fuel costs

Car pools offset spiralling fuel costs


September 17th, 2012 - 11:04 pm ICT by IANS
Toronto, Sep 17 (IANS) When it comes to something as personal and expensive as a car, sharing is not easy. But due to spiralling fuel costs, global warming and overcrowded ... Read more...

Posted in Environment |

Solar grid parity by 2017, says ministry


August 30th, 2012 - 9:45 pm ICT by IANS
New Delhi, Aug 30 (IANS) Power produced by solar plants will be sold at the same price as that from conventional sources like coal by 2017, a power ministry official ... Read more...

Posted in Environment |

US issues fuel efficiency standards for cars, trucks


August 29th, 2012 - 1:12 pm ICT by IANS
Washington, Aug 29 (IANS) The US government has finalized record high standards to double fuel efficiency for cars and trucks by 2025.Under the new standards, fuel efficiency will increase to ... Read more...

Posted in Business |

Air India yet to decide on direct ATF import: Ajit Singh


August 28th, 2012 - 9:40 pm ICT by IANS
New Delhi, Aug 28 (IANS) Air India has not yet decided about importing Air Turbine Fuel (ATF) directly, Civil Aviation Minister Ajit Singh said Tuesday. The minister said this in ... Read more...

Posted in Business |

Kingfisher Airlines posts Q1 losses of Rs.651 crore


August 11th, 2012 - 4:44 pm ICT by IANS
Mumbai, Aug 11 (IANS) Cash-strapped Kingfisher Airlines Saturday reported a net loss of Rs.650.78 crore for the quarter ended June 30, 2012 from a loss of Rs.1,151 crore in the ... Read more...

Posted in Business |

In a subdued auto market, Asian companies log growth in July (Roundup)


August 1st, 2012 - 9:01 pm ICT by IANS
Chennai, Aug 1 (IANS) Even as the demand for automobiles remains subdued owing to high interest rates, rising fuel costs and uncertain economic conditions, Asian vehicle makers in general maintained ... Read more...

Posted in Business |

Birla Corp Q1 net down 24 percent


July 28th, 2012 - 10:32 pm ICT by IANS
Kolkata, July 28 (IANS) Birla Corporation, the flagship company of the M.P. Birla group, Saturday announced a 24.26 percent slide in its net profit to Rs.84.74 crore for the quarter ... Read more...

Posted in Business |

Magma Fincorp Q1 net jumps 93 percent


July 12th, 2012 - 6:06 pm ICT by IANS
Kolkata, July 12 (IANS) City-based non-banking finance company (NBFC) Magma Fincorp Thursday reported a 92.76 percent jump in its consolidated net profit to Rs.33.02 crore for the quarter ended June ... Read more...

Posted in Business |

S&P; lowers Tata Power outlook to ‘negative’


July 9th, 2012 - 5:32 pm ICT by IANS
New Delhi, July 9 (IANS) Global ratings agency Standard & Poor's (S&P;) Monday said it has lowered its outlook on Tata Power to "negative" from "stable" and might cut the ... Read more...

Posted in Business |

Air India to lease out fuel guzzling 777s


June 12th, 2012 - 4:31 pm ICT by IANS
New Delhi, June 12 (IANS) Air India will lease out some of its fuel-guzzling Boeing 777s to private airlines to save on costs and restructure international operations on receiving the ... Read more...

Posted in Business |

Shrimp’s fist-like club inspires new body armour


June 8th, 2012 - 4:02 pm ICT by IANS
Washington, June 8 (IANS) A unique structure of the club-like arm of a shrimp that looks like an armoured caterpillar, could help transform military body armour and vehicle and aircraft, ... Read more...

Posted in World |

Air India to cut loss-making routes (Lead)


June 5th, 2012 - 9:36 pm ICT by IANS
New Delhi, June 5 (IANS) Air India may cut some of its loss-making routes under a new business plan it has worked out, sources in the civil aviation ministry ... Read more...

