A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.
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Adani Group may get controlling stake in Mundra LNG terminal
AHMEDABAD: Gujarat may offer an additional 50% stake in Gujarat State Petroleum Corp. (GSPC) LNG Ltd to Adani Group, which already holds a 25% stake in the company, after Indian Oil Corp. Ltd decided to opt out of the race, said three state government officials close to the development, requesting anonymity.
Reliance arm looks to raise ₹4,000 crore
MUMBAI: Reliance Industrial Investments Holdings Ltd (RIIHL) is planning to raise ₹4,000 crore to meet the group’s funding and investment requirements, two people aware of the development said, requesting anonymity.
Didn’t receive any reference on relaxing rules in Jet Airways matter: Sebi
Markets watchdog Sebi Thursday said it has not received any reference on relaxation in rules regarding Jet Airways.
Oil prices climb as US threatens sanctions against Venezuela
Singapore: Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela’s oil exports as Caracas descends further into political and economic turmoil.
IndiGo appoints Ronojoy Dutta as CEO, Meleveetil Damodaran as chairman
Aviation veteran Ronojoy Dutta has been appointed as Chief Executive Officer (CEO) of IndiGo for a period of five years as it plans a major international expansion this year, the low-cost airline announced Thursday.
Decongestion plan for Delhi: Nitin Gadkari to lay foundation stone for ₹2,820 crore road project tomorrow
Union minister Nitin Gadkari will on January 26 lay the foundation stone for ₹2,820-crore highway corridor project that will link Akshardham to Eastern Peripheral Expressway (EPE) junction on Baghpat road, the government said on Thursday.
Tamil Nadu eyes $15 bn investments in aerospace, defence sectors in 15 yrs
The Tamil Nadu government is eyeing investments worth $15 billion in the aerospace and defence sectors in the next 15 years to make the state a preferred hub for the two industries.
Oil inches up on China plans to raise spending to stem economic slowdown
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.
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.
8,000 MW of old thermal power generation capacity phased out, says official
Around 8,000 MW of old thermal power generation capacity has been phased out till now and will be replaced by cleaner options such solar energy in a bid to clean up the power generation sector.
Time for Indian airlines to become global: SpiceJet Chief
SpiceJet chief Ajay Singh said it’s high time for India to become a major global hub for connecting flights and its airlines to be leading international players.