Oil expert warns ‘2022 is going to be a problematic year’ Tom Kloza, global head of energy analysis at the Oil Price Information Service, argues that even if the new COVID variant did not surface, prices for gas are expected to ‘ease’ over the next three months. Tom Kloza, global head of energy analysis at […]
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Airports to attract ₹90,000 crore in investments over five years: Civil Aviation Secretary
Airport count to rise to 220, from 136 currently: Rajiv Bansal The airports sector is expected to see an investment of ₹90,000 crore in a five-year period, with almost ₹68,000 crore coming from the private players, a senior official said on Wednesday. The civil aviation sector, which was battered by the COVID-19 pandemic that had […]
Prolonged suspension of international flights impacting airlines' financial health: Vistara
In October, domestic air traffic rose 70% year-on-year to 89.85 lakh passengers, as per the latest DGCA data. As the pandemic clouds slowly clear, Vistara on Sunday said a prolonged suspension of scheduled international flights to and from India is impacting the financial health of most airlines and also cautioned that it might be too […]
India coffee output hit by rains
Industry also affected by rising wage, input costs India’s arabica coffee production will drop by 30% and robusta by 20% this harvest season ending January on account of excessive rainfall, plant damage, bean splitting and berry dropping, as per data provided by the planters’ community. According to Coffee Board’s post-monsoon estimates, arabica production in India […]
India coffee output hit by rains
Industry also affected by rising wage, input costs India’s arabica coffee production will drop by 30% and robusta by 20% this harvest season ending January on account of excessive rainfall, plant damage, bean splitting and berry dropping, as per data provided by the planters’ community. According to Coffee Board’s post-monsoon estimates, arabica production in India […]
Adani to invest $70 billion in renewable energy, produce cheapest hydrogen
Adani Group already is the world’s largest solar power developer. Billionaire Gautam Adani on Thursday said his logistics-to-energy conglomerate will invest $ 70 billion over the next decade to become the world’s largest renewable energy company and produce the cheapest hydrogen on the Earth. Adani Green Energy Ltd (AGEL), the world’s largest solar power developer, […]
Ask Us: On investments
Of the investments you already make, NPS and EPF, and PPF are very good choices to take care of your retirement or other long-term goals. Q. I am a PSU employee with a salary of ₹29,000 p.m. I save about 60% of salary. The PSU deducts for NPS and EPF. I have bought three life […]
Indian Oil Corporation to set up 10,000 EV charging stations in three years
Prime Minister Narendra Modi made a bold pledge to cutting emissions at the world’s third-biggest emitter to net-zero by 2070. Indian Oil Corporation (IOC), the nation’s largest oil firm, will set up 10,000 charging stations for electric vehicles (EVs) in the next three years as it prepares for the energy transition leading to net-zero by […]
Power ministry comes out with rules to ensure sustainability of sector
A formula has been provided to calculate adjustment in the monthly tariff due to the impact of change in law. The Ministry of Power on Saturday announced new rules to sustain economic viability of the sector, ease financial stress of various stakeholders and ensure timely recovery of costs involved in electricity generation. The ministry notified […]
Microsoft launches new initiative to empower AI startups in India
The first cohort will focus on manufacturing and logistics and the second one will focus on fintech Tech giant Microsoft on Wednesday launched a new programme Microsoft AI Innovate for nurturing and scaling startups that are leveraging Artificial Intelligence (AI). The 10-week initiative will support startups in India leveraging AI technologies, helping them scale operations, […]