The warning comes as more than 1 billion barrels have been drawn from commercial oil stockpiles since the Middle East crisis began The global oil market is entering the winter with a much thinner safety cushion after more than 1 billion barrels were taken out of commercial stockpiles during this year’s supply disruptions, industry executives…
IndiGo hikes fuel charges from October 6 amid rising ATF prices NEW DELHI: Flying this festive season will get more expensive as aviation turbine fuel (ATF) prices now reach the highest level in the last decade amid the continuing US-Iran war and a weakening rupee. IndiGo will hike fuel surcharge due to mounting operating expenses…
Currently, banks and certain nominated agencies are required to pay 3% GST when importing precious metals. (Image for representative purpose only) Government entities such as MMTC and the State Trading Corporation of India could soon be brought within the goods and services tax (GST) framework for imports of gold and other precious metals.The proposal is…
Domestic airlines’ operating profit to fall 10-15% this fiscal amid higher fuel costs, airspace curbs: Crisil NEW DELHI: The government is weighing a fresh mechanism to stabilise aviation turbine fuel (ATF) prices as the prolonged West Asia crisis pushes up fuel costs and puts increasing pressure on airline finances.A senior government official said the Centre…
The Kurnool District Consumer Disputes Redressal Commission has directed the car manufacturer and its dealer to refund the ex-showroom price. (Image for representative purpose only) Buying a car is a dream, but what if you repeatedly face issues after purchase? In one such case the Kurnool District Consumer Disputes Redressal Commission has asked the car…
The economy may have managed to sail through rough waters till now, but for how long without being hit? India has managed to maintain its tag of being the fastest growing major economy with its GDP growth beating estimates despite the US-Iran war posing major risks. For an economy that is dependent on the world…
Union Minister for [Information and Broadcasting, Ashwini Vaishnaw announcing the recent cabinet decisions The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a series of measures spanning support for small and medium enterprises, integrated transport planning and logistics, and a resolution marking PM Modi’s completion of 25 years of continuous public service.The…
Market benchmark indices Sensex and Nifty ended sharply higher on Tuesday, extending their previous session’s rally, as a decline in crude oil prices below the USD 100 per barrel mark and buying in bank stocks and Reliance Industries added to investors’ optimism. The 30-share BSE Sensex jumped 685.34 points, or 0.95 per cent, to settle…
Google to seal $1 billion-plus nuclear power Google is close to striking a deal to buy nuclear power from Constellation Energy Corp, for its data centres, as tech gaints look for more reliable electricity to support the rapid growth of artificial intelligence.The Alphabet Inc. company could pay $1 billion or more under a multi-year agreement…
South Korea ships 150,000 tonnes fuel to Russia while funding Ukraine South Korea is backing Ukraine, but its fuel tankers are sailing in the opposite direction — towards Russia.In July and August, more than 176,000 tonnes of fuel, mainly diesel, was shipped from South Korea to Russia as Moscow turned to imports to make up…
