The Central Bureau of Investigation (CBI) on Wednesday arrested the promoters and directors of Diamond Power Infrastructure Ltd, a Vadodara-based firm accused of an alleged loan default. The probe agency arrested Suresh Narain Bhatnagar, Amit Bhatnagar, and Sumit Bhatnagar, as part of an ongoing investigation, for allegedly cheating numerous banks by falsification of accounts, the […]
Day: April 18, 2018
China moots India-Nepal-China economic corridor through Himalayas
China today proposed a India-Nepal-China economic corridor with multi-dimensional connectivity through the Himalayas as it seeks to expand its influence over the new Nepalese government headed by Prime Minister K P Sharma Oli, widely regarded as pro-Beijing. China’s proposal came after visiting Nepalese Foreign Minister Pradeep Kumar Gyawali held talks with his Chinese counterpart Wang […]
Domestic carriers flew 28.03% more passengers in March: DGCA
Domestic airlines registered a 28.03% growth in passengers flown during March compared to that a year ago, data released by the aviation regulator showed. As per the data, released by the Directorate General of Civil Aviation (DGCA) on Wednesday, Indian carriers carried 11.6 million passengers during the month, up from 9.0 million in March 2017. […]
India jet fuel demand to soar as domestic air travel takes off
An Indian push to connect more cities via airports as an expanding middle class increasingly takes to the skies is set to help propel the country’s demand for jet fuel to record highs this year. That rapid growth in appetite for aviation fuel means the country’s refiners are far less likely to send cargoes abroad, […]
Oil gains after drop in U.S. inventories adds to supply concerns
Oil prices rose on Wednesday, lifted by a reported decline in U.S. crude inventories and the risk of supply disruptions. Brent crude oil futures were up 54 cents at $72.12 a barrel by 0941 GMT, while U.S. WTI crude futures were up 60 cents at $67.12. “Yesterday evening saw the API report a surprising decrease […]