Scientists from city-based National Institute of Ocean Technology (NIOT) will build the country’s first offshore desalination plant about 40km from the Chennai coast with a capacity of about 10 million litres of water per day, said the director of the institute Satheesh C Shenoi.
General Electric Co CEO John Flannery faces a tight two-year race to shed more than $20 billion in assets through dozens of deals and pare down the U.S. industrial conglomerate into three core businesses: power, aviation and healthcare.
The boss of Ultra Electronics Holdings quit on Monday after Britain’s government scaled back its business with the defence contractor, sending its shares tumbling 19 percent.
Indian Oil Corporation Ltd will organise a conclave here on Thursday, with an aim to provide a platform for young investors to interact with business leaders of the petrochemical industry, government functionaries and financial institutions.
Adani Transmission is likely to clinch a deal of Rs 13,000-14,000 crore with Reliance Infrastructure to acquire the latter’s Mumbai power business much before the January 2018 deadline to mark its foray into power distribution business.
Several commuters are facing inconvenience due to delay in the arrival of most long route trains in the city railway station. Passengers waiting for trains to Bihar and UP seemed more impatient, as their trains were running late by several hours.
Crude was down slightly on Friday as expectations that OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to grow.
Passengers at Charbagh railway station were stranded for a long time as more than 60 trains arrived several hours behind the schedule on Friday.
Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month.
S Karaveeraiah, an advocate by profession, hops on to Chamundi Express (train number 16215) at Mysuru city railway station at 6.45am every day.