NEW DELHI: Air India has started serving food stocked from India on 11 return flights from eight foreign cities, and it plans to save around ₹49 crore annually through this measure, a senior official said Monday.
Category: Live Mint
Live Mint
Eni, OMV to pay $5.8 billion for Abu Dhabi refining stakes
Eni SpA and Austrian oil and gas producer OMV AG agreed to pay about $5.8 billion for a combined 35 percent stake in the Abu Dhabi state oil companys refining unit.
Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts
London: Oil prices rose by more than 1 percent on Wednesday, pushed up by a North Sea production outage and expectations in the market that OPEC will next week decide to implement some form of supply cut to counter an emerging glut. U.S. West Texas Intermediate (WTI) crude futures were at $52.36 per barrel at […]
Oil prices edge up on US sanctions against Venezuela
Sydney: Oil prices steadied on Tuesday, edging up from a near two-week low in the previous session when prices fell around 3 percent on fears of supply growth and a global economic slowdown.
Jet’s debt to equity plan could be flight to safety
MUMBAI: Jet Airways (India) Ltd will seek approval from its shareholders to convert a portion of its debt into equity, a move that is expected to bolster the cash-strapped airline while paring the stakes of founder and chairman Naresh Goyal as well as Etihad Airways PJSC.
Tata Power Q3 profit dives nearly 79% due to higher expenses
India’s Tata Power Co Ltd’s quarterly profit plunged nearly 79%, well below market expectations, dented by higher expenses.
Dubai keeps rank as world’s busiest international airport
Dubai: Dubai International Airport says it remains the world’s busiest for international travel.
India’s 2018 thermal coal imports grew at fastest pace in last 4 years: Report
New Delhi: India’s 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi’s government to cut imports in a bid to reduce its trade deficit.
Delay in ICICI Bank probe led to CBI investigator’s transfer
New Delhi:Cracking the delay in the ICICI Bank-Videocon case, the Central Bureau of Investigation has confirmed that the investigating officer in the matter – Sudhanshu Dhar Mishra – has been transferred, a day after he signed the First Information Report (FIR) against former ICICI boss Chanda Kochhar, for allegedly causing delay in the probe.
Jet Airways seeks shareholder nod to convert loan into shares
BENGALURU: Jet Airways Ltd said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped Indian airline to resolve its financing problems.
Supreme Court to hear curative petition on Bhopal gas tragedy in April
New Delhi: The Supreme Court on Monday said the Centre’s curative petition on revising the compensation from Union Carbide Corporation, a unit of US-based The Dow Chemical Co., for the 1984 Bhopal Gas Tragedy would be heard in April.
Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout
New Delhi/Abu Dhabi: Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.