NEW DELHI : Jaypee Infratech’s financial creditors on Thursday decided to put the bids of NBCC and Suraksha group to vote after both parties submitted final offers for the debt-laden company. The winning bidder will acquire Jaypee Infratech Ltd (JIL), which went into insolvency nearly four years ago, as well as complete more than 20,000 […]
Day: June 11, 2021
Oil trims gains, but heads for third weekly rise on demand recovery
MELBOURNE (Reuters) – Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. Brent crude futures fell 23 cents, or 0.3%, to $72.29 a barrel at […]
Oil prices hits two-year highs on rising economic demand expectations
NEW YORK (Reuters) -Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for strong economic demand after new U.S. unemployment claims fell to their lowest since the country’s first wave of COVID-19 last year. The market shook off a brief plunge after media reports suggested the […]
Oil prices rebound after knock from United States driving season data
Oil prices rose on Thursday a day after slipping on data indicating weak U.S. driving season fuel demand as investors eyed upcoming U.S. economic data. Brent crude oil futures were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019. U.S. West […]
Ajay Maken, others to lead Cong protest in Delhi against fuel price hike
Congress Treasurer Pawan Bansal, General Secretaries KC Venugopal, Harish Rawat and Ajay Maken will lead the protests on Friday at various locations in the national capital against the fuel hike. The Congress has planned to hold symbolic protests in front of petrol pumps across the country on Friday against the rising prices of petrol and […]
Oil skids as start of US summer driving season fails to lift fuel demand
SINGAPORE (Reuters) -Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring. Brent crude oil futures were down 55 cents, or 0.8%, at $71.67 a barrel […]
LPG customers may get to decide distributor of their choice on refill form
LPG customers will soon be able to decide which distributor they want their LPG refill from. The facility will be launched soon on a pilot basis in Chandigarh, Coimbatore, Gurgaon, Pune, and Ranchi. While booking an LPG refill through a mobile app/customer portal using registered login, the customer would be shown the list of delivering […]
New Reliance Industries’ partly paid shares commence trading on NSE
New iteration of Reliance Industries (RIL) partly-paid shares commenced trading on Thursday. They ended at Rs 1,555 almost at par with fully-paid shares, which ended at Rs 2,183, after adding the final call payment of Rs 628.5 per share. Trading in the earlier version of RIL PP shares was suspended on May 11. Holders of […]
Reliance Industry says Jamnagar unit shut since June 6, may hit exports
Reliance Industry said on Wednesday a secondary unit at its export-focussed refinery in the western state of Gujarat has been shut since June 6, which may delay the shipment of some product cargoes. The refinery, which has the capacity to process 704,000 barrels of crude per day (bpd), is part of the world’s biggest refining […]
Indian shares open higher with IT, energy companies gaining the most
BENGALURU (Reuters) – Indian shares rose on Thursday, with information technology and energy companies gaining the most, as investors awaited U.S. inflation data and the outcome of a European Central Bank meeting later in the day. The blue-chip NSE Nifty 50 index was up 0.35% at 15,681.80 and the benchmark S&P BSE Sensex rose 0.30% […]
A $43-bn jump in Gautam Adani’s fortune is fraught with many risks
A rally in the stocks of companies controlled by Indian billionaire Gautam Adani has added almost $43 billion to his wealth this year, catapulting him to the spot of the second-richest person in Asia. Some analysts say the gains are fraught with risk. Adani’s net worth of $76.7 billion got a boost from a 330% […]
Harsh Vardhan addresses WHO high level coalition on health, energy
The COVID-19 pandemic has reiterated a massive interdependence among various sectors while underlining the need to ensure inter-connectedness across the sectors is reflected in policies for effective and sustainable service delivery, Union Health Minister Harsh Vardhan has said. Vardhan made the remarks while addressing the first meeting of the World Health Organization High-Level Coalition on […]