Shares of Adani Enterprises today surged 7.5 per cent after the Adani Group gave the final investment approval for its Carmichael coal mine project in Australia. The stock zoomed 7.18 per cent to Rs 126.10 on BSE. At NSE, shares of the company soared 7.48 per cent to Rs 126.30. “I am proud to announce […]
Day: June 6, 2017
Delhi Police detain 10 Jet Airways pilots for abusing DGCA on social media
Ten Jet Airways pilots who were taken off duty for wrongly addressing a Directorate General of Civil Aviation (DGCA) official have been detained by Delhi police for making obscene remarks. The pilots were detained on a complaint from the DGCA on Tuesday afternoon and the incident could snowball into an agitation. “DGCA has filed a […]
India Grid Trust flat on stock market debut
Shares of India Grid Trust made a tepid debut at the bourses today, opening flat against the issue price of Rs 100. The stock listed at Rs 100 on BSE. It later tumbled 6 per cent to hit a low of Rs 94. At NSE, shares of the company opened at Rs 99.70, down 0.3 […]
Indian solar panel makers demand anti-dumping duty against China
In a fresh attempt to bar Chinese solar panel makers from flooding the Indian market at an ultra-low price, the domestic companies approached the Directorate General of Anti-Dumping (DGAD), requesting an imposition of a duty on importers. The application has been filed against China, Malaysia and Taiwan. The domestic industry via the Indian Solar Manufacturer’s […]
Oil prices slide over worries Gulf-Qatar rift will undermine output cuts
US Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market. Persistent gains in US production also dragged on benchmark crude prices, traders said. Brent crude was trading at $49.27 per barrel at 0424 […]
Qatar Airways suspends flights to UAE, Egypt, Bahrain
Qatar Airways has cancelled flights to Bahrain, Egypt and the United Arab Emirates from Tuesday until further notice, the airline said on its website, a day after it had suspended flights to Saudi Arabia. The airline said passengers holding a confirmed Qatar Airways ticket to any of the four countries between June 5 and July […]