India’s substantial dependence on crude oil imports to meet the growing domestic energy demand is making the economy vulnerable to volatilities in international crude oil prices. The steep increase in crude oil prices during the first half of the current financial year has not only drove the trade and current account deficits (CAD) significantly wide, […]
Category: The Financial Express
The Financial Express
Every $10 per barrel rise in crude oil price increases India’s inflation by this much
Prime Minister Narendra Modi’s call to producers for responsible pricing of crude oil this week is not without its merits. Crude oil, which fueled the growth of industrial revolution 2.0, is still one of the crucial factor in determining India’s growth. Crude oil makes up for around 25 percent of India’s total imports in a […]
Coal India Q3 net rises 34% to Rs 4,566 crore
Coal India on Tuesday reported a 33.85% increase in its consolidated net profit to Rs 4,565.74 crore for the December quarter 2018, much above market expectations.
Govt proposes to sell 100 per cent stake in Air India ground handling arm AIATSL
The government has offered to sell 100 per cent stake in debt-laden Air India’s subsidiary Air India Air Transport Services Ltd (AIATSL). Restarting the divestment process for the ailing national carrier, the preliminary information memorandum for disinvestment of AIATSL, the ground handling arm, was issued on Tuesday.
Air India debt: Govt may refinance three-fourth of airline’s Rs 29,000-crore debt
The government may refinance three-fourth of Air India’s Rs 29,000 crore debt, which has been transferred to a special purpose vehicle, through non-convertible debentures (NCDs) or fresh loans.
Indigo looks to start China operations by end of 2019
Low-cost carrier IndiGo will look to start its China operations by the end of this year, according to a top executive of the carrier.The airline, which has a leadership position in the domestic market, is now looking at increasing its international footprint and is inducting aircraft that have longer range and more carriage capacity like […]
Vistara says impact from international flight approval delays manageable
The Tata Group-owned full service airline Vistara which was hopeful to launch international operations last year but couldn’t as it is yet to get the government’s permission, said on Tuesday that the impact of the delay is manageable as the airline has been able to absorb the capacity it planned to deploy overseas on domestic […]
Losses to come down for Indian airlines, pilot shortage a structural issue: Aviation body
The cumulative losses of domestic airlines are likely to come down by two-third at $550-$700 million in FY20 against the earlier projected number of $1.7 billion on account of improvement in fares and prices of jet fuel stabilising at around the current levels, the Centre for Asia Pacific Aviation (CAPA) said in its latest forecast […]
Grounded! Indigo cancels 30 flights on Tuesday, passengers forced to buy tickets at high fares
The spate of flight cancellations, which began on Saturday last week, continues unabated at IndiGo. Tuesday was the fourth consecutive day when the low-cost airline, which operates the largest network of flights in the country, cancelled 30 flights from major airports, including Kolkata, Hyderabad and Bengaluru, thus inconveniencing a large number of passengers. Sources alleged […]
Grounded! Indigo cancels 30 flights on Tuesday, passengers forced to buy tickets at high fares
The spate of flight cancellations, which began on Saturday last week, continues unabated at IndiGo. Tuesday was the fourth consecutive day when the low-cost airline, which operates the largest network of flights in the country, cancelled 30 flights from major airports, including Kolkata, Hyderabad and Bengaluru, thus inconveniencing a large number of passengers
Nitin Gadkari launches projects worth more than Rs 3,400 crore in Bihar
Union Minister Nitin Gadkari on Monday launched national highways and waterways projects worth more than Rs 3,400 crore during his day-long visit to East Champaran and West Champaran districts of Bihar. Gadkari, who holds road transport and highways, and shipping, water resources, river development and Ganga rejuvenation portfolios, also addressed the concluding ceremony of a […]
CAG report on Rafale deal LIVE: Congress moves suspension notice in Rajya Sabha
Rafale deal CAG report LIVE Updates: The Comptroller and Auditor General (CAG) report on Rafale deal will be tabled in the Lok Sabha on Tuesday by the Modi government. The BJP will look to corner the opposition by introducing the report which is unlikely to cover the pricing details. This is the last session of […]