Ahmedabad: Billionaire Gautam Adani Friday announced over ₹55,000 crore investment in next five years in a clutch of projects in Gujarat including the world’s largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex.
Gandhinagar: India’s richest person Mukesh Ambani today committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat, ranging from energy and petrochemical to new technology and digital business.
Reliance Industries Ltd, India’s biggest company by market value, gained 3.46% on the bourses after its petrochemicals, retail and telecom operations continued to report better than expected earnings.
Singapore: Oil prices climbed 1% on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. US West Texas Intermediate (WTI) crude futures were at $52.59 per barrel at 0718 GMT, up 52 cents, or 1%, from their last settlement.
New Delhi: Aviation regulator DGCA Thursday banned IndiGo and GoAir from operating their A320 neo planes to Port Blair in the wake of problems with their Pratt & Whitney engines.
Vistara is offering flight tickets from Rs 899 as part of its 4th anniversary sale. The airline’s latest offer covers all three classes of travel. Discounts under this offer range up to 80% relative to the standard last-minute fares on all routes served by the airline, Vistara said.
London: OPEC on Friday published a list of oil production cuts by its members and other major producers for the six months to June, an effort to boost confidence in the move designed to avoid a supply glut in 2019.
New Delhi: The Indian government has sanctioned three new squadrons of Dornier aircraft to boost coastal surveillance in a bid to provide better intelligence to prevent terrorist and other threats from the sea, an official statement said Friday.
MUMBAI: The mid-2020 deadline for the Navi Mumbai airport is an ambitious one, said Alexandre de Juniac, director-general of the International Air Transport Association (IATA), a global trade body representing 290 airlines.
For aviation companies, the new year has started on an upbeat note, thanks to a reduction in aviation turbine fuel (ATF) prices. However, it will be a while before those benefits begin to reflect in their financials.