Oil prices inched up on Wednesday after China said it would raise spending to stem an economic slowdown that has been weighing on financial markets.
Day: January 24, 2019
Oil prices extend falls as economic slowdown worries weigh on markets
Oil prices extended falls from the previous session on Wednesday, as concerns of an economic slowdown weighed on markets.
8,000 MW of old thermal power generation capacity phased out, says official
Around 8,000 MW of old thermal power generation capacity has been phased out till now and will be replaced by cleaner options such solar energy in a bid to clean up the power generation sector.
Time for Indian airlines to become global: SpiceJet Chief
SpiceJet chief Ajay Singh said it’s high time for India to become a major global hub for connecting flights and its airlines to be leading international players.
Auto LPG body for change in archaic Type Approval norm to promote gaseous fuels
The Indian Auto LPG Coalition (IAC) has demanded change in archaic Type Approval norms governing vehicle conversions to gaseous fuels to help automobiles easily convert to environment-friendly fuel.
NMPT’s coal handling berth to go fully mechanised by March
The New Mangalore Port will get a mechanised berth for handling coal by March.
UDAY 2.0 to focus on checking power theft, promoting smart meters: RK Singh
The Ministry of Power has put its faith in the second leg of power distribution company reforms under the Ujwal DISCOM Assurance Yojna (UDAY) 2.0. This is despite not fully achieving the goals under UDAY 1.
US sanctions on Venezuela likely to reroute crude oil to China, india
Potential U.S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.
ICICI Bank-Videocon loan case: CBI registers FIR, raids group HQ, offices
The CBI has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and is carrying out searches Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said.
Air India mulls entering leisure travel space with packaged holidays
Debt-ridden national carrier Air India is planning to enter the holiday packages business to enhance its share in the fast-growing leisure travel segment. The airline has floated global bids for selecting a service provider for this purpose.
How a merger with Air India can help the debt-ridden Jet Airways
To have one airline limping forward on the brink of bankruptcy may be regarded as a misfortune. To have two looks like carelessness.
As profit dips, IndiGo plans more international flights for better returns
IndiGo, India’s biggest airline by market share, will take more deliveries of the longer-range Airbus A321neo aircraft next year as it plans to launch more international flights, its interim CEO said on Wednesday after the company’s profit fell sharply.