Crude oil jumps to $71.75 after Iran attacks US forces in Iraq : Bulletin: Business Today
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Crude oil jumps to $71.75 after Iran attacks US forces in Iraq

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BusinessToday.In | January 8, 2020

Ukrainian Boeing 737 plane with 180 passengers on board crashes in Iran

A Ukraine International Airlines Boeing 737 crashed due to technical problems after take-off from Tehran's Imam Khomeini airport with 180 passengers and crew aboard. All 180 on board the Ukrainian passenger plane that crashed in Iran have been killed, Iran's State Television has said. Rescue teams have been sent to an area near the airport where the Boeing 737 belonging to Ukraine International Airlines crashed, Reza Jafarzadeh, a spokesman for Iran's Civil Aviation Organization, told state television.

Crude oil touches $71.75 after Iran attacks US forces in Iraq

Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies. But prices cooled a fraction after the early heat as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks.

Iran-US tussle: Indian exports to Iran may face delays in payments

Amid the ongoing tussle between Iran and the US, the Indian exporters to Iran are worried. They are concerned about the rupee-denominated bilateral trade mechanism put in place by both the countries a year ago, as the rupee kitty with Iran, through which the payments to Indian exporters happen, is fast depleting. Unless an alternate mechanism is put in place, Indian exporters may find their payments getting blocked over the next three to four months.

Govt's advance estimate pegs GDP growth at 5% for FY20

India's nominal gross domestic product (GDP) is expected to grow by 5 per cent in financial year 2019-20 compared to the growth rate of 6.8 per cent last year, according to the first advance estimates released by the Central Statistics Office on Tuesday. The government's estimate, which is in line with the Reserve Bank of India's (RBI's) estimate of 5 per cent, is based on the GDP growth in the first two quarters of the current fiscal and other macro data.

Air India sale: Amit Shah-led GoM approves draft for inviting bids

The central government's Group of Ministers (GoM) led by Union Home Minister Amit Shah has approved the draft inviting bids for the sale of India's state-owned carrier. Apart from giving nod to receiving Expressions of Interest (EOI) for the sale of Air India, the GoM also approved the share purchase agreement, under which the airline's total debt of around Rs 60,000 crore would be transferred to a special purpose vehicle (SPV).

Centre sanctions 2,636 EV charging stations in 62 cities

The government has approved setting up 2,636 electric vehicle charging stations across 62 cities in 24 states and union territories of India under the second phase of FAME India scheme. The move is meant to encourage manufacturers to launch new electric vehicles models.

Also read: US prohibits flights in airspace over Iraq, Iran, and the Gulf

Also read: Days after top commander's death, Iran launches missile strike against US in Iraq
 


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