Indian companies have stepped up purchases of high-sulphur crude oil from the Middle East and Russia in the spot market to feed demand from expanded refining capacity, trade sources said. Four refiners in the world’s third largest crude importer bought 9 million barrels of Middle East and Russian crude loading in July-August via spot tenders […]
Day: July 4, 2017
Queensland Premier rules out giving financial support to Adani
Queensland Premier Annastacia Palaszczuk today ruled out giving financial support to Adani Group for its controversy-hit 21.7 billion dollars Carmichael mine project but the Indian energy giant asserted that it is moving forward on “all fronts”. “My government has always said that it is a matter for Adani to get the finance. This is a […]
Congress demands roll back of 5% GST on LPG cylinder
The Congress on Tuesday demanded that the five per cent Goods and Services Tax (GST) levied on domestic LPG cylinder be removed as it was burdening the poor. “The price of domestic LPG cylinder has gone up by Rs 32 in parts of the country after the GST became effective. This is affecting common people, […]
Subsidised LPG rate hiked by up to Rs 32 per cylinder post GST
Domestic cooking gas (LPG) price has been hiked by up to Rs 32 per cylinder — the steepest increase in six years — following implementation of the Goods and Services Tax (GST). Subsidised LPG rates have been increased to Rs 477.46 per 14.2-kg cylinder from Rs 446.65 in Delhi after GST was implemented from July […]
After Etihad, Turkish Airlines says US to lift laptop ban on flights
Turkish Airlines chief executive Bilal Eksi said that he expects the ban on large electronic devices from the cabin of US-bound flights from certain countries to be lifted on July 5. “We expect the electronic device ban applied to American flights to be lifted on Wednesday July 5,” Eksi said on Twitter on Monday without […]
Why debt-ridden, loss-making Air India is still an attractive buy for some
After the Union Cabinet allowed the divestment of loss-making Air India, several companies such as Tata Group, Indigo and Qatar Airlines have shown interest. But heavy losses and debt remain big concerns of a prospective buyer. However, despite its accumulated losses of more than Rs 50,000 crore and debt of about Rs 55,000 crore, Air […]