Reliance selling fuels from India to Venezuela to avoid US sanctions

New Delhi/Mexico City: India’s Reliance Industries, operator of the world’s biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar US-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha, and other fuel to […]

Islamabad extends restrictions on its airspace for commercial flights

Pakistan on Wednesday extended the restrictions on its airspace for commercial flights till at least Thursday in the latest sign of heightened tensions with India. Islamabad’s move, along with other factors, have caused flight disruptions for both domestic and foreign airlines operating in India. A Pakistani civil aviation official, requesting anonymity, said that talks were […]

Government looks at providing Jet Airways’ unused airport slots to other domestic airlines

NEW DELHI: The government plans to provide unused airport slots of Jet Airways to other domestic airlines on an interim basis, a senior official said Wednesday, amid efforts to minimise flight disruptions. Cash-strapped Jet Airways, which is looking to raise fresh funds, has grounded at least 47 planes due to non-payment of lease rentals. Besides, […]