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Thursday, June 20, 2019
Business

Business

Deal for new Sri Lanka oil refinery will take at least a year to...

An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its...

Jet chairman Goyal steps down as banks move in with rescue plan

Jet Airways Chairman Naresh Goyal will step down from the board of the Indian carrier he founded 25 years ago and its lenders will seize...

India’s Jet grounds seven more planes amid shutdown fears

India's debt-laden Jet Airways has grounded seven more planes after failing to pay for its aircraft leases, heaping pressure on its founder as a...

Sri Lanka wins record foreign investment in oil project

Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the single largest foreign investment...

India government asked banks to save Jet, avoid bankruptcy -sources

India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to...

India’s Reliance caps Venezuelan oil purchases

India's biggest private oil refiner Reliance Industries has capped crude imports from sanction-hit Venezuela, the company said Thursday, following pressure from the United States. The...

India bans Boeing 737 MAX planes from its airspace

India will not allow U.S. planemaker Boeing Co's 737 MAX aircraft to enter or transit its airspace after 1030 GMT, the ministry of civil...

Indian airline defends ‘sophisticated’ Boeing 737 MAX

Indian airline SpiceJet jumped to the defence of the Boeing 737 MAX on Tuesday even as countries grounded the aircraft following the Ethiopian Airlines...

Shareholders of India’s Jet Airways approve debt-for-equity swap

India's Jet Airways Ltd said late on Friday that its shareholders approved a plan to convert existing debt to equity, paving the way for...

IMF chief says ready to support Pakistan after meeting prime minister Khan

International Monetary Fund chief Christine Lagarde on Sunday met Pakistani Prime Minister Imran Khan and assured him that IMF stands ready to support his...