News for 'fuel crisis'

Review: Jil Jung Juk is a decent entertainer

Review: Jil Jung Juk is a decent entertainer

Rediff.com12 Feb 2016

Jil Jung Juk does have its share of laughs but it lacks the chaos, excitement and crazy fun that would have made the film more enjoyable, writes S Saraswathi.

Why It's Best Not To Talk To Pakistan Now

Why It's Best Not To Talk To Pakistan Now

Rediff.com20 Feb 2023

The only thing that might justify a response is the desperate state of Pakistan's economy and how its people are suffering. But it's better to be heartless for now, argues Shekhar Gupta.

3 airports hike landing charges, push up ticket cost

3 airports hike landing charges, push up ticket cost

Rediff.com30 May 2020

Mumbai, Bengaluru, and Kochi airports have hiked their landing charges by up to 45 per cent, increasing the operating cost for airlines at a time they are facing financial constraints because of the two months of grounding and weak demand.

End conflict in Ukraine, return to dialogue: India at UN

End conflict in Ukraine, return to dialogue: India at UN

Rediff.com22 Sep 2022

Jaishankar said the world has experienced its consequences in terms of higher costs and shortages of foodgrains and fertilizers and fuel.

Why retail fuel prices are likely to remain high

Why retail fuel prices are likely to remain high

Rediff.com9 Jan 2017

Govt unlikely to cut excise duties to compensate for higher global prices, say analysts.

Greece imposes capital controls as crisis deepens

Greece imposes capital controls as crisis deepens

Rediff.com29 Jun 2015

The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.

India slips 2 spot to 132 in UN Human Development Index

India slips 2 spot to 132 in UN Human Development Index

Rediff.com8 Sep 2022

Human Development -- a measure of a nation's health, education, and average income -- has declined for two years in a row.

Coal India won't conduct e-auction till situation stabilises

Coal India won't conduct e-auction till situation stabilises

Rediff.com15 Oct 2021

Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal, except special forward e-auction for the power sector, till the situation stabilises. The development assumes significance as the supply of coal is being prioritised to the power sector to replenish the dwindling stock in the wake of reports of an electricity crisis looming large. "In view of the current low stock position at the powerhouse end, supply of coal is being prioritised to the power sector to replenish the dwindling stock...coal companies are advised to refrain from conducting of any further e-auctions of coal with the exception of special forward e-auction for the power sector, till the situation stabilises," Coal India said in a recent letter to its arms, including Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL).

Jet looks abroad to tide over rupee crisis

Jet looks abroad to tide over rupee crisis

Rediff.com4 Sep 2013

Jet Airways (India) Ltd hopes to minimise the impact of a sharp rupee depreciation by growing its international network over the next few months.

India's 2022 GDP growth downgraded to 4.6%

India's 2022 GDP growth downgraded to 4.6%

Rediff.com24 Mar 2022

India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and financial instability, according to a UN report released on Thursday. The UN Conference on Trade and Development (UNCTAD) report downgraded its global economic growth projection for 2022 to 2.6 per cent from 3.6 per cent due to shocks from the Ukraine war and changes in macroeconomic policies that put developing countries particularly at risk. The report said while Russia will experience a deep recession this year, significant slowdowns in growth are expected in parts of Western Europe and Central, South and South-East Asia.

'We are sitting on a time bomb'

'We are sitting on a time bomb'

Rediff.com27 Feb 2023

'An earthquake of a slightly higher magnitude in the Western Himalayan region is going to be catastrophic -- not just because of the fragility of the region but because of how densely we have occupied it.'

China mum on talks with Lanka as its spy ship set to reach Hambantota

China mum on talks with Lanka as its spy ship set to reach Hambantota

Rediff.com15 Aug 2022

China on Monday said Sri Lanka has allowed its satellite and missile tracking ship to berth at the Hambantota port on Tuesday, but declined to reveal details of talks with Colombo leading to the bankrupt island's government reversing its earlier stand to defer the high-tech vessel's entry.

Can Nitish-Tejashwi's second coming stem Bihar's rot?

Can Nitish-Tejashwi's second coming stem Bihar's rot?

Rediff.com12 Aug 2022

Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.

