Coal India said to cut auctions to divert fuel to power stations
New Delhi: Coal India Ltd has cut the amount of the fuel it’s selling at competitive auctions to bolster supplies to power stations to meet demand, said people familiar with the matter. The government has asked the state-run monopoly to cut the quantity auctioned to increase coal supplies at... read more »
Jet Airways to offer full services on all-economy subsidiary JetKonnect
New Delhi: In a bid to take on competition from Tata-SIA Airlines Ltd’s Vistara airline which is yet to start operations, Jet Airways India Ltd on Thursday announced launch of full services even on its all-economy subsidiary JetKonnect from December and plans to consolidate into a single-brand.... read more »
Alibaba in funding talks with Snapdeal
BANGALORE: China’s Alibaba has been in talks with Snapdeal as it looks to enter India’s booming online retail industry, according to two people aware of the development. Alibaba, whose mammoth share sale in the US is underway, is considering investment in Snapdeal as one of its options... read more »
Nigeria’s $9.3M Scandal: Arms Meant For Armed Forces, Niger Delta Militants...
$1m is conservatively N163m. so, $9.3m is N1,514,502,583.61 at today’s exchange rate of $1 : N163. It means almost N2 billion cash found its way out of Nigeria in two private jets. And the jets took off from Abuja. Reports are suggesting one of the jets belong to Christian Association of Nigeria... read more »
SpiceJet starts promotional travel scheme at Rs.699
New Delhi – Continuing with its promotional schemes, budget passenger carrier SpiceJet on Tuesday launched ‘early New Year sale’ for next year with fares starting at... read more »
Judge in Pistorius Trial Faces Criticism
Several legal groups in South Africa have expressed concern about threats and harsh criticism of the judge who found Oscar Pistorius guilty of culpable homicide, but not guilty of the more... read more »
Magnitude-5.6 quake hits north of Tokyo; no tsunami warning
A strong earthquake measuring a preliminary magnitude of 5.6 struck in the Kanto region north of Tokyo on Tuesday, but no tsunami alert was issued. The 12:28 p.m. quake, which originated in... read more »
Iran rejects US-led coalition against IS
Seen from Tehran, which has helped both Damascus and Baghdad to confront IS advances, the coalition lacks credibility because some of its members had financed and armed the group as part of... read more »
Typhoon Kalmaegi sends in ripples to revive monsoon in Bay
Relative calm seems to be dawning on west and northwest India after a delayed rampaging run by the monsoon that lasted until the last week-end but the Bay of Bengal begs to differ. Some models still... read more »
