Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue, with state-owned IOC continuing to be the highest ranked Indian firm and Reliance Industries (RIL) jumping 53 places. In the list topped by retail giant Walmart, Indian Oil Corp (IOC) with 23 per cent […]
Day: August 1, 2018
Central-state JVs to be explored to promote air connectivity
The Government today said that it is trying to come out with a policy on having joint ventures between state and central governments to promote air connectivity under the UDAN scheme. Civil Aviation Minister Suresh Prabhu also said that there have been some operational problems in implementing the second phase of UDAN scheme as state […]
Oil prices slip below $74 on US crude inventories, higher Opec production
Oil slipped below $74 a barrel on Wednesday pressured by an industry report that US stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more ample supply. On Tuesday, the American Petroleum Institute said crude inventories rose by 5.6 million barrels last week. Analysts had expected a decrease of 2.8 […]