Posted in Business |

Nuclear power corporation not affected by rupee depreciation


May 30th, 2012 - 5:07 pm ICT by IANS
Chennai, May 30 (IANS) The rupee depreciation will not impact the Nuclear Power Corporation of India Ltd (NPCIL) as it has already imported the required quantities of uranium, said a ... Read more...

Posted in Sci-Tech |

High interest rate, fuel prices slow down car sales (Lead)


May 10th, 2012 - 6:16 pm ICT by IANS
New Delhi, May 10 (IANS) Passenger car sales in India grew by a mere 3.40 percent in April, the slowest in 10 years, as high interest rates and rising fuel ... Read more...

Posted in Business |

Car sales grew only 3.40 percent in April


May 10th, 2012 - 4:52 pm ICT by IANS
New Delhi, May 10 (IANS) Domestic passenger car sales in India increased by only 3.40 percent in April and stood at 168,351 units from 162,813 units sold in the like ... Read more...

Posted in Business |

US airline passengers go up


April 4th, 2012 - 3:51 pm ICT by IANS
Washington, April 4 (IANS) Passengers who travelled on US airlines and foreign airlines serving the US continued to increase in 2011, the US Transportation Department reported.Domestic and international airline passengers ... Read more...

Posted in Business |

Indian aviation grew 12.3 percent in February: IATA


April 3rd, 2012 - 6:08 pm ICT by IANS
Geneva, April 3 (IANS) Despite its continuing financial woes, India's aviation sector logged 12.3 percent growth in February, the second fastest among major domestic markets in the world, the International ... Read more...

Posted in Business |

Air India to import aircraft turbine fuel direct


March 27th, 2012 - 9:22 pm ICT by IANS
Mumbai, March 27 (IANS) In a move that will improve the finances of Air India, the airline's board Tuesday approved direct import of Aviation Turbine Fuel, an official said here.For ... Read more...

Posted in Business |

SpiceJet shares rise 4.11 percent as Maran raises stake


March 3rd, 2012 - 6:02 pm ICT by IANS
Mumbai, March 3 (IANS) Shares of budget carrier SpiceJet Saturday closed 4.11 percent up after it became known that promoter Kalanithi Maran would infuse Rs.100 crore into the airline in ... Read more...

Posted in Business |

SpiceJet promoter to infuse Rs.100 crore


March 2nd, 2012 - 10:35 pm ICT by IANS
New Delhi, March 2 (IANS) Budget carrier Spicejet Friday said its promoter Kalanidhi Maran will infuse Rs.100 crore into the passenger carrier in lieu of five percent equity or additional ... Read more...

Posted in Business |

All’s well, disruptions due to bird hits: Kingfisher


February 19th, 2012 - 11:58 am ICT by IANS
Mumbai, Feb 19 (IANS) The beleaguered privately-run Kingfisher Airlines (KFA) Sunday declared that despite flight disruptions in the past couple of days, it has not shut down any stations from ... Read more...

Posted in Business |

Kingfisher Airlines third quarter loss at Rs.444 crore


February 16th, 2012 - 5:24 pm ICT by IANS
Mumbai, Feb 16 (IANS) High fuel costs and falling revenue resulted in Kingfisher Airlines' losses in the third quarter of the current fiscal mounting to Rs.444 crore from a net ... Read more...

Posted in Uncategorized |

Car sales to fall in 10 years despite growth in January (Lead)


February 8th, 2012 - 6:46 pm ICT by IANS
New Delhi, Feb 8 (IANS) Car sales grew for the third straight month in January by 7.2 percent, but the industry for the first time since 2002 is expected to ... Read more...

Posted in Business |

Car sales grew 7.2 percent in January


February 8th, 2012 - 5:17 pm ICT by IANS
New Delhi, Feb 8 (IANS) Car makers started 2012 on a positive note, with sales up 7.2 percent in January -- the third consecutive month of gains after a lacklustre ... Read more...

