Iran has agreed to take the gas produced from the ONGC Videsh Ltd-discovered Farzad-B field in the Persian Gulf, but differences remain over returns on investments made by the Indian firm. Iran previously conditioned granting rights to develop the Farzad-B fields to OVL on Indian firms buying all of the gas produced at the imported-LNG […]
Day: April 10, 2018
Indonesia’s Lion Air buying 50 Boeing 737’s in $6.2 bn deal: companies
Indonesia’s Lion Air is buying 50 Boeing 737 MAX 10 airplanes in a deal valued at about $6.2 billion, the firms said today, as the carrier looks to cash in on a transport boom in the Southeast Asian nation. The new single-aisle plane is the latest incarnation of Boeing’s 737 MAX series, which can accommodate […]
Govt to probe deplaning of IndiGo passenger who complained of mosquitoes
The Union government on Tuesday ordered a probe into an incident of deplaning of a passenger by IndiGo airline, over his alleged complaint of mosquitoes in the aircraft. The probe was ordered by Minister of Civil Aviation and Commerce and Industry Suresh Prabhu on Tuesday. “I have ordered an enquiry into the incident of off-loading […]
Oil approaches $70 a barrel as fears over trade war ebb
Oil prices neared $70 a barrel on Tuesday, extending strong gains from the previous day, as investors grew more optimistic that a trade dispute between the United States and China may be resolved without greater damage to the global economy. Brent crude futures were up 81 cents at $69.46 a barrel by 0850 GMT, while […]
Jet Airways rules out Air India bid
Jet Airways on Tuesday became the latest major Indian airline to rule out a bid for debt-laden national carrier Air India in a new blow to the government’s privatisation plans. The announcement came just days after rival IndiGo pulled out of the race to acquire Air India’s operations meaning the government now has no clear […]