NCLT orders insolvency process at low-cost carrier Air Costa
Air Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bankruptcy Code. Aviation regulator Director General of Civil Aviation had in June 2017 suspended the flying licence of the airline, making it officially wind up operations.
Hindalco plans big on packaging, large aluminium containers
Hindalco Industries is betting big on the packaging and transport containers segm...
Crude oil futures gain marginally on domestic cues
Crude oil prices on Tuesday gained Rs 2 at Rs 4,079 per barrel.
China carrier fleet passes near rival Taiwan
Taiwan's defense ministry said the southbound Chinese fleet passed into the Taiwan Strait but stayed on China's side of the waterway that separates the island from China. The ministry said Taiwan scrambled ships and jets to monitor the fleet. U.S. and Japanese ships were also following the Chinese fleet, the ministry said without giving details.
India vulnerable to oil price and capital inflow shocks: YV Reddy
According to the former Reserve Bank of India governor, there are three economic challenges- climate change, demographic divergence and technology - which are global and can be resolved only through cooperation and concerted action on the part of all or most countries.
OPEC's share of Indian oil imports in October hits lowest since 2011
India, the world's third-biggest oil importer, shipped in 4.56 mn bpd of oil in October.
Oil eases amid concern over US-China trade talks dragging on
Brent crude futures were down 20 cents, or 0.32 per cent, at $62.24.
Air India extends bridge-loan bids for Boeing purchase to Nov 22
The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over Rs 5,800 crore by November 14. The financial bids were to scheduled to be closed on November 14. The carrier is seeking to refinance six Boeing 787s and one B777.
Agri Commodities: Soybean, soya oil, mustard rise in futures amid strong demand
Mustard seed prices on Tuesday rose Rs 21 to Rs 4,270 per quintal in futures trade .
Energy demand in Asia Pacific could grow 15% from 2019 to 6,800 mn tons of oil equivalent in 2040
As per the research by Wood Mackenzie, energy demand in the region is expected to grow 15% from 2019 to 6,800 million tons of oil equivalent in 2040. Currently, net fossil fuel imports account for 25% of the region’s demand. Despite ambitious government targets, national oil and gas companies have been struggling to ramp up oil and gas production.
Crude oil futures gain on positive global cues
West Texas Intermediate crude oil was trading 0.10 per cent up at $57.78 per barrel.
Opec+ meet and trade deal talks to keep crude oil prices volatile
Crude oil market players are looking towards next month’s Opec+ meeting for fresh cues.
GoAir inks pact with Emirates National Oil Company for jet fuel
A wholly-owned entity of the Dubai government, ENOC at present covers more than 200 airports across 25 countries, supplying more than three million US gallons (USGs) of jet fuel to a diversified portfolio of carriers in the UAE and internationally, with more than 300 fuellings each day, according to a release.
Commodity outlook: How gold, oil, base metals and agri commodities may trade today
Here is how SMC Global expects commodities to trade today.
Share market update: BSE Oil & Gas index up; RIL, IGL among top gainers
The S&P BSE Oil & Gas index was trading 0.31 per cent up at 15,159.54 around 10:59 am.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service