Indian Oil Corporation (IOC) has signed a deal to buy 3 million tonnes of crude worth $1.5 billion from the United States during the next fiscal. The deal, which is the first ever by an Indian firm, is seen as an attempt to strengthen strategic energy cooperation between the two nations and reduce the trade […]
Category: The Telegraph
Telegraph
Airlines set for growth flight
Airline companies are ready to benefit from an expanding middle class and the induction of fuel-efficient aircraft, which will also enable them to overcome the chronic problems associated with high fuel prices and the depreciating rupee. Domestic aviation companies are now facing turbulence with crisis- hit Jet Airways suffering a loss of Rs 588 crore […]
3 private companies show interest in cable bridge construction over Hudco Lake
Three private companies have evinced interest in constructing the proposed cable-stayed bridge over Hudco Lake in suburban Govindpur. Two of these are from Calcutta and the third from Delhi. The tender was opened here on Saturday. “Three construction firms, including the one that set up Domuhani bridge over Subernarekha river, have shown interest. We will […]
Crude bill spurts fear
The oil import bill for the current fiscal is set to jump 27 per cent to $112 billion because of a spike in global crude prices and the depreciation of the rupee, according to the latest estimates. The import bill in the next fiscal could increase further, if the geopolitical situation worsens. “The import bill […]
Breather for Anil Ambani firms
In a major relief to Anil Ambani, his Reliance Group is understood to have reached an in-principle standstill understanding with more than 90 per cent of its lenders at the promoter group level. Under the pact, these 90 per cent lenders, largely comprising mutual funds, will not enforce security and sell any of the promoters’ […]
Room for more planes at Birsa Munda Airport
Birsa Munda Airport, which has witnessed a passenger surge over the past five years, will be able to accommodate more aircraft from May. Airport director Pravat Ranjan Beuria said groundwork for an additional apron (tarmac) had been completed and they were waiting for a nod from the Directorate General of Civil Aviation (DGCA). “We have […]
OIL office blocked over road
Activists of the All Assam Gorkha Students’ Union, Chutia Students’ Union and the All Assam Adivasi Students’ Union on Friday started an indefinite blockade over non-construction of a road by Oil India Limited at Naoholia in Dibrugarh district. Local residents, including women, also blocked the entry of OIL employees into the office. They also did […]
Dug-up road poses risk at Kanke
Digging of a nearly 30-metre stretch of road for construction of drains at Kanke in Ranchi is putting commuters to risk. Work on the construction of roadside drains is being carried out for nearly two years, but three days back the agency hired by Ranchi Municipal Corporation dug up the middle of the 20-feet wide […]
Calcutta civic body orders hoardings off footbridges
The civic body has asked agencies responsible for the upkeep of footbridges in Calcutta to remove hoardings and run a health check on every structure, a Calcutta Municipal Corporation official said on Saturday. Removing the hoardings will help shed the extra load that can weaken the footbridges, the official said. The agencies must take remedial […]
Not enough clients, Airbus abandons iconic A380 superjumbo
European plane manufacturer Airbus said on Thursday it will stop making its superjumbo A380 in 2021 for lack of customers, abandoning the world’s biggest passenger jet and one of the aviation industry’s most ambitious and most troubled endeavours. Barely a decade after the 500-plus-seat plane started carrying passengers, Airbus said in a statement that key […]
Rights issue on Jet Airways revival radar
Crisis-hit Jet Airways may come out with a rights issue that could see the participation of promoter Naresh Goyal and Etihad. The board of the full service carrier had approved a bank-led resolution plan (BLPRP) on Thursday to plug a funding gap of around Rs 8,500 crore. While this includes equity infusion apart from debt […]
Two more AI flights to link Aizawl
Air India, the only airline currently operating between Aizawl and Calcutta, will start services on two more routes, Aizawl to Guwahati and to Delhi from March, sources said on Thursday. State BJP spokesperson Johny Lalthanpuia said civil aviation minister Suresh Prabhu had promised to introduce Air India flights to Delhi and Guwahati from Aizawl during […]