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Bhushan Steel's bad loan probe puts 2 top public banks in spot

The SFIO report showed that the two banks ‘failed’ to resolve the issue of non-cooperation by BSL.

Kami Rita

Sep 21, 2019, 01.14 PM IST

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KAMI RITA

Oil prices rise as Hurricane Gustav nears Gulf

Oil prices swung higher Tuesday as Hurricane Gustav struck Haiti, raising concerns that the storm could slam into major oil operations in the Gulf of Mexico.

Ike destroys a number of Gulf platforms

Hurricane Ike appears to have destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico, federal officials said Sunday.

Rising losses force reinsurers to go slow on underwriting

Insurance buyers can look forward to the soft market to continue in '08. Estimates show that losses are due to disasters. Insurance cover for towing on way

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  • Even as global crude oil prices continue to rule at over $60 per barrel, the country’s quest for self-sufficiency in oil and gas is being hindered by an acute shortage of oil rigs and drilling equipment.

    Goldman Sachs, Morgan Stanley and US futures exchanges are fighting efforts by Congress to give two regulators authority over the $4.2 trillion commodities market, a move they say will drive trading overseas.

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