You may soon be able to buy petrol, diesel from supermarket : Bulletin: Business Today
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You may soon be able to buy petrol, diesel from supermarket

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June 19, 2019

Day after lenders move NCLT, tribunal to hear Jet Airways case today
The National Company Law Tribunal (NCLT) will hear Jet Airways' insolvency case today after the SBI-led consortium of 26 banks took the beleaguered airline to the tribunal to recover their dues of over Rs 8,500 crore. The lenders have been trying to sell the airline for the past five months but failed to find a buyer.

Chinese banks seek Rs 14,775 crore from Anil Ambani's RCom
Chinese banks, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have sought payment of Rs 14,774.75 crore from Anil Ambani's Reliance Communications (RCom), which filed for bankruptcy earlier this year. The Anil Ambani headed company borrowed Rs 9,863.89 crore from China Development Bank, which happens to be the biggest creditor to the debt-laden telecom company

You may soon be able to buy petrol, diesel from supermarket
The government is likely to soon permit supermarkets to retail petrol and diesel in its bid to ease fuel access to end consumers. The Ministry of Petroleum and Natural Gas in this regard may come up with a Cabinet note to relax existing norms, the Business Standard reported, citing sources. The government is expected to ready the note within the first 100 days of it coming to power.

After deadly crashes, Boeing revives, signs first deal for 737 Max jet
Boeing is selling its 737 Max planes again. The company announced at the Paris Air Show on Tuesday that International Airlines Group, the parent company of British Airways and other carriers, signed a letter of intent for 200 Boeing 737 aircraft. The letter of intent is subject to final agreement, but is a vote of confidence in Boeing as it struggles to win back trust from airlines, pilots, regulators and the traveling public.

Facebook takes aim at e-commerce with Libra cryptocurrency amid privacy concerns
Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments. Facebook said it has linked with 28 partners to form Libra Association, a Geneva-based entity governing its new digital coin, which it will launch in the first half of 2020

RBI to examine concerns over data localisation norms: Govt
The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said. The Reserve Bank of India (RBI) in April last year asked payment firms to ensure their data are stored exclusively on local servers, setting a tight six-month deadline for compliance.

Trump to hold extended talks with Xi on sidelines of G20 in Japan
US President Donald Trump Tuesday said he will hold an extended meeting with his Chinese counterpart Xi Jinping on the sidelines of the G-20 summit in Osaka, Japan next week, a major development amid the ongoing trade war between two of the world's largest economies. Trump met with Xi at the previous G-20 in Buenos Aires, Argentina, last December.
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