eznews.in
Cochin Port Authority (CoPA) has signed a memorandum of understanding with Oil India Ltd (OIL) to establish an offshore oil exploration support base in the Kerala-Konkan basin, enhancing logistical support for OIL's drilling operations set to begin in late 2025. The new facility will include a warehouse, a dry bulk handling plant, and an exclusive jetty, enabling 24/7 support for offshore vessels. This collaboration marks a significant partnership between a major central port and India’s second-largest national oil company, aimed at streamlining operations with services such as berthing, refuelling, and potable water supply. The agreement, valid for an initial 12 months from June, prioritizes environmental safeguards and operational safety, with OIL committing to eco-friendly practices. The strategic location of Cochin Port positions it as a vital hub for India's energy ambitions, promising to bolster infrastructure in the sector. 
Published: Jun 12 2025, 6 pmeznews.inIn a press conference held at Udaan Bhawan in New Delhi on Saturday, Civil Aviation Minister Rammohan Naidu, alongside Minister of State Murlidhar Mohol and Secretary Samir Kumar Sinha, paid tribute to the victims of the recent Air India plane crash in Ahmedabad, which claimed 241 lives, leaving only one survivor. The Boeing 787-8 Dreamliner, en route to London Gatwick, crashed shortly after takeoff on Thursday. A high-level panel, chaired by the home secretary, has been established to investigate the incident, with a report expected in three months. The black box has been recovered, and its analysis is anticipated to provide crucial insights into the crash. Naidu emphasized India's stringent aviation safety standards and announced extended surveillance of the Boeing 787 fleet. He expressed condolences to the victims' families and acknowledged the ongoing DNA testing to identify the deceased. No media questions were taken during the briefing.
Published: Jun 14 2025, 5 pmeznews.inThe National Consumer Helpline has recorded 541,000 complaints in 2025, with 23% originating from Southern States, highlighting significant regional engagement, according to Consumer Affairs Secretary Nishi Khare. Speaking at a recent workshop, Khare noted that of the 2.85 million cases filed nationally, only 562,000 remain pending, with Southern States contributing just 13.34% to this backlog. She emphasized the need for adaptive legal and digital mechanisms in the digital age, citing initiatives like the Right to Repair Portal and e-Jagriti, an AI-powered platform designed to enhance consumer support. Khare praised the Southern States for their high case disposal rates, with Karnataka and Kerala exceeding the number of cases filed. The workshop included discussions on digital innovation and grievance mechanisms, attended by officials from various Southern States and legal experts, underscoring the government's commitment to improving consumer rights and redressal systems.
Published: Jun 14 2025, 5 pmeznews.inThe Sensex closed at 81,118.60, down 573.38 points, while the Nifty fell by 169.60 points to settle at 24,718.60. In contrast, crude oil prices rose by 451.00 to reach 6,295.00, and gold increased by 1,908.00, now priced at 100,300.00. Silver also saw a gain, climbing 618.00 to 106,503.00. Meanwhile, the Andhra Pradesh government, alongside Union Minister for Civil Aviation K Rammohan Naidu, is eager to initiate the construction of a Greenfield International Airport in Amaravati within the next two years. Ongoing surveys are being conducted, and a feasibility report by Rail India Technical and Economic Service (RITES) is expected soon. The state is also advancing the second phase of land-pooling, with plans to allocate 4,000-5,000 acres for the airport, which is crucial for attracting foreign investment and boosting regional economic growth.
Published: Jun 14 2025, 5 pmeznews.inIn response to the recent fatal crash of an Air India Boeing 787-8 in Ahmedabad, the Directorate General of Civil Aviation (DGCA) has mandated enhanced safety checks across the airline's fleet. Air India announced on Saturday that it has completed one-time safety inspections on nine of its 33 Boeing 787 Dreamliners and is on track to finish checks on the remaining 24 aircraft as per the regulator's directive. The airline cautioned that these checks may result in longer turnaround times and potential delays on certain long-haul routes, particularly those affected by airport curfews. Air India emphasized that customers will be informed of any delays as the checks are conducted on the aircraft returning to India before they are cleared for future operations.
Published: Jun 14 2025, 4 pmeznews.inThe Petroleum and Natural Gas Regulatory Board (PNGRB) has highlighted the rapid expansion of compressed natural gas (CNG) and piped natural gas (D-PNG) infrastructure as a key driver of growth in India's natural gas sector. By 2030, the city gas distribution (CGD) sector is projected to become the largest consumer of natural gas, accounting for nearly one-third of total consumption. The PNGRB's report anticipates that CGD will represent 29% of total consumption by 2030 and 44% by 2040, with significant demand increases expected in both the industrial and commercial segments. The report outlines two growth scenarios, with the CGD segment growing at a compound annual growth rate (CAGR) of around 12%. Additionally, the report notes that LNG prices below $9 per million British thermal units could further stimulate demand, as consumers increasingly shift towards cleaner and more affordable fuel options.
