Oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran. India has said it does not recognize unilateral restrictions imposed by […]
Day: June 28, 2018
Chartered plane crashes in Mumbai’s Ghatkopar, fire engines rushed to spot
A small chartered plane crashed in the thickly populated suburb of Ghatkopar in north-east Mumbai on Thursday, officials said. Eyewitnesses said the plane was seen hurtling down and crashed with a deafening roar before bursting into flames around 1.15 p.m. There were no reports of casualties as the crash – the cause of which is […]
MERC clears Reliance Energy sale to Adani Group
The Maharashtra Electricity Regulatory Commission (MERC) has approved the proposed 100 per cent stake sale of Reliance Infrastructure (RInfra) Ltd’s integrated Mumbai power business to Adani Transmission Ltd. (ATL), an official said here on Thursday. Following the MERC’s clearance, the transaction, with a consideration value estimated at Rs 18,800 crore, is expected to be closed […]
Mumbai airport: Now you can check-in for flight, get boarding pass from these six hotels
To offer more comfort and option to fliers, Mumbai airport has now extended boarding pass, baggage tag and check-in facility to six starred hotels located outside the airport. The facility enables a flier to check in at the kiosks located at these hotels, print the boarding pass and the baggage tags. Post the process, he/she […]
Oil prices fall but market tight on disruptions, record demand
U.S. oil prices dropped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline. U.S. West Texas Intermediate (WTI) crude futures were at $72.42 a barrel at 0639 GMT, down 34 cents, or 0.5 percent, […]