industry

Civil aviation regulator, DGCA, today told the Delhi High Court that airlines in the country are not charging fares that are unlawful, discriminatory or exorbitant and the ticket prices change according to market forces.

Sugar weakens on reduced demand Aug 17 2018

Prices of both the varieties of sugar weakened further at the Vashi wholesale market here today due to reduced demand from stockists and bulk consumers.

Air India to operate Kochi flights from Thiruvananthapuram Aug 17 2018

National carrier Air India today said its flights scheduled to depart from the Kochi airport, which has been shut down till August 26 due to floods, will operate from Thiruvananthapuram.

Total North Sea oil platform strikes in September, October to be 12 hours: Union Aug 17 2018

Strikes planned on three of Total’s (TOTF.PA) North Sea oil and gas platforms for five days in September and October will be 12 hours long, a spokesman for the Unite union said.

BPCL hydrocracker at Mumbai refinery to shut for at least two months after fire: Sources Aug 17 2018

India’s Bharat Petroleum Corp Ltd will keep a secondary unit at its 120,000 barrels-per-day (bpd) Mumbai refinery offline for at least two months following a fire last week, two industry sources said.

India allows conditional import of petcoke; cement shares rise Aug 17 2018

India on Friday allowed import of petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher.

In rare step, China punishes major ratings agency for violations Aug 17 2018

One of China’s biggest debt rating agencies has been punished by the country’s securities regulator and a supervisory group under the central bank, in a rare rebuke that underscores Beijing’s concern about credit risks at a time of slowing economic growth.

Gold heads for its worst week in more than a year Aug 17 2018

Gold recovered some ground on Friday as a weakening of the dollar relieved pressure on prices, but the metal remained near 19-month lows and looked set for its biggest weekly fall since May 2017.

Bayer says can begin integration of Monsanto Aug 17 2018

Bayer can begin folding Monsanto into its organisation as the antitrust-related sale of assets has been completed, fulfilling final requirements by the U.S. Department of Justice, the German drugmaker said.