Published: Jun 14 2025, 3 pmeznews.inIn a recent financial update, SpiceJet reported a remarkable surge in profit despite a decline in revenue for the fourth quarter of FY25. The budget airline's standalone profit after tax (PAT) soared nearly three-fold to ₹324.87 crore, up from ₹119 crore in the same period last year. However, revenue from operations fell by 16% year-on-year, totaling ₹1,446.37 crore compared to ₹1,719.3 crore in Q4 FY24. For the entire fiscal year 2024-25, SpiceJet recorded a standalone PAT of ₹580.74 crore, a significant turnaround from a loss of ₹409 crore the previous year. Nonetheless, the airline's revenue for FY25 dropped 25% to ₹5,284 crore, down from ₹7,050 crore in FY24, as detailed in their regulatory filing. The results highlight the airline's ability to improve profitability amid challenging market conditions.
Published: Jun 14 2025, 3 pmeznews.inIn the wake of a tragic crash involving Air India's flight 'AI 171', which resulted in the deaths of 241 people shortly after take-off from Ahmedabad to London Gatwick, the airline has announced it will discontinue the flight number. Effective June 17, the route will now operate under the new designation 'AI 159'. This decision aligns with industry practices following fatal accidents, as airlines often retire specific flight numbers out of respect for the victims. Air India Express will also retire its flight number 'IX 171' in a similar gesture. The Boeing 787-8 Dreamliner crash occurred on June 12, and the remnants of the aircraft were found in a residential area near the airport. This is not the first instance of Air India discontinuing a flight number after a disaster; a similar action was taken in 2020 following a crash in Kozhikode.
Published: Jun 14 2025, 2 pmeznews.inA firefighting operation is underway aboard the Singapore-flagged cargo ship MV Wan Hai 503, which caught fire earlier this week while en route from Colombo to Mumbai. On Saturday, the vessel was towed 40 nautical miles away from the Kerala coast, an increase from its previous distance of 27 nautical miles. The towing operation, initiated by a Seaking helicopter from the Southern Naval Command, involved transferring tow cables from Indian Coast Guard (ICG) ships to tug vessels, with operations hampered by heavy weather limiting towing speed to 1.5 knots. ICG ships Saksham, Samarth, Vikram, and IN Ship Sharda, along with OSV Triton Liberty, are escorting the towing vessels. The fire, which was sparked by an explosion in one of the containers, has seen 40 percent contained, with 18 of the 22 crew members rescued, while four remain missing. Firefighting efforts continue.
Published: Jun 14 2025, 1 pmeznews.inIn a tragic incident, an Air India Boeing 787-8, operating as flight 171, crashed shortly after takeoff from Ahmedabad on June 12, resulting in the loss of 265 lives. The aircraft, bound for London, went down into a medical college complex in the Meghaninagar area, with the tail section of the plane now visible at the crash site. A team from the National Security Guard (NSG) has been deployed to assist in relief operations, although they lack investigative authority. Various agencies, including the Aircraft Accident Investigation Bureau and local police, are conducting inquiries into the crash. Officials from the National Investigation Agency (NIA) were also reported to have visited the site. The incident has raised significant concerns regarding aviation safety and emergency response protocols in India.
Published: Jun 14 2025, 12 pmeznews.inA tragic crash involving an Air India flight from Ahmedabad to London occurred shortly after takeoff on June 12, 2025, resulting in the deaths of 241 out of 242 people on board. The Aircraft Accident Investigation Bureau (AAIB) has initiated a formal investigation, as confirmed by Union Civil Aviation Minister Ram Mohan Naidu. The Boeing 787-8 aircraft crashed into a residential doctors' hostel near Sardar Vallabhbhai Patel International Airport. In response, the Indian government has established a high-level multidisciplinary committee to analyze the crash's causes and recommend preventive measures. This committee, chaired by the Union Home Secretary, will review existing Standard Operating Procedures and access crucial records, including flight data and witness testimonies. Additionally, the US-based National Transportation Safety Board (NTSB) is preparing to send a team to assist in the investigation. The committee is expected to submit its findings within three months.
Published: Jun 14 2025, 12 pm
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact