Emirates Global Aluminium announces first exports of bauxite ore from Guinea

Abu Dhabi: Emirates Global Aluminium (EGA) on Monday announced the first exports of bauxite ore from Guinea Alumina Corporation (GAC), its mining project in the Republic of Guinea in West Africa. The first exports of bauxite ore from GAC mark the completion of EGA’s strategic expansion upstream in the aluminium value chain to create an […]

Jio, Microsoft to partner for cloud solutions

Mumbai: Reliance Industries (RIL) on Monday announced a partnership between its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions. As per the partnership, Jio will leverage the Microsoft Azure cloud platform to develop innovative cloud solutions focused on the needs of Indian businesses. Jio will also set up […]

Oil declines as trade tensions continue to stoke demand fears

Oil dropped as US President Donald Trump said planned trade talks with China next month could be called off, stoking concerns the deepening dispute will damage global growth. Futures lost as much as 1.8 per cent in New York, snapping a two-day gain, as a stronger dollar curbed the appeal of commodities priced in the […]

Etihad says not feasible to reinvest in Jet

New Delhi: Gulf carrier Etihad, which holds a 24 per cent stake in Jet Airways, on Monday said it has decided not to reinvest in the airline due to unresolved issues concerning liabilities. Jet Airways, which shuttered operations on April 17, is undergoing insolvency proceedings and at least three entities have put in initial bids […]

India FM, developers discuss liquidity issue

New Delhi: Finance Minister Nirmala Sitharaman on Sunday met real estate players and discussed ways to create demand in the country’s real estate market. The major subjects discussed in the meeting included liquidity problems and completion of stalled projects. Developers suggested the creation a stress fund for completion of stalled projects. The proposal was also […]

Slow loan disbursal a major concern: India industry body

New Delhi: While fund flows from NBFCs to micro, small and medium enterprises (MSME) have dried up in recent times, official data shows state-run banks too are cautious in lending with total credit outstanding to the sector growing at just 7.38 per cent to Rs8.81 trillion in the three-year period ending March 2019. As the […]