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.
Category: Business Standard
Business Standard
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.
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.
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.
CBI books former Air India chief Arvind Jadhav, others in corruption case
The CBI has booked former Air India chairman-cum-managing director Arvind Jadhav and other former senior officials of the national carrier for allegedly violating norms in appointing general manager rank officers, officials said Wednesday.
InterGlobe Aviation Q3 net profit plunges 75% YoY to Rs 191 crore
Total income during the quarter stood at Rs 8,229.36 crore, up 28.40 per cent against Rs 6,408.95 in the corresponding quarter last year.
IndianOil signs Rs 16,641 cr MoU with Tamil Nadu at Global Investors Meet
Energy major IndianOil Corporation, is planning to invest as much as Rs 16,641 crore in Tamil Nadu. The PSU company signed a memorandum of understanding to this effect on Wednesday, with the state government at the Global Investors Meet in Chennai.
IndiGo plans global expansion with induction of 222-seater A321Neo planes
IndiGo will significantly expand its overseas network in 2019 with the induction of new 222-seater Airbus A321Neo planes, the airline said today. IndiGo’s aggressive push in international market comes as rivals face financial crunch or regulatory hassles and it hopes to leverage low cost advantage and domestic network to grow international traffic.
HAL wants to outsource production of advanced light helicopters Dhruv
Public sector firm Hindustan Aeronautics Ltd (HAL) is planning to outsource the manufacturing of its twin-engine Advance Light Helicopter (ALH) Dhruv.
Russian plane forced to land shortly after take-off in suspected hijacking
Russian authorities say that a plane bound for Moscow has been forced to land shortly after take-off in a suspected hijacking.
‘Worried about climate change, but can’t stop chartering private jets’
The Davos elite say they are more worried than ever about climate change. But that isn’t stopping them chartering private jets in record numbers.