California is expected to put into effect on Thursday its sweeping plan to prohibit the sale of new gasoline-powered cars by 2035, a groundbreaking move that could have major effects on the effort to fight climate change and accelerate a global transition towards electric vehicles. “This is huge,” said Margo Oge, an electric vehicles expert […]
Category: The Telegraph
Telegraph
Oil moves past USD 100 mark
Oil prices rose on Wednesday in volatile trading on concerns that the United States will not consider additional concessions to Iran in its response to a draft agreement that would restore Tehran’s nuclear deal, and potentially the Opec’s member’s crude exports. Iran said it had received a response from the United States to the EU’s […]
Cash-strapped SpiceJet scouting for funds, investors
Cash-strapped SpiceJet is exploring multiple options including a stake sale to other airlines to raise up to Rs 2,000 crore, chairman-cum-managing director of the airline Ajay Singh said on Tuesday. Singh said the airline was looking at investments from external parties, including airlines. Without divulging specific details, he said the carrier would do everything to […]
SpiceJet scouting for funds from airlines, external parties: chief Ajay Singh
SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier’s chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence — especially with many of its flights suffering technical snags — and subsequently, the airline has faced actions […]
Siliguri’s Balason bridge resumes two-way traffic
The Balason river bridge in Siliguri reopened to twoway traffic on Monday, after a gap of 10 months during which it was being repaired. The reopening of the bridge, located on NH10 between Bagdogra and Darjeeling More, has come as a relief for lakhs of residents in and around the city and thousands of daily […]
Air Traffic Controller tests positive for psychoactive substance
An Air Traffic Controller at the Delhi airport has tested positive for a psychoactive substance and has been removed from duty by the aviation regulator DGCA, sources said on Sunday. This is the first instance in the country of an Air Traffic Controller (ATC) testing positive for a psychoactive substance after the rules for testing […]
Smoke alarm: IndiGo flight makes emergency landing in Calcutta
An IndiGo flight from Delhi to Kolkata suffered a “false cargo smoke warning” before landing on Sunday and aviation regulator DGCA will probe the incident. The flight carrying more than 160 people landed safely at the Calcutta airport. After arrival at the airport, inspections were carried out in the Airbus aircraft and the “warning was […]
Road transport and highways sector has maximum number of delayed projects: Govt
The road transport and highways sector has the maximum number of delayed projects at 300, followed by railways at 119 and petroleum sector at 90, showed a government report. In the road transport and highways sector, 300 out of 825 projects are delayed. In railways, out of 173 projects, 119 are delayed, while for petroleum, […]
DGCA suspends SpiceJet pilot for ignoring co-pilot’s input
Aviation regulator DGCA has suspended the licence of a SpiceJet pilot for six months following an incident where the airline’s flight from Mumbai to Durgapur faced severe turbulence and resulted in injuries to many passengers in May. In the incident that happened on May 1, as many as14 passengers and three cabin crew members were […]
Adanis seal Rs 7000 crore power deal
Adani Power on Friday said it will acquire DB Power Ltd, which owns and operates a 2 x 600 MW thermal power plant at district Janjgir Champa in Chhattisgarh, at an enterprise value of Rs 7,017 crore for cash consideration. DB Power has long-and-medium-term power purchase agreements for 923.5 MW of its capacity, backed by […]
Big blow to refiner margins
The higher windfall tax on diesel and the surprising decision to re-introduce the levy on aviation turbine fuel will reduce the gross refining margin (GRM) of refiners to the extent of about $1.5 per barrel, analysts said. While the cut in the profit tax on domestic crude production was along expected lines — because of […]
Govt hikes windfall profit tax on export of diesel; cuts tax on domestic crude oil
The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates. At the third fortnightly review, the government raised the windfall profit tax on […]