Volkswagen CEO's days appear numbered as emissions crisis deepens

Volkswagen CEO's days appear numbered as emissions crisis deepens

Rediff.com22 Sep 2015

Late on Monday, Volkswagen's U.S. chief Michael Horn said the company had "totally screwed up" and promised to make amends.

India on the cusp of a bear market: Experts

India on the cusp of a bear market: Experts

Rediff.com16 Mar 2022

The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook global financial markets in early 2022. And now the ongoing war between Russia and Ukraine has lifted commodity prices, with Brent crude oil hitting a 14-year high of $139 a barrel in intraday trade. All these developments have sent the equity markets across the world into a tailspin.

Automakers staring at lacklustre festive season

Automakers staring at lacklustre festive season

Rediff.com7 Sep 2021

Automobile dealers' body FADA on Tuesday expressed concern that the chip shortage issue could derail passenger vehicle (PV) retail sales during the festive season, as automakers are struggling with an adequate supply of vehicles to dealers due to production challenges. Terming semiconductor shortage as a "full-blown crisis", the industry body warned of a lacklustre festive season, especially for the passenger vehicle dealer fraternity, with low inventory levels and non-availability of the fast-moving model variants ahead of the peak festive period.

Govt pushes states, gencos to import coal before monsoon

Govt pushes states, gencos to import coal before monsoon

Rediff.com20 May 2022

The Union ministry of coal, while acknowledging that domestic coal stock is not enough to meet the power demand, asked state governments and the power generating companies (gencos) to import coal before monsoon season sets in. The ministry has warned the gencos if they do not import coal for 10 per cent blending in their fuel demand by the end of this month, blending benchmark would be increased to 15 per cent. The order pertains to all - central, state and independent power producers (IPPs)/privately owned units.

Rift widens in Rajasthan Cong: More Pilot loyalists voice concern

Rift widens in Rajasthan Cong: More Pilot loyalists voice concern

Rediff.com11 Jun 2021

A day after a group of Congress MLAs met Sachin Pilot, another party legislator on Friday expressed support for the dissident leader as trouble brewed again in Rajasthan's ruling party.

Bihar Oppn ready to embrace Nitish if he ditches BJP

Bihar Oppn ready to embrace Nitish if he ditches BJP

Rediff.com8 Aug 2022

Amid a brewing political storm in Bihar, the opposition Rashtriya Janata Dal on Monday said it was ready to "embrace" Chief Minister Nitish Kumar and his Janata Dal-United if he broke ranks with the Bharatiya Janata Party.

Starving One Ukraine to Defeat Another

Starving One Ukraine to Defeat Another

Rediff.com2 Aug 2022

If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?

Coronavirus may lead to 68% of aircraft being grounded

Coronavirus may lead to 68% of aircraft being grounded

Rediff.com21 Mar 2020

According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.

Services sector shrinks for third straight month in July: PMI

Services sector shrinks for third straight month in July: PMI

Rediff.com4 Aug 2021

India's services sector remained in contraction territory for the third straight month in July, as business activity, new orders and employment declined further largely due to the COVID-19 pandemic and local restrictions, a monthly survey said on Wednesday. The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July, but was stuck in the red due to subdued demand conditions amid the COVID-19 crisis. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

'The more prudent thing would be to buy on dips'

'The more prudent thing would be to buy on dips'

Rediff.com14 Apr 2022

'The recent correction in indices has made the markets cheaper to invest for the long term.'

Equity MFs see all-time high net inflow of Rs 28,463 cr in Mar

Equity MFs see all-time high net inflow of Rs 28,463 cr in Mar

Rediff.com8 Apr 2022

Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.

Govt to soon take steps to ease petro pain

Govt to soon take steps to ease petro pain

Rediff.com22 May 2018

More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs.

Oil retreats, still above $100; no supply shocks for India

Oil retreats, still above $100; no supply shocks for India

Rediff.com25 Feb 2022

International oil prices retreated from an over seven-year high but was still above $100 a barrel and continue to pose threat to India's inflation rate and current account deficit. While there are no supply concerns as the oil route remained open, consumers will feel the pinch when PSU oil firms start passing on the increase in international rates through a revision in petrol and diesel prices, which have been on a pause for over three-and-a-half-months in view of elections in Uttar Pradesh and four other states. The government is "closely monitoring the situation" and will "take appropriate steps as and when required", a top official said. Brent crude oil surged past $105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine.

