SpiceJet’s Q3 loss widens to Rs 275 crore in battle to stay afloat
SpiceJet said on Thursday it made a loss of Rs 275 crore ($44.2 million) in the last three months of 2014, after the airline was forced to cut the size of its fleet and cancel contracts to stay afloat....
View ArticleConsultant, ex-scribe among 7 arrested: What you should know about oil...
Everything you needed to know about the arrest of six persons in connection with the leaking of official documents from the petroleum ministry. The post Consultant, ex-scribe among 7 arrested: What you...
View ArticleIndia owes Iran $8.8 bn for oil, says Sitharaman
Iran and Western powers are in talks to reach a framework agreement ahead of an end-March deadline to curb Tehran's most sensitive nuclear activities in exchange for a gradual end to sanctions on the...
View ArticleOil prices fall as Iran, world powers seek to break impasse on nuclear deal
Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted....
View ArticleAs war in Libya grows, official government in new bid for oil cash
Libya's Prime Minister Abdullah al-Thinni has said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival self-declared administration in...
View ArticleOil up by 1% after Saudi Arabia raises prices for crude sales to Asia
International benchmark Brent regained ground after tumbling as much as 5 percent on Thursday, when a preliminary nuclear deal was finally reached between world powers and Iran. More Iranian oil could...
View ArticleIndia growth rate to touch 8% by 2017, says World Bank
The country is attempting to shift from consumption to investment-led growth, at a time when China is undergoing the opposite transition, it said. The post India growth rate to touch 8% by 2017, says...
View ArticleOil at 2015 high on Saudi-led bombing blitz of Yemen
Crude oil prices settled up 3 per cent, hitting 2015 highs, while US gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about...
View ArticleOil prices rise as hopes for stimulus in China heightens
Chinese oil imports fell about 11 percent in May from a year ago in the steepest drop since November 2013. The post Oil prices rise as hopes for stimulus in China heightens appeared first on Firstpost.
View ArticleReliance Industries to complete Rs 2 lakh cr worth projects; 4G launch by...
RIL plans to complete projects worth over Rs 2 lakh crore in the core oil and petrochemical businesses over the next 12-18 months. The post Reliance Industries to complete Rs 2 lakh cr worth projects;...
View ArticleSensex ends at 12-week high above 28,400-mark; banking, oil shares jump
Market breadth ended higher with 1,569 stocks advancing against 1,244 declines on BSE. The post Sensex ends at 12-week high above 28,400-mark; banking, oil shares jump appeared first on Firstpost.
View ArticleTransport, banking likely to be hit as 10 central trade unions go on...
Essential services, including transport and banking are likely to be affected on Wednesday with 10 central trade unions going on a nationwide strike. The post Transport, banking likely to be hit as 10...
View ArticleSensex back in 27,000-club as metals, oil shares aid rally for sixth straight...
Market breadth ended on a positive note with 1,691 stocks advancing against 1,061 declines on BSE. The post Sensex back in 27,000-club as metals, oil shares aid rally for sixth straight session...
View ArticleIslamic State is making up to $50 million a month from oil sales
The Islamic State rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria. The post Islamic State is making up to $50 million a month from oil sales...
View ArticleDoD wants disinvestment target scaled down to Rs 30K cr
In 2012-13, the government had raised Rs 23,956 crore as against the target of Rs 30,000 crore. The post DoD wants disinvestment target scaled down to Rs 30K cr appeared first on Firstpost.
View ArticleAzam Khan’s West-baiting remarks on the Arab world being shortchanged on oil...
Azam Khan's oil market world view is dated and simplistic. Yes, the oil prices have softened lately but that is not due to any political manipulation The post Azam Khan’s West-baiting remarks on the...
View ArticleIndia’s economic growth seen picking up, RBI may hold rates steady
Stronger growth would be a boost for Prime Minister Narendra Modi after a defeat in the Bihar Assembly polls recently. The post India’s economic growth seen picking up, RBI may hold rates steady...
View ArticleWhile you were sleeping IST: Top and trending headlines in this 2 minute video
For our readers in India and elsewhere, we squeeze out the top headlines from an increasingly wired world into this 2 minute video. The post While you were sleeping IST: Top and trending headlines in...
View ArticleIslamic State smuggles oil via Turkey says Iraqi PM Abadi
Iraqi Prime Minister Haider al-Abadi on Monday said that the Islamic State group smuggled most of its oil through Turkey. The post Islamic State smuggles oil via Turkey says Iraqi PM Abadi appeared...
View ArticleExplainer: Why US will soon lift restrictions on oil exports, how it will...
The U.S. could soon end restrictions on oil exports put in place in the mid-1970s. The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate by the end of...
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