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Thursday, July 18, 2019

INDIA

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...

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...

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...

India poised to overtake UK in world economy rankings, says PwC

India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, according to a report by global consultancy firm...

India’s e-commerce curbs could hit online sales by $46 billion by 2022

India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by...

Chancellor Merkel wants to foster stronger Germany-India ties

Germany wants to develop its ties with India but this should not be at the cost of its trans-Atlantic relationship, chancellor Angela Merkel said...