Posted in Business |

Maruti Suzuki’s third quarter net profit down 63.6 percent


January 23rd, 2012 - 5:07 pm ICT by IANS
Mumbai, Jan 23 (IANS) Maruti Suzuki Monday reported a 63.6 percent decline in net profit for the third quarter of the current fiscal at Rs.205.62 crore as high interest rates ... Read more...

Posted in Business |

Vehicle sales up 8.45 percent in December


January 10th, 2012 - 10:38 pm ICT by IANS
New Delhi, Jan 10 (IANS) Total vehicles sales across categories grew by 8.45 percent in the month of December at 14,13,709 units from 13,03,516 units in December 2010, the Society ... Read more...

Posted in Business |

Hyundai to increase car prices from January


December 7th, 2011 - 4:55 pm ICT by IANS
New Delhi, Dec 7 (IANS) Automobile major Hyundai Motor Wednesday said it will hike prices by 1.5 percent to two percent across models from January 2012."The price increase will come ... Read more...

Posted in Business |

Auto-industry’s mixed results for November sales


December 1st, 2011 - 7:53 pm ICT by IANS
New Delhi/Chennai, Dec 1 (IANS) Battling high interest and fuel costs coupled with a negative consumer sentiment, the Indian automobile industry Thursday came out with a mixed-bag of sales results ... Read more...

Posted in Business |

Petrol costlier in India than in neighbours, US


November 29th, 2011 - 8:22 pm ICT by IANS
New Delhi, Nov 29 (IANS) Petrol costs more in India when compared to neighbouring countries like Pakistan, Bangladesh, Sri Lanka and is even dearer than what is charged in the ... Read more...

Posted in Business |

Jet needs to raise cash flows, funds, say auditors


November 22nd, 2011 - 5:57 pm ICT by IANS
Mumbai, Nov 22 (IANS) Airline major Jet Airways needs to generate cash flows or raise funds to meet its existing obligations, including the support to its low-cost subsidiary JetLite, the ... Read more...

Posted in Business |

Unfair to write Kingfisher’s epitaph: Mallya (Lead)


November 15th, 2011 - 6:06 pm ICT by IANS
Mumbai, Nov 15 (IANS) Kingfisher Airlines chairman Vijay Mallya Tuesday came out strongly in defence of the carrier, refuting media reports that the airline was on verge of collapse and ... Read more...

Posted in Business |

Planning fuel imports to cut costs: Mallya


November 15th, 2011 - 4:25 pm ICT by IANS
Mumbai, Nov 15 (IANS) Cash-strapped Kingfisher Airlines chairman Vijay Mallya Tuesday said they were planning to directly import jet fuel to cut costs."We have applied officially to the ministry of ... Read more...

Posted in Business |

Kingfisher Q2 losses at Rs.468 crore, board to meet again


November 15th, 2011 - 2:53 pm ICT by IANS
Mumbai, Nov 15 (IANS) Kingfisher Airlines, which continues to cancel many flights while struggling with an exodus of pilots and huge debts, Tuesday reported a net loss of Rs.468.66 ... Read more...

Posted in Business |

Jet Airways reports Rs.713.60 crore Q2 net loss


November 11th, 2011 - 11:31 pm ICT by IANS
Mumbai, Nov 11 (IANS) Airline major Jet Airways Friday reported a net loss of Rs.713.60 crore in the second quarter of 2011-12 from a net profit of Rs 12.40 crore ... Read more...

Posted in Uncategorized |

Hero MotoCorp Q2 profit rises 19.4 percent


October 18th, 2011 - 9:54 pm ICT by IANS
New Delhi, Oct 18 (IANS) Two-wheeler major Hero MotoCorp Ltd Tuesday posted an increase of 19.4 percent in net profit at Rs.603.62 crore during the quarter ended Sep 30, over ... Read more...

Posted in Business |

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