The government has slashed the windfall tax on domestically produced crude oil to Rs 6,300 per tonne from Rs 9,800 per tonne and on the export of diesel, the tax was reduced to Re 1 per litre from Rs 2 per litre in line with softening international oil prices. The tax is levied in the […]
Category: The Telegraph
Telegraph
ONGC bid for energy transition, to invest Rs 1 trillion to set up two petrochemical plants
New Delhi: State-owned ONGC plans to invest about Rs 1 lakh crore to set up two petrochemical plants to convert crude oil directly into high-value chemical products as it prepares for an energy transition. “We have plans to invest Rs 1,00,000 crore by 2028 or 2030 in two projects in two separate states,” said D. […]
Air India pilot dies after showing signs of discomfort during training session
A senior Air India pilot died on Thursday morning after showing signs of discomfort during a training session at the Delhi airport, according to officials. The pilot appears to have suffered a cardiac arrest, they added. The officials said that Himmanil Kumar, who was in his 30s, was at a training session at the operations […]
Israel forces at Gaza hospital: Without electricity or fuel, patients are dying, say medical staff
Israeli military vehicles advanced on Monday to the gates of the besieged Al-Shifa hospital complex, Gazan health officials said, as medical staff detailed the increasingly calamitous conditions inside a facility where fuel, medicine and food are running out for the hundreds of patients and thousands of people sheltering there. Without electricity or fuel, dozens of […]
Modi government mulls five-year tax cut for electric vehicles amid bid to woo Tesla
The Modi government may cut duty on the imports of completely-built units of electric vehicles for a period of up to five years to attract the likes of Tesla Inc, which commit to manufacturing them in the country. The quantum of duty to be cut and the investment commitment are still being worked out. The […]
Airbus ties up with HAL to set up MRO unit in India for A320 aircrafts
Airbus has tied up with Hindustan Aeronautics Ltd to set up a maintenance repair overhaul (MRO) unit in the country for the A320 family of aircraft in Nasik, Maharashtra. This collaboration with the largest European aircraft manufacturing company will increase self-reliance in the aircraft maintenance, repair, and overhaul (MRO) industry in India, HAL said. The […]
Air India bets on generative artificial intelligence; to introduce more AI features to address customer queries
Air India plans to introduce sophisticated features to its generative artificial intelligence virtual agent that handles more than 6,000 customer queries daily. The Tata Group-owned airline is using ChatGPT to analyse even some complex questions it may not be able to immediately answer to improve customer experience in later interactions and is helping it to […]
Centre wants to bring petrol, diesel under GST but Congress adopting double standards on issue: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday said the Union government wants to bring petrol and diesel under the ambit of the Goods and Services Tax (GST), but the Congress is adopting “double standards” on the issue. The Bharatiya Janata Party and the central government have been in favour of bringing petroleum products under the GST […]
ONGC profit drops 20 per cent on decline in oil prices and lower output
The Oil and Natural Gas Corporation (ONGC) has reported a 20 per cent drop in the September quarter net profit on a decline in oil prices and lower output. The company reported a net profit of Rs 10,216 crore in July-September quarter compared with Rs 12,826 crore in the same period last year. This is […]
Coal India registers 12.73 per cent rise in net profit for July-September quarter
Coal India on Friday reported a 12.73 per cent rise in net profit for the second quarter ended September 30, on the back of a higher production and offtake despite softer e-auction prices. Net profit during Q2FY24 was Rs 6,813.5 crore compared with Rs 6,043.99 crore in Q2FY23, ahead of market estimates. Revenue from operations […]
Government mulling another round of cooking gas subsidies under Ujjwala Yojana scheme
The government is mulling another round of cooking gas subsidies under the Ujjwala Yojana scheme even as it keenly monitors inflationary pressures on the economy. The scheme offers cheap LPG to women of BPL households. “The possibility of another round of subsidy for Ujjwala beneficiaries cannot be ruled out. A call would be taken on […]
Long-haul carrier Emirates opens Dubai Air Show with $52 billion aircraft purchase from Boeing
Long-haul carrier Emirates opened the Dubai Air Show with a $52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, and even as Israel’s war with Hamas clouds regional security. That conflict, as well as Russia’s war on Ukraine, likely will influence the five-day show […]