NEW DELHI: Private carrier SpiceJet has reverted to a pay structure where it will pay employees based on the number of hours they work for the company. Additionally, the airline is deferring May salaries, stating that Covid-19 has severely impacted the aviation sector.
Day: June 1, 2021
5 workers from Assam, Tripura trapped in Meghalaya coal mine; one detained
At least five labourers from Assam and Tripura were feared trapped in a coal mine of Meghalaya’s East Jaintia Hills district, almost similar to two such tragedies in 2018 and January this year. SP of East Jaintia Hills district Jagpal Singh Dhanoa, however, said according to details provided by an eye witness of the incident, […]
Brent rises to near $70 on demand prospects, OPEC+ meet
Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world’s top oil consumer. Brent crude futures for August gained 56 cents, or 0.8 per cent, to $69.88 a barrel by 0125 […]
Delhi’s IGI Airport launches dedicated COVID-19 vaccine centre at Terminal-1; details here
Delhi Airport: Today, Delhi’s Indira Gandhi International Airport announced the launch of a dedicated vaccination centre for COVID-19 in association with Manipal Hospital, starting from 1 June 2021. The facility set up at Terminal-1 (T-1) of IGI Airport, aims to provide vaccination opportunity to over 60,000 employees of various stakeholders- airlines, ground handling agencies, Air […]
OPEC+ committee keeps 2021 oil demand growth forecast unchanged
The OPEC+ Joint Technical Committee (JTC) kept its global oil demand growth forecast for 2021 unchanged at about 6 million barrels per day, two sources from the group told Reuters on Monday. The JTC was meeting on Monday to assess market fundamentals ahead of a ministerial gathering on Tuesday of the Organization of the Petroleum […]
Diesel crosses Rs 98-mark in Rajasthan as prices rise
Diesel price on Monday went past the Rs 98-a-litre mark in a few places of Rajasthan as a relentless increase in fuel prices took rates to record-high levels. Petrol price was increased by 29 paise per litre and diesel by 26 paise a litre, according to a price notification of state-owned fuel retailers. The increase […]
Reliance Industries extends rally to four days, shares jump 10%
Shares of Reliance Industries are in huge demand, extending its winning run for the fourth day and rallying almost 10 per cent. The market heavyweight stock gained 9.97 per cent in four days of rally. On Monday, the stock closed at Rs 2,160.45, a gain of 3.13 per cent on the BSE. During the day, […]
BBMP suspends aerial spraying of disinfectants in Bengaluru
The Bruhat Bengaluru Mahanagara Palike (BBMP) has temporarily put off its ambitious plans of aerial spraying of disinfectants in selected localities of Bengaluru. Launching a pilot project a few days ago, the state government in association with Aerial Works Aero LLP was scheduled to commence the operations from Monday to Wednesday in selected areas of […]
Vietnam stops more inbound flights, tightens curbs in biggest city
Vietnam announced the suspension of incoming international flights to its capital and tightened restrictions in its biggest city on Monday, as part efforts to contain a coronavirus outbreak that has seen cases double in the past month. After successfully containing coronavirus outbreaks for most of last year, Vietnam is seeing infections rise sharply and has […]
US sells off Iranian crude oil seized off coast of UAE
The U.S. has sold some 2 million barrels of Iranian crude oil after seizing an oil tanker off the coast of the United Arab Emirates, court documents and government statistics show. The Iranian crude oil showed up in new figures released over the weekend by the U.S. Energy Information Agency, raising the eyebrows of commodities […]
Brent rises to near $70 on demand prospects and ahead of OPEC+ meet
SINGAPORE: Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world’s top oil consumer. Brent crude futures for August gained 56 cents, or 0.8%, to $69.88 a barrel by 0125 GMT. […]
Not much upside left in BPCL: Sandip Sabharwal
Market advisor Sandip Sabharwal says BPCL NSE -0.14 % is not a disinvestment bet for him and he doesn’t see much upside left in the stock. Edited excerpts from his interview with ET Now: As we close the month, midcap index has given almost a double-digit return and Nifty has given just 5% return. What’s […]