Reliance Industries sends fuel from India, Europe to Venezuela to sidestep US sanctions: Report

NEW DELHI/MEXICO CITY: Reliance Industries (RIL) is selling fuels to Venezuela from India and Europe to sidestep 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 Venezuela through its US-based subsidiary before Washington in late […]

Power Finance Corporation to give Rs 30,000cr financial assistance to Telangana

HYDERABAD: In a financial boost to the Telangana irrigation projects, the Power Finance Corporation (PFC) has agreed to provide Rs 30,000crore financial assistance to the state of Telangana. The amount will be utilized for electro-mechanical works of Kaleshwaram and Palamuru-Ranga Reddy Lift Irrigation Projects. Telangana chief secretary SK Joshi, Telangana Genco and Transco chairman and […]

Rentals up post Max crisis, Jet’s lessors of grounded Boeing 737 in talks with SpiceJet

NEW DELHI: Several of Jet Airways’ grounded Boeing 737s (not Max but previous generation) could soon be flying for SpiceJet. Over 50 of the cash-strapped airline’s aircraft, a mix of turboprops, narrow and wide body, have been grounded by unpaid lessors beginning last month. Barring a handful, lessors have not deregistered these aircraft from Jet’s […]