Category: Business

Srinagar: For a change, wazwan will now tease the tastebuds of visitors at the 51st Rose Festival in Chandigarh. The fest is all set to take off on February 17. It will continue till February 19 at Zakir Rose Garden, Chandigarh. Organizers have chosen Kashmiri Wazwan as one of the prime food stalls in the […]

India TV reports: Air India-Airbus deal: UK Prime Minister Rishi Sunak hailed a momentous deal for Airbus and Rolls-Royce to provide new aircraft for Air India, which is worth billions of pounds to the country. The agreement announced by the companies on Tuesday will support and create new highly skilled jobs in Wales and Derbyshire, […]

The market rout suffered by Indian tycoon Gautam Adani is the latest corporate scandal to plague one of the world’s largest economies despite Prime Minister Narendra Modi’s efforts to root out corruption. Properly investigating the claims of fraud that triggered the sell-off in Adani’s companies will be a key test for “India Inc” as the […]

Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections. Brent crude futures for December settlement fell 28 cents, or 0.3%, to $92.13 a barrel by 0010 GMT. U.S. West Texas Intermediate crude for November delivery (WTI) , which expires on Thursday, rose 34 […]

OPEC+ has agreed its deepest cuts to oil production since the coronavirus pandemic, curbing supply in an already tight market despite pressure from the United States and others to pump more. In a statement after a meeting in Vienna on Wednesday, the global cartel of oil-producing countries announced it would produce 2m barrels less a […]

The European Union’s executive body has proposed capping the price of Russian gas, within hours of Russia’s leader condemning the idea as stupidity. Energy prices have soared in the wake of Russia’s invasion of Ukraine, forcing the EU’s 27 states into action. “We must cut Russia’s revenues which Putin uses to finance this atrocious war,” […]

The euro dropped below $0.99 on Monday, marking a 20-year low, following Russia’s statement last week that it will halt gas supply to Germany via the Nord Stream pipeline. The euro sank 0.70 percent to 0.9884 dollars on Monday at 5:35 GMT, its lowest level since December 2002. Since the beginning of the year, the […]

Ravil Maganov, chairman of Russia’s second-largest oil producer Lukoil, has died after falling from a hospital window in Moscow, becoming the latest in a series of sudden unexplained deaths of businessmen. Two sources confirmed to Reuters news agency reports on Thursday by Russian media that the 67-year-old plunged to his death, but the circumstances surrounding […]