to the government. Other foreign airlines that have pending dues are Biman Bangladesh Airlines Ltd, British Airways Plc and Qatar Airways, as per data provided to the Rajya […]
Cooking gas LPG rates for Ujjwala consumers cheapest in India compared to neighbouring nations: Government
The price of domestic cooking gas LPG at Rs 603 for a 14.2 kilogramme cylinder for beneficiaries under Pradhan Mantri Ujjwala Yojana (PMUY) is the cheapest in India when compared to rates in neighbouring countries, Petroleum Minister Hardeep Singh Puri said in the Rajya Sabha on Monday. The minister, during the Question Hour in the […]
Tata Passenger Electric Mobility, BPCL to set up 7,000 EV charging stations
Tata Passenger Electric Mobility on Friday said it has entered into a collaboration with Bharat Petroleum Corporation Ltd to set up 7,000 charging stations. The two companies have signed a memorandum of understanding to collaborate in establishing public charging stations across India. The collaboration will leverage Bharat Petroleum Corporation’s widespread fuel stations network and TPEM’s […]
Tribunal stays penalty on NTPC for non-disclosure on acquisition of Ratnagiri Gas & Power
The National Company Law Appellate Tribunal (NCLAT) has stayed a CCI order that imposed a penalty on state-owned power producer NTPC for not disclosing the acquisition of a 35.47 per cent equity share capital in Ratnagiri Gas & Power Private Ltd. The Competition Commission of India on August 22 imposed a penalty of Rs 40 […]
Directorate General of Civil Aviation plans to come out with framework on gender issues early 2024
The Directorate General of Civil Aviation (DGCA) plans to come out with a framework early next year on what could be done to address gender issues, a top official said on Saturday. Speaking at an event here, DGCA chief Vikram Dev Dutt said the issue of gender has been debated at the regulator informally. “Systemically, […]
Russian oil tanker sailing off India coast awaits India’s green light to enter domestic port and offload crude
It’s a Russian crude oil tanker that’d been sailing nearly two weeks, biding its time, in the Laccadive Sea. The NS Century is waiting for an Indian government green signal to sail into Gujarat’s Vadinar Port to unload its consignment of Russian oil. The Century is one of five ships that have been sanctioned by […]
Oil prices fall after OPEC+ agrees to deepen voluntary oil output cuts
Oil prices fell on Thursday after rising more than 1 per cent earlier in the session after Opec+ oil producers agreed to voluntary output cuts approaching 2 million barrels per day (bpd) for early next year, with each country announcing separately its voluntary cut. Brent crude futures for January fell 50 cents, or 0.6 per […]
Aviation turbine fuel price cut by 4.6 per cent; commercial LPG rate hiked by Rs 21
Jet fuel or ATF price was on Friday slashed by 4.6 per cent – the second reduction in one month – while commercial cooking gas (LPG) rate was raised by Rs 21 per 19-kg cylinder in line with international benchmarks. However, price of domestic LPG – used in household kitchens for cooking purposes – remained […]