Another storm brewing on Wall Street?

Another storm brewing on Wall Street?

Rediff.com12 Feb 2021

Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.

'It was not a mob. It was a revolution'

'It was not a mob. It was a revolution'

Rediff.com15 Jul 2022

'This is a historical moment in the political history of Sri Lanka.' 'You can see the amount of pressure that is coming from the people because nobody addressed the policy blunders, multiple corruption charges and huge scandals.'

India will have to deal with fallout of Iraq crisis

India will have to deal with fallout of Iraq crisis

Rediff.com27 Jun 2014

The implications aren't too significant, given the size of Ukraine and its role in the global economy.

India joins 11 nations in another US-led China-centric group

India joins 11 nations in another US-led China-centric group

Rediff.com23 May 2022

India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.

LPG price hiked by Rs 16.50 per cylinder; ATF by 0.6%

LPG price hiked by Rs 16.50 per cylinder; ATF by 0.6%

Rediff.com1 Jul 2014

The price of non-subsidised LPG, which customers buy after using up their quota of 12 subsidised cylinders, was raised by Rs 16.50 per 14.2-kg cylinder, the first hike in six months.

For automakers, this festive season was the worst in a decade

For automakers, this festive season was the worst in a decade

Rediff.com18 Nov 2021

Automobile retail sales in the country fell 18 per cent year-on-year in the 42-day long festive period this year as semiconductor shortage impacted production across companies affecting their ability to supply adequate numbers to dealer partners, FADA said on Thursday. During the period under review, barring three-wheeler and commercial vehicles, all other segments including passenger vehicles, two-wheelers and tractors were down as compared with the same period of last year. As per data collated by the Federation of Automobile Dealers Associations (FADA), total retail sales across segments stood at 20,90,893 units this festive period, down 18 per cent from 25,56,335 units in 2020.

Parties during Covid scandal: 4 top aides of UK PM quit

Parties during Covid scandal: 4 top aides of UK PM quit

Rediff.com4 Feb 2022

Johnson's longstanding policy chief Munira Mirza, chief of staff Dan Rosenfield, principal private secretary Martin Reynolds, and communications director Jack Doyle all left their posts within hours of each other on Thursday, days after a damning investigation revealed that multiple parties took place at Downing Street while the rest of the United Kingdom was living under strict COVID-19 lockdown rules.

US begins formal withdrawal from Paris climate accord

US begins formal withdrawal from Paris climate accord

Rediff.com5 Nov 2019

Although Trump had announced his decision to withdraw from the historic Paris Agreement on climate change on June 1, 2017, the process began on Monday with the formal notification and the US will be out of the pact on November 4, 2020.

Crisis-hit SpiceJet may see change of guard

Crisis-hit SpiceJet may see change of guard

Rediff.com22 Dec 2014

There could be rejig at top level at SpiceJet.

China building over 100 ballistic missile silos: Report

China building over 100 ballistic missile silos: Report

Rediff.com2 Jul 2021

The 119 nearly identical construction sites, that could potentially house powerful weapons capable of reaching the American mainland, are similar to those seen at existing launch facilities for China's arsenal of nuclear-tipped ballistic missiles, the report said.

Onion crisis: Shortages after the best-ever harvest

Onion crisis: Shortages after the best-ever harvest

Rediff.com9 Jul 2014

The country has produced a record harvest, but many farmers in the onion bowl of Maharashtra have lost a large share of their crop damaged in storage, adding to the country's inflation woes.

Rahul lets fly: DeMon for the poor, monetisation for Modi's pals

Rahul lets fly: DeMon for the poor, monetisation for Modi's pals

Rediff.com1 Sep 2021

Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol, and alleged that an amount of Rs 23 lakh crore has been earned by increasing prices of these commodities in the last seven years.

24 New Cars To Hit The Road In 2022

24 New Cars To Hit The Road In 2022

Rediff.com29 Dec 2021

'Some of the launches may get deferred due to the semiconductor shortage, which is unlikely to get resolved before the second half of 2022.'

Coronavirus won't have too big an impact on Indian airlines' revenues

Coronavirus won't have too big an impact on Indian airlines' revenues

Rediff.com24 Feb 2020

Air India, IndiGo, and SpiceJet have suspended flights to China and Hong Kong.