India`s diesel consumption to rise 3%-4% in current fiscal year, says Indian Oil chair

India's annual diesel consumption is expected to rise by 3%-4% in the current fiscal year to March 31, said V. Satish Kumar, chairman of Indian Oil Corp (IOC). India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the … Read more

Rupee strengthens marginally against US dollar on Wednesday

Indian rupee strengthened marginally against the US dollar on Wednesday, tracking firm domestic equities, in spite of strengthening American currency and exodus of foreign funds from Indian equities to China. Foreign institutional investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,978.61 crore, exchange data showed. However, some … Read more

Air India, Singapore Airlines expand codeshare pact, add 51 new destinations

Air India and Singapore Airlines (SIA) on Wednesday announced to expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.  From October 27, Air India and SIA will codeshare on each other’s flights between Singapore and Bengaluru and Chennai, increasing their total weekly scheduled codeshare services between the countries … Read more