For the first time, the details of Kochhar Entry Companies’ are revealed. Also Kochhars created two companies of the same name – Credential Finance Limited – to dupe their creditors. They had access to huge unsecured loans with little and even negligible paid up capital. These Kochhar investigations are new evidences about Kochhar companies, other […]
“yad yad ācharati śhreṣhṭhas tat tad evetaro janaḥ sa yat pramāṇaṁ kurute lokas tad anuvartate” Chapter III, Verse 21, The Bhagavad Gita Karma Yoga or The Yoga of Action Whatever the superior person does, that is also followed by others; what standard he or she demonstrates by action, people follow that. This is what Krishna […]
InterGlobe Aviation Ltd.’s billionaire director Rahul Bhatia has taken over as an interim chief executive officer after its president and director Aditya Ghosh unexpectedly resigned before a board meeting Friday, the operator of India’s biggest airline said in an exchange filing. Ghosh is leaving at a time when the airline is changing some of its […]
Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets. Europe’s largest aerospace group said it was reducing deliveries of the 250-300-seater to around 50 aircraft in 2019, without giving a figure for […]
A Special Central Bureau of Investigation (CBI) court on Friday convicted Gondwana Ispat Ltd and its director Ashok Daga for misrepresenting facts for allocation of a coal block in Maharashtra. The arguments on sentence/fine to be heard later in the day. In 2016, the Enforcement Directorate (ED) had attached assets worth Rs. 1.67 crores under […]
India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines that can be used by consumers who buy direct from producers, the head of the sector’s regulator told Reuters. GAIL (India) Ltd is the country’s biggest gas marketing and trading firm and […]
An Air Deccan aircraft landed at the airport here on a trial run from Agartalaunder the Centre’s UDAN scheme, officials said. Air Deccan”s 18-seater B190 aircraft landed at the Shillong airport at Umroi, 25 km from here, yesterday. “The test flight went well and we are satisfied with the facilities at the airport,” an Air […]
BY PTI | APR 27, 2018, 03.05 PM IST MUMBAI: Low-cost airline AirAsia India today said its load factor dipped by 6 percentage points to 83 per cent in the first quarter of 2018 and attributed the same to an 87 per cent ramp up in capacity. During the quarter under review, the Bangalore-based airline […]
Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran. Global benchmark Brent crude futures were down 27 cents at $74.47 a barrel at 0833 GMT. This month, Brent hit highs above $75, […]
The beleaguered Rs 4,700-crore Nagarjuna Oil refinery project at Cuddalore in Tamil Nadu has entered the liquidation process under the Insolvency and Bankruptcy Code (IBC) after the 270-day deadline, offered by National Company Law Tribunal’s Chennai bench to identify a successful bidder, ended on Friday. With no successful bidder or a resolution plan in place, […]
India is set to bring its first liquefied natural gas (LNG) cargo from Gazprom in May, after the Russian company and GAIL (India) agreed to bring down prices based on a new formula in the month of January. The company is also planning to bring at least 80 cargoes of US LNG during the current […]
Bharat Petroleum Corp Ltd plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R. Ramachandran, said late on Wednesday. “We will open office in the near future,” he said, without specifying a timeline. However, a company source, who […]
