The Delhi High Court on Monday said the Directorate General of Civil Aviation (DGCA) should review its guidelines for face masks on flights in compliance with the Centre’s instructions according to the Covid situation, saying it is not the court’s job to issue directions on the subject to the aviation watchdog. “We are not experts […]
Category: Business Standard
Business Standard
Delhi Metro’s Blue Line section hit by tech snag once again, DMRC tweets
Services on a section of the Delhi Metro’s Blue Line were delayed on Tuesday due to some technical issues, officials said. The Blue Line connects Dwarka Sector-21 in Delhi and Electronic City in Noida with a branch at Yamuna Bank to Vaishali. The Delhi Metro Rail Corporation (DMRC) tweeted to alert commuters, which in the […]
IndiGo imposes travel ban on Kerala’s LDF convenor, 2 Youth Cong workers
IndiGo has imposed a flying ban on Kerala ruling front LDF’s Convenor EP Jayarajan and two Youth Congress workers in connection with the scuffle onboard the plane carrying state Chief Minister Pinarayi Vijayan last month. The development triggered a fresh political slugfest between the Left and Congress on Monday. The country’s largest airline’s decision comes […]
Goods train derails in Gujarat, no casualty; affects rail traffic on route
Sixteen wagons of a goods train derailed in Gujarat’s Dahod district on Monday blocking the route, following which 29 trains were diverted and one was cancelled so far, Western Railway officials said. There was no report of any casualty in the incident which took place between Mangal Mahudi and Limkheda railway stations after midnight when […]
Adani Enterprises loses Coal India’s short-term coal import tender
State-owned CIL has cancelled its maiden tender for short-term import of coal in which Adani Enterprises had emerged as the lowest bidder, sources said on Monday. Adani Enterprises, which had quoted around Rs 17,000-plus per tonne for importing 2.416 MT of coal, was earlier selected for the short-term shipment. However, for a medium-term tender for […]
Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise
The rupee on Monday settled just shy of the 80 per US dollar mark, closing at 79.98 against 79.88 per dollar on Friday, as crude oil prices rose sharply, worsening the outlook on India’s current account deficit, dealers said. In the past six days of trade, the rupee has settled at a new low versus […]
Oil back above $100 on Russian gas supply jitters, weaker US dollar
Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower dollar, offsetting demand fears brought on by a possible recession and China lockdowns. Brent crude futures for September settlement were up $4.37, or 4.3%, to $105.53 a barrel by 12:30 p.m. EDT (1630 GMT), having gained 2.1% […]
Oil jumps 2% as soft dollar and tight supply offset recession concerns
LONDON (Reuters) -Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by […]
Gazprom declares force majeure on at least three European gas buyers
Gazprom PJSC declared force majeure on at least three European gas buyers, a move that may signal it intends to keep supplies capped, according to people familiar with the matter. The Russian gas giant — which had already been curbing exports to Europe and closed its main pipeline for maintenance earlier this month — said […]
Russia seeking oil payments from India in dirhams, shows document
NEW DELHI (Reuters) – Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the U.S. dollar to insulate itself from the effects of Western sanctions. Russia has been hit by a slew of sanctions from the […]
Electric two-wheeler adoption gaining traction in semi-urban, rural markets
Contrary to popular belief, adoption of electric two-wheelers is on an uptrend in semi-urban and rural areas thanks to subsidised power that helps users cut the running cost of a vehicle, according to Shriram City Union Finance MD and CEO YS Chakravarti. Even as the overall sales of two-wheelers have not returned to pre-COVID levels […]
US talks with India on price cap on Russian oil ‘encouraging’: Yellen
SEOUL (Reuters) – U.S. Treasury Secretary Janet Yellen described as “encouraging” talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine. Yellen, who arrived in Seoul on Monday evening, told Reuters in an […]